Weight Loss Diet Market Overview
Weight Loss
Diet Market Size is estimated to reach $294.4 billion by 2027. Furthermore, it is
poised to grow at a CAGR of 6.8% over the forecast period of 2022-2027. An
alarming increase has been witnessed globally pertinent to diseases that rise
owing to high weight such as diabetes, cardiovascular diseases and cancer in
some of the cases. Critically, weight management has been a primary health
concern in the western region of the world, focusing on Europe and North
America owing to certain dietary preferences and others, hence products such as
weight loss injections or prescription drugs such as Saxendra Weight Loss
Medicines drive demand. The following causes have fostered the adoption of weight
management and weight loss-specific diets. Moreover, an increasing number of fitness-conscious
consumers have risen and portrayed product demand from the countries of India
and China, which in turn has led to an improvement of the market state. Owing
to the following factors, the weight loss diet industry will grow at a
lucrative pace during the forecast period of 2022-2027.
Weight Loss Diet Market Report
The report: “Weight Loss Diet Market Forecast (2022-2027)" by
IndustryARC, covers an in-depth analysis of the following segments of the Weight Loss Diet Market.
by Types – Meal Replacements, Low Calories
Sweeteners, Low-Calorie Foods, Slimming Water, Diet Soft Drinks and Others.
by Provider- Fitness Centers, Slimming Centers,
Consulting Services and Online Weight Loss Programs.
by Sales Channel- Offline Channels (Hypermarkets or
Supermarkets, Retail Stores, Grocery Stores, Specialty Stores, Pharmacies and Others) and Online Channels.
by Geography: North America (the U.S., Canada and Mexico),
Europe (Germany, the UK, France, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan India, South Korea, Australia and
New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina,
Chile, Colombia and Rest of South America) and Rest of the World (the Middle
East and Africa).
Key Takeaways
- Geographically, North America dominated the Weight Loss Diet market in 2021. It is owing to factors such as increased incidence of obesity and chronic diseases along with the presence of robust awareness of nutrition and diet profiles. However, Asia-Pacific is expected to offer lucrative opportunities over the forecast period of 2022-2027. It is owing to the rising incidence of obesity and western form of living, along with the robust presence of digital aid.
- The growing incidence of obesity amongst various classes of people followed by product innovation and betterment of delivery channels are key market drivers. However, misleading promotional strategies along with false claim apart from high product cost impedes the market growth.
- A detailed analysis of the strengths, weaknesses, opportunities and threats will be provided in the Weight Loss Diet Market Report.
Weight Loss Diet Market - Market Share (%) by region, 2021.
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Weight Loss Diet Market Segment Analysis - by Types
Weight Loss
Diet Market can be segmented into Meal Replacements, Low Calories
Sweeteners, Low-Calorie Foods, Slimming Water, Diet Soft Drinks and Others. Low-Calorie
Foods held a dominant market share in the year 2021. It is owing to the ease of
availability of the following products in the marketplace. Furthermore, the
products offer convenience and taste to the consumers, along with nutritional
offerings which are key to diets. An estimated 45 million Americans go on diet
each year according to Boston Medical, which boosts the market reach. However, the
Low-Calorie Sweeteners market is estimated to be the fastest-growing, with a
CAGR of 7.5% over the forecast period of 2022-2027. It is owing to the vast
adoption of the following form of an ingredient in a plethora of applications,
which will allow for various food and beverages to be labeled as a diet-conscious offerings.
Weight Loss Diet Market Segment Analysis - by Sales Channel
The Weight Loss Diet Market can be segmented into Offline and
Online Channels. Offline channels held a dominant market share in the year
2021. It is owing to the shopping patterns of various people in developed and
developing societies. Owing to the dietary aspect, shoppers tend to look for a
variety at attractive prices while increasing the awareness of products by
intermediaries. However, Online Sales Channels are estimated to be the
fastest-growing, with a CAGR of 7.9% over the forecast period of 2022-2027. The
omnichannel strategy has been actively deployed by marketers, while
manufacturers are offering D2C strategies which eliminate price pressures. For
example, IMATCHME’s Weight Loss Supplement is offered at a discount of nearly
61% on Walmart’s Online Store. Owing to the following strategies, market growth
is propelled.
