Weight Management Market Size, Share & Trends Analysis Report By Function (Diet, Fitness Equipment, Surgical Equipment, Services), By Region (APAC, North America) And Segment Forecasts, 2022 - 2030

Report Overview

The global weight management market size was valued at USD 132.7 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 9.7% over the forecast period. The market growth can be attributed to the rising volumes of bariatric surgeries, rapid adoption of online weight loss & management programs, growth in disposable income levels in developing countries, increasing government initiatives for creating awareness about weight management, and growing cases of obesity due to sedentary lifestyles. According to the Institute of Health Metrics and Evaluation, 30.0% of the world’s population is either obese or overweight. Obesity poses an enormous challenge for the developed countries and the lower & middle-income countries.

The overweight and obese population report a high prevalence of chronic diseases including diabetes, hypertension, and orthopedic diseases. Thus, the growing obese population is driving the market growth. The penetration of childhood obesity is growing throughout the world due to factors, such as unhealthy eating habits and a lack of physical activity. The percentage of childhood obesity cases that occurred due to hormonal problems is very low. As per the article published by Narayana Health, India reported about 14.4 million cases of obesity in children, which is the second-highest number of obese children in the world.

Due to the increasing number of hours in front of televisions and computers, there is a significant rise in inactive hours. Overweight or obese children have higher chances of having chronic diseases at an early age. Increasing consumption of junk food, physical inactivity, and the growing fast-food industry are leading to an unhealthy & sedentary lifestyle, which results in weight gain. In addition, increasingly hectic routines and growing stress are causing people to consume fast foods, which is leading to untoward health effects. Thus, all these factors together are fueling the market growth. Rapid globalization and digitalization are ensuring easier access to information about the repercussions of being overweight.

This is leading to increased awareness about various weight management solutions, such as diet meals, beverages & supplements, exercise, and surgical procedures. An increase in the prevalence of chronic diseases due to rapid urbanization and changing lifestyles has contributed heavily to the growth of the market. People, to avoid getting diseases associated due to a lack of physical activity, are increasingly opting for weight management products and services. The COVID-19 pandemic has had a negative impact on the market. There was a decline in the sales of products & services as consumers were focusing on the purchase of essential goods.

COVID-19 weight management market impact: a decline of 10.0% market growth between 2019 and 2020

Moreover, the temporary closure of gyms, fitness centers, health clubs, and sports institutes negatively impacted the market growth. However, online sales increased rapidly in 2020 due to the increased awareness about the importance of having a healthy lifestyle and overall wellbeing. The availability of a wide range of products in different forms including Ready-to-Drink (RTD) beverages, bars, gels, and powders is projected to drive the market. Manufacturers are adding innovative flavors and functional ingredients to enhance the nutritional value of their products. For instance, brands are adding natural ingredients, caffeine, and low-sugar contents to RTD products. For, instance, Life Extension, in April 2022, launched Waistline Control, which helps in reducing the waistline.

Function Insights

On the basis of functions, the global market has been further categorized into diet, fitness equipment, surgical equipment, and services. The diet function segment dominated the market in 2021 and accounted for the maximum share of about 75.2% of the global revenue. Diet includes meals, beverages, and supplements. Diet is gaining popularity as a solution for weight loss and management in developed as well as developing countries. Meals containing the right amounts of proteins & fibers and a lesser amount of carbohydrates are considered an effective method of weight management.

The trend of customized and personalized diet plans as per the patient’s physiological conditions is encouraging people to opt for diet meals. Beverages, including green tea and sliming waters containing catechins & antioxidants, help in improving the metabolism, thereby contributing to the reduction of stubborn fat. The easy availability and high acceptance of these products are expected to drive the growth of the beverage sub-segment during the forecast period. Supplements include protein mixes, herbal powders, tablets, and capsules. The easy availability of these products is expected to drive the growth of this sub-segment.

