Global Weight Loss and Weight Management Diet Market to Grow at a CAGR of 8.3% During 2024-2032, Driven by Rising Health Consciousness

Weight management involves implementing long-term lifestyle changes to maintain a healthy body weight. Since neglecting unhealthy weight gain increases the risk of major health issues, like diabetes, heart disease, and joint problems, consumers are increasingly focusing on weight loss and weight management, favouring the weight loss and weight management diet market demand. Weight loss and management help prevent illnesses linked to obesity and allow people to lead a healthy life.

North America is expected to hold a significant share of the market due primarily to the increased health consciousness of people. Due to rising obesity rates in North America, consumers are adopting new weight-loss strategies in addition to conventional low-calorie meals and beverages. Weight loss and management through meal replacements, herbal and green teas, and exercise regimens are rising. Consumers also follow diet plans formulated by fitness and slimming centres to ensure their health, aiding the market growth.

In November 2023, The U.S. Food and Drug Administration approved Eli Lilly and Company's (NYSE: LLY) Zepbound™ (tirzepatide) injection. The product aimed at obesity treatment activates both glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) hormone receptors. Zepbound is indicated for adults with obesity, those who are overweight, and also have weight-related medical problems, including hypertension, type 2 diabetes mellitus, dyslipidemia, obstructive sleep apnea and cardiovascular disease. Such developments are expected to favour the market for weight loss and weight management diet.

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Market Breakup by Product Type, Services, Distribution Channels, and Region:

• The market is segmented based on product type into meal replacement, weight loss supplement, beverages, low-calorie sweetener, and others.

• By services, the market is segmented into fitness centres, slimming centres, consultation services, and online weight loss services.

• By distribution channels, the market is divided into hypermarkets and supermarkets, speciality stores, pharmacies, online, and others.

• Region-wise, the global weight loss and weight management diet market can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The market is characterised by rising consumer preference for plant-based foods that provide all the nutrients consumers need while losing weight.

• With a growing working class, consumers find it difficult to consume nutritious meals on time. There is a growing market for ready-to-make meals or supplements for weight loss. These items, such as shakes are easily available and are a good source of nutrients and energy.

• In addition to weight management claims on product labels, consumers are seeking products that provide quality nutrition, and boost energy and immunity.

• Eco-conscious consumers also seek green and clean-label ingredients that are good for them and the earth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for weight loss and weight management diet for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product type, services, distribution channels, and major regions of weight loss and weight management diet.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global weight loss and weight management diet market are Abbott Laboratories, Cargill Inc., General Mills Inc., Ingredion Inc., Kellogg Co., Medifast Inc., Nutrisystem Inc., The Kraft Heinz Company, WW International, Inc., PepsiCo, Inc., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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