Global Weight Loss and Obesity Management Market Overview:
Weight loss is a reduction in weight because of the intentional diet, workout, and involuntary conditions. Also, most occurrences of weight loss are because of deficiency of muscle to fat ratio and draining of protein and different substances in the body. Obesity management is the maintenance of the body weight and prevention of regaining the lost weight with the proper balance of nutrition and preventing dietary deficiencies. Weight loss and obesity management is a target for most people to achieve and adopt a healthy lifestyle and reduce the risk of developing diabetes or lowering blood pressure. With obesity management, an individual prevents conditions that impact the health in different ways such as declining the life expectancy of an individual and risk of chronic diseases. Thus, to control and reduce the weight, various diet plans, devices, and drugs are used to the management of these programs
As per latest study released by AMA Research, the Global Weight Loss and Obesity Management market is expected to see growth rate of 7.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growth of healthy food sector and growing adoption of online weight loss and weight management programs and Growing awareness about health and fitness and demand for a healthy diet
Market Growth Drivers:
The increase in the rate of obese population across the globe and The increase in preference for junk food, physical inactivity, and hectic routine
Challenges:
Creation of awareness about obesity management in rural areas and Companies must follow the guidelines regarding the marketing and promoting dietary suppliant
Restraints:
High cost of low-calorie diets and healthy food and The negative impact of content used in the low-calorie food and beverages
Opportunities:
Development of new products which are helping to prevent obesity and Development of new guidelines regarding the utilization of different techniques for weight loss
Competitive Landscape:
The companies in the market are developing a new system for obesity management and trying to deliver a better user experience to the customers. Also, leading organizations are making some strategic partnerships and collaborations with fitness firms and providing a proper diet with fitness to the customer.
Some of the key players profiled in the report are Ajinomoto Co. Inc. (Japan), Herbalife International of America, Inc. (United States), PepsiCo (United States), Johnson Health Tech (United States), Nutrisystem, Inc. (United States), Mayo Foundation for Medical Education and Research (MFMER) (United States), Zafgen, Inc. (United States), WW International, Inc. (United States), Jenny Craig (United States) and 24 Hour Fitness USA, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Life Time, Inc. (United States), Abbott (United States), GlaxoSmithKline plc (United Kingdom), F. Hoffmann-La Roche Ltd (Switzerland) and Merck & Co., Inc. (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Weight Loss and Obesity Management market by 2030. Considering Market by By Diet, the sub-segment i.e. Meals will boost the Weight Loss and Obesity Management market. Considering Market by By Equipment, the sub-segment i.e. Fitness Equipment will boost the Weight Loss and Obesity Management market.
Latest Market Insights:
In 2023, a strategic partnership has been announced between PRISTYN CARE, a healthcare service provider, and Allurion, a company that specializes in developing medical devices for weight loss. Through this partnership, the two companies aim to offer a comprehensive platform for obesity care and weight-loss solutions.
On 27 Aug 2020, WW International, Inc., a global wellness company powered by the world's leading commercial weight management program, announced that it has collaborated with Amazon for the launch of Amazon Halo, a health and wellness membership and wearable device that uses technology to provide personal wellness insights. The collaboration cements WW as a brand at the forefront of tech innovation and underscores the shared commitment of each company to help members build habits to live healthier lives.
Food and Drug Authority (FDA) regulates dietary supplements under a different set of regulations than those covering "conventional" foods and drug products. FDA is responsible for taking action against any adulterated or misbranded dietary supplement product after it reaches the market.
What Can be Explored with the Weight Loss and Obesity Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Weight Loss and Obesity Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Weight Loss and Obesity Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Weight Loss and Obesity Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Weight Loss and Obesity Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Heath Research Institutions, Fitness Institutions, Healthcare Sector, Industrial Associations, Government Regulatory Bodies and Government Research Institutions.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.