Regional Insights

Asia Pacific was the dominant regional market in 2021 and accounted for the maximum revenue share of more than 84%. The regional market is estimated to retain its leading position growing at the fastest CAGR during the forecast period. The market growth is attributed to the growing overweight & obese population and the increasing incidence of hypertension & diabetes. In addition, a paradigm shift toward minimally invasive and non-invasive procedures is propelling the market growth. Other factors responsible for the market growth include the rising awareness about the available alternatives for weight loss and management.

The increasing popularity of diet plans and fitness centers is further anticipated to trigger the regional market growth. North America is projected to have a substantial growth over the forecast period owing to the alarming rise in obesity cases in the U.S. For instance, as per the data of the CDC, obesity prevalence rate in the U.S. for the years 2017-2018 was 42.4%. The growing sedentary lifestyle along with unhealthy eating habits is causing significant growth in the cases of obesity and related health issues.

This has led to a rising percentage of the population opting for gyms and wellness centers. Moreover, the presence of major market players in North America and the easy availability of products is also expected to drive the regional market. The rising demand for natural, plant-based supplements in North America is further creating opportunities for key players to develop new products. Europe accounted for a considerable revenue share in 2021. Higher consumer awareness and per capita disposable income in developed countries like France, Germany, and the U.K. are expected to drive the market over the forecast period.

Key Companies & Market Share Insight

The key participants in the market are devising various strategic initiatives to expand their business footprint and gain a competitive edge in the market. Key players are focusing on strategic initiatives, such as mergers & acquisitions, technological collaborations, partnerships, funding & investments, and innovative product developments & launches to expand their expertise & product portfolio. For instance, in February 2022, Cult.fit acquired a majority stake in the Gold’s Gym fitness centers chain across India. Some of the key players in the global weight management market include:

• Herbalife International, Inc.

• NutriSystem, Inc.

• Weight Watchers International, Inc.

• eDiets.com

• Brunswick Corp.

• Life Extension

• Ethicon US, LLC: Ethicon Endo-surgery, Inc.

• Apollo Endosurgery Inc.

• Kellogg Company

• Technogym

• Atkins Nutritionals, Inc

• Covidien

• Jenny Craig, Inc.

• Gold’s Gym International, Inc.

• Nu Skin Enterprises

• Now Health Group, Inc.

• Vitaco Health Limited

• Cargill, Inc.

• Nutrisystem, Inc.

• Amer Sports

• Johnson Health Tech

• Amway

• GNC Holdings, Inc.

Weight Management Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the subsegments from 2016 to 2030. For the purpose of this study, Grand View Research, Inc. has segmented the global weight management market report on the basis of function and region:

• Function Outlook (Revenue, USD Million, 2016 - 2030)

  • Diet

    • Meals

    • Beverages

    • Supplements

      • Proteins

      • Fibers

      • Green tea extract

      • Conjugate linoleic acid

      • Green coffee

      • L-carnitine

  • Fitness equipment

    • Cardiovascular training equipment

      • Treadmills

      • Elliptical trainers

      • Stationary cycles

      • Rowing machines

      • Stair steppers

      • Other cardiovascular training equipment

    • Strength training equipment

      • Single station equipment

      • Plate loaded equipment

      • Benches and racks

      • Multistation equipment

      • Free weights

      • Accessories

    • Minimal invasive surgical equipment

      • Gastric bypass equipment

      • Laparoscopic sleeve gastrectomy equipment

      • Laparoscopic adjustable gastric banding systems

      • Biliopancreatic diversion surgery/duodenal switch equipment

      • Revision surgery equipment

    • Noninvasive surgical equipment

      • Intragastric balloon systems

      • Endobarrier

      • Endosuturing devices

      • Stomaphyx

    • Others

  • Services

    • Fitness centers

    • Sliming centers

    • Consultation services

    • Online weight loss service

• Regional Outlook (Revenue, USD Million, 2016 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • Spain

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Taiwan

    • Singapore

    • New Zealand

    • Hong Kong

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • South Africa

    • Israel