What Factors Propelled The Growth Of The Weight Loss Products And Services Market In The Past?
The weight loss products and services market has seen considerable growth due to a variety of factors.
• The market size of weight loss products and services has witnessed significant growth in recent years. Its growth is projected to continue, rising from $327.11 billion in 2024 to $354.32 billion in 2025 with a compound annual growth rate (CAGR) of 8.3%. The historical growth can be linked to several factors such as the rise in obesity levels, enhanced health consciousness, fitness and wellness trends, the impact of social media, medical conditions and coexisting diseases, changing diet trends and preferences, the easy availability of information, and government initiatives.
How Will the Weight Loss Products And Services Market Size?
The Weight Loss Products And Services market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for weight loss products and services is expected to experience significant growth in the next few years and is forecasted to reach $513.94 billion by 2029 with a compound annual growth rate (CAGR) of 9.7%.
This growth in the predicted period is credited to factors such as personalized nutrition, the trend of working out at home, wellness programs in corporations, the use of genetic testing for weight management, regulatory support, and guidelines, and a focus on mental health. Key trends during this forecast period would include the digitization of weight management, the integration of fitness technology, weight management solutions based on DNA, incorporating cultural sensitivity and inclusivity, regulatory oversight, and transparency.
Which Factors Are Boosting Growth In The Weight Loss Products And Services Market?
The anticipated growth in the ageing population is set to fuel the market for weight loss products and services. This refers to the higher proportion of seniors resulting from shifts in the population's age structure. Weight loss products and services are beneficial to the elderly who are obese or overweight due to age-induced alterations in body composition, typified by a steady escalation in fat content and a decrease in lean mass and bone density. For instance, in October 2022, the World Health Organization, a US-based specialized health agency, predicted that globally, one out of six individuals will be 60 and above by 2030, and the number of people in this age group will double to 2.1 billion by 2050. Hence, the swelling ageing population is catalyzing the expansion of the weight loss product and services market.
What Key Areas Define The Segmentation Of The Global Weight Loss Products And Services Market?
The weight loss products and services market covered in this report is segmented –
1) By Products: Food, Beverage, Supplements, Other Weight Loss Products
2) By Services: Fitness Centers, Slimming Centers, Consultation Services, Other Services, Fat Replacers
3) By Sales Channel: Supermarkets And Hypermarkets, Convenience Stores, Retail Pharmacies, E-Commerce
Subsegments:
1) By Food: Low-Calorie Snacks, Meal Replacement Bars, Diet Frozen Meals
2) By Beverage: Weight Loss Shakes, Detox Teas, Low-Calorie Drinks
3) By Supplements: Herbal Weight Loss Supplements, Protein Supplements, Fat Burners
4) By Other Weight Loss Products: Weight Loss Devices, Fitness Equipment, Weight Management Apps And Programs
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How Are Emerging Trends Reshaping The Dynamics Of The Weight Loss Products And Services Market?
Advancements in technology and progress have emerged as a significant trend in the market for weight loss products and services. Key players in this market are exploiting the latest technology to safeguard their market share. For example, Herbalife Nutrition, a wellness and health company from the US, introduced the Fat Release in July 2022. This product, intended to assist customers in meeting their health and weight loss objectives, is composed of Litramine, a proprietary cactus fiber extracted from prickly pear. These convenient stick packs can be consumed within a two-hour window of eating fatty food, making it the perfect solution for instances when healthier alternatives are unavailable.
Who Are the Key Players In The Weight Loss Products And Services Market?
Major companies operating in the weight loss products and services market include:
• Abbott Laboratories
• Fitbit Inc.
• GlaxoSmithKline PLC
• Boehringer Ingelheim International GmbH
• Fresenius Kabi AG
• Glanbia PLC
• MuscleBlaze
• Gold's Gym International Inc.
• Hammer Nutrition Direct
• Jarrow Formulas Inc.
• Apollo Endosurgery Inc.
• WW Health Solutions
• Nutrisystem
• Jenny Craig Inc.
• Slimming World
• Atkins Nutritionals Inc.
• Medifast Inc.
• VLCC Healthcare Ltd.
• Curves International Inc.
• LA Fitness International LLC
• 24 Hour Fitness Worldwide Inc.
• Life Time Fitness Inc.
• Anytime Fitness LLC
• Equinox Holdings Inc.
• Crunch Fitness
• Orangetheory Fitness
• Noom Inc.
What Is The Most Dominant Region In The Weight Loss Products And Services Market?
North America was the largest region in the weight loss products and services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the weight loss products and services market report during the forecast period. The regions covered in the weight loss products and services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
