The global weight loss and obesity management market is expected
to rise to an estimated value of USD 299.14 billion by 2026 registering a
substantial CAGR of 6.70% in the forecast period of 2019-2026. This rise in the
market can be attributed to the rising pace of obesity and chronic diseases,
technological advancements and the rising intake of junk food. Global Weight Loss
and Obesity Management Market By Diet (Meals, Beverages,
Supplements), Equipment (Fitness, Surgical), Service (Fitness Centers and
Health Clubs, Slimming Centers and Commercial Weight Loss Centers, Consulting
Services, Online Weight Loss Programs), Service (Fitness Centers and Health
Clubs, Slimming Centers and Commercial Weight Loss Centers, Consulting
Services, Online Weight Loss Programs), Geography (North America, South
America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends &
Forecast to 2026
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Some of the major market competitors currently working in the
weight loss and obesity management market are Ajinomoto Co.,Inc., Herbalife
International of America, Inc., Nestlé SA, PepsiCo, Johnson Health Tech., THE
COCA-COLA COMPANY, Nutrisystem, Inc., Mayo Foundation for Medical Education and
Research (MFMER)., Zafgen, Inc., WW International, Inc., Jenny Craig, Diet
Health, Inc., VLCC, 24 Hour Fitness USA, Inc., Life Time, Inc. Abbott.,
GlaxoSmithKline plc., F. Hoffmann-La Roche Ltd., Atkins Nutritionals, Inc.,
Brunswick, Kellogg NA Co., Merck & Co., Inc., Reebok International.,
Unilever, Precor Incorporated., ALLERGAN, Johnson & Johnson Services, Inc.,
Decathlon, Technogym, Apollo Endosurgery, Inc., Amer Sports, GOLD’S GYM, among
others.
Key Developments in the Market:
·
In April 2017, Conyers Park and Atkins, a leading seller of
nutritional food have entered into an affirmative agreement to form a new
holding company, The Simply Good Foods Company. This company is expected to
reach out to the masses with their health and dietary snacking space and
broader food category.
·
In March, 2018 Pepsico, the giant food and beverages company has
entered into an agreement to acquire the baked fruit and veggie snack maker,
Bare Foods. With this acquisition, Pepsico expands its product portfolio to
include dietary and healthy food, which is less processed, thereby entering the
dietary and nutritional food segment. With a giant house life Pepsico, entering
into the diet food segment, this market is bound to grow significantly in the
forecasted period.
Market Definition: Global
Weight Loss and Obesity Management Market
Obesity it is a medical condition when excessive accumulation and
storage of fats happen within the body. It impacts the health of an individual
in several ways, by increasing the likelihood of chronic diseases and thereby
reducing the life expectancy of individuals. The weight loss and obesity
management market would include all those equipment’s, diets, devices and drugs
that would be utilized for controlling or reducing weight in obese individuals.
Market Drivers
·
The rising pace of obesity is creating the need for obesity
management and weight loss programs
·
Increase in the technological advancement for treatment of obesity
and weight loss
·
Increasing personal disposable income
·
Increasing number of chronic diseases
·
Rising intake of high-calorie junk food and beverages especially
among children and women
·
The fast growth of the fast food industry is resulting in the
adoption of unhealthy lifestyles
·
Reduction in the level of physical activities due to growing
luxury, which reduce the need for movement
·
Increasing awareness about healthy lifestyle, and the benefits of
remaining healthy
·
Increasing government initiatives in the form of programs launched
to ensure health lifestyle of people contribute to the growth of this market
·
Introduction of new and innovative products to deal with obesity
and weight loss problems.
Market Restraints
·
High cost of the obesity program, post obesity program
·
Harmful effects and complications of obesity programs hampers the
growth of this market
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Segmentation: Global Weight
Loss and Obesity Management Market
By Diet
·
Meals
o Meal
Replacements
o Low-Calorie
Sweeteners
o Low-Calorie
Food
o Organic
Food
·
Beverages
o Diet Soft
Drinks
o Herbal
Tea
o Slimming
Water
o Other
Low-Calorie Beverages
·
Supplements
o Protein
Supplements
o Fiber
Supplements
o Green Tea
Extract
o Conjugated
Linoleic Acid
By Equipment
·
Fitness Equipment
o Cardiovascular
Training Equipment
§ Treadmills
§ Elliptical
Trainers
§ Stationary
Cycles
§ RoWing
Machines
§ Stair
Steppers
§ Other
Cardiovascular Training Equipment
o Strength
Training Equipment
§ Single-Station
Equipment
§ Plate-Loaded
Equipment
§ Benches
and Racks
§ Multistation
Equipment
§ Free
Weights
§ Accessories
o Fitness
Monitoring Equipment
o Body
Composition Analyzers
·
Surgical Equipment
o Minimally
Invasive Surgical Equipment
§ Gastric
Bypass Surgery Equipment
§ Laparoscopic
Sleeve Gastrectomy Equipment
§ Laparoscopic
Adjustable Gastric Banding Systems
§ Biliopancreatic
Diversion Surgery/Duodenal Switch Equipment
§ Revision
Surgery Equipment
o Noninvasive
Surgical Equipment
§ Intragastric
Balloon Systems
§ Endobarrier
Devices
§ Endosuturing
Devices
§ Stomaphyx
·
Repair Procedures
o Closure
Procedures
o Annuloplasty
o Valvuloplasty
o TMVR
Procedures
By Service
·
Fitness Centers and Health Clubs
·
Slimming Centers and Commercial Weight Loss Centers
·
Consulting Services
·
Online Weight Loss Programs
By Geography
·
North America
·
South America
·
Europe
·
Asia-Pacific
·
Middle East and Africa
Competitive Analysis:
Global Weight Loss and Obesity Management Market
Global weight loss and obesity management market is highly
fragmented and the major players have used various strategies such as new
product launches, expansions, agreements, joint ventures, partnerships,
acquisitions, and others to increase their footprints in this market. The
report includes market shares of weight loss and obesity management market for
Global, Europe, North America, Asia Pacific, South America and Middle East
& Africa.
Reasons to Purchase this Report
·
Current and future of global weight loss and obesity management
market outlook in the developed and emerging markets
·
The segment that is expected to dominate the market as well as the
segment which holds highest CAGR in the forecast period
·
Regions/Countries that are expected to witness the fastest growth
rates during the forecast period
·
The latest developments, market shares, and strategies that are
employed by the major market players
Customization of the Report:
·
All segmentation provided above in this report is represented at
country level
·
All products covered in the market, product volume and average
selling prices will be included as customizable options which may incur no or
minimal additional cost (depends on customization)
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