Global Weight Loss & Diet Management Market is valued at USD 204.79 Billion in 2021 and expected to reach USD 364.61 Billion by 2028 with a CAGR of 8.59% over the forecast period.
Global Weight Loss & Diet Management Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025. Rising prevalence of chronic diseases such as heart related diseases, type 2 diabetes and cancers and Rising global burden of obesity and overweight are likely to boost the growth of Global Weight Loss & Diet Management Market.
Scope of Market Reports –
Obesity and weight gain problems have always been a main fear impacting the health and fitness of the persons. Increasing levels of awareness among the calorie conscious consumers have opened up new opportunities in this Global Weight Loss & Diet Management Market. The considerably high rate of new product entry in the Global Weight Loss & Diet Management Market requires industry participants to adopt active approaches. Furthermore, the larger chunk of the Global Weight Loss & Diet Management Market is not only driven by significant products such as fitness devices like wristwatches and food market, but also by added opportunities in the minor market such as for fitness accessories like Strong Elbow Sleeves, Weight Lifting Gloves, Red Line Knee Wraps and Animal Gym Bag. This forces further need to recognize clearly the characteristics and demand for the micro-markets, so as to obtain a complete view of the industry.
The global weight loss & weight management diet market includes food & beverages, meal replacements, weight loss supplements, green tea and low-calorie sweeteners. Food & beverages include low-calorie, high-fiber, low-sodium food, snack products, low-calorie beverages and other, which are consumed for maintaining the body weight. Meal replacements comprise protein bars, shakes, and other nutritional products that are consumed as a alternative for regular food items to decrease the total calorie intake. Weight loss supplements contain diet pills and other types of supplements. Low-calorie sweeteners such as stevia, aspartame, sucralose, saccharin and others are extensively used to sweeten food & beverages instead of sugar syrups.
Global weight loss & diet management market is segmented on the basis of diet, equipment, service, distribution channel and geography. On the basis of diet global weight loss & diet management market is segmented into meal, beverages, supplements and other. On the basis of equipment global weight loss & diet management market is segmented into fitness equipment, surgical equipment and other. On the basis of service global weight loss & diet management market is segmented into fitness centers, slimming centers, consulting services, online weight loss programs and other. On the basis of distribution channel global weight loss & diet management market is segmented into multi-level marketing, large retail, small retail, health & beauty stores, online distribution and other.
The regions covered in global weight loss & diet management market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, global weight loss & diet management market sub divided in to U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Growing adoption of sedentary lifestyle, move towards consumption of fast food, and genetic factors are major reasons of obesity and driving growth factors of the Global Weight Loss & Diet Management Market. Rise in the demand for weight loss dietary supplements has also constricted the regulations around product safety, manufacturing as well as efficacy claims. The incidences of obesity-related disorders such as diabetes, cardiovascular diseases, and others have considerably increased in past few years are also boosting the growth of Global Weight Loss & Diet Management Market.
However, growing incidence of side-effects of dietary supplements such as increased heart rate and high blood pressure is hindering the Global Weight Loss & Diet Management Market growth.
Also, Global Weight Loss & Diet Management Market growth may be declined due to the high cost of low-calorie diets and unreliable marketing practices. Safety issues related with the equipment along with the lack of consumer awareness in remote and suburban areas are projected to influence Global Weight Loss & Diet Management Market expansion badly. In addition to, rising raw material prices of stevia i.e., an artificial sweetener has increased since last year, due to its fast increasing world-wide demand so the price of food & beverages also increases. Additionally, the prices of whey proteins have increased quickly in recent years as they are main ingredients in meal replacements. Many key players have uses whey protein substitutes in various types of meal replacements.
Rising fondness towards low cholesterol, low fatty foods along with globally increasing demand of weight loss supplements is likely to drive Global Weight Loss & Diet Management Market growth over the forecast period. Likewise initiatives taken by government and non-profit organizations to rise in awareness about health and fitness are increasing the demand for dietary food, beverages and supplements in the future.
North America is likely to hold the largest market share for Global Weight Loss & Diet Management Market during 2017-2026 owing the vast availability of weight management products & better services, increasing awareness on nutrition and healthy lifestyles, and expanding number of fitness centers also rising obesity issues among general consumers over past few years has directed to the high penetration of healthy food and dietary supplements in the region. Existence of the leading market players and increasing number of regulations by the United State Food and Drug Administration (USFDA) on the manufacturing and labeling of weight loss dietary supplements are some of the factors boosting the growth of the Global Weight Loss & Diet Management Market in North America. Moreover, manufacturers are also focusing on the research and growing their product portfolio with the launch of new products in the region. This is also resulting in the Global Weight Loss & Diet Management Market growth in North America. Europe holds the second position in growth of Global Weight Loss & Diet Management Market.
Weight Loss & Diet Management Market Revenue (USD Million) Analysis by Regional and Global, 2019-2025
Asia Pacific has also been witnessed as the emerging Global Weight Loss & Diet Management Market in recent few years. Economies including China, India, Japan, and South Korea have heavily contributed to the sales of the industry from this region. Required fitness and constant determination to look slim along with the shifting trend towards adopting healthy lifestyle of people have been recognized as main key factors driving Global Weight Loss & Diet Management Market growth in the region.
By Diet - Meal, Beverages, Supplements, Other
By Equipment - Fitness Equipment, Surgical Equipment, Other
By Service - Fitness Centres, Slimming Centres, Consulting Services, Online Weight Loss Programs, Other
By Distribution Channel - Multi-level Marketing, Large retail, Small Retail, Health & Beauty Stores, Online Distribution, Other
North America, US, Mexico, Chily, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, South Korea, Japan, India, Southeast Asia, Latin America, Brazil, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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