The Weight Loss and Weight Management Market is expected to grow at a CAGR of +7% from USD +150 billion in 2018 to USD +24 billion in 2022. Factors such as increased obesity, increased frequency of bariatric surgery, and increased prevalence of lifestyle-related diseases are leading the weight loss and weight management markets around the world.
This report categorizes dietary, equipment, services and global markets by region. Depending on the type of diet, the weight loss management market is classified as meals, drinks and supplements. The beverage segment is expected to account for the largest share of the weight loss and weight management diet market in 2018.
Depending on the type of service, the market is divided into fitness centers, slimming centers, consulting services and online weight loss programs. The online weight loss program segment is expected to register the highest CAGR during the forecast period. The popularity of online programs that are provided due to the increase in Internet subscriptions and online and mobile friendly solutions is driving growth in this area.
North America is expected to dominate the market in 2018, followed by Europe. High growth in the North American market has been attributed to increased rates of obesity, increased incidence of chronic diseases, increased awareness of nutrition and health lifestyles, and increased fitness centers in the region.