Global Weight loss and Diet management market is estimated at USD 1948 Million in 2018 and it is expected to reach USD 2876 Millions with a CAGR of 7.42% by the end of 2023. Obesity is medical term which means excessive fat happens within the body. Growing obesity and increasing weight is always a major problem for people. As per WHO estimates over 1.36 billion people are obese and overweight globally and it is expected to grow in the same trend.
Increase in people who are suffering with obesity. (+) Rise in disposable income and affordable cost of surgeries (+) Awareness among individuals about the health and fitness has certainly boosted (+) Government initiatives and education on health risks. (+) Over fat may cause diseases like heart strokes, degenerative arthritis and even bond forms of cancer (+) Low value substitutes and high costs are limiting the growth (-) Misleading promotional strategies and adverse effects of weight loss supplements are restraints of the market. (-) Get your customized report: https://www.marketdataforecast.com/market-reports/global-weight-loss-and-diet-management-market-1740/customize-report
Market Segmentation
Global Weight Loss and Diet Management market is segmented on the basis of
Diet
Food & Beverages Diet Supplements Equipment
Fitness Training Equipment Surgical Equipment Services
Fitness centers Consulting Services The diet supplement category holds the highest share in this market owing to the rise of diabetic, obese and health conscious people. Followed by Equipment segment where it has led to increased customer awareness with the help of social media and marketing their Fitness centers with advantages of having those equipments.
The major companies dominating the global Weight Loss & Diet Management Market are Kellogg Company (U.S.), Atkins Nutritionals, Inc. (U.S.), Herbalife Ltd. (U.S.), NutriSystem, Inc. (U.S.), Johnson Health Technology Co., Ltd. (Taiwan), Ethicon, Inc. (U.S.), Weight Watchers International, Inc. (U.S.), VLCC Healthcare Ltd. (India), eDiets.com (U.S.), Olympus Corporation (Japan).
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