Millennial population the world over is influenced to stay fit by maintaining healthy diets and practicing workouts. Increasing incidences of chronic diseases particularly cardio diseases, diabetes, and cancer are contributing to the growth of the weight loss market. As per IndustryARC, the opportunities in the global weight loss market, which was valued at $164 billion at the end of 2018, will increment a CAGR of 6.4% until 2025.
The report by IndustryARC, titled “Weight Loss and Weight Management Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019-2025,” provides an in-depth assessment of market overview, market size, drivers, trends, opportunities, competitive landscape, and strategic analysis of the global marketplace.
Weight Management Market: Leading Segments
Beverages has been acknowledged as a fastest growing segment among meals and supplements. It is set to grow at a moderate CAGR of 4.6% during the forecast period 2019-2025. Healthy lifestyle changes are attracting customers towards drinks that facilitate weight loss such as green Tea, coffee, vegetable juice, high-protein drinks, ginger tea, and apple cider vinegar drinks, black tea and water and are the most effective to blast belly fat. Intake of these low-calorie beverages increases metabolism and provides beneficial nutrients which include antioxidants to facilitate weight loss.
North America is dominating the global weight management market, and held a share of 38.9% in 2018. This can be attributed to increasing concern by almost half of the population regarding weight loss. Three women out of five, in the age group of 40 to 59 years, are attempting to lose weight over the former year. Awareness of the dangerous consequences linked to obesity are compelling the American population to follow healthy diets and exercise regularly.
Weight Loss Market: Disruptive Trends
In order to accelerate fat-burning, high-calorie beverages are replaced with low calorie beverages, which is boosting the weight loss market demand worldwide.
Novel equipment and gym machines which burn calories are leading to growth of the weight loss market. Fan bike, non-motorized curved tread mill, cardiovascular training equipment elliptical machine, ski machines, and StepMill by Stairmaster are popularly used machines for weight loss.
Weight loss is helpful in reducing arthritis pain, and in enhancing the quality of life, especially for adults. Thus, the benefits associated with weight management are leading to increased demand in the global weight loss market.
Weight Management Market: Competitive Landscape
Some of the key weight management market players are Atkins Nutritionals, Herbalife, Nutrisystem, Ethicon, Covidien, Apollo Endosurgery, Brunswick, Amer Sports, Johnson Health Technology, Technogym, Weight Watchers, Jenny Craig, eDiets.com, VLCC Healthcare, and Slimming World.
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