How Will the Weight Loss Products And Services Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Weight Loss Products And Services Market Grow Over the Forecast Period Based on Its Expected CAGR?
In the previous years, the market size for products and services related to weight loss has seen a significant increase. From 2024 to 2025, it is anticipated to rise from $327.11 billion to $354.32 billion at a compound annual growth rate (CAGR) of 8.3%. Factors that contribute to growth in the historic period include rising obesity rates, increased awareness about health, trends in fitness and wellness, influence from social media, medical conditions and co-existing diseases, dietary trends and preferences, ease of access to information, and government programs.
In the upcoming years, the market size for weight loss products and services is predicted to witness substantial growth, reaching a value of $513.94 billion in 2029 with a compound annual growth rate (CAGR) of 9.7%. The growth anticipated in this forecast period is credited to factors such as personalized nutrition plans, at-home fitness trends, corporate wellness initiatives, weight management genetic testing, regulatory support and guidelines, and a focus on mental health. Key contemporary trends forecasted for this period encompass the digitalization of weight management, the integration of fitness technology, weight management solutions based on DNA, cultural sensitivity and inclusivity, along with regulatory scrutiny and transparency.
Which Drivers Are Expected to Have the Greatest Impact on the weight loss products and services Market’s Growth?
The increase in older individuals is predicted to drive growth in the market for weight loss products and services. This growth in the ageing population can be attributed to shifts in the age structure of a population leading to a larger proportion of elderly individuals. Weight loss products and services are particularly beneficial for this demographic, aiding those who are overweight or obese due to age-related shifts in body composition, which often result in increased fat content and reduced lean mass and bone density. For example, the World Health Organization, based in the US, projected in October 2022 that 1 in 6 people across the globe will be 60 or older by 2030, and by 2050, this age group will have doubled to 2.1 billion individuals. As such, the expanding ageing population offers an impetus for growth in the weight loss products and services market.
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Who Are the Dominant Players Expanding Their Reach in the Weight Loss Products And Services Market?
Major companies operating in the weight loss products and services market are:
• Abbott Laboratories_x000D_
• Fitbit Inc._x000D_
• GlaxoSmithKline PLC_x000D_
• Boehringer Ingelheim International GmbH_x000D_
• Fresenius Kabi AG_x000D_
What Are the Top Trends Shaping the Evolution of the Weight Loss Products And Services Market?
Advancements in technology and development are a significant trend in the market for weight loss products and services. Key players in this sphere are leveraging advanced technology to retain their market footprint. As an example, in July 2022, Herbalife Nutrition, a company specializing in health and wellness based in the US, introduced a new product – Fat Release. Engineered to aid customers in achieving their weight loss and health objectives, this product features Litramine, a patented fiber extracted from prickly pear cactus. The product, which comes in handy stick packs, can be consumed within two hours after eating fatty foods, making it a perfect solution for situations when healthy choices are scarce.
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What Are the Major Segments of the Weight Loss Products And Services Market and Their Role in Driving Growth?
The weight loss products and services market covered in this report is segmented –
1) By Products: Food, Beverage, Supplements, Other Weight Loss Products
2) By Services: Fitness Centers, Slimming Centers, Consultation Services, Other Services, Fat Replacers
3) By Sales Channel: Supermarkets And Hypermarkets, Convenience Stores, Retail Pharmacies, E-Commerce
Subsegments:
1) By Food: Low-Calorie Snacks, Meal Replacement Bars, Diet Frozen Meals
2) By Beverage: Weight Loss Shakes, Detox Teas, Low-Calorie Drinks
3) By Supplements: Herbal Weight Loss Supplements, Protein Supplements, Fat Burners
4) By Other Weight Loss Products: Weight Loss Devices, Fitness Equipment, Weight Management Apps And Programs
Which Regions Are Setting the Pace for Weight Loss Products And Services Market Growth?
North America was the largest region in the weight loss products and services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the weight loss products and services market report during the forecast period. The regions covered in the weight loss products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Are the Defining Features of the Weight Loss Products And Services Market?
Weight loss products and services refer to the products that assist in a person’s total body weight reduction by losing muscle, water, and fat. A weight loss service will provide tips on maintaining a healthy weight over the long term and help you lose weight gradually and securely. Weight loss products and services are used by consumers facing the issues of excess body weight and obesity to get into better shape.
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