Weight Management Market (2023 to 2032) – Growing Trend of Products across the World

The global market size for weight management market was USD 211.94 billion in 2022 and is poised to reach USD 434.39 billion by 2032, with a notable revenue Compound Annual Growth Rate (CAGR) of 8.3% during the forecast period. Key drivers for the growth in market revenue include the escalating rates of obesity and overweight conditions, heightened public awareness regarding the importance of leading a healthy lifestyle, and an increasing demand for personalized and tailored weight management programs.

The prevalence of overweight and obesity is on the rise globally, elevating the risk of developing chronic illnesses such as diabetes, heart disease, and cancer. Consequently, there is a growing demand for weight management programs and solutions that can aid individuals in controlling their weight and mitigating the risk of these chronic diseases. According to the World Health Organization (WHO), as of 2016, 39% of adults worldwide were overweight, and 13% were classified as obese.

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In addition, increasing awareness about the benefits of weight management is another key factor driving revenue growth of the market. Individuals are becoming more health-conscious and taking proactive actions to manage their weight and improve overall health. This has increased the necessity for individualized and specially designed weight management regimens that address each person’s unique demands.

Moreover, innovations in products and services that are more effective and efficient at managing weight have been developed, as a result of technological advancements in the field of weight management. People can now track their weight and progress in real-time thanks to technology used in weight management, which increases their motivation and adherence to diet and exercise plans. For instance, using mobile apps and wearable technology to monitor calorie intake and physical activity has increased in popularity among people, trying to manage their weight.

Strategic Development:

  • In 2021, DowDuPont Inc. announced a strategic partnership with the recycling company, TerraCycle, to recycle flexible and rigid plastic packaging in the United States. The partnership aims to provide consumers with more sustainable packaging options and reduce plastic waste.
  • In 2020, BASF SE acquired the US-based company, Solvay’s polyamide business, which specializes in producing high-performance Engineering Plastics for various industries, including automotive and aerospace. The acquisition was aimed at expanding BASF’s product portfolio in the engineering plastics market.
  • In 2020, Berry Global Inc. acquired Laddawn Inc., a US-based manufacturer of plastic films, bags, and tubing products. The acquisition was aimed at expanding Berry Global’s product offerings in the plastic films and sheet market and strengthening its position in the North American market.
  • In 2020, SABIC announced that it would build a new polypropylene (PP) production facility in Spain to cater to the growing demand for lightweight materials in the automotive industry. The facility is expected to start production in 2024.

Key Players covered in this report are

  • BASF SE
  • DowDuPont Inc.
  • SABIC
  • LyondellBasell Industries N.V.
  • Evonik Industries AG
  • Berry Global Inc.
  • AEP Industries Inc.
  • Sealed Air Corporation
  • Inteplast Group Ltd.
  • Jindal Poly Films Limited

Segments Covered in the Report:

By Product Type Outlook
  • Meal Replacements
  • Supplements
  • Equipment
  • Others
By End-Use Outlook
  • Commercial
  • Residential

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Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Major Points covered in this report are as below:

  • An analysis of Weight Management industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
  • In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
  • In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
  • This report provides information on the market status of Weight Management manufacturers and provides valuable insight into the market for companies and individuals.

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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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