Global Weight Management Products Market Growth 2024-2030
The global Weight Management Products market size is projected to grow from US$ 235,470 million in 2023 to US$ 330,880 million in 2030; it is expected to grow at a CAGR of X%. (Ple
Introduction
Weight management products encompass a variety of items aimed at assisting individuals in controlling or reducing body weight. These include dietary supplements like vitamins and herbs, meal replacement shakes or bars, appetite suppressants, fat burners, weight loss medications (prescribed by healthcare professionals), fitness equipment, and meal planning/tracking tools. It's crucial to approach their use cautiously and consult with professionals, as sustainable weight management typically involves a holistic approach, including healthy eating, regular exercise, and behavioural changes, rather than relying solely on products or supplements.
Market Insights
The global Weight Management Products market size is projected to grow from US$ 235470 million in 2023 to US$ 330880 million in 2030; it is expected to grow at a CAGR of 5.0% from 2024 to 2030.
The Publishers' newest research report, the “Weight Management Products Industry Forecast” looks at past sales and reviews total world Weight Management Products sales in 2023, providing a comprehensive analysis by region and market sector of projected Weight Management Products sales for 2024 through 2030. United States market for Weight Management Products is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
What's Inside a Bonafide Research`s industry report?
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
China market for Weight Management Products is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Weight Management Products is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Weight Management Products players cover Abbott Nutrition, Herbalife, Cargill, Hershey and Atkins, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.
Key Features
Trends:
Shift towards holistic, personalized approaches: Consumers are seeking more comprehensive weight management solutions that combine dietary supplements, meal replacements, exercise programs, and lifestyle coaching.
Growing popularity of natural and plant-based products: There is increasing demand for weight management products made with natural, clean-label ingredients, as opposed to synthetic formulations.
Rise of e-commerce and direct-to-consumer models: Online sales channels and direct-to-consumer business models are disrupting traditional weight management product distribution.
Wearable technology and digital health integration: Connected fitness trackers, smart scales, and weight management apps are being integrated with weight loss supplements and programs.
Diversification into specialized products: Weight management brands are expanding into targeted solutions for specific demographics, such as women, seniors, or athletes.
Consolidation and strategic partnerships: Major industry players are consolidating through mergers and acquisitions, or forming strategic alliances to expand their product portfolios and distribution reach.
Increased focus on sustainability and transparency: Consumers are demanding more environmentally-friendly and ethically-sourced weight management products, as well as greater transparency around ingredients and manufacturing practices.
Drivers:
Growing prevalence of obesity and overweight: The rising global incidence of obesity and associated health risks is fueling demand for effective weight loss and management solutions.
Increasing health consciousness and wellness trends: Consumers are becoming more proactive about maintaining a healthy weight, driven by greater awareness of the benefits of weight management.
Expanding middle class and disposable incomes: Economic growth, particularly in developing markets, is driving greater consumer purchasing power and willingness to invest in weight management products.
Shift towards preventive healthcare: There is a greater emphasis on preventive measures, including weight management, to mitigate the risk of chronic diseases like diabetes, heart disease, and certain cancers.
Demand for convenient and personalized solutions: Consumers are seeking weight management products and services that are tailored to their individual needs and goals, as well as easy to integrate into their daily routines.
Rise of social media and digital influence: Online health and fitness influencers, as well as targeted digital marketing, are shaping consumer preferences and driving adoption of weight management products.
Evolving regulatory landscape: Tightening regulations around the safety and efficacy of weight management products are raising the bar for product quality and consumer trust.
Opportunities:
Expansion in emerging markets: Rapid economic development and rising middle-class populations in regions like Asia, Latin America, and Africa are creating significant growth opportunities for weight management brands.
Diversification into specialized product categories: Developing targeted solutions for specific demographics, such as women, seniors, or athletes, can help weight management brands differentiate their offerings and capture niche market segments.
Integration of digital health technologies: Incorporating wearable devices, mobile apps, and data-driven personalization into weight management programs can enhance the customer experience and drive better outcomes.
Leveraging e-commerce and direct-to-consumer models: Optimizing online sales channels and direct-to-consumer distribution can enable weight management brands to reach a wider customer base and improve profit margins.
Emphasis on natural and plant-based formulations: Responding to consumer demand for clean-label, environmentally friendly weight management products can help brands build loyalty and differentiate themselves in a crowded market.
