NEWARK, Nov. 7, 2022 (GLOBE NEWSWIRE) — Global weight loss and weight management will grow at a CAGR of $405.3 billion by 2030 from $224.24 billion in 2021, according to a report published by The Brainy Insights. It is expected to grow to $70 million. 6.8% during the forecast period 2022-2030.
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The weight loss and weight management products market includes various products such as machines and pharmaceuticals used to manage or reduce the weight of obese and overweight patients. The increasing global burden of obesity and overweight increases the need for preventive care. Obese people are more likely to develop chronic diseases such as diabetes, blood pressure, and orthopedic problems. As a result, there has been increased awareness of weight loss technology driving market growth. Similarly, people have become more health conscious and are adopting meal replacements and physical activity to stay healthy and fit. The factors mentioned above are the key reasons boosting the growth of the weight loss and weight management market. Similarly, other factors driving market development incorporate increasing disposable income and spending power of customers, emergence of gym culture, and growing use of nutritional supplements.
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competitive strategy
In order to strengthen their market positions in the global weight loss and weight management market, major players are currently focusing on adopting strategies such as product innovations, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships. increase.
• In January 2021, Oziva launched a product line for weight loss that includes 7 different products to support and aid weight loss. In the expansion, the products found are primarily focused on men and women.
Market growth and trends
Big pharmaceutical companies are developing new anti-obesity drugs for weight loss and weight management. Obesity is currently the most studied condition in a number of clinical trials. The Obesity Drugs Channel includes 93 practices across all stages of clinical outcome. Government agencies play multiple critical roles in national public health crises, such as the youth obesity epidemic. Demonstrate leadership by addressing common obesity as a critical public health priority and coordinating responses in the public and private domains. Global obesity levels continue to increase despite government guideline regulations and more importantly individual commitments. Government regulations and taxes can increase awareness of weight management and force food and beverage operators to lower the calorie content of their products. Additionally, temporary closures of gymnasiums, wellness centers, health institutions and sports academies negatively impacted market development. Regardless, online sales increased rapidly in 2021 due to a greater understanding of the importance of a healthy lifestyle and overall well-being. A variety of products in different forms such as ready-to-drink liquids, bars, gels and powders are expected to boost the market. Manufacturers utilize innovative flavor and functional ingredients to improve the nutritional value of their products. For example, brands add natural elements and reduce sugar and caffeine content into ready-to-drink products.
Main findings
• In 2021, the online weight loss program segment dominated the market with the largest market share of 25% and market revenue of 56.06 billion.
The Services segment is divided into slimming centers, consulting services, fitness centers and online weight loss programs. In 2021, the online weight loss program segment dominated the market with the largest market share of 25% and market revenue of 56.06 billion.Rising disposable income will change lifestyles through rapid urbanization, boosting US market development
• In 2021, the beverage segment dominated the market with the largest market share of 35% and market revenue of 78.48 billion.
The diet segment is divided into supplements, meals, and beverages. In 2021, the beverage segment dominated the market with the largest market share of 35% and market revenue of 78.48 billion. Rising overweight population and increasing consumer awareness of low-calorie beverages in the growing economy will lead to the growth of the segment.
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Regional Segment Analysis For Weight Loss And Weight Management Market
• North America (USA, Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, rest of Europe)
• Asia Pacific (China, Japan, India, rest of APAC)
• South America (Brazil and Rest of South America)
• Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, the North America region has emerged as the largest market for the global weight loss and weight management market, with a market share of 77.36 billion with approximately 34.5% of the market revenue in 2021. Increased management business of weight loss and weight investments and partnerships, increased net income associated with lifestyle changes due to rapid industrialization, and commercial availability of liposuction equipment are the factors driving the market growth in this region. is. Also, rising cases of diabetes and hypertension and increasing adoption of weight loss management programs are expected to drive the market growth in the United States during the forecast period.
Major players operating in the global weight loss and weight management market are:
• Weight Watchers International
• Gold’s Gym International
• Technogym SpA
• Olympus Corporation
• Nutrisystem, Inc.
• Kellogg Company
• Johnson Health Tech
• Jenny Craig
• Herbalife, Inc.
• Ethicon
• eDiets.com
• Covidien.
• Brunswick
• Atkins Nutritionals, Inc.
• Endo-Apollo surgery
Amer Sports
The study forecasts revenue at global, regional and country levels from 2019 to 2030. Brainy Insights has segmented the global weight loss and weight management market based on the following segments:
Global Weight Loss and Weight Management Market by Service:
• slimming center
• Consulting Services
• Fitness center
• Online weight loss program
Global Weight Loss and Weight Management Market by Diet:
• supplement
• meal
• drinks
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About the report:
The global weight loss and weight management market is analyzed based on value (Billion USD). All segments are analyzed by world, region and country. The study includes analysis of over 30 countries for each part. This report provides an in-depth analysis of drivers, opportunities, constraints, and challenges to gain key insights on the market. The study includes Porter’s five force model, attractiveness analysis, raw material analysis, supply and demand analysis, competitor position grid analysis, distribution, and marketing channel analysis.
About The Brainy Insights:
Brainy Insights is a market research company that aims to provide companies with actionable insights through data analytics to improve business insight. We have robust forecasting and estimating models to meet our clients’ goals of delivering high quality output in a short period of time. We offer both customized (client-specific) and syndicated reports. Syndicated report repositories are diverse across all categories and subcategories across domains. Our customized solutions are tailored to meet client requirements, whether they are looking to expand or plan to launch new products in the global market.
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