The Global Weight Loss and Weight Management Diet Market- Growth, Trends, COVID-19 impact and Forecast (2021-2025)
The Weight Loss and Weight Management Diet Market is segmented by Product type (Better-for-you, Weight Loss Supplement, Sliming Tea, Low Calorie Sweetener, Meal Replacement); Distribution Channel (Retail Stores and Online Stores); Geography (North America, Europe, APAC and ROW).
Introduction
Weight loss and weight management diet is the process of adopting long-term lifestyle modification for maintaining a healthy body weight. Increasing obesity globally is a major factor for the growth in weight management diet market. The rising pace of obesity and chronic diseases are generating a need for weight management products.
However, the stringent regulations implemented by government on product formulations and rules for marketing and promotions of these products are challenging the industry players.
The COVID-19 pandemic has severely impacted healthcare industry. But the demand for this market is likely to increase during this pandemic period. It playing a crucial role in prevention of the infection, treatment of infection-associated malnutrition, and possibly the infection itself in COVID-19 patients and suspected cases.
Table of Contents
Market Overview
The global weight loss and weight management diet market is expected to grow to $343.60 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 10.33% CAGR.
Increasing health disorders and rising fitness consciousness is driving the market growth.
North America is dominating the market owing to the high prevalence of obesity and related diseases.
Key Trends
Evolving consumer trends, in terms of diet and consumption of various nutritional products, are one of the major factors expected to have a strong influence on the overall growth
The booming e-Commerce sector around the world is another major factor anticipated to fuel the growth of the global weight loss and weight management diet products market during the forecast period.
Growing R&D activities in this market and emerging regions are providing lucrative opportunities for the market growth in near future
Key Market Players
Some of the key players in the market are Cargill, Pepsico, Kellogg Company, Atkins Nutritionals, Herbalife, General Mills.
The market players are continuously engaged in growing their presence in the market through various inorganic strategies, such as acquisition, merger, strategic collaboration, and others, to gain significant market share and strengthen their product portfolios.
Growth Drivers and Challenges
Evolving industrialization in growing economies are resulting in the prevalence and early onset of chronic diseases. To overcome this situation, healthy diet are helpful in the management of chronic diseases
The rising global geriatric population is another crucial driving factor.
Changing lifestyle and the rising disposable income is driving the market.
Raw material prices limiting their adoption is a major restraining factor in the global market.
Stringent regulations on food safety concerns are expected to hinder growth of the market
Negative effects of ingredients used in low-calorie food & beverages are challenging the market growth