[307 Pages Report] Exhibiting a CAGR of 7.7%, the global weight management market is expected to garner US$ 725.6 Billion during the forecast period from 2022 to 2032. The growing adoption of a sedentary lifestyle is anticipated to drive the demand for an efficient weight management system.
From 2021-2022, the market inclined at a Y-o-Y growth rate of 8.3% to reach US$ 345.5 Billion. As of 2021, the market for weight management was valued at US$ 319 Billion.
| Attributes | Details |
|---|---|
| Weight Management Market CAGR (2022 to 2032) | 7.7% |
| Weight Management Market (2022) | US$ 345.5 Billion |
| Weight Management Market (2032) | US$ 725.6 Billion |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
A Growing Awareness of Healthy Lifestyles among Consumers
As consumers become more aware of healthy eating, they are more inclined to adopt healthy eating habits, which reflects in their buying behavior. Due to their mostly sedentary lifestyles and unhealthy eating habits, obesity has become a concern among consumers today.
A growing number of consumers are looking for supplements that are effective at losing weight. Weight management products can fulfill this demand by providing support for losing weight along with other nutrients for overall health. Consequently, the weight management market will continue to grow during the forecast period.
Promoting Preventive Health and Weight Loss Products to Increase Consumer Awareness
A fast-paced lifestyle and technological advancements have resulted in unhealthy lifestyle choices that have resulted in increased health problems. The desire to live longer and be healthier is one of the main drivers for the adoption of preventive health measures. Since consumers are increasingly obese, cardiovascular diseases and heart problems are on the rise. Therefore, preventive care is becoming a necessity to assist them in living healthier life.
With the advent of early diagnosis through the Internet and home monitoring devices, patients have been able to intervene earlier and address their health issues more effectively. A growing trend toward preventive healthcare has led to an increase in the consumption of dietary supplements and changes in daily routines. It is therefore expected that weight loss supplements will witness growing demand as preventive health measures.
The growing prevalence of obesity among the expanding population is expected to propel the market expansion during the forecast period. As per the World Obesity Atlas 2022, one billion people globally, including 1 in 5 women and 1 in 7 men, will be living with obesity by 2030.
This significant rise in the number of obese patients is anticipated to drive demand for an efficient weight management system. Further, growing awareness about weight management and obesity among developing nations is expected to drive market growth in the coming period.
The growing prevalence of obesity-related orders such as diabetes and cardiovascular diseases has generated demand for weight management systems. Thus, players such as Novo Nordisk, and Pfizer Inc., among others are making a significant investments to develop drugs that may help in fighting such health conditions. Novo Nordisk has seven pipeline candidates indicated against obesity, which are at the developing stages.
Rising collaborations of companies with each other are expected to strengthen the market growth during the forecast period. For instance, in September 2019, Currax Pharmaceutical announced the acquisition of Nalpropion Pharmaceuticals.
This acquisition resulted in the addition of Contrave anti-obesity medication to Currax’s product portfolio. In another occurrence, in November 2019, Novo Nordisk collaborated with UNICEF to prevent children from obesity. Such partnerships among players are expected to benefit the industry growth during the forecast period.
Principal Consultant
Key players are investing in strategic initiatives, such as mergers & acquisitions, technological collaborations, partnerships, funding & investments, and innovative product development & launches to expand their expertise & product portfolio. As an example, Cult.fit acquired a majority stake in Gold's Gym's chain of fitness centers in the country in February 2022.
The process of weight management also involves maintaining a constant weight over time. Weight management companies that are innovating in protein powders have increased their business opportunities. The fitness center brand Fitness First, based in Hong Kong, offers a wide range of award-winning nutrition supplements and protein powders.
“Growing obesity cases along with increasing health concerns among the baby boomers and Gen-X, the market is expected to witness significant growth opportunities during the forecast period.”
The increasing volume of bariatric surgeries and growing adoption of online weight loss & management programs are expected to affect the market positively during the forecast period. As per the Institute of Health Metric and Evaluation, 30% of the world’s population is obese. Obese is one of the major health challenges in developed and developing countries.
The growing popularity of personalized and customized diet plans as per a patient’s health condition is motivating people to opt for diet meals. Supplements such as protein mixes, capsules, tablets, and herbal powders. The ease of availability is anticipated to strengthen the industry growth in the forecast period.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The increasing popularity of fitness centers and diet plans among developing nations is expected to offer significant opportunities for market expansion during the forecast period. The Gen X population is more likely to consume health clubs, which have also been identified as a potential target audience.
