Global Weight Loss Products and Services Market
The global market for weight loss products and services should grow from $254.9 billion in 2021 to reach $377.3 billion by 2026, at a compound annual growth rate (CAGR) of 8.2% during the forecast period of 2021-2026.
- 149 data tables and 18 additional tables
- An updated review of the global market for weight loss products and services
- Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Estimation of the current market size and revenue forecast for the weight loss products and services market, and corresponding market share analysis by type, product, category, sales channel and geography
- Assessment of environmental and regulatory considerations affecting weight loss products and services and their impact on products and markets
- Discussion of current and new developments in weight loss products and services R&D, and reviews of important new technology areas
- Country specific data and analysis for the U.S., Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, Australia, New Zealand, Brazil, Argentina, Middle East and the Africa
- Review of important factors in the marketing of weight loss products and services, including distribution channels, the impact of large food processors and end-user selection criteria
- Market research data corresponding to obesity-related disease and statistics for fitness and exercising in the general population
- Analysis of the number of patents and patent applications related to obesity and weight management, clinical trials on weight loss medications, and potential markets for future developments
- Competitive landscape of the market for weight loss products and services, strategies adopted by the key market players and their company share analysis
- Descriptive company profiles of the major market participants, including Abbott Laboratories Inc., B. Braun Melsungen AG, Danone SA, Mead Johnson & Co., LLC and Nestlé S.A.
This report studies the global market for weight loss products and services with 2020 as a base year and provides estimates for each year of the forecast period of 2021 to 2026, with projections of compound annual growth rates (CAGR). The scope of this report is broad and covers markets for weight loss products and services that are used globally. The market is broken down by type, product category, sales channel and region. Projected and forecasted market size estimates are in constant U.S. dollars that have not been adjusted for inflation.
This report should serve as an analytical and informational business tool with the primary purpose of examining the growth in the overall market for weight loss products and services; growth in the individual segments of the weight loss products and services industry, as well as the subcategories within those segments; new developments in the market; and current research and future opportunities in the weight loss products and services industry.
The research uncovers many paradigm shifts in the studied market, in terms of regional competitive advantages, the competitive landscape among the key players in the weight loss products and services industry, and market dynamics. A holistic study of the market has been carried out by incorporating various factors from country-specific demographic conditions and business cycles to market-specific microeconomic influences that were needed to analyze the future trends of this market. The report provides a comprehensive review of market drivers, restraints, opportunities and available patents.
Depending on who is doing the categorization, there can be a large number of weight loss products and services categories, and no report can attempt to cover them all, especially low-volume weight loss products with small markets. In this study, the focus is on the most important classes of weight loss products and services, including both the older and mature products, as well as newer products.
Beyond this, each segment and subsegment of the market for weight loss products and services is examined, and growth rates and reasons for growth of each weight loss products and services segment are provided. This report examines the following segments:
Weight loss products and services, which includes the subcategories:
- Bakery and confectionery.
- Cereals and flour.
- Dairy non-drinkable.
- Frozen fruits and vegetables.
- Sweet and savory snacks.
- Other weight loss foods.
- Dairy drinkable.
- Energy drinks.
- Fruit and vegetable juices.
- Tea and coffee.
- Other weight loss beverages.
- Other weight loss products.
- Fitness centers.
- Slimming centers.
- Consultation services.
- Other services.
- Fat replacers.
The report also analyzes the global market for weight loss products in terms of product category, sales channel and region. The product categories covered are conventional and organic. The sales channels covered are supermarkets and hypermarkets, convenience stores, retail pharmacies, and E-commerce. The regional markets covered are North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.
The report also includes a discussion of the major players in each regional market for weight loss products and services. It explains the main market drivers of the global market for weight loss products and services, current trends within the industry and the regional dynamics of the market for weight loss products and services. The report concludes with detailed profiles of major global vendors in the weight loss products and services industry.
Frequently Asked Questions (FAQs)
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
In 2009, the market for weight loss products and services was worth nearly $121 billion. BCC anticipates this market will expand at a compound annual growth rate (CAGR) of 2.2% during the forecast period, resulting in a projected market size of more than $134 billion in 2014.
Foods and beverages are the largest category in the ingested goods market. This segment was valued at nearly $79 billion in 2009. Food movements, growing sub-segments, and healthy eating trends should drive growth in this sector at a 2% compound annual growth rate (CAGR) to reach more than $86 billion by 2014.
Nutraceuticals are the second-largest product segment, after foods and beverages. Retail sales in 2009 topped $3.6 billion and are expected to grow at about a 1.4% compound annual growth rate (CAGR) through 2014 to reach $3.9 billion.
The total retail market for weight loss products and services in the U.S. was $84.7 billion in 2002. This market is expected to grow at an AAGR (average annual growth rate) of 13.2% through 2007 to $157.6 billion.
Low calories foods are the largest segment with sales of $51.9 billion in 2002
Taste and quality improvements will lead this category to nearly double by 2007.
Low calories beverages make up the second largest category, led by exceptional growth of noncarbonated beverages, including refreshment, sports, energy and nutraceutical products.
Supplements are the third largest product/service segment, with retail sales also expected to almost double by 2007.
Of pharmaceuticals, only two current products are being prescribed in volume and that volume is rapidly decreasing due to their side effects.
The increasing awareness of overweight consumers to become dieters as a means of promoting good health and avoid health risks linked with obesity will fuel growth of weight loss products. BCC forecasts that total sales for weight loss supplements, foods, and beverages will increase from $19.1 billion in 1999 to $23.8 billion in 2004, at the rate of 4.5% per year. Most of these products are available in any type of retailing outlet, including retailers - so dieters find product selection easy and convenient.
BCC estimates that the sales for total foods and beverages to aid weight loss will have the larger share (76%) of sales, but faster growth is projected for supplements. Sales for foods and beverages will increase from $14.5 billion in 1999 to $17.4 billion in 2004, at the rate of 3.7%. Dieters, like any type of consumer, would be more familiar with foods and beverages than with supplements, which are used by only a certain segment of the population.
For weight loss supplements, BCC forecasts that sales will increase from $4.6 billion in 1999 to $6.3 billion in 2004, at the rate of 6.7% per year.