Global Weight Loss and Diet Management Market Analysis 2024 – Estimated Market Size And Key Drivers

The Weight Loss and Diet Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Weight Loss and Diet Management Global Market Report 2024, The weight loss and diet management market size has grown strongly in recent years. It will grow from $27.76 billion in 2023 to $29.66 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%.  The growth in the historic period can be attributed to increasing health awareness, rise in sedentary lifestyles, prevalence of lifestyle diseases, nutritional education programs, government initiatives for public health, convenience in weight loss solutions.

The weight loss and diet management market size is expected to see strong growth in the next few years. It will grow to $39.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.  The growth in the forecast period can be attributed to rising demand for vegan and vegetarian diets, telehealth adoption, focus on sustainable and long-term solutions, innovations in meal replacement products, genetic testing for personalized nutrition, online health communities. Major trends in the forecast period include digitalization of weight loss programs, personalized nutrition and diets, ai and machine learning in diet planning, virtual coaching and telehealth, integration of health apps with wearables, social media influence on diet trends.

An increase in the number of bariatric surgeries is expected to propel the growth of the weight loss and diet management market going forward. Bariatric surgery refers to a variety of procedures that alter the digestive system to help lose weight. Bariatric surgery is a type of surgery that helps with weight loss by altering the stomach and small intestine to process food, thus leading to weight loss. For instance, in June 2022, according to the American Society for Metabolic and Bariatric Surgery (ASMBS), a US-based non-profit medical organization, in 2021, approximately 262,893 bariatric surgeries were conducted, marking an increase from 198,651. Therefore, an increase in the number of bariatric surgeries is driving the growth of the weight loss and diet management market .

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The weight loss and diet management market covered in this report is segmented –
1) By Diet: Better-For-You-Food and Beverages, Weight Loss Supplements, Meal Replacements, Low-Calorie Sweeteners, Other Diets
2) By Equipment: Fitness Equipment, Surgical Equipment
3) By Service: Fitness Center And Health Clubs, Slimming Centers And Commercial Weight Loss Center, Consulting Services, Online Weight Loss Programs
4) By Application: Small Retail, Online Distribution, Multilevel Marketing, Large Retail, Health and Beauty Stores

Top Major Players:

• Weight Watchers International Inc.
• Nutrisystem Inc.
• Kellogg Company, Herbalife Ltd.
• Ediets.Com Inc.
• Apollo Endosurgery Inc.

North America was the largest region in the weight loss and diet management market in 2023. 

Technological advancements are a key trend gaining popularity in the weight loss and diet management market. Major companies operating in the market are developing advanced technologies to sustain their position in the market. For instance, in February 2021, Performance Health Systems, a US-based technology provider for weight loss and weight management solutions, launched the Personal Power Plate with its whole-body vibration technology. The unique features of the new technology is that it delivers faster and more effective results for all fitness levels, regardless of physical limitations. Also, Squats, planks, lunges, and other exercises can also be performed on the vibrating power plate to help achieve fitness goals and weight loss more quickly and efficiently than traditional training alone.

The weight loss and diet management market report table of contents includes:
1. Executive Summary
2. Weight Loss and Diet Management Market Characteristics
3. Weight Loss and Diet Management Market Trends And Strategies
4. Weight Loss and Diet Management Market – Macro Economic Scenario
5. Weight Loss and Diet Management Market Size and Growth
…….
26. Global Weight Loss and Diet Management Market Competitive Benchmarking
27. Global Weight Loss and Diet Management Market Competitive Dashboard
28. Key Mergers and Acquisitions In Weight Loss and Diet Management Market
29. Weight Loss and Diet Management Market Future Outlook and Potential Analysis
30. Appendix

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