The global weight management market reached a value of US$ 439 Billion in 2020. The market to grow at a CAGR of around 8% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, February 15, 2022 /EINPresswire.com/ — According to the latest report by IMARC Group, titled “Weight Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, The global weight management market reached US$439 Billion in 2020. Weight management refers to a defined set of practices that aids an individual in losing unwanted weight by adopting a healthy lifestyle and making required dietary changes. This enables individuals to maintain healthy body weight for preventing the chances of developing diseases associated with obesity and other eating disorders. Numerous nutritionists and health care professionals who are specialized in this field prescribe shifting to meal replacement diets and consuming low-calorie food, along with an efficient exercise program, to assist individuals in maintaining their weight in a proper manner without compromising on or adversely affecting their health.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Weight Management Market Trends:
The global market is majorly driven by the increasing health consciousness among the masses. With the rising obesity rates across the globe, a majority of the population is consulting nutritionists and healthcare professionals in order to learn the skills necessary for weight management. Moreover, there has been a significant rise in the incidences of lifestyle disorders, such as diabetes and cardiovascular disorders, due to the unhealthy lifestyles led by the masses and the increasing consumption of fast food on a regular basis. This has encouraged individuals to enroll in programs that offer weight management solutions to treat or prevent the development of such medical conditions. The market is further driven by the numerous initiatives undertaken by the governments of various countries to spread awareness regarding the importance of weight management. The increasing number of gyms and health clubs on the global level is also creating a positive outlook for the market. Some of the other factors contributing to the market growth include the uptake of weight-loss rising supplements, continual advancements in bariatric surgeries and the inflating disposable income levels of the masses. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of around 8% during 2021-2026.
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Competitive Landscape with Key players:
The report has also analyzed the competitive landscape of the market with some of the key players being.
• Herbalife International of America, Inc.
• NutriSystem, Inc.
• Weight Watchers International, Inc.
• Brunswick Corporation
• Ethicon Endo-surgery, Inc.
• Golds Gym International, Inc.
• Amer Sports Oyj
• Technogym SPA
• Jenny Craig Inc.
• Medtronic Inc.
• Kellogg Company
• Atkins Nutritionals Inc.
• Apollo Endosurgery Inc.
• Cyber International, Inc.
• Johnson & Johnson, Inc.
• ALPLA Werke Alwin Lehner GmbH & Co. KG
Weight Management Market Segmentation:
Our report has categorized the market based on region, diet, equipment and service.
Breakup by Diet:
• Functional Beverages
• Functional Food
• Dietary Supplements
Breakup by Equipment:
Breakup by Service:
• Health Clubs
• Consultation Services
• Online Weight Loss Services
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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