Weight Management Market Size, Share, Growth Analysis, By Function (Diet, Meals, Beverages, Supplements), By Product Type(Dietary Supplements, Fitness Equipment, Surgical Equipment, Other Equipment), By Region - Industry Forecast 2024-2031

Global Weight Management Market size was valued at USD 142.58 billion in 2022 and is poised to grow from USD 156.75 billion in 2023 to USD 334.55 billion by 2031, growing at a CAGR of 9.94% in the forecast period (2024-2031).

The market growth can be attributed to growing bariatric surgery, rapid adoption of online weight loss monitoring programs, increasing disposable income in countries in the developing world. Increasing government programs to raise awareness about weight loss due to rising obesity issues. According to the Institute for Health Standards Assessment, 30.0% of the world’s population is overweight or obese. Obesity is a major challenge for developed countries as well as low-& middle-income countries.

Overweight and obese people report a higher prevalence of chronic diseases such as diabetes, high blood pressure and osteoporosis. Thus, the increasing prevalence of obesity is driving the increase in work on weight. The incidence of childhood obesity is increasing worldwide due to factors such as unhealthy eating habits and lack of physical activity. According to an article published by Narayan Health, about 14.4 million cases of childhood obesity have been reported in India, making it the second highest childhood obesity rate in the world.

The increasing number of hours spent in front of television and computers. Overweight or obese children are more likely to develop chronic diseases in childhood. Increased consumption of junk food, lack of physical activity and growing fast food business led to unhealthy & sedentary lifestyles, leading to weight gain. In addition, extremely busy routines and increased stress lead people to consume fast food, which has unpleasant health effects.