Weight Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Weight Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global weight management market size reached US$ 503.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 722.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.
Weight management is the process of adopting the lifestyle and dietary changes to maintain healthy body weight. Most weight management strategies promote healthy eating and daily physical activity based on the person's height, gender and age. Nowadays, people are adopting various weight management programs that consist of meal replacement products, low-calorie foods and beverages, low-calorie sweeteners, green tea/herbal tea, exercise programs and surgeries.
Unhealthy lifestyles and rapid consumption of fast food have led to higher obesity rates. This has led to rising occurrences of chronic diseases, such as diabetes, obesity, high cholesterol and heart attacks. Consequently, consumers are becoming increasingly health-conscious and adopting nutritious diets and workout programs to stay healthy and fit. This represents one of the key factors driving the market toward growth. Moreover, the rising incidences of obesity and overweight are also putting a major strain on public healthcare budgets across the globe. This is prompting governments and corporations to take initiatives to reduce the prevalence of these conditions through incentives and wellness programs. In addition to this, several leading manufacturers have launched new dietary supplements containing various ingredients, such as fibers, herbs and minerals, that help consumers in attaining a better metabolism rate. This has positively impacted the weight management industry worldwide. Some of the other factors driving the market growth include increasing disposable incomes and consumer expenditure capacities, along with the emerging gym-culture and the rising uptake of weight-loss supplements.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global weight management market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on diet, equipment and service.
Breakup by Diet:
Functional Beverages
Functional Food
Dietary Supplements
At present, functional beverages account for the majority of the overall market share.
Breakup by Equipment:
Fitness
Cardiovascular Training Equipment
Strength Training Equipment
Others
Surgical
Minimally Invasive/Bariatric Equipment
Non-Invasive Surgical Equipment
Fitness equipment currently dominates the market, holding the largest market share.
Breakup by Service:
Health Clubs
Consultation Services
Online Weight Loss Services
Amongst these, health clubs hold the leading position in the market.
Regional Insights:
Asia Pacific
North America
Europe
Middle East and Africa
Latin America
Region-wise, North America exhibits a clear dominance in the market.
Competitive Landscape:
The competitive landscape of the market is characterized by the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players are:
Herbalife International, Inc.
NutriSystem, Inc.
Weight Watchers International, Inc.
eDiets.com
Brunswick Corporation
Ethicon Endo-surgery, Inc.
Golds Gym International, Inc.
Amer Sports
Technogym SPA
Jenny Craig Inc.
Medtronic Inc.
Kellogg Company
Atkins Nutritionals Inc.
Apollo Endosurgery Inc.
Cyber International, Inc.
Johnson & Johnson, Inc.
ALPLA Werke Alwin Lehner GmbH & Co. KG
Key Questions Answered in This Report:
What was the size of the global weight management market in 2022?
What is the expected growth rate of the global weight management market during 2023-2028?
What are the key factors driving the global weight management market?
What has been the impact of COVID-19 on the global weight management market?
What is the breakup of the global weight management market based on the diet?
What is the breakup of the global weight management market based on the equipment?
What is the breakup of the global weight management market based on service?
What are the key regions in the global weight management market?
Who are the key players/companies in the global weight management market?
Table of Contents
143 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Weight Management Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Diet
- 5.5 Market Breakup by Service
- 5.6 Market Breakup by Equipment
- 5.7 Market Breakup by Region
- 5.8 Market Forecast
- 6 Market Breakup by Diet
- 6.1 Functional Beverages
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Functional Food
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Dietary Supplements
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 7 Market Breakup by Service
- 7.1 Health Clubs
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Consultation Services
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Online Weight Loss Services
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 8 Market Breakup by Equipment
- 8.1 Fitness Equipment
- 8.1.1 Market Trends
- 8.1.2 Market Breakup by Type
- 8.1.2.1 Cardiovascular Training Equipment
- 8.1.2.2 Strength Training Equipment
- 8.1.2.3 Others
- 8.1.3 Market Forecast
- 8.2 Surgical Equipment
- 8.2.1 Market Trends
- 8.2.2 Market Breakup by Type
- 8.2.2.1 Minimally Invasive/Bariatric Equipment
- 8.2.2.2 Non-Invasive Surgical Equipment
- 8.2.3 Market Forecast
- 9 Market Breakup by Region
- 9.1 North America
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Europe
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Asia Pacific
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Herbalife International, Inc.
- 14.3.2 NutriSystem, Inc.
- 14.3.3 Weight Watchers International, Inc.
- 14.3.4 eDiets.com
- 14.3.5 Brunswick Corporation
- 14.3.6 Ethicon Endo-surgery, Inc.
- 14.3.7 Golds Gym International, Inc.
- 14.3.8 Amer Sports
- 14.3.9 Technogym SPA
- 14.3.10 Jenny Craig Inc.
- 14.3.11 Medtronic Inc.
- 14.3.12 Kellogg Company
- 14.3.13 Atkins Nutritionals Inc.
- 14.3.14 Apollo Endosurgery Inc.
- 14.3.15 Cyber International, Inc.
- 14.3.16 Johnson & Johnson
- 14.3.17 ALPLA Werke Alwin Lehner GmbH & Co. KG
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