Weight Loss Diet Market Segment Analysis - by Geography
North America dominated the market with a 36% share in 2021. Americans spend nearly $33 billion each year of weight loss products, additionally, the region has unrealistic rates of obesity, with the prevalence of 66-67% of the population coming under the scope of overweight or obese. However, Asia-Pacific is expected to offer lucrative growth opportunities and grow at the fastest CAGR during the forecast period of 2022-2027. The region houses two of the most populous countries, with extremely high rates of obesity and growing purchasing power. The following factor will be key to the market growth.
Weight Loss Diet Market Drivers
The Growing Prevalence of Obesity and the General Obese Population Across the Age Groups have been a Primal Market Driver
The health concerns pertaining to weight management has driven the market for weight loss diet. Further, the cases of childhood obesity have pushed marketers to penetrate the market in the much-needed segment. According to US CDC, for children and adolescents aged 2-19, the prevalence of obesity was 19.7% during the time frame of 2017-20, affecting nearly 14.7 million of the adolescent population. Similar statistics are present in various societies and across age groups, which has proliferated the need and demand for weight-loss diets. For example, within Asia-Pacific, India is predicted to have more than 27 million obese children (UNICEF, 2022).
The Rising Digital Penetration Proliferated by the Rising Internet Penetration to Supplement Awareness and Demand for Weight-Loss Diet Products and Services has been a Critical Driver
A major
driver for the success of the weight-loss diet market has been a growing
internet penetration across the globe. As per Internet World Stats 2022, around
69% of the global population has access to the internet via various mediums. The following represent close to 5.47 billion people. Quintessentially,
internet influences and brand ambassadors continue to highlight the importance
of weight management and promote weight loss products, which have been a
recognized driver for the market.
Weight Loss Diet Market Challenges
The High Cost of Low-Calorie Diets Along with Misleading Promotional Strategies and Falsified Claims Hamper the Market Growth
The
additional processing of various low-calorie products, specifically pertinent
to weight-loss diets is more expensive than high-calorie products. Also,
a low-calorie product contains nutrients such as vitamins and minerals, which
makes it a nutrient-rich food that adds the cost addition attribution for the
manufacturers. A low-calorie diet can cost around USD 36.32 per day, which is
expensive as compared to a high-calorie diet which costs around USD 3.52 per
day. Since medium and low-income families find it difficult to afford
high-priced diet foods and beverages. Furthermore, falsified claims pushed by
marketers to compete in a highly-competitive market often backfire and reduce the
general sentiment of the product and other recognized brands.
Weight Loss Diet Industry Outlook
Product launches, mergers and acquisitions, joint ventures and
geographical expansions are key strategies adopted by players in the Weight Loss Diet industry. The top
10 companies in the Weight
Loss Diet market are:
1. Atkins Nutritional’s
2. Herbalife Nutrition Ltd.
3. Nutrisystem
4. Ethicon Inc.
5. Covidien
6. Apollo Endo-surgery
7. Brunswick Corporation
8. Amer Sports
9. Johnson Health Technology
10. Technogym
Recent Developments
- In September 2022, California and New York ruled out a ruling to curb the sale of a plethora of diet pills, such as weight-loss OTC products from sale to minors as pediatricians and public health advocates provide harmful effects of such pills to kids, who are highly attracted towards weight-loss gimmicks online.
- In August 2022, Coca-Cola launched Finley- a new low-calorie soft drink that will be only made in Belgium. Finley is a low-calorie, sparkling soft drink for consumers 30+ who like subtle flavors. Finley also contains the all-natural sweetener, Stevia. Coco-Cola will start distributing Finley on September 2nd in Belgium.
- In February 2021, Kirin Beverages announced a launch of no-to-low sugar, calorie and immunity-focused beverage. The following motion was made by the company when the sales of its soft drinks reliant on high sugar declined in 2020 by COVID-19.
