Wilmington, Delaware, United States, Aug. 31, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global weight management market is projected to flourish at a CAGR of 4% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 11.1 billion is anticipated for the market in 2031. As of 2023, the market for weight management is expected to close at US$ 8.1 billion.
The increasing volume of bariatric surgeries and growing adoption of online weight loss and management programs, increasing popularity of fitness centers and diet plans among developing nations is expected to offer significant opportunities for market expansion during the forecast period.
Request Sample of the Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=103
Competitive Landscape
The global weight management market is fragmented, with the presence of a small number of leading players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global weight management market report:
- Amway, Melaleuca Inc.
- GNC Holdings Inc.
- Herbalife Nutrition Ltd.
- Forever Living
- Nu Skin Enterprises, Inc.
- Nature's Sunshine Products, Inc.
- Vitaco Health Limited
- Arbonne International, LLC
- NOW Health Group, INC.
- Nature's Way Products, LLC, among others
Key Developments in the Weight Management Market
- In June 2022, Herbalife Nutrition, inked a sports nutrition partnership with Notre Dame shooting guard Blake Wesley, who has been training at the Herbalife Nutrition IMPACT Basketball Center.
- Forever Living offers several weight management products that are designed to support healthy weight loss and management. Forever Lite Ultra is a meal replacement shake that is often used as part of a weight management program. It is designed to provide essential nutrients while being lower in calories.
The demand for weight management is high among the aging population to prevent age-related issues. The elders are focusing on maintaining a healthy weight thus increasingly adopting weight management solutions that cater to their unique needs.
The increasing urbanization has led to sedentary lifestyles and increased reliance on processed foods, contributing to weight gain. The growing awareness about weight management and obesity among developing nations is expected to boost the market demand.
The market players in the weight management market have increased their production capabilities for GMO-free, soy, and gluten-free whey protein powder that is low in sugar
Key Takeaways from the Market Study
- As of 2022, the weight management market was valued at US$ 7.7 billion
- By form, the soft gels/pills segment enjoys high demand, accumulating a high revenue share during the forecast period.
- Based on sales channels, the online segment is anticipated to dominate the industry during the forecast period due to the high Internet penetration and expanding modern retail formats.
- Based on end-users, the women segment is expected to generate high revenue during the forecast period.
Weight Management Market: Key Trends and Opportunistic Frontiers
- The global rise in obesity and overweight populations has led to a heightened awareness of the importance of weight management
- The growing prevalence of obesity-related orders such as diabetes and cardiovascular diseases are expected to drive the growth of the weight management market
- Increasing demand for supplements that have potent benefits regarding weight loss. Weight management products serve the demand of consumers by providing support in losing weight, along with other necessary nutrients for overall health. Thus, the weight management market is expected to witness growth during the forecast period.
Get Exclusive Discount on Weight Management Market at: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=103
Weight Management Market –Regional Analysis
- North America is expected to dominate the weight management market due to a relatively high prevalence of obesity and overweight individuals. The region's lifestyle, fast food culture, and sedentary behavior contribute to the demand for weight management solutions. Countries with high obesity rates, such as the United States and Canada see demand for weight loss programs and nutritional products.
- Asia Pacific has been recognized as the most lucrative market during the forecast period. Increasing urbanization, changing lifestyles, and rising awareness of health and wellness drive the market demand. Increasing demand for weight loss products, fitness programs, and dietary supplements in countries like China and India drives the market demand.
Weight Management Market – Key Segments
Form
- Soft Gels/Pills
- Powder
- Liquid
End User
- Men
- Women
- Senior Citizens
Sales Channel
- Hypermarkets/ Supermarkets
- Pharmacy & Drug Stores
- Health & Beauty Stores
- Online Retail
- Other Retail Channels
Country
- U.S.
- Australia
- Hong Kong
- South Korea
Place an Order Copy of Weight Management Market Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=103<ype=S
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
