Weight Management Market Key Players: Technogym, Atkins Nutritionals, Inc, Covidien, And Jenny Craig, Inc.
Weight Management Industry Overview
The global weight management market size was valued at USD 132.7 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% over the forecast period. The market growth can be attributed to the rising volumes of bariatric surgeries, rapid adoption of online weight loss & management programs, growth in disposable income levels in developing countries, increasing government initiatives for creating awareness about weight management, and growing cases of obesity due to sedentary lifestyles. According to the Institute of Health Metrics and Evaluation, 30.0% of the world’s population is either obese or overweight. Obesity poses an enormous challenge for the developed countries and the lower & middle-income countries.
The overweight and obese population report a high prevalence of chronic diseases including diabetes, hypertension, and orthopedic diseases. Thus, the growing obese population is driving the market growth. The penetration of childhood obesity is growing throughout the world due to factors, such as unhealthy eating habits and a lack of physical activity. The percentage of childhood obesity cases that occurred due to hormonal problems is very low. As per the article published by Narayana Health, India reported about 14.4 million cases of obesity in children, which is the second-highest number of obese children in the world.
Gather more insights about the market drivers, restrains and growth of the Global Weight Management market
Due to the increasing number of hours in front of televisions and computers, there is a significant rise in inactive hours. Overweight or obese children have higher chances of having chronic diseases at an early age. Increasing consumption of junk food, physical inactivity, and the growing fast-food industry are leading to an unhealthy & sedentary lifestyle, which results in weight gain. In addition, increasingly hectic routines and growing stress are causing people to consume fast foods, which is leading to untoward health effects. Thus, all these factors together are fueling the market growth. Rapid globalization and digitalization are ensuring easier access to information about the repercussions of being overweight.
This is leading to increased awareness about various weight management solutions, such as diet meals, beverages & supplements, exercise, and surgical procedures. An increase in the prevalence of chronic diseases due to rapid urbanization and changing lifestyles has contributed heavily to the growth of the market. People, to avoid getting diseases associated due to a lack of physical activity, are increasingly opting for weight management products and services. The COVID-19 pandemic has had a negative impact on the market. There was a decline in the sales of products & services as consumers were focusing on the purchase of essential goods.
Moreover, the temporary closure of gyms, fitness centers, health clubs, and sports institutes negatively impacted the market growth. However, online sales increased rapidly in 2020 due to the increased awareness about the importance of having a healthy lifestyle and overall wellbeing. The availability of a wide range of products in different forms including Ready-to-Drink (RTD) beverages, bars, gels, and powders is projected to drive the market. Manufacturers are adding innovative flavors and functional ingredients to enhance the nutritional value of their products. For instance, brands are adding natural ingredients, caffeine, and low-sugar contents to RTD products. For, instance, Life Extension, in April 2022, launched Waistline Control, which helps in reducing the waistline.
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Weight Management Market Segmentation
Grand View Research, Inc. has segmented the global weight management market on the basis of function and region:
Weight Management Function Outlook (Revenue, USD Million, 2016 - 2030)
- Diet
- Meals
- Beverages
- Supplements
- Proteins
- Fibers
- Green tea extract
- Conjugate linoleic acid
- Green coffee
- L-carnitine
- Fitness equipment
- Cardiovascular training equipment
- Treadmills
- Elliptical trainers
- Stationary cycles
- Rowing machines
- Stair steppers
- Other cardiovascular training equipment
- Strength training equipment
- Single station equipment
- Plate loaded equipment
- Benches and racks
- Multistation equipment
- Free weights
- Accessories
- Minimal invasive surgical equipment
- Gastric bypass equipment
- Laparoscopic sleeve gastrectomy equipment
- Laparoscopic adjustable gastric banding systems
- Biliopancreatic diversion surgery/duodenal switch equipment
- Revision surgery equipment
- Noninvasive surgical equipment
- Intragastric balloon systems
- Endobarrier
- Endosuturing devices
- Stomaphyx
- Others
- Cardiovascular training equipment
- Services
- Fitness centers
- Sliming centers
- Consultation services
- Online weight loss service
Weight Management Regional Outlook (Revenue, USD Million, 2016 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- February 2022: Cult.fit acquired a majority stake in the Gold’s Gym fitness centers chain across India.
Key Companies profiled:
Some of the key players in the global weight management market include:
- Herbalife International, Inc.
- NutriSystem, Inc.
- Weight Watchers International, Inc.
- com
- Brunswick Corp.
- Life Extension
- Ethicon US, LLC: Ethicon Endo-surgery, Inc.
- Apollo Endosurgery Inc.
- Kellogg Company
- Technogym
- Atkins Nutritionals, Inc
- Covidien
- Jenny Craig, Inc.
- Gold’s Gym International, Inc.
- Nu Skin Enterprises
- Now Health Group, Inc.
- Vitaco Health Limited
- Cargill, Inc.
- Nutrisystem, Inc.
- Amer Sports
- Johnson Health Tech
- Amway
- GNC Holdings, Inc.
Order a free sample PDF of the Weight Management Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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