Rising prevalence of obesity and related diseases raise consumer awareness and drive obesity management market
HYDERABAD, TELANGANA, INDIA, October 19, 2022 /EINPresswire.com/ — obesity management market The size is expected to reach $59 billion by 2027 and is expected to grow at a CAGR of 4.8% over the forecast period 2022-2027. Obesity management is the practice of maintaining a healthy weight using lifestyle changes, medications, or surgery. Due to a sedentary lifestyle and the consumption of unhealthy foods, people are becoming more obese. Rising obesity leads to a high risk of cardiovascular disease, diabetes, cancer and musculoskeletal disorders, resulting in approximately 3 million deaths worldwide each year, according to a research article published in the National Center for Biotechnology Information (NCBI). Additionally, various new products launched in the market, expansion, acquisition, and increasing spending on research and development by the major market players are contributing to the growth of the Obesity Management industry. For example, in April 2022, Atkins, a nutritional snack brand that is part of The Simply Good Foods Company, launched ready-to-drink shakes in a Tetra Pak.® cardboard that uses 78% plant-based renewable materials. Such growing concern regarding weight management and growing demand for the products is fueling the growth of the obesity management industry over the forecast period 2022-2027.
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Key points to remember
Geographically, North America held a dominating market share in 2021, owing to the growing number of obesity and chronic diseases as well as growing awareness of obesity-related risk factors that contribute to obesity. growth in obesity management market size in this region.
The obesity management market is expected to grow owing to the increasing prevalence of obesity and the rising risk of obesity-related diseases. However, the high price of low calorie diet and the risk of infection after surgery might limit the market growth over the forecast period 2022-2027.
A detailed analysis of Strengths, Weaknesses, Opportunities and Threats will be provided in the Obesity Management Market report.
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Obesity Management Market Segment Analysis – By Diet: The obesity management market based on diet can be segmented into Meals (Meal Replacements, Low Calorie Sweeteners, Low Calorie Foods, Organic Foods) , beverages (non-alcoholic diet drinks, herbal teas, slimming products). water, other low calorie beverages), supplements (protein, fiber, green tea extract, conjugated linolenic acid) and others. The beverage segment held a dominant market share in 2021. However, meals are expected to grow with the fastest CAGR rate of 5.2% over the forecast period 2022-2027. A person who wants to lose weight is more aware of their diet and calorie intake. People who have had bariatric surgeries such as gastric bypass surgery, duodenal switch surgery and others; or taking medications like Lorcaserin, Orlistat, Naltrexone and others, it is advisable to follow a specialized diet.
Obesity Management Market Segment Analysis – By Service: The obesity management market based on service can be segmented into fitness centers, slimming centers, counseling services and weight loss programs. weight loss online. This is a result of the growing awareness of peoples, especially adults, for a healthy lifestyle. According to a fitness industry review, the world has around 2,00,000 health and fitness clubs, with the US, Germany and the UK having the highest number of fitness club memberships in 2020. Such a growing and growing fitness trend The number of fitness centers globally is fueling the growth in obesity management market share. However, the online weight loss program is expected to grow with the fastest CAGR rate of 5.7% over the forecast period 2022-2027.
Obesity Management Market Segment Analysis – By Geography: The obesity management market based on geography can be further segmented into North America, Europe, Asia Pacific, South America and in the rest of the world. North America held a dominant market share of 40% in 2021. This is a result of the growing number of obese people and growing awareness of obesity risk factors in this region. According to Trust for America’s Health, in 16 states adult obesity rates exceed 35%.
Top 5 Obesity Management Industry Players are –
1.Atkins Nutritionals, Inc.
3. Kellogg Company
4. Ethicon, Inc.
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