The global weight loss and obesity management market is expected to grow at a significant CAGR during the forecast period (2021-2027). The rising prevalence of obesity is driving the growth of the market. Obesity is a medical disorder characterized by the excessive accumulation and storage of fats within the body. The illness has a variety of effects on an individual’s health, including increased risk of chronic diseases and shortening one’s life expectancy. In these management programs, a variety of diets, gadgets, and medicines are used with the goal of regulating or reducing weight in obese people. The growth in the prevalence of chronic diseases like hypertension and diabetes, which are caused by the adoption of unhealthy and sedentary lifestyle patterns, as well as the increase in the number of bariatric procedures, is contributing to the growth of the market.
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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 favourably by the growth of the food industry, increasing acceptance of online weight loss and weight management programs, government initiatives to raise awareness, and rising disposable income in developing nations. Furthermore, in the forecast period, the growth in the rate of pediatric obesity offers an opportunity for weight loss and obesity management products. Weight loss and obesity management market growth is likely to be hampered by high costs associated with low-calorie diets. The weight loss and obesity management market in the US is expected to be challenged by an increase in the implementation of severe laws and norms.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered
- Regions Covered- Globally
- Competitive Landscape: Novo Nordisk A/S, Ajinomoto Co., Inc., Nestlé SA, and PepsiCo, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Weight Loss and Obesity Management Market Report Segmentation
By Diet
• Meals
• Beverages
• Drugs
• Supplements
By Equipment
• Fitness Equipment
• Cardiovascular Training Equipment
• Strength Training Equipment
• Others (Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment)
By Service
• Fitness Centers
• Slimming Centers
• Online Weight Loss Programs
• Others (Consulting services)
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