Weight Management Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s weight management market report forecasts the weight management market size to grow to $474.03 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.
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Weight Management Market Size Forecast
The global weight management market is expected to grow from $311.24 billion in 2022 to $339.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The weight management market size is expected to grow to $474.03 billion in 2027 at a CAGR of 8.7%.
North America held the largest weight management market share.
Key Weight Management Market Driver – Growth In Adoption Of Online Weight Loss And Management Programs
For example, in 2020 according to a report from the national library of medicine, a US-based biomedical library, a study was done on 840 patients, which showed that patients receiving an online weight management program lost more weight than those who followed the usual care. It resulted in a small but significant amount of weight loss. Therefore, the adoption of online weight loss and management programs is driving the weight management market.
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Key Weight Management Market Trend – Product Innovations
Companies operating in weight management are developing new products to strengthen their position in the market. For instance, in February 2022, Zeonutra, an Indian-based company manufacturing weight management products, launched a slim plus product. This product is totally organic with unique organic vegan nutritional supplements that contain slimbiome. This can be used by vegan consumers and is helpful in the reduction of weight with natural supplements.
Weight Management Market Segment
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
Weight Management Market Major Players and Strategies
Major players in the weight management market are Amer Sports Oyj, Apollo Endosurgery Inc., Atkins Nutritionals Inc., eDiets.com Inc., Ethicon Inc., Golds Gym International Inc., Herbalife Nutrition Ltd., Jenny Craig Inc., Johnson & Johnson Inc., The Kellogg Company, Nutrisystem, Technogym SPA, WW International Inc., Central Sports, Core Health & Fitness LLC, COVIDien, Life Extension, Medifast Inc., and Medtronic plc.
In January 2020, Providence St. Joseph Health, a subsidy of Providence Health and Services, a non-profit health care company, acquired HMR weight management services corp. from Merk for an undisclosed amount. With this acquisition, Providence adds a comprehensive weight management tool to its portfolio of health services while the HMR program is now reachable to nearly 1 million patients who receive care in Providence hospitals. Health Management Resources is a US-based company, that offers clinically proven weight loss programs and operates in the weight management market.
The Weight Management Global Market Report 2023 covers regional data on weight management market size, weight management market trends and drivers, opportunities, strategies, and weight management market competitor analysis. The countries covered in the weight management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Weight management refers to a set of practices and behaviors required to keep weight at a healthy level. It involves a long-term strategy that promotes healthy eating and requires daily physical activity. Weight management is used in achieving a healthy weight and controlling cholesterol, blood pressure, and blood sugar, as well as preventing weight-related diseases.
View More Reports Related To The Weight Management Market –
Weight Loss Supplements Global Market Report 2023
Weight Loss And Diet Management Global Market Report 2023
Weight Loss Products And Services Global Market Report 2023
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