The global weight loss and weight management market size was estimated to be USD 198 billion in 2023 and is expected to reach at USD 425.4 billion by 2033 with a CAGR of 7.2% during the forecast period 2023-2033. Increasing prevalence of obesity, growing health awareness, rising technological advancements, increasing fitness and wellness trends, and increasing investment in research and development will drive the market growth.
The market for weight loss and weight control has been significantly impacted by technological advancements. People can now measure their progress, keep tabs on their diet and exercise, and get tailored weight management recommendations thanks to mobile apps, wearable tech, smart scales, and other digital tools. For instance, Nestlé S.A.'s Garden Gourmet brand debuted a plant-based meal replacement shake in May 2023. The shake is promoted as a practical and nutritionally sound choice for people looking for weight-loss treatments.
By product type, equipment and devices was the highest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the increasing adoption of advanced fitness technology and the growing preference for home-based workouts and self-monitoring. For instance, Herbalife Nutrition Ltd. announced in April 2023 that a new line of plant-based protein drinks would be added to its existing product lineup. The plant-based shakes are created to satisfy the rising demand in the weight reduction market for vegan and vegetarian solutions. Food and beverages will be the fastest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the rising demand for convenient and nutritionally balanced meal options, increasing consumer focus on healthy eating habits, and the introduction of innovative and appealing product offerings by manufacturers.
By distribution channel, hospital pharmacy was the highest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the increasing prevalence of obesity-related health conditions and the growing adoption of medically supervised weight loss programs. For instance, Fitbit, Inc. announced the Fitbit Luxe, a new fitness and wellness tracker, in March 2023. To assist customers in achieving their weight reduction and general health goals, the Luxe provides features including activity tracking, sleep monitoring, and stress management tools. online retail will be the fastest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the convenience and accessibility it offers to consumers, the expanding e-commerce platforms, and the growing trend of online shopping for weight loss and weight management products.
The market for weight loss and weight control has been significantly impacted by technological advancements. People can now measure their progress, keep tabs on their diet and exercise, and get tailored weight management recommendations thanks to mobile apps, wearable tech, smart scales, and other digital tools. For instance, Nestlé S.A.'s Garden Gourmet brand debuted a plant-based meal replacement shake in May 2023. The shake is promoted as a practical and nutritionally sound choice for people looking for weight-loss treatments.
By product type, equipment and devices was the highest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the increasing adoption of advanced fitness technology and the growing preference for home-based workouts and self-monitoring. For instance, Herbalife Nutrition Ltd. announced in April 2023 that a new line of plant-based protein drinks would be added to its existing product lineup. The plant-based shakes are created to satisfy the rising demand in the weight reduction market for vegan and vegetarian solutions. Food and beverages will be the fastest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the rising demand for convenient and nutritionally balanced meal options, increasing consumer focus on healthy eating habits, and the introduction of innovative and appealing product offerings by manufacturers.
By distribution channel, hospital pharmacy was the highest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the increasing prevalence of obesity-related health conditions and the growing adoption of medically supervised weight loss programs. For instance, Fitbit, Inc. announced the Fitbit Luxe, a new fitness and wellness tracker, in March 2023. To assist customers in achieving their weight reduction and general health goals, the Luxe provides features including activity tracking, sleep monitoring, and stress management tools. online retail will be the fastest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the convenience and accessibility it offers to consumers, the expanding e-commerce platforms, and the growing trend of online shopping for weight loss and weight management products.
Global Weight Loss and Weight Management, By Region (USD Billion)
North America was the highest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the high prevalence of obesity and overweight population, increased health consciousness, strong market presence of key industry players, and the availability of a wide range of weight loss and weight management products and services in the region. For instance, Under Armour, Inc.'s MyFitnessPal, a well-known calorie-tracking software, announced updates to its app interface in February 2023, including a new design and enhanced user experience. Asia Pacific will be the fastest revenue-grossing segment in the global weight loss and weight management market in 2022 owing to the rising disposable income, increasing awareness about the importance of weight management, growing adoption of Western dietary patterns leading to higher obesity rates, and the expanding market for weight loss and weight management products and servicesGlobal Equipment and Devices Market (USD Billion), 2023 & 2033
This comprehensive research report focuses on the global and regional market size and forecasts from 2022 to 2033.Report Scope:
- Base Year: 2022
- Forecast Period: 2023-2033
- Study Coverage
- Market Forecast by Product type and Distribution Channel
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement
Segmentation: Weight Loss and Weight Management Market Report 2022-2033
Weight Loss and Weight Management Market Analysis & Forecast by Product Type 2022-2033 (Revenue USD Bn)
- Food and Beverages
- Supplements
- Equipment and Devices
- Services
- Surgical Procedures
Weight Loss and Weight Management Market Analysis & Forecast by Distribution Channel 2022-2033 (Revenue USD Bn)
- Retail Stores
- Online Retail
- Hospital Pharmacy
Weight Loss and Weight Management Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin American
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Weight Loss and Weight Management: Product Type Estimates & Trend Analysis
8. Weight Loss and Weight Management: Distribution Channel Estimates & Trend Analysis
9. Regional Market Analysis
10. North America Weight Loss and Weight Management Market
11. Europe Global Weight Loss and Weight Management Market
12. Asia Pacific Global Weight Loss and Weight Management Market
13. Latin America Global Weight Loss and Weight Management Market
14. MEA Global Weight Loss and Weight Management Market
15. Competitor Analysis
16. Company Profiles
Companies Mentioned
- Herbalife Nutrition Ltd.
- WW International, Inc. (formerly Weight Watchers)
- Nutrisystem, Inc.
- Atkins Nutritionals, Inc.
- Fitbit, Inc.
- MyFitnessPal (Under Armour)
- Jenny Craig, Inc.
- Medifast, Inc.
- Amway Corporation
- Abbott Nutrition (Abbott Laboratories)
- Slimming World
- Herbalife Ltd.
- VLCC Healthcare Ltd.
- GNC Holdings, Inc. Holdings, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 198 Billion |
| Forecasted Market Value ( USD | $ 425.4 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