Further, aging baby boomers are likely to sign up for health club memberships owing to the prevalence of various long-term ailments such as; diabetes, obesity, and others, which is expected to benefit the industry during the assessment period. Health clubs offer various specialty exercise services, programs, and equipment, which is projected to widen the market size in the coming period. Some examples are Life Time Fitness Chanhassen, LA Fitness Irvine, and MN.
Additionally, the acquisitions among various fitness clubs are projected to soot the weight management market. For instance, in January 2022, Planet Fitness Inc. announced that it had inked an agreement to acquire Sunshine Fitness Growth Holdings LLC, the owner, and operator of more than 100 Planet Fitness clubs in the Southeast United States. Such initiatives are anticipated to develop the weight management system and boost the market expansion during the forecast period.
Other factors such as increasing equipment and facility spaces in fitness clubs, like hot yoga studios, metabolic testing equipment, and high altitude training rooms, among others are anticipated to offer remunerative opportunities to the weight management market in the forthcoming period.
Lack of awareness regarding obesity and the inability to afford premium health club memberships among developing countries are expected to impact the market negatively in the forthcoming period. As per IQVIA, only 2% of the total obese population is treated with prescribed medicines. Further, the presence of a limited number of market players is another cause hindering the expansion.
However, increasing disposable income and growing awareness about the available alternatives for weight loss and management can counter hampering factors and propel market expansion in the forecast period.
As per the analysis, the fitness equipment segment is anticipated to dominate the market while displaying a CAGR of 7.7% during the forecast period.
The growing inclination of Gen X towards body fitness, the increasing number of health clubs, and increasing disposable income are some of the salient factors driving the market growth during the forecast period. Developing nations are projected to play important role in driving the market in the coming period.
As per the analysis, by services, the fitness centers segment is expected to lead the market in the assessment period. The segment is projected to record a CAGR of 7.6% from 2022 to 2032.
The increasing popularity of diet plans and fitness centers among the growing population is projected to grow the market in the forecast period. Growing health concerns and rising obesity cases across the globe are expected to augment the market size in the forecast period.
According to the analysis, North America is anticipated to dominate the global weight management market during the forecast period. The U.S is projected to make the maximum contribution to developing the regional market. The country is estimated at US$ 250.2 Billion during the timeframe from 2022 to 2032.
Domination of the region can be attributed to the growing popularity of fitness centers in the States. Growing cases of obesity have generated a significant demand for an efficient weight management system, which will propel the market in the forecast period. Increasing collaborations among players in the region is another factor supporting market growth.
For instance, in 2019, Metro Detroit franchise owners opened a Crunch Fitness gym in Waterford Township in the United States. It is the company’s fifth fitness center to be set up, after its other branches in Farmington Hills, Westland, Dearborn, and Taylor. Owing to such factors, the market in North America is expected to flourish in the forecast period.
As per the analysis, APAC has been recognized as the most lucrative market during the forecast period. China is expected to lead the market in APAC, garnering US$ 48.8 Billion by the end of the timeframe from 2022 to 2032. The market is expected to develop significantly owing to the presence of expanding obese population in the region.
Also, a shift toward minimally invasive and non-invasive procedures is another factor boosting the expansion of the regional market. Further, growing awareness about the available alternatives for weight loss and management is another salient factor driving the market growth. Due to such factors, the market in APAC is expected to witness significant growth opportunities in the forecast period.
| Countries | Projected CAGR |
|---|---|
| USA | 7.1% |
| UK | 6.5% |
| China | 6.8% |
| Japan | 6.9% |
| South Korea | 6.7% |
Players in the global weight management market adopt various strategies to strengthen their foothold in the market. Some of the eminent players in the industry include Herbalife Nutrition Ltd., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Inc., and Brunswick Corporation.
Major Developments in the market are:
| Report Attributes | Details |
|---|---|
| Growth Rate | 7.7% CAGR from 2022 to 2032 |
| Market Value for 2022 | US$ 345.5 Billion |
| Market Value for 2032 | US$ 725.6 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
|
| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
| Report Customization & Pricing | Available upon Request |
The market is likely to register a CAGR of 7.7% through 2032.
The market is currently valued at US$ 345.5 Bn in 2022.
The market is likely to grow to a valuation of US$ 725.6 Bn by 2032.
North America is likely to be a leading market during the forecast period.
