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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