Market Size of North America Weight Management Products Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 8.12 Billion |
| Market Size (2029) | USD 10.06 Billion |
| CAGR (2024 - 2029) | 4.38 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Weight Management Products Market Analysis
The North America Weight Management Products Market size is estimated at USD 8.12 billion in 2024, and is expected to reach USD 10.06 billion by 2029, growing at a CAGR of 4.38% during the forecast period (2024-2029).
- Consumers have started viewing healthy weight as the basis of overall well-being. Hence, consumers are seeking products that can help them in weight management. Weight management supplements contain minerals, herbs, and fiber in various combinations and amounts to manage weight.
- With obesity and diabetes becoming major health concerns, there has been a rise in the popularity of weight management supplement products across all age groups. These days, consumers are showing interest in consuming weight loss supplements that offer weight loss and help improve the immune system, build muscle mass, and other benefits.
- Furthermore, the market is likely to be driven by the rising demand for preventive health practices to live a healthy and disease-free life. According to the Harris poll report, in 2021, around 15% of adults in the United States reported having at least two chronic medical conditions. According to a survey conducted by Research America, as of 2021, around 5% and 3% of people in the United States were suffering from obesity and diabetes, respectively.
- Thus, major brands are shifting their focus to offering weight loss supplements that can also provide balanced nutrition, vitamins, and minerals, resulting in a complete nutrition package. They are also competing based on these new products that focus more on overall wellness than just reducing weight.
- Emphasis is placed on new product development, merger, expansion, acquisition, and partnership of the companies as strategic tactics used by the top companies to increase their brand presence among customers. The market is primarily driven by rising obesity and chronic diseases, rising awareness about nutrition and healthy lifestyles, an increasing number of fitness centers, and rising disposable income across the region. In addition, an increasing number of regional health and fitness clubs fueled the market's growth. Moreover, product innovations by leading players, such as herbal and organic slimming products, are boosting the market's growth.
