The global weight control market is anticipated to grow at a CAGR of 7.0% during the forecast period (2022-2028).Weight control has presently become a medical necessity more than a personal choice. Overweight or obesity in itself is the major causes of underlying health issues. This is one of the key driving factors leading to the market growth. In the US, it is estimated that 93 million adults are obese or clinically obese with a body mass index (BMI) of 30 or more. Globally, over 650 million people are considered as obese. These numbers suggest the effective solutions to deal with obesity are weight control management. Among the several methods available, weight loss medications are likely to hold a substantial market share in the future years. By suppressing hunger and improving metabolism, these medications support in reducing obesity while also improving the fitness.
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Further, a substantial rise in the awareness levels about weight control and good nutrition are also anticipated to surge the overall market growth. As a result, various health authorities are approving these drugs as safe for the global population. For instance, the US FDA approved a medication, named Semaglutide, that promotes weight loss in overweight or obese individuals in June 2021. Semaglutide induces weight loss by reducing appetite and boosting feelings of fullness, allowing people to eat less and consume fewer calories. In the US, Novo Nordisk introduced the medicine under the brand name Wegovy. This medicine is alleged to have the potential to significantly alter patient care in the area of weight control.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Product
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Abbott Laboratories, Amway Corp., and Nestlé S.A.among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Weight Control Market Report by Segment
By Type
- Replacement Foods
- Fat Burners
- Appetite Suppressants
- Diet Food and Beverages
By Product
- Low-Calorie/Diet Beverages
- Meal Replacements
- Green Tea and Supplements
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