Global Weight Management Market to Grow at a CAGR of 6% During 2024-2032, Aided by Changing Lifestyles and Rising Health Concerns

The growing health-consciousness and the increasing trend of wellness are driving the weight management market growth. Due to this, consumer preferences are demonstrably shifting towards healthier beverage options. Health-conscious consumers are increasingly prioritising hydration as well as functional benefits including vitamins, minerals, antioxidants, and other bioactive compounds. Functional beverages directly address these demands, offering a convenient and appealing way for individuals to integrate these elements into their diets.

The increasing prevalence of lifestyle-driven health concerns, such as obesity and chronic illnesses, has driven a shift in consumer preferences towards functional beverages. These beverages are specifically formulated to address these concerns, offering potential benefits in weight management, energy enhancement, digestive support, and cognitive function improvement. Consequently, consumers view functional beverages as a proactive strategy for maintaining their overall well-being.

The rising prioritisation of health and wellness has led to a greater emphasis on regular exercise. This shift in consumer behaviour has fuelled the fitness equipment industry, as individuals seek convenient and personalised workout solutions. Technological advancements continue to shape the market, providing users with sophisticated tools to achieve their fitness objectives.

The increasing launches of weight management products propel the market expansion. In February 2024, Herbalife International of America, Inc. (NYSE: HLF) introduced the Herbalife® GLP-1 Nutrition Companion. This new line of product combinations offers comprehensive nutritional support specifically designed for individuals using GLP-1 and other weight-loss medications.

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Market Breakup by Diet, Service, Equipment, and Region:

• On the basis of the diet, the market is classified into functional beverages, functional food, and dietary supplements.

• The market can be segmented based on service into health clubs, consultation services, and online weight loss services.

• On the basis of the equipment, the market is bifurcated into fitness equipment and surgical equipment.

• By region, the 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 rising prevalence of obesity has elevated its status as a critical public health concern. Consequently, heightened individual awareness and a growing emphasis on healthier lifestyles by governments and healthcare organisations have driven increased demand for weight management solutions. This surge in demand reflects the growing recognition of the importance of weight management for mitigating associated health risks.

• Wearable fitness devices, mobile apps, and online platforms have reshaped the weight management market landscape. By providing real-time data on key health metrics, these technologies empower individuals to personalise their weight-loss strategies and take greater control of their overall health.  Their convenience and user-friendly interfaces have broadened the appeal of weight management, making it a more accessible and achievable goal for many.

• The prevalence of sedentary behaviour, unhealthy dietary patterns, and chronic stress within contemporary lifestyles is demonstrably linked to the rise in overweight and obesity. This paradigm shift, characterised by reduced physical activity and increased consumption of high-calorie, processed foods, necessitates the development and implementation of efficacious weight management strategies.

Key Offerings of the Report:

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

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the diets, services, equipment, and major regions of weight management.

• 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 management market are Herbalife International of America, Inc., Nutrisystem, Inc., WW International, Inc., Diet Health, Inc., Technogym SpA, Jenny Craig, and Kellogg Company, among 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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