Relevant Titles
Report Code- FBR 44287
Report Code- HCR 0695
Report Code- FBR 56225
For more Food and Beverage Market reports, please click here
LIST OF TABLES
1.Global Key Manufacturers Market 2019-2024 ($M)1.1 Herbalife Market 2019-2024 ($M) - Global Industry Research
1.2 Nutrisystem Market 2019-2024 ($M) - Global Industry Research
1.3 Ethicon Market 2019-2024 ($M) - Global Industry Research
1.4 Covidien Market 2019-2024 ($M) - Global Industry Research
1.5 Apollo Endosurgery Market 2019-2024 ($M) - Global Industry Research
1.6 Brunswick Market 2019-2024 ($M) - Global Industry Research
1.7 Amer Sports Market 2019-2024 ($M) - Global Industry Research
1.8 Johnson Health Technology Market 2019-2024 ($M) - Global Industry Research
1.9 Technogym Market 2019-2024 ($M) - Global Industry Research
1.10 Weight Watchers Market 2019-2024 ($M) - Global Industry Research
1.11 Jenny Craig Market 2019-2024 ($M) - Global Industry Research
1.12 VLCC Healthcare Market 2019-2024 ($M) - Global Industry Research
1.13 Slimming Market 2019-2024 ($M) - Global Industry Research
1.14 The Gold's Gym Market 2019-2024 ($M) - Global Industry Research
2.Global By Meal Replacements Market 2019-2024 ($M)
3.Global Market by Type Market 2019-2024 ($M)
3.1 Meal Replacements Market 2019-2024 ($M) - Global Industry Research
3.2 Low-calorie Sweeteners Market 2019-2024 ($M) - Global Industry Research
3.3 Low-calorie Food Market 2019-2024 ($M) - Global Industry Research
3.4 Organic Food Market 2019-2024 ($M) - Global Industry Research
3.5 Diet Soft Drinks Market 2019-2024 ($M) - Global Industry Research
3.6 Herbal Tea Market 2019-2024 ($M) - Global Industry Research
3.7 Slimming Water Market 2019-2024 ($M) - Global Industry Research
4.Global Key Manufacturers Market 2019-2024 (Volume/Units)
4.1 Herbalife Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Nutrisystem Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Ethicon Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Covidien Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Apollo Endosurgery Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Brunswick Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Amer Sports Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Johnson Health Technology Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Technogym Market 2019-2024 (Volume/Units) - Global Industry Research
4.10 Weight Watchers Market 2019-2024 (Volume/Units) - Global Industry Research
4.11 Jenny Craig Market 2019-2024 (Volume/Units) - Global Industry Research
4.12 VLCC Healthcare Market 2019-2024 (Volume/Units) - Global Industry Research
4.13 Slimming Market 2019-2024 (Volume/Units) - Global Industry Research
4.14 The Gold's Gym Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global By Meal Replacements Market 2019-2024 (Volume/Units)
6.Global Market by Type Market 2019-2024 (Volume/Units)
6.1 Meal Replacements Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Low-calorie Sweeteners Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 Low-calorie Food Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Organic Food Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Diet Soft Drinks Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Herbal Tea Market 2019-2024 (Volume/Units) - Global Industry Research
6.7 Slimming Water Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Key Manufacturers Market 2019-2024 ($M)
7.1 Herbalife Market 2019-2024 ($M) - Regional Industry Research
7.2 Nutrisystem Market 2019-2024 ($M) - Regional Industry Research
7.3 Ethicon Market 2019-2024 ($M) - Regional Industry Research
7.4 Covidien Market 2019-2024 ($M) - Regional Industry Research
7.5 Apollo Endosurgery Market 2019-2024 ($M) - Regional Industry Research
7.6 Brunswick Market 2019-2024 ($M) - Regional Industry Research
7.7 Amer Sports Market 2019-2024 ($M) - Regional Industry Research
7.8 Johnson Health Technology Market 2019-2024 ($M) - Regional Industry Research
7.9 Technogym Market 2019-2024 ($M) - Regional Industry Research
7.10 Weight Watchers Market 2019-2024 ($M) - Regional Industry Research
7.11 Jenny Craig Market 2019-2024 ($M) - Regional Industry Research
7.12 VLCC Healthcare Market 2019-2024 ($M) - Regional Industry Research
7.13 Slimming Market 2019-2024 ($M) - Regional Industry Research
