Weight Management Market Size, Share, Competitive Landscape and Trend Analysis Report by Function and Region: Global Opportunity Analysis and Industry Forecast, 2024-2033

The weight management market was valued at $146.1 billion in 2023 and is estimated to reach $378.5 billion by 2033, exhibiting a CAGR of 10.1% from 2024 to 2033.

Market Introduction

Weight management refers to the efforts taken by an individual to maintain a healthy body weight through lifestyle modifications such as balanced nutrition and regular physical activity. It involves not only achieving an appropriate weight for one's age, height, and sex, but also maintaining it over time. The significance of weight management lies in its role in promoting overall health and well-being. By maintaining a healthy weight, individuals can reduce their risk of chronic diseases such as diabetes, heart disease, and certain cancers. Moreover, it contributes to improved energy levels, mental well-being, and self-esteem.

Weight management encompasses various strategies tailored to individual needs, including dietary adjustments, exercise routines, and mindset shifts regarding food and eating habits. Seeking guidance from a nutritionist or health professional can provide personalized support and facilitate the adoption of sustainable lifestyle changes.

Key Takeaways

• The weight management market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($billion) for the projected period from 2024 to 2033.
• More than 1,500 product literatures, industry releases, annual reports, and other such documents of major weight management industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
• The study integrates high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach intends to provide a balanced view of global markets and assist stakeholders in making informed decisions in order to achieve their most ambitious growth objectives.

Industry Trends

• On May 02, 2024, a study published in PLOS ONE, part of Public Library of Science, suggested that combining time-restricted eating with high-intensity functional training may offer synergistic benefits for weight management and cardiometabolic health. Researchers found that participants following both interventions experienced significant weight loss and improvements in waist and hip circumference, as well as favorable changes in lipid and glucose levels. In addition, the diet + exercise group showed more profound improvements in body composition and cardiometabolic parameters compared to diet or exercise alone, indicating potential promise for integrated lifestyle interventions.
• As stated on March 29, 2024, in Financial Express, the leading Indian news platform, in India, where obesity is on the rise, increased awareness regarding weight management is considered essential to tackle the rising health challenge posed by lifestyle disorders. With the anticipated increase in obesity cases, pharmaceutical companies are gearing up to introduce novel weight loss drugs like Zepbound and Wegovy, offering hope for improved treatment options. Initiatives promoting awareness, such as patient support programs and awareness campaigns, aim to address this pressing health concern.
• In November 2023, the U.S. Food and Drug Administration (FDA) approved Zepbound (tirzepatide) injection for chronic weight management in adults with obesity or overweight and at least one weight-related condition. Zepbound activates intestinal hormone receptors to reduce appetite and is administered once weekly by injection. Clinical trials demonstrated its effectiveness in weight reduction alongside diet and exercise. However, it carries potential side effects such as nausea and gastrointestinal discomfort and has warnings for thyroid tumors and pancreatitis. Patients with certain medical histories such as metabolic disorders, mental health history, age-related factors, and others should exercise cautiously.

Key Market Dynamics

The global weight management market is growing steadily as healthy weight fosters physical and mental well-being among individuals. Improved sleep quality and reduced headaches are benefits offered by the weight management programs, contributing to overall well-being. However, the most significant driver is the improvement of overall health. By addressing obesity-related health issues such as heart disease and diabetes, weight management programs empower individuals to live longer, healthier lives, making a proactive choice for their well-being and longevity.

While losing weight which is a part of weight management strategies, can be a transformative journey, it is not without its challenges and potential drawbacks. Hormonal changes, including fluctuations in menstrual cycles, may occur with weight loss, impacting women's health. In addition, extreme dieting methods or excessive calorie restrictions can lead to nutrient deficiencies, metabolic slowdown, and muscle loss. Rapid weight loss techniques may also result in gallstones, electrolyte imbalances, or even cardiac issues which is anticipated to restrain the weight management market size in the upcoming years.

The evolving landscape of weight management presents a multitude of opportunities for the market players, driven by advancements in percutaneous procedures and less invasive surgeries. The introduction of innovative technologies such as the AspireAssist system and bariatric arterial embolization offers new avenues for individuals struggling with obesity to achieve meaningful weight loss. These procedures provide alternatives to traditional bariatric surgeries, catering to patients who may be hesitant to undergo invasive interventions or who have not responded effectively to lifestyle changes. In addition, autonomous selective activation devices like implantable pacemakers and gastric clips present promising options for patients seeking non-surgical approaches to weight management.

Global Weight Management Market Ecosystem Analysis

The weight management market is a multifaceted industry comprising various products and services aimed at assisting individuals in achieving and maintaining a healthy weight. Segments such as dietary supplements, meal replacement products, weight loss programs, surgical interventions, fitness equipment, and mobile apps play crucial roles in addressing weight-related concerns.

Intense competition among key players, including pharmaceutical companies, food and beverage manufacturers, fitness centers, and healthcare providers, characterizes the market landscape. Technological advancements, such as wearable devices and digital platforms for personalized weight management, are driving innovation within the sector. Moreover, government initiatives promoting healthy eating habits and regular physical activity contribute to shaping market dynamics.

