Globally, the number of people suffering from obesity has increased significantly over the years. Unhealthy eating habits and sedentary lifestyles are the major factors responsible for the rising obesity rates across the globe. Governments across the globe have identified the immediate need to improve the health and well-being of the population and are taking necessary steps to increase the awareness for the same. In addition to favourable government initiatives, the awareness about health and well-being has increased among the population in several countries, and people are increasingly focusing on leading a healthy lifestyle. These factors are creating a favorable environment for the greater uptake of weight loss and weight management products and services across the globe.
According to research report the weight loss and weight management market is expected to reach USD 245.51 billion by 2022 from USD 165.81 billion in 2016, at a CAGR of 6.9% from 2017 to 2022.
Major Market Developments
- In 2017, Conyers Park and Atkins combined to form a new holding company, The Simply Good Foods Company. This company is expected to expand its platform through investment opportunities in the snacking space and broader food category.
- In 2017, Brunswick partnered with VirZOOM To launch the VirZOOM solution, which is expected to transform Life Fitness’s Discover SE3 bikes into a virtual reality experience.
- In 2016, Brunswick acquired Indoor Cycling Group (ICG). The acquisition expanded Brunswick’s portfolio of fitness products.
- In 2016, Atkins partnered with Chef’d to launch a low carb meal solution for health-conscious consumers
