Yahoo Finance Weight Management Market Global Market Report 2022: Role of AI in Weight Management Presents Opportunities
Global Weight Management Market
Dublin, July 06, 2022 (GLOBE NEWSWIRE) -- The "Weight Management Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.
This market comprises various segments like special diets, equipment, and services that separately or combine help in the weight management of people.
Market Trend
Over the years, the changing living patterns and habits have driven us towards the need to adopt a healthy living style. People are becoming more conscious about their health and being, which is expected to drive the demand for the weight management market. Besides that, growing concerns about the high rate of obesity and cardiovascular diseases have propelled people to opt for healthy practices, which holds a great opportunity for the weight management market.
Some of the restraints for the market include a high cost of equipment and special diets offered under weight management programs. Also, regulations related to dietary supplements and other weight management diet products due to the possibilities of health effects can affect the market growth in the long run.
Growth Factors
Rise of Health Concerns like Obesity:
Urbanization and development have severely affected the dietary and living patterns of the people. With the high consumption of junk food, low physical workout, increasing consumption of tobacco, smoking, etc., problems like obesity and CVDs have increased significantly over the years. Obesity is a disease that arises from the excessive accumulation of fat inside the body.
This problem arises when the calorie intake by the body severely exceeds the calorie burned by it. According to WHO, obesity has nearly tripled since 1975, and around 39 million children under the age of 5 were obese or overweight in 2020. These concerns are alarming and thereby call for weight management adoption.
Growing Awareness:
With the growing literacy rate and increasing awareness programs by the governments, NGOs, and other public institutions, the weight management market is expected to drive in the coming years.
Growing pollution, health effects from active and passive smoking, lack of physical workout, hectic urban life, etc., have laid the people's focus on physical maintenance and healthy aging. With the growing disposable income, people have started adopting weight management diets and workouts and have become more aware of self-care, and these factors combined are expected to give a boost to the weight management market.
Role of AI in Weight Management Market:
Artificial Intelligence has become a part of almost every sector and industry around the globe, and its inclusion in weight management is something noteworthy. Weight management-specific companies today are focusing on the power of AI to deliver easy to adapt weight-management mechanisms.
These AI-powered programs tend to become popular among the people with the growing advancement. For instance, recently, CSIRO Total Wellbeing Diet launched Hope, an AI weight loss coach that uses psychological techniques to motivate people during workouts and diets. Therefore, including AI in this market holds an excellent perspective for the weight management market development.
Restraints
High Price of Special Diets:
It has been observed that special diets like low-carb diets, ketogenic diets, low-fat diets, etc., mapped by the companies are generally very expensive. These diets include particular vitamin and protein products that are generally expensive and difficult to be purchased by lower and middle-income people. To substitute for the loss, these people opt for free and low-cost weight management techniques like walks, jogging, exercise, Ayurveda, yoga, etc. This is expected to create some restraints for the market in the coming years.
Increasing Regulation over the market:
Currently, the weight management market stands a chance to apply stringent regulations to keep a regular check on the market. This is because, in the past, several fraud diets, supplements, and food meals that claimed to reduce the weight of people showed many side effects as well like nausea, headache, allergies, etc. This has called for the need to strictly regulate the market, which can hamper the market growth as well.
Segmentation:
By Diet
Food and Meals
Beverages
Supplements
By Equipment
Fitness Equipment
Surgical Equipment
Others
By Service
Fitness Centers
Consulting Services
Online Weight Programs
By Delivery Channel
Online
Offline
Key Topics Covered:
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. WEIGHT MANAGEMENT MARKET ANALYSIS, BY DIET
5.1. Introduction
5.2. Food and Meals
5.3. Beverages
5.4. Supplements
6. WEIGHT MANAGEMENT MARKET ANALYSIS, BY EQUIPMENT
6.1. Introduction
6.2. Fitness Equipment and Services
6.3. Surgical Equipment
6.4. Others
7. WEIGHT MANAGEMENT MARKET ANALYSIS, BY SERVICES
7.1. Introduction
7.2. Fitness Centers
7.3. Consulting Services
7.4. Online Weight Programs
8. WEIGHT MANAGEMENT MARKET ANALYSIS, BY DELIVERY CHANNEL
8.1. Introduction
8.2. Online
8.3. Offline
9. WEIGHT MANAGEMENT MARKET ANALYSIS, BY GEOGRAPHY
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Emerging Players and Market Lucrativeness
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Vendor Competitiveness Matrix
Companies Mentioned
Cybex International
Herbalife Nutrition Ltd.
NutriSystem, Inc
Life Fitness
Technogym SpA
Weight Watchers International Inc.
Aspire Bariatrics
Jenny Craig Inc.
Gold's Gym International, Inc.
Glanbia Plc.
GNC Holdings Inc.
For more information about this report visit https://www.researchandmarkets.com/r/o1fdbv
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