Market Segmentation

The weight management market is segmented into function and region. On the basis of function, the market is divided into diet, fitness equipment, surgical equipment, and services. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Country Market Outlook

Weight management in the U.S. is a significant concern, with billions striving to achieve healthier lifestyles every year. Leading healthcare providers such as Mayo Clinic, Cleveland Clinic, and Johns Hopkins offer comprehensive weight management programs focusing on personalized approaches to diet, exercise, and behavioral modifications. In addition, prominent weight management programs like Weight Watchers, Noom, and Jenny Craig provide structured plans, coaching, and support to individuals seeking to lose weight. These programs emphasize sustainable lifestyle changes, including balanced nutrition, regular physical activity, and psychological support.

Despite the availability of diverse resources, obesity remains a prevalent issue in the U.S., driving ongoing efforts to innovate and improve strategies for effective weight management and long-term wellness. For instance, in 2023, in the U.S., among the successful weight loss cases, 78% of participants consumed breakfast daily, indicating a potential role of meal timing in weight management. Weight management efforts were also associated with lifestyle habits, such as regular weigh-ins (75%) and limited television watching (62%). Yoga experienced significant dominance as an exercise choice, with participants increasing from 21 billion to 34.4 billion from 2010 to 2021 in the U.S. Despite the emphasis on diet and exercise, only 17.1% of the U.S. adults reported being on a diet, suggesting diverse approaches to weight management, as per the study conducted by Great Green Wall.

Competitive Landscape

The major players operating in the weight management market include Amway, Vitaco Health Limited, Forever Living, Arbonne International, LLC, Herbalife Nutrition Ltd, GNC Holdings Inc., Nu Skin Enterprises, Inc., Nature's Sunshine Products, Inc., NOW Health Group, INC, Nature's Way Products, LLC, and Melaleuca Inc.

Recent Key Strategies and Developments

• In April 2024, Vitaco introduced ATHENA, a sports nutrition brand tailored exclusively for athletic women. Featuring protein powders, supplements, and bars, the Informed Sport Certified range aims to optimize female athletes' performance with specialized ingredients like iron, calcium, collagen, electrolytes, and protein. ATHENA is poised to revolutionize the female sports nutrition sector.
• In February 2024, Herbalife introduced the Herbalife GLP-1 Nutrition Companion, a lineup of food and supplement combos aimed at supporting individuals on GLP-1 and other weight-loss medications. Available in Classic and Vegan options, these combos offer protein and fiber-rich nutrition to counteract potential deficiencies associated with such medications. Herbalife's independent distributors provide guidance and foster a supportive community to assist consumers in maintaining proper nutrition habits.
• In November 2022, the research analysis co-authored by Amway scientist Jina Hong, Ph.D., highlighted the antioxidant benefits of Nutrilite Double X, a plant-based multivitamin/multimineral/phytonutrient supplement. Published in Nutrients journal, the meta-analysis of six studies involving over 800 individuals revealed significant antioxidant effects. Nutrilite Double X, formulated with 22 plant concentrates and PhytoProtect blend, stems from over 80 years of research. Amway emphasizes its commitment toward enhancing nutrition and overall health through ongoing research and product development efforts.

Key Sources Referred

1. World Obesity Federation
2. The Obesity Society
3. National Community Pharmacists Association
4. American Society for Nutrition
5. American Association of Nurse Practitioners
6. Nutraceuticals World
7. American Heart Association, Inc.
8. Association for Nutrition

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the weight management market segments, current trends, estimations, and dynamics of the weight management market analysis from 2023 to 2033 to identify the prevailing weight management market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the weight management market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global weight management market statistics.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global weight management market trends, key players, market segments, application areas, and market growth strategies.

In addition to providing a detailed analysis of key players in the global market, the report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation

1.5.1. Top-down approach
1.5.2. Bottom-up approach

2. Report Scope

2.1. Market Definition
2.2. Key objectives of the study
2.3. Market segmentation

3. Executive Summary
4. Market Overview

4.1. Introduction
4.2. Growth impact forces

4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities

4.3. Market value chain analysis

4.3.1. List of suppliers
4.3.2. List of manufacturers 
4.3.3. List of distributors

4.4. Innovation & sustainability matrices

4.4.1. Technology matrix
4.4.2. Regulatory matrix

4.5. Porter’s five forces analysis

4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive Rivalry Intensity

4.6. PESTLE analysis

4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Legal
4.6.6. Environmental

4.7. Impact of COVID-19 on the Weight Management Market

4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario

5. Weight Management Market Analysis, by Function

5.1. Overview
5.2. Diet  

5.2.1. Definition, key trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2023-2033
5.2.3. Market share analysis, by country, 2023-2033

5.3. Fitness Equipment

5.3.1. Definition, key trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2023-2033
5.3.3. Market share analysis, by country, 2023-2033

5.4. Surgical Equipment

5.4.1. Definition, key trends, growth factors, and opportunities
5.4.2. Market size analysis, by region, 2023-2033
5.4.3. Market share analysis, by country, 2023-2033

