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The global weight management market reached a value of US$ 470 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 684.5 Billion by 2027, exhibiting a CAGR of 6.36% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global weight management market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on diet, equipment and service.
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:
Amongst these, health clubs hold the leading position in the market.
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:
|Base Year of the Analysis||2021|
|Segment Coverage||Diet, Equipment, Service, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||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. and ALPLA Werke Alwin Lehner GmbH & Co. KG|
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The global weight management market was valued at US$ 470 Billion in 2021.
We expect the global weight management market to exhibit a CAGR of 6.36% during 2022-2027.
The rising prevalence of various weight-related health issues, along with the growing adoption of nutritious diets and workout programs to stay healthy and fit by health-conscious individuals, is primarily driving the global weight management market.
The sudden outbreak of the COVID-19 pandemic has led to the increasing popularity of several online-based weight management programs among individuals to boost their immunity levels at home, owing to the temporary closure of gyms and fitness centers, during the lockdown scenario across several nations.
Based on the diet, the global weight management market can be segmented into functional beverages, functional food, and dietary supplements. Currently, functional beverages hold the majority of the total market share.
Based on the equipment, the global weight management market has been divided into fitness and surgical, where fitness equipment currently exhibits a clear dominance in the market.
Based on the service, the global weight management market can be categorized into health clubs, consultation services, and online weight loss services. Among these, health clubs account for the largest market share.
On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where North America currently dominates the global market.
Some of the major players in the global weight management market include 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, etc.
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