Dublin, March 29, 2024 (GLOBE NEWSWIRE) -- The "GCC Weight Loss Market Report by Diet, Equipment Type, Service, Gender, Age Group, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The rapid expansion of the weight loss market in the Gulf Cooperation Council (GCC) is poised to continue as the region grapples with escalating levels of overweight and obesity issues. According to a comprehensive analysis, the market, which stood at US$ 4.9 Billion in 2023, is projected to surge to a valuation of US$ 10.1 Billion by 2032, boasting an impressive compound annual growth rate of 8.4% from 2023 to 2032.
Key Factors Influencing Market Growth
Several factors are driving the growth of the weight loss market in the GCC. High economic prosperity coupled with urbanized and Western-influenced lifestyle choices has been met with an abundance of processed food options and convenient meal solutions, significantly altering dietary patterns in the region. Consequently, there has been a marked uptick in type-2 diabetes, cardiovascular diseases, and other lifestyle-related health conditions.
Moreover, the climatic constraints in the GCC discourage outdoor activities, intensifying the prevalence of sedentary lifestyles. The combination of high-calorie diets and limited physical activity contributes to the expanding obesity rates, urging individuals toward weight management solutions.
Market Dynamics and Segment Analysis Market Segmentation Highlights
- Diet Category: Supplements take the lead in the diet segment, indicating a strong consumer preference.
- Equipment Preference: Fitness equipment emerges as the top choice among individuals seeking physical exercise solutions.
- Service Type: Fitness centers and health clubs are at the forefront in delivering weight loss services.
- Gender Demographics: Males represent a higher participation in weight loss programs.
- Age Group Analysis: The age bracket of 31 to 60 years dominates the market, indicating a focus on mid-life health and wellness.
Regional Insights
Geographically, Saudi Arabia captures the largest market share within the GCC, spearheading the regional demand for weight loss solutions. The UAE, Kuwait, Qatar, Bahrain, and Oman also exhibit significant contributions to the market's proliferation.
Market Outlook and Competitive Landscape
The projection of the growing weight loss market in the GCC is underpinned by both a heightened consumer awareness of health issues and an increasing number of service providers. The surge in gyms, fitness centers, and the availability of surgical and non-invasive treatments has fostered a competitive environment, with various key players striving to cater to the rising demand for effective weight management.
This specialized report encapsulates the intricate dynamics of the GCC weight loss market, illustrating its progression and delving into its multifaceted nature. From trends and drivers to challenges and competitive actions, the report offers a granular look into the factors shaping the future of weight management in the GCC. Entrepreneurs, investors, consultancies, and market strategists will find this report instrumental in making knowledgeable decisions within the weight loss domain.
With a robust analysis of the current landscape and forward-looking insights, this study reflects the growing significance of the weight loss market in the GCC and outlines the opportunities for stakeholders. The research navigates through the nuances of consumer preferences, market segmentation, and strategic competitive positioning, delivering an overarching view of where the market is heading and the elements that are fueling its growth.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 134 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (US$) in 2023 | US$4.9 Billion |
| Forecasted Market Value (US$) by 2032 | US$10.1 Billion |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Middle East |
Report Segmentation
Breakup by Diet:
- Supplements
- Meals
- Beverages
Breakup by Equipment Type:
- Fitness Equipment
- Cardio Vascular Equipment
- Strength Training Equipment
- Others
- Surgical Equipment
- Minimally Invasive/ Bariatric Equipment
- Non-Invasive Equipment
Breakup by Gender:
- Men
- Women
Breakup by Age Group:
- Consumer Between 31 to 60 years of Age
- Consumer Between 15 to 30 Years
- Consumers with Age More Than 60 Years
- Consumers Below 15 Years
Regional Insights:
- Saudi Arabia
- UAE
- Kuwait
- Qatar
- Bahrain
- Oman
For more information about this report visit https://www.researchandmarkets.com/r/kat1iu
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