Weight Loss Market Trends, Industry Size, Share, Growth and Report 2023-2028
The latest report by IMARC Group, titled “Weight Loss Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global weight loss market trends. The global market is expected to exhibit a growth rate (CAGR) of 8.3% during 2023-2028.
Weight loss refers to the process of decreasing body weight, typically by shedding excess fat and, in some cases, muscle or water weight. It is often pursued for health reasons, including improving well-being and reducing the risk of obesity-related conditions such as heart disease, diabetes, and joint problems. It involves a combination of dietary changes, increased physical activity, and medical interventions. Caloric restriction, where an individual consumes fewer calories than they burn, is a fundamental principle of weight loss that can be accomplished through a balanced diet that emphasizes whole foods, fruits, vegetables, lean proteins, and whole grains. Additionally, physical activity is essential in weight loss to enhance metabolism and burn calories. For instance, regular exercise, such as cardio workouts, strength training, and flexibility exercises, helps individuals create a calorie deficit and improve their body composition. Nowadays, medical interventions, including weight loss surgery or prescription medications, are recommended for individuals with severe obesity or related health issues.
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Weight Loss Market Trends and Drivers:
The weight loss market is primarily driven by the growing prevalence of obesity and related health concerns. In many countries, including the United States, the rate of obesity has steadily increased over the years, which gathered attention from health professionals, policymakers, and individuals seeking solutions to combat excess weight. As a result, there is a growing demand for weight loss programs, products, and services to address this pressing health issue. Moreover, several advancements in technology allow for the development of innovative weight loss solutions, including mobile apps, wearable fitness devices, and online platforms, making it easier for individuals to monitor their progress and access personalized weight loss plans, representing another major growth-inducing factor. Besides this, the increasing awareness of the importance of a healthy lifestyle with easy access to information through the internet and social media allows individuals to become more aware of the benefits of maintaining a healthy weight to improve their overall well-being and reduce the risk of obesity-related diseases which is accelerating the market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Diet:
- Supplements
- Meals
- Beverages
Breakup by Equipment Type:
- Fitness Equipment
- Cardiovascular Equipment
- Strength Training Equipment
- Others
- Surgical Equipment
- Minimally Invasive/ Bariatric Equipment
- Non-Invasive Equipment
Breakup by Service:
- Fitness Centers and Health Clubs
- Consulting Service
- Surgical Clinics
- Online Weight Loss Programs
- Others
Breakup by Gender:
- Men
- Women
Breakup by Age Group:
- Below 15 Years
- 15 to 30 Years
- 31 to 60 Years
- Above 60 Years
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape with Key Players:
- Apollo Endosurgery Inc.
- Brunswick Naturopathy
- Gold’s Gym International Inc.
- Herbalife Nutrition Ltd.
- Jenny Craig Inc.
- Johnson & Johnson
- Johnson Health Tech. Co. Ltd.
- Kellogg Company
- Medtronic plc
- Nutrisystem Inc.
- TECHNOGYM S.p.A
- The Simply Good Foods Company
- WW International Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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