Increasing Demand for Healthy Foods & Beverages to Regulate Weight Amidst Rising Concerns over Obesity to Drive Growth in the Weight Control Products Market
Global
Weight Control Products market is projected to reach US$30.9 billion by 2024,
driven primarily by the growing concerns over increasing obese and overweight
population and the subsequent consumer shift towards healthy foods and
beverages as a weight management strategy.
Obesity, which results from energy imbalance between
calories consumed and calories expended, is emerging as one of the major issues
confronting the healthcare sector across the world. Fueled by rising income
levels, increasing affluence, growing preference for processed foods, reduced
physical activity and sedentary lifestyles, obesity has reached pandemic
proportions worldwide. Though not regarded a disease by itself, obesity is
known to increase the risk of related chronic health conditions such as type 2
diabetes, hypertension, osteoarthritis, obstructive sleep apnea, cardiovascular
risks, cancer, and chronic musculoskeletal problems, among others. The most
efficient approach for achieving the desired BMI involves consumption of only
that many calories as required to meet the daily needs. Comprising food,
beverage and supplements, weight control products assist in reducing the total
body mass index (BMI). Such products assist people in managing weight, and
reduce the risk of several weight-related health condition such diabetes, high
blood pressure and cardiovascular disease, among others.
The rising threat of obesity epidemic and the
considerable increase in associated healthcare costs are fueling growth in the
global weight control products market. The growing threat of obesity epidemic,
specifically among children, is leading to high demand for foods and beverages
that can assist the body in rapidly reducing excess carbohydrates and fat.
Rising awareness about obesity-related health issues is driving consumers to
cut down sugar consumption, with manufacturers responding to this change by
developing reformulated products to meet the escalating demand for low-sugar and
low-calorie
foods. The growing desire of people to stay healthy and fit along with the
increasing number of fitness and slimming centers being established due to
consumers’ shift towards healthy lifestyles augur well for the weight loss
products market. Also driving market expansion are factors such as the ongoing
shift towards non-invasive treatments, rising preference for preventive
healthcare due to mounting healthcare costs; and development of a broad
range of innovative food and beverage ingredients and additives that aid weight
control. In particular, people are opting for weight loss products as against invasive
and expensive bariatric surgical procedures. Government initiatives and
awareness programs aimed at promoting healthy lifestyles, against the backdrop
of rising threat of obesity epidemic, are also fueling growth in the weight
loss products market.
As stated by the new market research report on Weight
Control Products, the United States represents the largest regional market,
worldwide. Increasing affluence, rising preference for convenience food products
as well as sedentary lifestyles are the major factors causing the alarming rise
in obesity in the US, thus driving demand for weight control foods and
beverages. Market growth is also supported by the desire to stay healthy,
maintain active lifestyles as well as the general perception of prevention of
diseases being safe and cost-effective than cure. Asia-Pacific is forecast to
register the fastest CAGR of 6.6% over the analysis period. Expanding obese and
overweight population, underpenetrated nature of the market, increasing
purchasing power, and growing demand for nutrient-rich and healthy foods
represent key factors stimulating demand for weight control products in the
region. Changing dietary habits, adoption of western lifestyles, increasingly
sedentary lifestyles and growing consumption of fast foods in countries such as
India and China is increasing the prevalence of obesity in the region, driving
focus onto weight control products as a weight management strategy.
Major players in the market include Abbott Nutrition,
Amway, Atkins Nutritionals Inc., The Coca-Cola Company, Global Healing Center,
Herbalife International of America Inc., Iovate Health Sciences International
Inc., Hydroxycut, Nestlé Health Science S.A, Nutrisystem Inc., PepsiCo Inc., SlimFast,
Sunrider Corporation dba Sunrider International, The Kraft Heinz Company, The
Nature's Bounty Co., and Twinlab Corporation, among others.
The research report titled “Weight
Control Products - Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe),
Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and
Rest of Latin America), and Rest of World. The report analyzes the global,
Canadian, Japanese, Europe (Total), Asia-Pacific (Total), Latin America (Total)
and Rest of World markets by the Product Types - Meal Replacements, Weight Loss
Beverages and Weight Loss Supplements.
Global Industry Analysts, Inc. 6150 Hellyer
Ave., San Jose CA 95138, USA, All Rights Reserved.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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