Global Weight Loss Market to Grow at 7.89% During 2024-2032, Impelled by Rising Health-Consciousness Among the Masses

September 19, 2022 | Healthcare

According to the latest report by IMARC Group, titled “Weight Loss Market Report by Diet (Supplements, Meals, Beverages), Equipment Type (Fitness Equipment, Surgical Equipment), Service (Fitness Centers and Health Clubs, Consulting Service, Surgical Clinics, Online Weight Loss Programs, and Others), Gender (Men, Women), Age Group (Below 15 Years, 15 to 30 Years, 31 to 60 Years, Above 60 Years), and Region 2024-2032," the global weight loss market is expected to grow at a CAGR of 7.89% during 2024-2032. Weight loss is the reduction in overall body mass due to the loss of muscles, water, and fat. It primarily dependents on reducing the total intake of calories, regardless of the differing proportions of carbohydrates, fat, and protein in the diet. It can be accomplished through the help of fitness training programs, diet management plans, medications, fitness routines, and surgical procedures, such as sleeve gastrectomy, gastric bypass, and adjustable gastric band. Weight loss assists in improving insulin sensitivity, decreasing the risk of stroke, enhancing mobility, alleviating joint pain, and reducing cancer risk. It also aids in achieving ideal weight as per the body mass index (BMI), improves sleep, and boosts energy levels. Weight loss also has favorable emotional and psychological effects, such as improved mental health, enhanced self-image, mood, and greater self-esteem.

Global Weight Loss Market Trends:

The increasing prevalence of obesity and associated lifestyle diseases, such as diabetes, hypertension, strokes, orthopedic problems, and cardiovascular diseases (CVDs), is one of the key factors driving the market growth. In addition, a shifting consumer inclination toward fast foods due to a sedentary lifestyle, unhealthy food habits, and hectic work schedules are acting as another growth-inducing factor. Furthermore, the rising demand for bariatric surgeries owing to their effectiveness, low cost, and recent technological advancements that cause lesser pain and discomfort are providing a considerable boost to market growth. Apart from this, the introduction of various dietary supplements containing herbs, fibers, and minerals that aid in boosting the metabolism rate and maintaining a healthy lifestyle is providing an impetus to market growth. Moreover, the increasing consumption of junk food, physical inactivity, and the significant growth in the fast-food industry leading to an unhealthy lifestyle are favoring the market growth. Other factors, including increasing initiatives by several governments to create awareness and promote healthy weight management campaigns, the development of novel drugs and therapeutics, and the rising awareness among consumers regarding the ill effects of unhealthy eating, are supporting market growth.

Market Summary:

  • On the basis of the diet, the market has been divided into supplements, meals, and beverages.
  • Based on the equipment type, the market has been categorized into fitness equipment (cardiovascular, strength training, and other equipment) and surgical equipment (minimally invasive/bariatric and non-invasive equipment).
  • On the basis of the service, the market has been classified into fitness centers and health clubs, consulting services, surgical clinics, online weight loss programs, and others.
  • Based on the gender, the market has been bifurcated into men and women.
  • On the basis of the age group, the market has been categorized into below 15 years, 15 to 30 years, 31 to 60 years, and above 60 years.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined, with some of the key players being Apollo Endosurgery Inc., Brunswick Naturopathy, Gold's Gym International Inc., Herbalife Nutrition Ltd., Jenny Craig Inc., Johnson & Johnson, Johnson Health Tech. Co. Ltd., Kellogg Company, Medtronic plc, Nutrisystem Inc., TECHNOGYM S.p.A, The Simply Good Foods Company and WW International Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Diet, Equipment Type, Service, Gender, Age Group, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Apollo Endosurgery Inc., Brunswick Naturopathy, Gold's Gym International Inc., Herbalife Nutrition Ltd., Jenny Craig Inc., Johnson & Johnson, Johnson Health Tech. Co. Ltd., Kellogg Company, Medtronic plc, Nutrisystem Inc., TECHNOGYM S.p.A, The Simply Good Foods Company and WW International Inc.
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Global Weight Loss Market to Grow at 7.89% During 2024-2032, Impelled by Rising Health-Consciousness Among the Masses
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