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Market, by Key Countries
4.2. Market Opportunity Assessment (US$ Mn)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015-2021 and Forecast, 2022-2032
6.1. Historical Market Analysis, 2015-2021
6.2. Current and Future Market Projections, 2022-2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015-2021 and Forecast, 2022-2032
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Diet
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Diet, 2015-2021
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Diet, 2022-2032
8.3.1. Meals
8.3.2. Beverages
8.3.3. Supplements
8.4. Market Attractiveness Analysis By Diet
9. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Equipment
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Equipment, 2015-2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Equipment, 2022-2032
9.3.1. Fitness equipment
9.3.2. Surgical equipment
9.4. Market Attractiveness Analysis By Equipment
10. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Services
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Services, 2015-2021
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Services, 2022-2032
10.3.1. Fitness centers
10.3.2. Sliming centers
10.3.3. Consultation services
10.3.4. Online weight loss services
10.4. Market Attractiveness Analysis By Services
11. Global Market Analysis 2015-2021 and Forecast 2022-2032, By Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2015-2021
11.3. Current Market Size (US$ Mn) & Analysis and Forecast By Region, 2022-2032
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Asia Pacific
11.3.5. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2015-2021 and Forecast 2022-2032
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
12.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
12.4.1. By Country
12.4.1.1. U.S.
12.4.1.2. Canada
12.4.1.3. Rest of North America
12.4.2. By Diet
12.4.3. By Services
12.4.4. By Equipment
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Diet
12.5.3. By Services
12.5.4. By Equipment
13. Latin America Market Analysis 2015-2021 and Forecast 2022-2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
13.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
13.4.1. By Country
13.4.1.1. Brazil
13.4.1.2. Mexico
13.4.1.3. Rest of Latin America
13.4.2. By Diet
13.4.3. By Services
13.4.4. By Equipment
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Diet
13.5.3. By Services
13.5.4. By Equipment
14. Europe Market Analysis 2015-2021 and Forecast 2022-2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
14.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. France
14.4.1.3. U.K.
14.4.1.4. Italy
14.4.1.5. Benelux
14.4.1.6. Nordic Countries
14.4.1.7. Rest of Europe
14.4.2. By Diet
14.4.3. By Services
14.4.4. By Equipment
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Diet
14.5.3. By Services
14.5.4. By Equipment
15. Asia Pacific Market Analysis 2015-2021 and Forecast 2022-2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
15.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
15.4.1. By Country
15.4.1.1. China
15.4.1.2. Japan
15.4.1.3. South Korea
15.4.1.4. Rest of Asia Pacific
15.4.2. By Diet
15.4.3. By Services
15.4.4. By Equipment
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Diet
15.5.3. By Services
15.5.4. By Equipment
16. Middle East and Africa Market Analysis 2015-2021 and Forecast 2022-2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2015-2021
16.4. Market Size (US$ Mn) & Forecast By Market Taxonomy, 2022-2032
16.4.1. By Country
16.4.1.1. GCC Countries
16.4.1.2. South Africa
16.4.1.3. Turkey
16.4.1.4. Rest of Middle East and Africa
16.4.2. By Diet
16.4.3. By Services
16.4.4. By Equipment
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Diet
16.5.3. By Services
16.5.4. By Equipment
17. Key Countries Market Analysis 2015-2021 and Forecast 2022-2032
17.1. Introduction
17.1.1. Market Value Proportion Analysis, By Key Countries
17.1.2. Global Vs. Country Growth Comparison
17.2. US Market Analysis
17.2.1. Value Proportion Analysis by Market Taxonomy
17.2.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.2.2.1. By Diet
17.2.2.2. By Services
17.2.2.3. By Equipment
17.3. Canada Market Analysis
17.3.1. Value Proportion Analysis by Market Taxonomy
17.3.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.3.2.1. By Diet
17.3.2.2. By Services
17.3.2.3. By Equipment
17.4. Mexico Market Analysis
17.4.1. Value Proportion Analysis by Market Taxonomy
17.4.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.4.2.1. By Diet
