Overview
Weight management is the term used to define both the psychological approaches and underlying biological processes that affect a person’s capacity to achieve and maintain a particular weight. Most weight management strategies entail long-term lifestyle changes that promote optimal eating and regular physical activity, as well as making changes in diet and exercise. Many also promote dietary supplements to help aid in meeting desired weight goals. The ultimate goal for weight loss is to reduce caloric intake while maintaining adequate nutrients from food sources. A common factor among the most successful weight management programs is a lifestyle approach that encourages healthy eating habits and frequent physical activity.
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Competitive Landscape
Major companies contributing to the global weight management market include Ajinomoto Co. Inc., Atkins Nutritionals, eDiets.com, Brunswick Corporation, StayWell Inc., EnteroMedical Inc., NutriSystem Inc., Fitness First Group, Herbalife International Inc., 24 Hours Fitness, Precor Inc., Life Time Fitness Inc., Weight Watchers International Inc., Ethicon US LLC, Duke Diet and Fitness Center, McNeil Nutritionals, and Abbott Nutrition.
Drivers
An enlarging population pool of obesity amidst growing sedentary lifestyles and changing consumption patterns is expected to augment growth of the weight management market throughout the forecast period.
In addition to this, increasing volume of bariatric (weight-loss) surgeries as a result of rising awareness over obesity is expected to boost growth of the weight management market during the forecast period.
The Epitome of the COVID-19 Debacle
The inception of the COVID-19 virus has positively influenced the prospects for the global weight management market. Heightened consciousness over healthy lifestyle due to the prevalence of the virus has increased the demand for weight management solutions. The advent of digital weight management platforms has opened new entryways for market participants.
Key Takeaways
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The weight management market is anticipated to grow at a CAGR of XX % during the forecast period owing to the increased obesity rates and rising client-base of weight management platforms. For instance, in June 2021, the World Health Organization reported that around 2.8 million people die every year as a result of obesity.
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Across the geographical horizons, the North American region is augmenting the global weight management market on the heels of increasing incidences of chronic diseases along with the rising obese population.
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Another noteworthy geographic region is Asia Pacific, which is propelling the weight management market on account of increasing awareness over fitness in population-dense countries such as China and India.
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