DUBLIN–(BUSINESS WIRE)–Dec 4, 2020–
The “Weight Management – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The publisher brings years of research experience to the 7th edition of this report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Weight Management Market to Reach $423.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Weight Management estimated at US$262.9 Billion in the year 2020, is projected to reach a revised size of US$423.2 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027.
Diet, one of the segments analyzed in the report, is projected to record a 6.7% CAGR and reach US$257.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fitness Equipment segment is readjusted to a revised 7.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $71.1 Billion, While China is Forecast to Grow at 10.6% CAGR
The Weight Management market in the U.S. is estimated at US$71.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$92.6 Billion by the year 2027 trailing a CAGR of 10.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Services Segment to Record 6.9% CAGR
In the global Services segment, USA, Canada, Japan, China and Europe will drive the 6.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$15.8 Billion in the year 2020 will reach a projected size of US$24.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$58 Billion by the year 2027, while Latin America will expand at a 8.2% CAGR through the analysis period.
Competitors identified in this market include, among others:
- Abbott Nutrition
- Atkins Nutritionals, Inc.
- BASF SE
- Bioalpha Holdings Berhad
- Bullworker Enterprises
- Camillotek India Pvt Ltd.
- Cargill, Inc.
- Core Health & Fitness LLC
- Creative Bioscience, LLC
- Danone SA
- Fitness EM, LLC
- General Mills, Inc.
- GLG Life Tech Corporation
- Herbalife International of America, Inc.
- Hudson Aquatic Systems LLC
- Hydro Physio
- HydroWorx International, Inc.
- ICON Health & Fitness, Inc.
- Ingredion, Inc.
- Jenny Craig
- Jerai Fitness Pvt. Ltd.
- Johnson Health Tech Co., Ltd.
- Kellogg Company
- Nautilus, Inc.
- Nestle SA
- Paramount Bed Co., Ltd.
- PepsiCo, Inc.
- Tate & Lyle PLC
- Technogym SpA
- VLCC Health Care Limited
- Weight Watchers International, Inc.
- WHITE HERON Pharmaceutical Sdn Bhd
- Zydus Wellness
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Weight Management Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 35
For more information about this report visit https://www.researchandmarkets.com/r/9tjp1w
View source version on businesswire.com:https://www.businesswire.com/news/home/20201204005297/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: FITNESS & NUTRITION HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2020.
PUB: 12/04/2020 07:39 AM/DISC: 12/04/2020 07:39 AM