NEW YORK, Oct. 17, 2023 /PRNewswire/ — The Weight Management Market size is forecasted to grow by USD 85.5 billion at a CAGR of 9.95% during the forecast period, according to Technavio market analysis. The report analyzes the market’s competitive landscape and offers information on several market companies, including Amway Corp., Astellas Pharma Inc., Estrellas Life Sciences Pvt. Ltd., Fermentis Life Sciences Pvt. Ltd., Forever Living Products International LLC, Glanbia plc, GNC India, Herbalife International of America Inc., Kellogg Co., Nature Sure, Natures Sunshine Products Inc., Nestle SA, Nu Skin Enterprises Inc., Nutricore Biosciences Pvt. Ltd., Pharmacare Laboratories Australia, RITS Lifesciences Pvt Ltd., Shanghai Pharmaceutical Group Co. Ltd., Sunova Products, True Protein Pty Ltd. and Novo Nordisk AS. To gain access to more vendor profiles available with Technavio Buy the report

Weight Management Market 2023 – 2027: Company Profile:

Amway Corp.: The company offers weight management such as Bodykey Nutritious Delicious Shake Mix, Bodykey WOW Bundle Vanilla, Liver Health Support, and NutriCare Basket.

Weight Management Market 2023 – 2027: Segmentation Analysis:

The market is segmented by Type (Diet, Equipment and Services) Distribution Channel (Offline and Online) and Geography (North America, Asia, Europe and Rest of World (ROW)). 

The diet segment is expected to experience substantial growth during the forecast period. A key driving factor for this growth is the rising prevalence of obesity and its associated health issues. Obesity is known to lead to various health problems, such as hypertension, joint ailments, diabetes, and other related conditions.

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Weight Management Market 2023 – 2027: Geographical Analysis

North America is expected to make a substantial 35% contribution to the global market’s growth during the forecast period. The growth of the weight management market in North America is significantly influenced by factors such as increasing consumer interest in healthier lifestyles and growing concerns related to obesity. Among the countries in North America, the United States stands out as a leading market for weight management. Furthermore, the region is witnessing a surge in the popularity of weight management, driven by factors including the rising obesity rates in the population and increased awareness of the health risks associated with being overweight. Consequently, these factors are anticipated to boost market growth in North America during the forecast period.

Weight Management Market 2023 – 2027: Driver & Trend:

Driver:

• Rising global obesity rates is driven by increasing chronic diseases like diabetes, hypertension, and cancer.
• Limited effectiveness of existing drugs contributes to obesity prevalence.
• Sedentary lifestyle and lack of physical activity lead to health problems, including obesity and cardiovascular diseases.
• Growing disease prevalence presents substantial opportunities for the weight management market, positively impacting the growth.

Trend:

• A key factor shaping the weight management market growth is the rising demand from developing economies.

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Related Reports:

Weight Management Devices Market: The Weight Management Devices Market is estimated to grow at a CAGR of 6.35% between 2022 and 2027. The market size is forecast to increase by USD 4,572.6 million. 

Probiotic Dietary Supplements Market: The probiotic dietary supplements market share is expected to increase by USD 1.50 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.72%.

TOC:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by Type
7. Market Segmentation by Distribution Channel
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers Challenges & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

About Technavio

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SOURCE Technavio