The global weight management market size is expected to reach USD 442.3 billion by 2025, according to a new report by Grand View Research, Inc. Rising number of overweight and obese population coupled with rising popularity of various commercially available solutions is fueling the growth.
Increasing
initiatives undertaken by market players in collaboration with the government
to raise awareness about the adverse impact on health due to obesity are
further anticipated to drive the market demand. The overweight and obese
population are more prone to chronic diseases including diabetes, hypertension,
and orthopedic diseases. Thus, rising awareness about weight management
techniques is driving the market growth.
Thanks
to westernization and urbanization, there is an increasing preference toward
processed food as an alternative to home-cooked food. The increase in number of
nuclear families coupled with a rise in the working population have fueled the
demand for easily accessible & inexpensive fast food and takeaway meals.
According to Statista, in 2015, revenue of fast food industry in the U.S was
203.2 billion. A hectic schedule coupled with increasing stress are resulting
in higher intake of outside and takeaway food. This trend is anticipated to
trigger the market growth.
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Weight Management
Market Report Highlights
- The growing prevalence of
obesity primarily due to sedentary lifestyle and lesser physical
activities is augmenting market growth
- The rising awareness of
available solutions for weight loss and management is driving the growth
- In diet, the beverage segment
holds the largest share owing to increasing consciousness amongst people
about their eating habits and adoption of general & personalized diet
plans for better metabolism and losing the extra weight. Whereas, rising
popularity of supplements, shake mix, tablets, and capsules are projected
to grow over the forecast period
- Fitness equipment such as
cardiovascular training, strength building, and other equipment used in
maintaining the weight account for the largest share in weight management
- Increasing R&D for
developing minimally invasive and noninvasive equipment are anticipated to
increase the usage of surgical equipment over the forecast period
- The fitness center services
segment held the largest share of market, however with digitalization,
online weight loss services are anticipated to grow over the forecast
period
- In 2016, North America
dominated the global weight management market with the largest revenue
share of over 46.0%, due to the rising overweight population and
commercial availability of minimally invasive procedures and noninvasive
equipment
- Asia Pacific is expected to
emerge as the fastest growing region during the forecast period, primarily
due to growing awareness about the importance of losing & management
of extra weight in order to avoid adverse health effects coupled with
improving healthcare infrastructure and emerging medical tourism
- Some of the major players
are Herbalife International, Inc.; NutriSystem, Inc.; Weight Watchers
International, Inc.; eDiets.com; BRUNSWICK CORPORATION; Ethicon US, LLC;
and GOLD'S GYM
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Weight Management
Market Segmentation
Grand View Research has segmented
the global weight management market by diet, equipment, services, and region:
Weight Management
Diet Outlook (Revenue, USD Billion; 2014 - 2025)
- Diet
- Meals
- Beverages
- Supplements
Weight Management
Equipment Outlook (Revenue, USD Billion; 2014 - 2025)
- Fitness equipment
- Cardiovascular training
equipment
- Strength Training equipment
- Others
- Surgical equipment
- Minimally
invasive/Bariatric equipment
- Noninvasive surgical
equipment
Weight Management
Services Outlook (Revenue, USD Billion; 2014 - 2025)
- Fitness centers
- Sliming centers
- Consultation services
- Online weight loss services
Weight Management
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
- North America
- U.S
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- Latin America
- Mexico
- Brazil
- MEA
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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