Global Weight Loss And Diet Management Market Pegged for Robust Expansion During 2018-2026
Global Weight Loss and Diet Management Market was valued US$ 52.93 Bn in 2017 and is expected to reach US$ 85.61 Bn by 2026, at a CAGR of 6.19 % during a forecast period.
The weight loss and diet management market is segmented into diet, application, and region.
Further, global weight loss and diet management market based on diet include better-for-you-food & beverages, weight loss supplements, meal replacements, low-calorie sweeteners, and others.
In terms of application segment, global weight loss and diet management market is classified into small retail, online distribution, multilevel marketing, large retail and health & beauty stores.
Based on regions, the global weight loss and diet management market is divided into five main regions are America, Europe, Asia-pacific, Latin America and Middle East & Africa.
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Rising obesity and increasing weight is always the primary concern regarding the health and fitness of people which is prompted the growth of the market.
Based on diet type, the dietary segment includes meals, beverages, and weight loss supplements. Dietary products accounted for the majority of the global demand owing to the rising diabetic, fat, and health-conscious people. Proper education by government agencies with the help of social media is led to increased consumer awareness towards new dietary patterns which may be attributed to high market penetration.
In terms of application, online fitness centers segment is expected to account for the largest share due to increasing awareness about health and fitness among the population, which has resulted in a significant increase in the number of health clubs and gyms across the globe. The online weight programs segment is projected to register the highest growth during the forecast period, due to the popularity of online programs offered through Internet subscriptions.
People are becoming more health conscious and continuously striving towards fitness and better healthcare is boosting the global weight loss and diet management market. With the continually increasing number of fitness centers and slimming centers, the products and services market is expanding at a rapid rate, and more users are getting associated with it to achieve a better and healthy lifestyle. Government initiatives and education on health risks of being overweight and hectic lifestyle also rise to the market growth.
Increasing preference towards low cholesterol, low fatty foods along with growing weight loss supplements demand globally is expected to drive diet management products and services market growth over the forecast period. Additionally, raising awareness among the individuals about health and fitness is certainly propelled the weight loss and diet management product & services requirement.
High prices of the product and services which are sometimes not affordable by single users are expected to remain a factor hindering weight loss and diet management products growth. Safety issues associated with the equipment along with the lack of consumer awareness in remote and suburban areas are anticipated to impact weight loss and diet management products growth.
On the basis of the region, North America dominated the global demand due to the vast availability of weight management products and better services provided by the industry players across the region. Increasing obesity issues among general consumers over the past few years is led to the high penetration of healthy food and dietary supplements in the region. Favorable government initiatives and funding along with increasing health membership services and rising consumer awareness regarding fitness are expected to direct future growth in the regional market.
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The major key player of global weight loss and diet management market are Weight Watchers, Abbott Nutrition, The Coca-Cola, Pepsico, Nutrisystem, Medifast, Kraft Foods, Kellogg, Herbalife Ltd, General Mills, Amylin Pharmaceuticals, Amer Sports Corp, Alpro Ltd, Ajinomoto Co, AIDP Inc, AHD International, and Acatris.
Scope of Global Weight Loss and Diet Management Market:
Global Weight Loss and Diet Management Market, by Diet:
• Better-For-You-Food & Beverages
• Weight Loss Supplements
• Meal Replacements
• Low-Calorie Sweeteners
• Others.
Global Weight Loss and Diet Management Market, by Application:
• Small Retail
• Online Distribution
• Multilevel Marketing
• Large Retail
• Health & Beauty Stores.
Global Weight Loss and Diet Management Market, by Region:
• North America
• Europe
• Middle East & Africa
• Asia Pacific
• Latin America
Key players operated in Global Weight Loss and Diet Management Market:
• Weight Watchers
• Abbott Nutrition
• The Coca-Cola
• Pepsico
• Nutrisystem
• Medifast
• Kraft Foods
• Kellogg
• Herbalife Ltd
• General Mills
• Amylin Pharmaceuticals
• Amer Sports Corp
• Alpro Ltd
• Ajinomoto Co
• AIDP Inc
• AHD International
• Acatris