17.4.2.2. By Services
17.4.2.3. By Equipment
17.5. Brazil Market Analysis
17.5.1. Value Proportion Analysis by Market Taxonomy
17.5.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.5.2.1. By Diet
17.5.2.2. By Services
17.5.2.3. By Equipment
17.6. Germany Market Analysis
17.6.1. Value Proportion Analysis by Market Taxonomy
17.6.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.6.2.1. By Diet
17.6.2.2. By Services
17.6.2.3. By Equipment
17.7. France Market Analysis
17.7.1. Value Proportion Analysis by Market Taxonomy
17.7.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.7.2.1. By Diet
17.7.2.2. By Services
17.7.2.3. By Equipment
17.8. Italy Market Analysis
17.8.1. Value Proportion Analysis by Market Taxonomy
17.8.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.8.2.1. By Diet
17.8.2.2. By Services
17.8.2.3. By Equipment
17.9. BENELUX Market Analysis
17.9.1. Value Proportion Analysis by Market Taxonomy
17.9.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.9.2.1. By Diet
17.9.2.2. By Services
17.9.2.3. By Equipment
17.10. UK Market Analysis
17.10.1. Value Proportion Analysis by Market Taxonomy
17.10.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.10.2.1. By Diet
17.10.2.2. By Services
17.10.2.3. By Equipment
17.11. Nordic Countries Market Analysis
17.11.1. Value Proportion Analysis by Market Taxonomy
17.11.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.11.2.1. By Diet
17.11.2.2. By Services
17.11.2.3. By Equipment
17.12. China Market Analysis
17.12.1. Value Proportion Analysis by Market Taxonomy
17.12.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.12.2.1. By Diet
17.12.2.2. By Services
17.12.2.3. By Equipment
17.13. Japan Market Analysis
17.13.1. Value Proportion Analysis by Market Taxonomy
17.13.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.13.2.1. By Diet
17.13.2.2. By Services
17.13.2.3. By Equipment
17.14. South Korea Market Analysis
17.14.1. Value Proportion Analysis by Market Taxonomy
17.14.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.14.2.1. By Diet
17.14.2.2. By Services
17.14.2.3. By Equipment
17.15. GCC Countries Market Analysis
17.15.1. Value Proportion Analysis by Market Taxonomy
17.15.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.15.2.1. By Diet
17.15.2.2. By Services
17.15.2.3. By Equipment
17.16. South Africa Market Analysis
17.16.1. Value Proportion Analysis by Market Taxonomy
17.16.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.16.2.1. By Diet
17.16.2.2. By Services
17.16.2.3. By Equipment
17.17. Turkey Market Analysis
17.17.1. Value Proportion Analysis by Market Taxonomy
17.17.2. Value & Analysis and Forecast by Market Taxonomy, 2022-2032
17.17.2.1. By Diet
17.17.2.2. By Services
17.17.2.3. By Equipment
17.17.3. Competition Landscape and Player Concentration in the Country
18. Market Structure Analysis
18.1. Market Analysis by Tier of Companies
18.2. Market Concentration
18.3. Market Share Analysis of Top Players
18.4. Market Presence Analysis
18.4.1. By Regional footprint of Players
18.4.2. Product footprint by Players
19. Competition Analysis
19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
19.3.1. Herbalife Nutrition Ltd.
19.3.1.1. Overview
19.3.1.2. Product Portfolio
19.3.1.3. Sales Footprint
19.3.1.4. Strategy Overview
19.3.2. NutriSystem, Inc.
19.3.2.1. Overview
19.3.2.2. Product Portfolio
19.3.2.3. Sales Footprint
19.3.2.4. Strategy Overview
19.3.3. Weight Watchers International, Inc.
19.3.3.1. Overview
19.3.3.2. Product Portfolio
19.3.3.3. Sales Footprint
19.3.3.4. Strategy Overview
19.3.4. eDiets.com, Inc.
19.3.4.1. Overview
19.3.4.2. Product Portfolio
19.3.4.3. Sales Footprint
19.3.4.4. Strategy Overview
19.3.5. Brunswick Corporation
19.3.5.1. Overview
19.3.5.2. Product Portfolio
19.3.5.3. Sales Footprint
19.3.5.4. Strategy Overview
19.3.6. Gold's Gym International, Inc.
19.3.6.1. Overview
19.3.6.2. Product Portfolio
19.3.6.3. Sales Footprint
19.3.6.4. Strategy Overview
19.3.7. Amer Sports Oyji
19.3.7.1. Overview
19.3.7.2. Product Portfolio
19.3.7.3. Sales Footprint
19.3.7.4. Strategy Overview
19.3.8. Technogym
19.3.8.1. Overview
19.3.8.2. Product Portfolio
19.3.8.3. Sales Footprint
19.3.8.4. Strategy Overview
19.3.9. Jenny Craig, Inc.
19.3.9.1. Overview
19.3.9.2. Product Portfolio
19.3.9.3. Sales Footprint
19.3.9.4. Strategy Overview
19.3.10. Atkins Nutritionals Inc.
19.3.10.1. Overview
19.3.10.2. Product Portfolio
19.3.10.3. Sales Footprint
19.3.10.4. Strategy Overview
20. Assumptions and Acronyms Used
21. Research Methodology
Explore Healthcare Insights
View Reports
Weight Management Market
