The global weight loss market is expected to exhibit a growth rate (CAGR) of 8.3% during 2023-2028.
Weight loss refers to the process of lifestyle modifications to maintain physical wellness. It aids in achieving an ideal weight as per the overall body mass index (BMI) of an individual. Additionally, weight loss also offers several health benefits, such as minimizing the risk of heart diseases, reducing blood pressure, managing sleep cycle, etc. It can either be accomplished with the help of fitness training programs or medical treatment procedures like bariatric surgery.
Weight Loss Market Trends:
The elevating prevalence of numerous chronic diseases, such as obesity, high cholesterol levels, diabetes, cardiovascular ailments, etc., is primarily driving the global weight loss market. Additionally, hectic work schedules, unhealthy dietary patterns, and sedentary lifestyles of the consumers are also catalyzing the need for a nutritious diet and weight loss programs. Moreover, the increasing popularity of dietary supplements containing herbs, fibers, and minerals that aid in boosting the metabolism rate and maintaining a healthy lifestyle is further bolstering the global market. Besides this, several government bodies are launching incentives and wellness programs to promote the adoption of weight management techniques, including yoga and exercise sessions. Consequently, the rising influence of celebrities who are promoting a healthy lifestyle through social media platforms is acting as another significant growth-inducing factor. Moreover, changing consumer inclination from invasive bariatric surgeries towards naturopathy-induced weight loss solutions is positively influencing the global market. Additionally, due to the sudden outbreak of the COVID-19 pandemic, there is an increasing adoption of weight management practices for improving immunity and reducing health risks. Numerous other factors, the growing prominence of pharmacologic therapeutic medications, emerging gym culture, and elevating online sales of weight-loss supplements are expected to drive the global weight loss market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global weight lossmarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on diet, equipment type, service, gender and age group.
The competitive landscape of the industry has also been examined along with the profiles 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.
Base Year of the Analysis
Diet, Equipment Type, Service, Gender, Age Group, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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Key Questions Answered in This Report
We expect the global weight loss market to exhibit a CAGR of 8.3% during 2023-2028.
The rising consumer awareness towards several health benefits associated with weight loss, such as minimizing the risk of heart diseases, reducing blood pressure, managing sleep cycle, etc., is primarily driving the global weight loss market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of weight management practices for improving immunity and reducing health risks, during the lockdown scenario.
Based on the diet, the global weight loss market can be segmented into supplements, meals, and beverages. Currently, beverages hold the majority of the total market share.
Based on the equipment type, the global weight loss market has been divided into fitness equipment and surgical equipment, where fitness equipment, including cardiovascular equipment currently exhibits a clear dominance in the market.
Based on the service, the global weight loss market can be categorized into fitness centers and health clubs, consulting services, surgical clinics, online weight loss programs, and others. Currently, online weight loss programs account for the majority of the global market share.
Based on the gender, the global weight loss market has been segregated into men and women, where women currently hold the largest market share.
Based on the age group, the global weight loss market can be bifurcated into below 15 years, 15 to 30 years, 31 to 60 years, and above 60 years. Among these, 15 to 30 years of age exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global weight loss market include 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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