The Brainy Insights
The growing obese population, increasing consumer awareness about low-calorie food and beverages in developing economies, and an increasing diabetic population driving the growth of weight loss and weight management market during forecasted period. North America region emerged as the largest market for the global weight loss and weight management market, with a 34.5% share of the market revenue in 2021.
Newark, Nov. 07, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global weight loss and weight management is expected to grow from USD 224.24 billion in 2021 to USD 405.37 billion by 2030, at a CAGR of 6.8% during the forecast period 2022-2030.
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The weight loss and weight management products market include different products such as machines and medications utilized to manage or decrease weight in obese and overweight patients. The increasing global burden of obesity and overweight is pushing the need for preventive care. Obese people are more prone to developing chronic diseases such as diabetes, blood pressure, and orthopaedic issues. Resulting in increased awareness of weight-loss techniques that drive the market growth. Similarly, people are becoming more health-conscious and adopting meal replacements and physical activities to keep themselves fit and healthy. The above factors are the significant reasons pushing the weight loss and weight management market growth. Similarly, other elements driving market development incorporate growing disposable incomes and customer spending power, the emergence of gym culture, and an expansion in the usage of dietary supplements.
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Competitive Strategy
To enhance their market position in the global weight loss and weight management market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
• In 2021 January, Oziva founded a product line for weight loss, containing seven different products supporting and helping in weight loss. In expansion, products found are focused primarily on men and women.
Market Growth & Trends
Giant pharmaceutical firms are creating novel anti-obesity drugs for weight loss and weight management. Obesity is now the most researched presentation by the number of clinical trials. The obesity drugs channel includes 93 practices across all …….