Weight Loss and Diet Management Market is projected to reach USD 240.3 billion by 2021

(EMAILWIRE.COM, August 18, 2017 ) According to the report Global Weight Loss and Diet Management market, published by Market Data Forecast, the Market is projected to reach USD 240.3 billion by 2021 from USD 170.6 billion in 2016, growing at a CAGR of 7.16% during the forecast period, 2016-2021. Maintaining weight at a healthy level can be challenging for some people owing to complex genetic system of the body. Medical condition, lifestyle, and diet, among others are some of the factors that may contribute to weight gain in people. As per World Health Organization, the obese population has doubled since 1980. In 2014, approximately 13% of the world's population, that is, more than 600 million adults were obese. Additionally, obesity is linked to more number of deaths worldwide than underweight. However, obesity is preventable and changes in diet coupled with fitness/physical activities can help in cutting down extra fat. Severe obesity can be treated through weight loss surgery (Ga stric Bypass Surgery and Laparoscopic Sleeve Gastrectomy).

The growth of Weight Loss & Diet Management market is majorly driven by factors such as increasing obese population, promotional strategies of companies, rise in disposable income, affordable cost of surgeries, and increase in diabetic population. Furthermore, increasing health and wellness concern among people is also fueling up the demand for Weight Loss & Diet Management Market. Also, child obesity has increased manifold over the years, spiking up the demand for the product in the market. According to Childhood Obesity Foundation, 42 million infants and young children were obese or overweight in 2013 and is anticipated that the number of obese children may alarmingly rise to 70 million by 2025. The key restraints of the market are expensive low-calorie food & beverages, misleading promotional strategies, adverse effects of weight-loss supplements (liver damage), and side-effects of weight-loss surgery (dizzi ness, nausea, bowel obstruction, and diarrhea).

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The global Weight Loss & Diet Management Market is segmented on the basis of Diet, Equipment, and Services. Based on Diet, the market is classified into Food & Beverages (Organic Food, Low-Calorie Sweeteners, Low-Calorie Beverages & Diet Soft Drinks, Herbal Tea & Green Tea, and Others), Diet Supplements (Proteins & Fibers, Conjugated Linoleic Acid, and Others). On the basis of Equipment, the market is classified into Fitness Training Equipment (Treadmills, Benches and Racks, Fitness Monitoring Equipment, Accessories, and Others) and Surgical Equipment. Surgical equipment is further classified into Minimally Invasive/Bariatric Surgical Equipment (Gastric Bypass Surgery and Laparoscopic Sleeve Gastrec tomy) and Non-Invasive Surgical Equipment (Intragastric Balloon Systems, Endoscopic Suturing Equipment, and Others). On the basis of Services, the market is classified into Fitness Centers and Consulting Services.

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The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Middle-East and Africa. North America is the leading region for Weight Loss & Diet Management Market followed by Europe.

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The major companies dominating the global Weight Loss & Diet Management Market are Kellogg Company (U.S.), Atkins Nutritionals, Inc. (U.S.), Herbalife Ltd. (U.S.), NutriSystem, Inc. (U.S.), Johnson Health Technology Co., Ltd. (Taiwan), Ethicon , Inc. (U.S.), Weight Watchers International, Inc. (U.S.), VLCC Healthcare Ltd. (India), eDiets.com (U.S.), Olympus Corporation (Japan).

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Source: Weight Loss and Diet Management Market is projected to reach USD 240.3 billion by 2021