Press Release

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

Global Weight Management Market

According to a new report by EMR titled, ‘Global Weight Management Market Report and Forecast 2024-2032’, the market attained a value of nearly USD 505.82 billion in 2023. The market is estimated to grow at a CAGR of 6% between 2024 and 2032 to reach around USD 854.66 billion by 2032.

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

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Diet
  • Service
  • Equipment
  • Region
Breakup by Diet
  • Functional Beverages
  • Functional Food
  • Dietary Supplements
Breakup by Service
  • Health Clubs
  • Consultation Services
  • Online Weight Loss Services
Breakup by Equipment
  • Fitness Equipment
  • Surgical Equipment
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Herbalife International of America, Inc.
  • Nutrisystem, Inc.
  • WW International, Inc.
  • Diet Health, Inc.,
  • Technogym SpA
  • Jenny Craig
  • Kellogg Company
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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