Weight Loss Services Market Size, Share, Growth, Trends and Industry Statistics Report
by Susan Hill Business ConsultantThe global weight loss
services market size is expected to reach USD 21.1 billion by 2025 expanding at a
CAGR of 8.4%, according to a new report by Grand View Research, Inc. Rising
cases of obesity and resultant health consciousness along with increased per
capita healthcare expenditure are the key factors fueling the market growth.
Obesity is among the major health concerns that lead to a number of associated
diseases or complications, such as diabetes, Cardiovascular Diseases (CVDs),
and cancers. For instance, as per WHO, in 2016, more than 1.9 billion adults
were overweight, out of which around 650 million people were obese.
Such instances are expected to encourage people to
maintain proper health to help lower the risk of such chronic health issues,
thereby augmenting market growth. Key companies in the market are focusing on
the development of new ways for weight loss, such as Zumba, sports-specific
performance training, aquatic exercise classes, and weight loss supplements.
For instance, in August 2018, Herbalife International launched Herbalife24 ACHIEVE
protein bar, a convenient, energy-providing snack. This product launch may
increase the company’s popularity among athletes worldwide. Hence, such
initiatives are anticipated to drive the market.
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Further key findings from the study suggest:
- Fitness
equipment segment is estimated to register the highest CAGR over the forecast
period due to advancements by key companies, in terms of technology and
equipment
- Consulting services is projected to expand at the highest CAGR due
to their cost-effectiveness as compared to other services
- APAC is expected to be the fastest-growing regional market in
future. Increasing cases of obesity and diabetes due to changing
lifestyles are anticipated to drive the region’s growth
- Some of the key companies in the global weight loss services market
are Atkins Nutritionals, Inc.; Nutrisystem, Inc.; Herbal Life
International, Inc.; Apollo Endosurgery, Inc.; Johnson Health Tech; WW
International, Inc.; Kellogg Co; Amer Sports; Cynosure, Inc.; and Diet
Health, Inc.
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full research report on global weight
loss services market:
www.grandviewresearch.com/industry-analysis/weight-loss-services-market
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Created on Jan 10th 2020 05:57. Viewed 384 times.