The global weight management market exhibited moderate growth during 2015-2020. 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. Looking forward, IMARC Group expects the global weight management market to grow at a CAGR of around 8% during the forecast period (2021-2026).
Breakup by Diet:
At present, functional beverages account for the majority of the overall market share.
Breakup by Equipment:
Fitness equipment currently dominates the market, holding the largest market share.
Breakup by Service:
Online Weight Loss Services
Amongst these, health clubs hold the leading position in the market.
Middle East and Africa
Region-wise, North America exhibits a clear dominance in the market.
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 of America, Inc.
Weight Watchers International, Inc.
Ethicon Endo-surgery, Inc.
Golds Gym International, Inc.
Amer Sports Oyj
Jenny Craig Inc.
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:
How has the global weight management market performed so far, and how will it perform in the coming years?
What are the key regional markets in the industry?
What has been the impact of COVID-19 on the global weight management market?
What is the breakup of the market based on the diet?
What is the breakup of the market based on the equipment?
What is the breakup of the market based on the service?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the and who are the key players?
What is the degree of competition in the industry?
What are the profit margins in industry?