Weight Loss and Weight Management Market 2019-2026
People are becoming more and more health-conscious these days. Due to which they are adopting nutritious diets and workout programs to stay fit and healthy. Also, as the rate of obesity is increasing the need for a healthy and fit lifestyle is also increasing. In many countries, it is seen that the government is coming up with different initiates and programs for weight loss and weight management. People also take the help of service providers like health clubs, fitness centers, slimming centers, consulting services, online weight loss programs, commercial weight-loss centers, etc to improve the quality of life.
Other factors that drive the growth of this market include increasing disposable incomes, changing dietary habits, changing lifestyles, technological advancements, etc. The rise in health concerns and high income are driving the expansion of this market. The key components associated with weight loss include energy balance, basal metabolic rate, thermogenic effects, diet, and physical activity. Weight management is affected by these factors in many ways.
As per the statistics, the global Weight Loss and Weight Management market was worth US$ 189.8 Billion in 2018. It is expected to reach to value at US$ 269.2 Billion by the year 2024, which will account for a CAGR of around 6 %. The key growth drivers include increasing health awareness among customers and rising occurrences of chronic diseases like high cholesterol, heart attacks, diabetes, obesity, etc. Weight management is a process wherein people adopt a healthy lifestyle and make some changes in their diet in order to maintain a healthy body weight.
Major players in the global Weight Loss and Weight Management market include:
Johnson Health Technology (Taiwan)
Duke Diet & Fitness Center (US)
Apollo Endosurgery (US)
Weight Watchers (US)
VLCC Healthcare (India)
Slimming World (UK)
Amer Sports (Finland)
Gold’s Gym (US)
Atkins Nutritionals. (US)
Jenny Craig (US)
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On the basis of the type of service offered, the global Weight Loss and Weight Management market is classified into Diet Foods, Supplements, Drugs, and Others. Many food supplements and beverages that encourage weight loss have been introduced in the market like herbal tea, diet soft drinks, low-calorie beverage, and slimming water.
On the basis of application, the global Weight Loss and Weight Management market is segmented into Simple Obesity, Overweight, and Obesity with Associated Complications. Obesity is a major health concern in countries like the USA. As per the record, almost 93 million Americans are obese.
From a geographical standpoint, the global Weight Loss and Weight Management market comprises of regions like the United States, Europe, China, Japan, Southeast Asia, India, the Middle East and Africa, and Central & South America. As per the data, North America held the maximum share of the weight loss market with 38.9%. This can be directly correlated with the rise in the obese population in the US. The growing pace of diabetes is another concern in this region. Also, growing awareness about following a healthy lifestyle and the presence of some companies are expected to play a major role to drive the market in the coming years.
Tivity Health, Inc acquired Nutrisystem, Inc, for $1.3 Billion. Tivity health offers fitness and health enhancement programs and with this acquisition, it aims to expand the health lifestyle brands portfolio.
Table of Contents:
1 Weight Loss and Weight Management Market Overview
2 Global Weight Loss and Weight Management Market Landscape by Player
3 Players Profiles
4 Global Weight Loss and Weight Management Production, Revenue (Value), Price Trend by Type
5 Global Weight Loss and Weight Management Market Analysis by Application
6 Global Weight Loss and Weight Management Production, Consumption, Export, Import by Region (2014-2019)
7 Global Weight Loss and Weight Management Production, Revenue (Value) by Region (2014-2019)
8 Weight Loss and Weight Management Manufacturing Analysis
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