Nutrition & Weight Management Market (By Nutrition: Meals, Beverages, Supplements; By Equipment: Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Noninvasive surgical equipment; By Service: Fitness Centers, Slimming Centers, Consulting Services, Online Weight Loss Programs; By End Use: Hospitals, Homecare Settings, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

The global nutrition & weight management market is expected to grow at a CAGR of around 7.0% from 2020 to 2027 and expected to reach the market value of around US$ 315.5 Bn by 2027.

Maintaining a healthy weight is essential for good health. It can reduce the risk of many different cancers in addition to lowering the risk of heart disease, stroke, diabetes, and high blood pressure. Stopping and preventing weight gain should be a priority for most adults between the ages of 18 and 49. Putting on weight as you get older raises your chances of developing one or more chronic diseases. Middle-aged women and men who gained 11 to 22 pounds after the age of 20 were up to three times more likely to develop heart disease, high blood pressure, type 2 diabetes, and gallstones than those who gained five pounds or less, according to the Nurses' Health Study and the Health Professionals Follow-up Study. Nutrition is essential for proper weight management. A nutritionist can assist in muscle building, toning specific areas, and improving overall fitness. A nutritionist will consider the implications of these factors when developing a plan, creating options that are attainable and sustainable. To achieve a healthier body, a qualified nutritionist will tailor a healthy eating plan to your specific needs and circumstances. More often than not, a nutrition programme will also include exercise regimens and activities.

Market Drivers

Obesity is one of the prominent factors responsible for the growth of global nutrition & weight management market

Obesity is a chronic condition that affects more than one in every three adults and approximately 17% of children and adolescents in the United States, according to data released by the U.S. Department of Health and Human Services. Overweight affects one out of every three adults. Obesity raises your risk of type 2 diabetes, heart disease, stroke, fatty liver disease, kidney disease, and other health problems. Furthermore, according to World Health Organization (WHO) data, more than 1.9 billion adults aged 18 and older were overweight in 2016Over 650 million of these adults were obese. In 2016, 39% of adults aged 18 and up were overweight (39% of men and 40% of women). In 2016, approximately 13% of the world's adult population (11% of men and 15% of women) was obese. Furthermore, the majority of Americans does not eat a healthy diet and are not physically active at the levels required to maintain proper health. Obesity has plummeted in the United States as a result of these behaviors. Obesity affects approximately one in every three adults (34.0%) and one in every six children and adolescents (16.2%). Ensuring that all Americans eat a healthy diet, engage in regular physical activity, and achieve and maintain a healthy body weight is critical to improving Americans' health at all ages.

High government involvement fuel the growth of global nutrition & weight management market

The "WHO Global Strategy on Diet, Physical Activity, and Health," adopted by the World Health Assembly in 2004 and reaffirmed in a 2011 political declaration on non communicable diseases (NCDs), describes the actions required to support healthy diets and regular physical activity. The "Global action plan on physical activity 2018–2030: more active people for a healthier world" proposes effective and feasible policy actions to increase global physical activity. In 2019, the WHO released new guidelines on physical activity, sedentary behavior, and sleep in children under the age of five. The World Health Assembly welcomed the Commission on Ending Childhood Obesity's (2016) report and its six recommendations to address the obesogenic environment and critical life stages in order to combat childhood obesity. The World Health Assembly welcomed the implementation plan in 2017 to guide countries in taking action to implement the Commission's recommendations.

"Nutrition transition" propels the growth of global nutrition & weight management market

Most countries' increasing westernization, urbanization, and mechanization are associated with dietary changes toward high fat, high energy-dense foods and a sedentary lifestyle. Diets high in sugar, fat, and animal products are replacing more traditional diets high in complex carbohydrates and fibre as populations become more urban and incomes rise. Westernized fast foods, soft drinks, and increased meat consumption are displacing ethnic cuisine and distinctive traditional food habits. The homogenization and westernization of the global diet has increased energy density, which is especially problematic for the poor in all countries who are at risk of obesity and micronutrient deficiencies.

Market Segmentation

The global nutrition & weight management market is segmented based on product type and nutrition/weight management diet. The global nutrition & weight management market is segmented as nutrition, equipment, and service. By nutrition, the market is segmented as meals, beverages, and supplements. Based on equipment, the market is segregated as fitness equipment cardiovascular training equipment, strength training equipment, fitness monitoring equipment, body composition analyzers, surgical equipment, minimally invasive surgical equipment, and noninvasive surgical equipment. Further, by service, the market is segmented as fitness centers, slimming centers, consulting services, and online weight loss programs.

Regional Overview

North America dominates; Asia Pacific records fastest growing CAGR

North America has dominated the nutrition and weight management market in the past and is expected to do so again during the forecast period. This is due to an increase in the incidence of obesity and chronic diseases, increased awareness about nutrition and healthy lifestyles, an increase in the number of fitness centers, and an increase in disposable income, which are the major factors driving the growth of the weight loss and weight management market in this region.

Asia Pacific, on the other hand, is expected to have an all-time high CAGR in the coming years. Factors contributing to this growth include an increasing obese population, an increase in disposable income, and an increase in the number of diabetics, a growing awareness of personal well-being, sedentary lifestyles, and the low cost of bariatric surgeries in this region.

Competitive Landscape

The prominent players of the global nutrition & weight management market involve Atkins Nutritionals, Inc., Herbalife Nutrition, Nutrisystem, Inc., The Kellogg Company, Ethicon, Inc., Covidien, Apollo Endosurgery, and among others

Market Segmentation

Market By Nutrition

Meals
Beverages
Supplements

Market By Equipment

Fitness Equipment
Cardiovascular Training Equipment
Strength Training Equipment
Fitness Monitoring Equipment
Body Composition Analyzers
Surgical Equipment
Minimally Invasive Surgical Equipment
Noninvasive surgical equipment

Market By Service

Fitness Centers
Slimming Centers
Consulting Services
Online Weight Loss Programs

Market By End Use

Hospitals
Homecare Settings
Others

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa