PUBLISHER: The Business Research Company | PRODUCT CODE: 1245773
PUBLISHER: The Business Research Company | PRODUCT CODE: 1245773
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“Weight Management Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on weight management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for weight management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The weight management market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
* The impact of higher inflation in many countries and the resulting spike in interest rates.
* The continued but declining impact of COVID-19 on supply chains and consumption patterns.
Major players in the weight management market are: Amer Sports Oyj, Apollo Endosurgery Inc., Atkins Nutritionals Inc., eDiets.com Inc., Ethicon Inc., Golds Gym International Inc., Herbalife Nutrition Ltd., Jenny Craig Inc., Johnson & Johnson Inc., The Kellogg Company, Nutrisystem, Technogym SPA, WW International Inc., Central Sports, Core Health & Fitness LLC, COVIDien, Life Extension, Medifast Inc., and Medtronic plc
The global weight management market grew from $311.24 billion in 2022 to $339.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The weight management market is expected to grow to $474.03 billion in 2027 at a CAGR of 8.7%.
The weight management market includes revenues earned by entities by healthy eating, physical activity, optimal sleep, and stress reduction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Weight management refers to a set of practices and behaviors required to keep weight at a healthy level. It involves a long-term strategy that promotes healthy eating and requires daily physical activity. The weight management is used in achieving a healthy weight and controlling cholesterol, blood pressure, and blood sugar, as well as preventing weight-related diseases.
North America was the largest region in the weight management market in 2022. The regions covered in the weight management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of diet covered in the weight management market are functional beverages, functional food, and dietary supplements. Functional beverages are nonalcoholic drinks containing vitamins, minerals, amino acids, probiotics, dietary fibers, and added raw fruits. The equipment involved fitness and surgical equipment. The various services include health clubs, consultation services, and online weight loss services.
The rapid adoption of online weight loss and management programs is expected to propel the growth of the weight management market going forward. Online weight loss and management program refers to a program that emphasizes healthy food, regular aerobic exercise, and cognitive behavioral therapy for long-term weight loss and management. Online weight loss and management programs help grow the weight management market by suggesting weight loss techniques, dietary changes, exercise programs, and behavior modifications. For example, in 2020 according to a report from the national library of medicine, a US-based biomedical library, a study was done on 840 patients, which showed that patients receiving an online weight management program lost more weight than those who followed the usual care. It resulted in a small but significant amount of weight loss. Therefore, the adoption of online weight loss and management programs is driving the weight management market.
Product innovations are a key trend gaining popularity in the weight management market. Companies operating in weight management are developing new products to strengthen their position in the market. For instance, in February 2022, Zeonutra, an Indian-based company manufacturing weight management products launched a slim plus product. This product is totally organic with unique organic vegan nutritional supplements that contain slimbiome. This can be used by vegan consumers and is helpful in the reduction of weight with natural supplements.
In January 2020, Providence St. Joseph Health, a subsidy of Providence Health and Services, a non-profit health care company, acquired HMR weight management services corp. from Merk for an undisclosed amount. With this acquisition, Providence adds a comprehensive weight management tool to its portfolio of health services while the HMR program is now reachable to nearly 1 million patients who receive care in Providence hospitals. Health Management Resources is a US-based company, that offers clinically proven weight loss programs and operates in the weight management market.
The countries covered in the weight management market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The weight management market research report is one of a series of new reports from The Business Research Company that provides weight management market statistics, including weight management industry global market size, regional shares, competitors with a weight management market share, detailed weight management market segments, market trends and opportunities, and any further data you may need to thrive in the weight management industry. This weight management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.