Weight Management Products Market size was valued US$ XX Bn in 2019 and the total revenue is expected to grow at 6.9% from 2019 to 2027, reaching nearly US$ 342.73 Bn by 2027.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
A range of weight management products has immersed in the market nowadays. The range is from food items to medical guides. They not simply help individuals to handle weight issues, for example, obesity and excessive weight gain, yet, in addition lower possibility of weight-related issues, for example, hypertension, diabetes, cardiovascular disorders, and so on. Probably, the most utilized weight management products are weight reduction supplements, meal replacement foods and shakes for weight reduction, and extracts, for example, creams and diet patches. The items are typically sold through markets and medicals.
The essential factors that are driving the weight reduction and weight management market are rise in obese population, rise in number of bariatric medical procedures, expanding reception of online weight reduction and weight management programs, growth in discretionary cashflow in developing economies, sedentary way of life, and rise in government activities for making mindfulness among obese populations.
With technological developments, bariatric operations have now became less painful for patients; so, these operations are presently progressively being acknowledged by the medical community as a successful and dependable option in contrast to other weight reduction strategies. This factor, combined with the quickly increasing obesity rates, has brought about rapid increase in the quantity of bariatric operations over the globe which is driving this market.
Medium-and low-pay families think that it’s hard to manage the cost of high-priced diet foods and beverages and onsite work out schedules, they for the most part select low-valued options, for example, acupuncture therapy acupressure therapy, and Ayurvedic therapies for weight reduction. Likewise, buyers are progressively moving towards no-cost or minimal effort options, which incorporate characteristic weight reduction alternatives like running and brisk walks; free-access online weight reduction regimens, programs, and books; and exercise recordings. These buyers add very minimal value to the weight reduction and weight management market, and the rising reception of ease/no-cost choices can additionally restrain the growth of this market.
North America is foreseen to hold the biggest market size in weight reduction and weight management market in forthcoming period, trailed by the European region. Factors like the developing rate of obesity and ongoing illnesses, increasing awareness about nutrition and healthy lifestyles, rising number of wellness focuses, and rising disposable income are the primary factors driving the development of the weight reduction and weight management market in this region.
Asia holds the 3rd position in weight reduction and weight management market and forecasted to be the expand at the highest CAGR in future. Factors adding to this growth incorporate because of the rising obese population, increase in disposable income, rise in the number of diabetics, developing awareness on personal well-being, sedentary ways of life, and the minimal effort of bariatric surgeries in this region.
The objective of the report is to present a comprehensive analysis of the Weight Management Products Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Weight Management Products Market dynamics, structure by analyzing the market segments and projects the Weight Management Products Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Weight Management Products Market make the report investor’s guide.
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Weight Management Products Market- Global Industry Analysis and Forecast(2023 – 2029)
Scope of the Weight Management Products Market
Weight Management Products Market, By Product Type
• Fat Burners
• Weight Gain Supplements
• Low Calorie Food and Beverages
• Meal Replacements
• Others
Weight Management Products Market, By Product Form
• Tablets
• Powder
• Liquid
• Others
Weight Management Products Market, By Distribution Channel
• Supermarkets/Hypermarkets
• Pharmacies
• Specialty Stores
• E-Commerce Retail
• Other Distribution Channels
Weight Management Products Market, By Service
• Fitness Centers
• Slimming Centers
• Consulting Services
• Online Weight Loss Programs
Weight Management Products Market, By Region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Weight Management Products Market
• Atkins Nutritional, Inc,
• Herbalife Ltd.,
• Nutrisystem Ltd.,
• Kellogg Company,
• Ethicon Inc,
• Covidien, plc,
• Apollo Endo-surgery,
• Olympus Corporation,
• Brunswick Corporation,
• Amer Sports,
• Johnson Health Technology, Ltd,
• Cybex International,
• Technogym SpA
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