03-12-2024 05:43 AM CET |
Press release from: The Business Research Company
Weight Management Market Report
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033
The Business Research Company offers in-depth market insights through Weight Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The weight management market size has grown strongly in recent years. It will grow from $349.46 billion in 2023 to $384.06 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing obesity rates, growing health awareness, changing lifestyles, medical conditions and comorbidities, fitness and wellness trends.
The weight management market size is expected to see strong growth in the next few years. It will grow to $545.07 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to global focus on healthy living, digital health and wellness platforms, shift towards plant-based diets, wellness tourism and retreats, aging population and health concerns. Major trends in the forecast period include incorporation of gut health solutions, e-commerce dominance in product distribution, health and wellness tourism, emphasis on sleep quality, integration of AI and data analytics.
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Market Segmentation:
The weight management market covered in this report is segmented -
1) By Diet: Functional Beverages, Functional Food, Dietary Supplements
2) By Equipment: Fitness, Surgical
3) By Services: Health Clubs, Consultation Services, Online Weight Loss Services
Major Driver - Obesity's Impact On The Growing Weight Management Market
The increasing obesity is expected to boost the growth of the weight management market going forward. Obesity is a medical condition characterized by an excessive accumulation of body fat, to the extent that it may have adverse effects on health. The rising incidence of obesity propels the weight management market, driven by individuals seeking solutions to address health risks associated with excess weight, fostering a growing demand for products and services that promote weight control and healthier lifestyles. For instance, in May 2022, according to the World Obesity Atlas 2022, published by World Obesity Federation, a UK-based non-profit organization, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030 and it will be increased to 4 billion people or 51% of the global population, will be living either overweight or obese by 2035. Therefore, the growing obesity is driving the growth of the weight management market.
Competitive Landscape:
Major companies operating in the weight management market report are Nestlé S.A., Johnson & Johnson Inc., Abbott Laboratories, Medtronic plc, The Kellogg Company, Brunswick Corporation, Glanbia plc, Herbalife Nutrition Ltd., Ethicon Inc., Amer Sports Oyj, Medifast Inc., The Simply Good Foods Company, WW International Inc., Technogym S.p.A., Nutrisystem Inc., Gold's Gym International Inc., Jenny Craig Inc., Iovate Health Sciences International Inc., Central Sports Co Ltd., Life Extension Foundation Buyers Club Inc., Core Health & Fitness LLC, P.R.I.M.E. Nutrition Corporation, Premier Nutrition Company LLC, Apollo Endosurgery Inc., Ultimate Nutrition Inc., Atkins Nutritionals Inc., eDiets.com Inc., Woodbolt Distribution LLC
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Top Trend - Strategic Collaboration In Weight Management To Enhance Patient Care And Behavioral Support
Major companies operating in weight management are focused on collaboration and partnerships to provide reliable services to customers. A strategic partnership is a structured affiliation between two or more commercial enterprises, typically established via one or more business agreements or contracts. For instance, in December 2023, Hello Alpha, a US-based virtual primary care platform, partnered with Trestle Tree, a US-based provider of health coaching services, to address gaps in weight management. This partnership offers patients with a more comprehensive approach to weight management, combining medical care with behavior change support.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Weight Management Market Characteristics
3. Weight Management Market Trends And Strategies
4. Weight Management Market - Macro Economic Scenario
5. Weight Management Market Size And Growth
…..
27. Weight Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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