5.5. Services

5.5.1. Definition, key trends, growth factors, and opportunities
5.5.2. Market size analysis, by region, 2023-2033
5.5.3. Market share analysis, by country, 2023-2033

5.6. Research Dive Exclusive Insights

5.6.1. Market attractiveness
5.6.2. Competition heatmap

6. Weight Management Market, by Region

6.1. North America

6.1.1. U.S.

6.1.1.1. Market size analysis, by Function, 2023-2033

6.1.2. Canada

6.1.2.1. Market size analysis, by Function, 2023-2033

6.1.3. Mexico

6.1.3.1. Market size analysis, by Function, 2023-2033

6.1.4. Research Dive Exclusive Insights

6.1.4.1. Market attractiveness
6.1.4.2. Competition heatmap

6.2. Europe

6.2.1. Germany 

6.2.1.1. Market size analysis, by Function, 2023-2033

6.2.2. UK

6.2.2.1. Market size analysis, by Function, 2023-2033

6.2.3. France

6.2.3.1. Market size analysis, by Function, 2023-2033

6.2.4. Spain

6.2.4.1. Market size analysis, by Function, 2023-2033

6.2.5. Italy

6.2.5.1. Market size analysis, by Function, 2023-2033

6.2.6. Rest of Europe

6.2.6.1. Market size analysis, by Function, 2023-2033

6.2.7. Research Dive Exclusive Insights

6.2.7.1. Market attractiveness
6.2.7.2. Competition heatmap

6.3. Asia-Pacific

6.3.1. China

6.3.1.1. Market size analysis, by Function, 2023-2033

6.3.2. Japan 

6.3.2.1. Market size analysis, by Function, 2023-2033

6.3.3. India

6.3.3.1. Market size analysis, by Function, 2023-2033

6.3.4. Australia

6.3.4.1. Market size analysis, by Function, 2023-2033

6.3.5. South Korea

6.3.5.1. Market size analysis, by Function, 2023-2033

6.3.6. Rest of Asia-Pacific

6.3.6.1. Market size analysis, by Function, 2023-2033

6.3.7. Research Dive Exclusive Insights

6.3.7.1. Market attractiveness
6.3.7.2. Competition heatmap

6.4. LAMEA

6.4.1. Brazil

6.4.1.1. Market size analysis, by Function, 2023-2033

6.4.2. UAE

6.4.2.1. Market size analysis, by Function, 2023-2033

6.4.3. Saudi Arabia

6.4.3.1. Market size analysis, by Function, 2023-2033

6.4.4. South Africa

6.4.4.1. Market size analysis, by Function, 2023-2033

6.4.5. Rest of LAMEA

6.4.5.1. Market size analysis, by Function, 2023-2033

6.4.6. Research Dive Exclusive Insights

6.4.6.1. Market attractiveness
6.4.6.2. Competition heatmap

7. Competitive Landscape

7.1. Top winning strategies, 2023

7.1.1. By strategy
7.1.2. By year

7.2. Strategic overview
7.3. Market share analysis, 2023

8. Company Profiles

8.1. Amway

8.1.1. Overview
8.1.2. Business segments
8.1.3. Product portfolio
8.1.4. Financial performance
8.1.5. Recent developments
8.1.6. SWOT analysis

8.2. Vitaco Health Limited

8.2.1. Overview
8.2.2. Business segments
8.2.3. Product portfolio
8.2.4. Financial performance
8.2.5. Recent developments
8.2.6. SWOT analysis

8.3. Forever Living

8.3.1. Overview
8.3.2. Business segments
8.3.3. Product portfolio
8.3.4. Financial performance
8.3.5. Recent developments
8.3.6. SWOT analysis

8.4. Arbonne International, LLC

8.4.1. Overview
8.4.2. Business segments
8.4.3. Product portfolio
8.4.4. Financial performance
8.4.5. Recent developments
8.4.6. SWOT analysis

8.5. Herbalife Nutrition Ltd

8.5.1. Overview
8.5.2. Business segments
8.5.3. Product portfolio
8.5.4. Financial performance
8.5.5. Recent developments
8.5.6. SWOT analysis

8.6. GNC Holdings Inc.

8.6.1. Overview
8.6.2. Business segments
8.6.3. Product portfolio
8.6.4. Financial performance
8.6.5. Recent developments
8.6.6. SWOT analysis

8.7. Nu Skin Enterprises, Inc.

8.7.1. Overview
8.7.2. Business segments
8.7.3. Product portfolio
8.7.4. Financial performance
8.7.5. Recent developments
8.7.6. SWOT analysis

8.8. Nature's Sunshine Products, Inc.

8.8.1. Overview
8.8.2. Business segments
8.8.3. Product portfolio
8.8.4. Financial performance
8.8.5. Recent developments
8.8.6. SWOT analysis

8.9. NOW Health Group, INC

8.9.1. Overview
8.9.2. Business segments
8.9.3. Product portfolio
8.9.4. Financial performance
8.9.5. Recent developments
8.9.6. SWOT analysis

8.10. Melaleuca Inc.

8.10.1. Overview
8.10.2. Business segments
8.10.3. Product portfolio
8.10.4. Financial performance
8.10.5. Recent developments
8.10.6. SWOT analysis

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