Weight Management Global Market Report 2024

Weight management refers to a set of practices and behaviors aimed at maintaining a healthy weight. It involves a long-term strategy focused on promoting healthy eating habits and regular physical activity. Weight management is essential for achieving a healthy weight and controlling cholesterol levels, blood pressure, blood sugar, and preventing weight-related health issues.

Weight management encompasses various types of diets, including functional beverages, functional food, and dietary supplements. Functional beverages are non-alcoholic drinks that contain vitamins, minerals, amino acids, probiotics, dietary fibers, and added raw fruits. Equipment involved in weight management includes fitness and surgical equipment. Additionally, various services are available such as health clubs, consultation services, and online weight loss services.

The weight management market research report is one of a series of new reports from The Business Research Company that provides weight management market statistics, including weight management industry global market size, regional shares, competitors with a weight management market share, detailed weight management market segments, market trends and opportunities, and any further data you may need to thrive in the weight management industry. This weight management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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, as well as 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 projected growth in the forecast period is driven by a global emphasis on healthy living, the proliferation of digital health and wellness platforms, a shift towards plant-based diets, the growth of wellness tourism and retreats, and increasing health concerns among aging populations. Major trends expected in this period include the incorporation of gut health solutions, the dominance of e-commerce in product distribution for health and wellness products, the rise of health and wellness tourism, a greater emphasis on sleep quality, and the integration of AI and data analytics in health and wellness services.

The rising prevalence of obesity is anticipated to drive the growth of the weight management market in the future. Obesity, a condition characterized by excessive body fat accumulation leading to adverse health effects, has become increasingly prevalent, prompting a surge in demand for weight management products and services. This trend is fueled by individuals seeking solutions to address health risks associated with obesity and to adopt healthier lifestyles. For example, the World Obesity Federation's World Obesity Atlas 2022 predicts that by 2030, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity. Additionally, it is projected that by 2035, the number of people living with overweight or obesity will reach 4 billion, constituting 51% of the global population. This data underscores the significant impact of obesity on global health and the increasing demand for weight management solutions.

The increasing awareness about health and fitness is indeed expected to drive the growth of the weight management market. Health and fitness, which encompass physical, mental, and social well-being, have become focal points for individuals seeking holistic health and wellness solutions. In the context of weight management, there is a shift towards prioritizing overall well-being rather than solely focusing on weight loss. The data from the survey report published by Nutrisystem, indicating that a significant percentage of respondents expressed their goal for 2022 as shedding weight, with an average target of 14 pounds of weight loss, underscores the growing emphasis on weight management as part of a broader health and wellness lifestyle. As awareness about the importance of maintaining a healthy weight and overall well-being continues to rise, the demand for weight management products and services is expected to increase, driving the growth of the weight management market.

Product innovation stands out as a prominent trend driving advancements in the weight management market. Companies within this sector are actively focused on developing new offerings to solidify their positions in the market. For instance, in February 2022, Zeonutra, an Indian-based company specializing in manufacturing weight management products, unveiled their latest creation: the Slim Plus product. Distinguished by its organic composition, this product features unique organic vegan nutritional supplements infused with slimbiome. Tailored for vegan consumers, Slim Plus is specifically formulated to aid in weight reduction through the use of natural supplements. This innovative product underscores the industry's commitment to providing organic and specialized solutions for weight management, catering to the preferences of consumers seeking natural approaches to support their wellness goals. The introduction of such products reflects a growing emphasis within the market on holistic and plant-based alternatives for managing weight and promoting overall health.

Major companies in the weight management sector are emphasizing collaboration and partnerships to ensure dependable services for customers. A strategic partnership involves a structured affiliation between two or more commercial enterprises, typically established through one or more business agreements or contracts. For instance, in December 2023, Hello Alpha, a US-based virtual primary care platform, formed a partnership with Trestle Tree, a US-based provider of health coaching services. The aim of this collaboration is to bridge gaps in weight management services. By joining forces, this partnership seeks to offer patients a more comprehensive approach to weight management by integrating medical care with behavior change support.

In March 2023, Profile Plan, a US-based company focused on health and weight loss, finalized the acquisition of HMR for an undisclosed sum. This strategic move aligns Profile Plan and HMR to deliver outstanding health and weight loss solutions, dedicated to helping individuals achieve their wellness aspirations. Together, the companies aim to offer an expanded range of solutions, a more personalized approach, and a heightened commitment to supporting customers in reaching their health and weight loss goals. HMR, also based in the US, specializes in weight management, bringing complementary expertise that reinforces Profile Plan's commitment to comprehensive wellness solutions.

Major companies operating in the weight management market report are Nestle 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

North America was the largest region in the weight management market in 2023. The regions covered in the weight management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the weight management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The weight management market includes revenues earned by entities by healthy eating, physical activity, optimal sleep, and stress reduction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Weight Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on weight management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for weight management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The weight management market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Nestle S.A.; Johnson & Johnson Inc.; Abbott Laboratories; Medtronic plc; The Kellogg Company
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.