Global Weight Loss and Obesity Management Market Increasing at A Phenomenal Pace to Reach USD 335.7 Billion by 2028

06-Aug-2021 | Zion Market Research

Some of key players in sports nutrition market are Ajinomoto Co.,Inc., Herbalife International of America, Inc., Nestlé SA, PepsiCo, Johnson Health Tech, THE COCA-COLA COMPANY, Nutrisystem, Inc., Mayo Foundation for Medical Education and Research (MFMER), Zafgen, Inc., WW International, Inc., Jenny Craig, Diet Health, Inc., VLCC, 24 Hour Fitness USA, Inc., among others. These players are set to bolster the development of Weight Loss and Obesity Management market.

According to analysts at Zion Market Research, the global weight loss and obesity management market accounted for USD 195.5 Billion in 2020 and is expected to reach USD 335.7 Billion by 2028, growing at a CAGR of more than 7.6% from 2021 to 2028.

This review is based on a report by Zion Market Research, titled “Global Weight Loss and Obesity Management Market, By Diet (Meals, Beverages, Supplements), Equipment (Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Noninvasive Surgical Equipment), Service (Fitness Centers, Slimming Centers, Consulting Services, Online Weight Loss Programs): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”

Global Weight Loss and Obesity Management Market Size

Consumer preference towards health sector driving the market

One of the major factors driving the growth of the weight loss and obesity management market is the rise in the number of obese people around the world. The increase in the number of chronic diseases such as hypertension and diabetes, as a result of the adoption of unhealthy and sedentary lifestyle patterns, as well as the increase in the number of bariatric surgeries, is propelling the weight loss and obesity management market forward. People's increasing preference for junk food, physical inactivity, a hectic schedule, and rising stress levels are all contributing to an increase in fast food consumption, which has a negative impact on the weight loss and obesity management market. Furthermore, the weight loss and obesity management market is influenced positively by the growth of the food sector, increasing adoption of online weight loss and weight management programs, government initiatives to raise awareness, and rising disposable income in developing economies. Also, the rise in the rate of childhood obesity and emerging nations provide profitable opportunities for weight loss and obesity management market players.

Presence of Big Players in The Region Support North America Dominance

North America accounted for a share of 37.56% in 2020. Major factors supporting the growth of the weight loss and weight management market in this region include rising obesity and chronic disease incidence, rising awareness about nutrition and healthy lifestyles, growing number of fitness centers, and rising disposable income. Because of the growing population of overweight and obese people, a shift toward minimally invasive and noninvasive procedures, and an increase in the incidence of hypertension and diabetes, North America dominates the weight loss and obesity management market.

Asia Pacific is projected to grow at a CAGR of over 9.4% during the forecast period. China is the market leader in the weight loss monitoring market. This attributes to the increased awareness amongst individuals and increase in personal income. The rise in disposable income, increase in the number of diabetics, growing awareness of personal well-being, sedentary lifestyles, and the low cost of bariatric surgeries in this region are all factors contributing to this growth. Consumers in this area are more into the weight loss supplements, meal replacements and MRE (Meal Ready to Eat) foods.

Browse the full Global Weight Loss and Obesity Management Market, By Diet (Meals, Beverages, Supplements), Equipment (Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Noninvasive Surgical Equipment), Service (Fitness Centers, Slimming Centers, Consulting Services, Online Weight Loss Programs): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/weight-loss-obesity-management-market

The global weight loss and obesity management market is segmented as follows:

By Diet

  • Meals
  • Beverages
  • Supplements

By Device Type

  • Fitness Equipment
  • Cardiovascular Training Equipment
  • Strength Training Equipment
  • Fitness Monitoring Equipment
  • Body Composition Analyzers
  • Surgical Equipment
  • Minimally Invasive Surgical Equipment
  • Noninvasive Surgical Equipment

By Industry Type

  • Fitness Centers
  • Slimming Centers
  • Consulting Services
  • Online Weight Loss Programs

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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