7.14 The Gold's Gym Market 2019-2024 ($M) - Regional Industry Research
8.North America By Meal Replacements Market 2019-2024 ($M)
9.North America Market by Type Market 2019-2024 ($M)
9.1 Meal Replacements Market 2019-2024 ($M) - Regional Industry Research
9.2 Low-calorie Sweeteners Market 2019-2024 ($M) - Regional Industry Research
9.3 Low-calorie Food Market 2019-2024 ($M) - Regional Industry Research
9.4 Organic Food Market 2019-2024 ($M) - Regional Industry Research
9.5 Diet Soft Drinks Market 2019-2024 ($M) - Regional Industry Research
9.6 Herbal Tea Market 2019-2024 ($M) - Regional Industry Research
9.7 Slimming Water Market 2019-2024 ($M) - Regional Industry Research
10.South America Key Manufacturers Market 2019-2024 ($M)
10.1 Herbalife Market 2019-2024 ($M) - Regional Industry Research
10.2 Nutrisystem Market 2019-2024 ($M) - Regional Industry Research
10.3 Ethicon Market 2019-2024 ($M) - Regional Industry Research
10.4 Covidien Market 2019-2024 ($M) - Regional Industry Research
10.5 Apollo Endosurgery Market 2019-2024 ($M) - Regional Industry Research
10.6 Brunswick Market 2019-2024 ($M) - Regional Industry Research
10.7 Amer Sports Market 2019-2024 ($M) - Regional Industry Research
10.8 Johnson Health Technology Market 2019-2024 ($M) - Regional Industry Research
10.9 Technogym Market 2019-2024 ($M) - Regional Industry Research
10.10 Weight Watchers Market 2019-2024 ($M) - Regional Industry Research
10.11 Jenny Craig Market 2019-2024 ($M) - Regional Industry Research
10.12 VLCC Healthcare Market 2019-2024 ($M) - Regional Industry Research
10.13 Slimming Market 2019-2024 ($M) - Regional Industry Research
10.14 The Gold's Gym Market 2019-2024 ($M) - Regional Industry Research
11.South America By Meal Replacements Market 2019-2024 ($M)
12.South America Market by Type Market 2019-2024 ($M)
12.1 Meal Replacements Market 2019-2024 ($M) - Regional Industry Research
12.2 Low-calorie Sweeteners Market 2019-2024 ($M) - Regional Industry Research
12.3 Low-calorie Food Market 2019-2024 ($M) - Regional Industry Research
12.4 Organic Food Market 2019-2024 ($M) - Regional Industry Research
12.5 Diet Soft Drinks Market 2019-2024 ($M) - Regional Industry Research
12.6 Herbal Tea Market 2019-2024 ($M) - Regional Industry Research
12.7 Slimming Water Market 2019-2024 ($M) - Regional Industry Research
13.Europe Key Manufacturers Market 2019-2024 ($M)
13.1 Herbalife Market 2019-2024 ($M) - Regional Industry Research
13.2 Nutrisystem Market 2019-2024 ($M) - Regional Industry Research
13.3 Ethicon Market 2019-2024 ($M) - Regional Industry Research
13.4 Covidien Market 2019-2024 ($M) - Regional Industry Research
13.5 Apollo Endosurgery Market 2019-2024 ($M) - Regional Industry Research
13.6 Brunswick Market 2019-2024 ($M) - Regional Industry Research
13.7 Amer Sports Market 2019-2024 ($M) - Regional Industry Research
13.8 Johnson Health Technology Market 2019-2024 ($M) - Regional Industry Research
13.9 Technogym Market 2019-2024 ($M) - Regional Industry Research
13.10 Weight Watchers Market 2019-2024 ($M) - Regional Industry Research
13.11 Jenny Craig Market 2019-2024 ($M) - Regional Industry Research
13.12 VLCC Healthcare Market 2019-2024 ($M) - Regional Industry Research
13.13 Slimming Market 2019-2024 ($M) - Regional Industry Research
13.14 The Gold's Gym Market 2019-2024 ($M) - Regional Industry Research
14.Europe By Meal Replacements Market 2019-2024 ($M)
15.Europe Market by Type Market 2019-2024 ($M)
15.1 Meal Replacements Market 2019-2024 ($M) - Regional Industry Research
15.2 Low-calorie Sweeteners Market 2019-2024 ($M) - Regional Industry Research
15.3 Low-calorie Food Market 2019-2024 ($M) - Regional Industry Research
15.4 Organic Food Market 2019-2024 ($M) - Regional Industry Research
15.5 Diet Soft Drinks Market 2019-2024 ($M) - Regional Industry Research
15.6 Herbal Tea Market 2019-2024 ($M) - Regional Industry Research
15.7 Slimming Water Market 2019-2024 ($M) - Regional Industry Research
16.APAC Key Manufacturers Market 2019-2024 ($M)
16.1 Herbalife Market 2019-2024 ($M) - Regional Industry Research
16.2 Nutrisystem Market 2019-2024 ($M) - Regional Industry Research
16.3 Ethicon Market 2019-2024 ($M) - Regional Industry Research
16.4 Covidien Market 2019-2024 ($M) - Regional Industry Research
