Weight Loss & Diet Management Products & Services Market
Global weight loss & diet management products & services market was valued at US $ 506.3 Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2017 to 2023.
Market Outline: Weight Loss & Diet Management Products & Services Market
Healthy eating is one of the best things you can do to prevent and control health problems. Weight loss refers to reduction of the total body mass owing to the loss of fluid, body fat, etc. Weight loss can occur due to malnourishment or an underlying disease. Intentional weight loss is called as slimming. Weight loss due to reduction of calorific intake or exercise is called as cachexia.
Market Dynamics: Weight Loss & Diet Management Products & Services Market
Change in lifestyles is the key factor driving the growth of the weight loss & diet management products & services market. Increase in the prevalence of obesity is another major factor attributing the growth of the market. According to the World Health Organization (WHO), the prevalence of overweight among adults in 2016 is 39% of women and 39% of men aged 18 and over were overweight. The increasing consumption of unhealthy food is adding fuel for the growth of the market. Growing health concerns among the people is anticipating the growth of the market. The soaring popularity of the supplements, shake mix, tablets, and capsule that help in the weight. However, the high cost of the products is likely to hamper the growth of the market. The stringent government regulations are hindering the growth of the market.
Market Scope: Weight Loss & Diet Management Products & Services Market
Weight loss & diet management products & services market is segmented based on the product type, weight management equipment, weight management services, and distribution channel
Based on the product type, the market is segmented into the following:
1. Weight loss supplements
- Diet pills
- Other supplements
2. Green tea
3. Low-calorie sweeteners
4. Meal replacements
Based on the weight management equipment, the market is segmented into the following:
1. Surgical equipment
- Minimally invasive/Bariatric equipment
- Noninvasive surgical equipment
2. Fitness equipment
- Cardiovascular training equipment
- Strength Training equipment
- Others
Based on the weight management services, the market is segmented into the following:
- Consultation services
- Online weight loss services
- Fitness centers
- Sliming centers
Based on the distribution channels, the market is segmented into the following:
- Health and beauty stores
- Online distribution
- Others
Regional Analysis: Weight Loss & Diet Management Products & Services Market
Geographically, global weight loss & diet management products & services market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America weight loss & diet management products & services market is growing due to increase in the prevalence of obesity and overweight. According to the World Health Organization (WHO), the percent of adults aged 20 and over with obesity were 37.9% (2013-2014) and the percent of adults aged 20 and over with overweight, including obesity were 70.7% (2013-2014). Europe weight loss & diet management products & services market follows north America region. According to the World Health Organization (WHO), as per the country estimates for 2008, over 50% of both men and women in the WHO European Region were overweight, and roughly 23% of women and 20% of men were obese. The Asia Pacific region is projected to be fastest growing market. According to the Centers for Disease Control and Prevention (CDC), the percent of men aged 20 and over with obesity were 11.7% (2011-2014) and the percent of women aged 20 and over with obesity were 11.9% (2011-2014).
Competition Assessment: Weight Loss & Diet Management Products & Services Market
Some of the players in the global weight loss & diet management products & services market include:
- BRUNSWICK CORPORATION (U.S)
- Ethicon US, LLC (U.S)
- Herbalife International, Inc. (U.S)
- NutriSystem, Inc. (U.S)
- Weight Watchers International, Inc. (U.S)
Notable Market Developments: Weight Loss & Diet Management Products & Services Market
- In May 2018, Cargill has launched new Zero-Calorie Sweetener made with only Reb M and Reb D from Stevia
