The weight management market is expected to grow at a CAGR of 6.77% over the forecast period to reach a market size of US$386.542 billion in 2029, up from US$244.379 billion in 2022.
This market comprises various segments like special diets, equipment, and services that, separately or combined, help in the weight management of people. Over the years, changing living patterns and habits have driven us toward the need to adopt a healthy lifestyle. People are becoming more conscious about their health and well-being, which is expected to drive the demand for the weight management market.
Besides that, growing concerns about the high rate of obesity and cardiovascular diseases have propelled people to opt for healthy practices, which holds a great opportunity for the weight management market. Some of the market restraints include the high cost of equipment and special diets offered under weight management programs. Regulations related to dietary supplements and other weight management diet products, due to the possibilities of health effects, can also affect the market growth in the long run.
Urbanization and development have severely affected the dietary and living patterns of the people. With the high consumption of junk food, low physical activity, increasing consumption of tobacco, smoking, etc., problems like obesity and CVD have increased significantly over the years. Obesity is a disease that arises from the excessive accumulation of fat inside the body.
This problem arises when the calorie intake by the body severely exceeds the calories burned by it. According to the WHO, obesity has nearly tripled since 1975, and around 39 million children under the age of 5 were obese or overweight in 2020. These concerns are alarming and thereby call for weight management adoption.
If not controlled, Obesity can give rise to several diseases like cardiovascular diseases, high blood pressure, dyslipidemia, diabetes, hypertension, sleep disorders, and certain cancers as well. This is a major concern because cardiovascular disease is the leading cause of death around the globe. According to the WHO, CVDs take around an estimated 17.9 million lives each year, which makes up nearly 32% of the deaths worldwide.
With the growing literacy rate and increasing awareness programs by governments, NGOs, and other public institutions, the weight management market is expected to grow in the coming years. Growing pollution, health effects from active and passive smoking, lack of physical exercise, hectic urban life, etc., have drawn people's focus to physical maintenance and healthy aging.
With the growing disposable income, people have started adopting weight management diets and workouts, and have become more aware of self-care, and these factors combined are expected to give a boost to the weight management market.
Artificial Intelligence (AI) has become a part of almost every sector and industry around the globe, and its inclusion in weight management is something noteworthy. Weight management-specific companies today are focusing on the power of AI to deliver easy-to-adapt weight-management mechanisms.
These AI-powered programs tend to become popular among people with the growing advancements. For instance, recently, CSIRO Total Wellbeing Diet launched Hope, an AI weight loss coach that uses psychological techniques to motivate people during workouts and diets. Therefore, including AI in this market holds an excellent perspective for the weight management market.
It has been observed that special diets like low-carb diets, ketogenic diets, low-fat diets, etc., as mapped by the companies, are generally very expensive. These diets include particular vitamins and protein products that are generally expensive and difficult to purchase for lower and middle-income people. To compensate for the loss, these people opt for free and low-cost weight management techniques like walking, jogging, exercise, Ayurveda, yoga, etc. This is expected to create some market restraints in the coming years.
Currently, the weight management market stands a chance to apply stringent regulations to keep a regular check on the market. This is because, in the past, several fraudulent diets, supplements, and food products that claimed to reduce the weight of people showed many side effects as well, like nausea, headache, allergies, etc. This has called for the need to strictly regulate the market, which can hamper the market growth as well.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2022 | US$244.379 billion |
| Market Size Value in 2029 | US$386.542 billion |
| Growth Rate | CAGR of 6.77% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2023 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered |
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| Companies Covered |
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| Regions Covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Customization Scope | Free report customization with purchase |