Houston, TX -- (SBWIRE) -- 01/26/2018 -- The Weight Loss and Weight Management Market is expected to grow at a CAGR of +7% from USD +150 billion in 2018 to USD +24 billion in 2022. Factors such as increased obesity, increased frequency of bariatric surgery, and increased prevalence of lifestyle-related diseases are leading the weight loss and weight management markets around the world.
This report categorizes dietary, equipment, services and global markets by region. Depending on the type of diet, the weight loss management market is classified as meals, drinks and supplements. The beverage segment is expected to account for the largest share of the weight loss and weight management diet market in 2018.
Depending on the type of service, the market is divided into fitness centers, slimming centers, consulting services and online weight loss programs. The online weight loss program segment is expected to register the highest CAGR during the forecast period. The popularity of online programs that are provided due to the increase in Internet subscriptions and online and mobile friendly solutions is driving growth in this area.
North America is expected to dominate the market in 2018, followed by Europe. High growth in the North American market has been attributed to increased rates of obesity, increased incidence of chronic diseases, increased awareness of nutrition and health lifestyles, and increased fitness centers in the region.

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While North America is expected to dominate the market in 2018, Asian region is expected to register the highest CAGR during the forecast period. The high growth of this market is due to the increase in obesity rate and prevalence of diabetes, low cost of medical tourism promotion in the region, increase of disposable income, and an increase in awareness of nutrition and healthy lifestyle. The weight loss and weight management market offers significant growth opportunities, but the high cost of low calorie diets and deceptive marketing practices can hinder market growth.
Based on the diet, the weight loss and weight management market is classified as meals, drinks and supplements. In 2018, the beverage segment is expected to account for the largest share of the weight loss and weight management market. Growth in this area is driven by increasing diabetes worldwide.
The fitness equipment segment is planned to grow at the highest CAGR during the forecast period.

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The weight loss and weight management market by equipment is divided into exercise equipment and surgical equipment. The fitness equipment sector is estimated to have recorded the highest growth rate during the forecast period. The high growth of this sector is mainly due to the continuous technological development of fitness equipment and the improvement of gym accessibility.

North America to control weight loss and weight management market
North America is expected to dominate the global market in 2018, mainly due to increased rates of obesity and chronic diseases, increased awareness of nutrition and health lifestyles, and increased fitness centers in the region. In 2018, Europe is expected to occupy the second largest market share in this market. The increase in the prevalence of obesity and the increase in government support and initiatives to address obesity issues are key factors supporting the growth of the weight loss and weight management market in this region segment.