Strategic partnerships and acquisitions: Collaborating with complementary brands, service providers, or healthcare professionals can enable weight management companies to expand their capabilities and access new customer segments.
Pursuit of sustainability and transparency: Adopting more sustainable manufacturing practices and providing greater transparency around product ingredients and sourcing can help brands capitalize on growing consumer preferences for eco-friendly and ethical products.
Threats:
Intense competition and pricing pressures: The weight management products industry is highly competitive, with both established brands and new entrants vying for market share, often through aggressive pricing strategies.
Regulatory and compliance challenges: Evolving guidelines and rules around the safety, efficacy, and marketing of weight management products can create compliance hurdles and market access barriers for manufacturers.
Consumer scepticism and lack of trust: Many consumers remain skeptical about the effectiveness and safety of certain weight management products, particularly dietary supplements, which can undermine brand loyalty and sales.
Shifting consumer preferences and fad diets: The continuous emergence of new weight loss trends and fad diets can disrupt the demand for established weight management products and require brands to frequently adapt their offerings.
Data privacy and cybersecurity risks: The integration of digital technologies and connected devices into weight management programs exposes companies to potential data breaches and cybersecurity threats, which can erode customer trust.
Supply chain disruptions and ingredient shortages: Disruptions to the supply of key raw materials or manufacturing capacity can impact the availability and pricing of weight management products, affecting both brands and consumers.
Increasing regulatory scrutiny and product liability risks: Tightening regulations, along with the potential for product safety issues or adverse health effects, can lead to costly legal and compliance challenges for weight management brands.
Make this report your own
Have queries/questions regarding a report
Take advantage of intelligence tailored to your business objective
Manmayi Raval
Research Consultant
Market Segmentation:
Segmentation by type
Weight Loss Supplement
Don’t pay for what you don’t need. Save 30%
Customise your report by selecting specific countries or regions
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abbott Nutrition
Herbalife
Cargill
Hershey
Atkins
AHD International
Kraft Foods
Amway
PepsiCo
Kellogg Company
General Mills Incorporation
Nutrisystem
Brunswick Corporation
Streamline Foods
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Weight Management Products Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Weight Management Products by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Weight Management Products by Country/Region, 2019, 2023 & 2030
2.2 Weight Management Products Segment by Type
2.2.1 Weight Loss Supplement
2.2.2 Meat Replacement Food
2.2.3 Diet Food and Beverage
2.2.4 Others
2.3 Weight Management Products Sales by Type
2.3.1 Global Weight Management Products Sales Market Share by Type (2019-2024)
2.3.2 Global Weight Management Products Revenue and Market Share by Type (2019-2024)
2.3.3 Global Weight Management Products Sale Price by Type (2019-2024)
2.4 Weight Management Products Segment by Application
2.4.1 Supermarket
2.4.2 Pharmacy
2.4.3 Online Store
2.4.4 Others
2.5 Weight Management Products Sales by Application
2.5.1 Global Weight Management Products Sale Market Share by Application (2019-2024)
2.5.2 Global Weight Management Products Revenue and Market Share by Application (2019-2024)
2.5.3 Global Weight Management Products Sale Price by Application (2019-2024)
3 Global Weight Management Products by Company
3.1 Global Weight Management Products Breakdown Data by Company
3.1.1 Global Weight Management Products Annual Sales by Company (2019-2024)
3.1.2 Global Weight Management Products Sales Market Share by Company (2019-2024)
3.2 Global Weight Management Products Annual Revenue by Company (2019-2024)
3.2.1 Global Weight Management Products Revenue by Company (2019-2024)
3.2.2 Global Weight Management Products Revenue Market Share by Company (2019-2024)
3.3 Global Weight Management Products Sale Price by Company
3.4 Key Manufacturers Weight Management Products Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Weight Management Products Product Location Distribution
One individual can access, store, display, or archive the report in Excel format but cannot print, copy, or share it. Use is confidential and internal only. Read More
One individual can access, store, display, or archive the report in PDF format but cannot print, copy, or share it. Use is confidential and internal only. Read More
Up to 10 employees in one region can store, display, duplicate, and archive the report for internal use. Use is confidential and printable. Read More
All employees globally can access, print, copy, and cite data externally (with attribution to Bonafide Research). Read More