16.5 Apollo Endosurgery Market 2019-2024 ($M) - Regional Industry Research
16.6 Brunswick Market 2019-2024 ($M) - Regional Industry Research
16.7 Amer Sports Market 2019-2024 ($M) - Regional Industry Research
16.8 Johnson Health Technology Market 2019-2024 ($M) - Regional Industry Research
16.9 Technogym Market 2019-2024 ($M) - Regional Industry Research
16.10 Weight Watchers Market 2019-2024 ($M) - Regional Industry Research
16.11 Jenny Craig Market 2019-2024 ($M) - Regional Industry Research
16.12 VLCC Healthcare Market 2019-2024 ($M) - Regional Industry Research
16.13 Slimming Market 2019-2024 ($M) - Regional Industry Research
16.14 The Gold's Gym Market 2019-2024 ($M) - Regional Industry Research
17.APAC By Meal Replacements Market 2019-2024 ($M)
18.APAC Market by Type Market 2019-2024 ($M)
18.1 Meal Replacements Market 2019-2024 ($M) - Regional Industry Research
18.2 Low-calorie Sweeteners Market 2019-2024 ($M) - Regional Industry Research
18.3 Low-calorie Food Market 2019-2024 ($M) - Regional Industry Research
18.4 Organic Food Market 2019-2024 ($M) - Regional Industry Research
18.5 Diet Soft Drinks Market 2019-2024 ($M) - Regional Industry Research
18.6 Herbal Tea Market 2019-2024 ($M) - Regional Industry Research
18.7 Slimming Water Market 2019-2024 ($M) - Regional Industry Research
19.MENA Key Manufacturers Market 2019-2024 ($M)
19.1 Herbalife Market 2019-2024 ($M) - Regional Industry Research
19.2 Nutrisystem Market 2019-2024 ($M) - Regional Industry Research
19.3 Ethicon Market 2019-2024 ($M) - Regional Industry Research
19.4 Covidien Market 2019-2024 ($M) - Regional Industry Research
19.5 Apollo Endosurgery Market 2019-2024 ($M) - Regional Industry Research
19.6 Brunswick Market 2019-2024 ($M) - Regional Industry Research
19.7 Amer Sports Market 2019-2024 ($M) - Regional Industry Research
19.8 Johnson Health Technology Market 2019-2024 ($M) - Regional Industry Research
19.9 Technogym Market 2019-2024 ($M) - Regional Industry Research
19.10 Weight Watchers Market 2019-2024 ($M) - Regional Industry Research
19.11 Jenny Craig Market 2019-2024 ($M) - Regional Industry Research
19.12 VLCC Healthcare Market 2019-2024 ($M) - Regional Industry Research
19.13 Slimming Market 2019-2024 ($M) - Regional Industry Research
19.14 The Gold's Gym Market 2019-2024 ($M) - Regional Industry Research
20.MENA By Meal Replacements Market 2019-2024 ($M)
21.MENA Market by Type Market 2019-2024 ($M)
21.1 Meal Replacements Market 2019-2024 ($M) - Regional Industry Research
21.2 Low-calorie Sweeteners Market 2019-2024 ($M) - Regional Industry Research
21.3 Low-calorie Food Market 2019-2024 ($M) - Regional Industry Research
21.4 Organic Food Market 2019-2024 ($M) - Regional Industry Research
21.5 Diet Soft Drinks Market 2019-2024 ($M) - Regional Industry Research
21.6 Herbal Tea Market 2019-2024 ($M) - Regional Industry Research
21.7 Slimming Water Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Global Weight Loss Diet Market Revenue, 2019-2024 ($M)2.Canada Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
3.Mexico Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
4.Brazil Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
5.Argentina Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
6.Peru Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
7.Colombia Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
8.Chile Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
10.UK Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
11.Germany Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
12.France Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
13.Italy Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
14.Spain Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
16.China Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
17.India Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
18.Japan Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
19.South Korea Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
20.South Africa Global Weight Loss Diet Market Revenue, 2019-2024 ($M)
21.North America Global Weight Loss Diet By Application
22.South America Global Weight Loss Diet By Application
23.Europe Global Weight Loss Diet By Application
24.APAC Global Weight Loss Diet By Application
25.MENA Global Weight Loss Diet By Application