Weight Control Products Market Revenue, Gross Ratio, Driven Factors, Regional Outlook, Forecast
Market Scope
Market Research Future (MRFR) believes that
the weight control products market will cover considerable grounds and capture
a substantial growth rate between 2020 and 2027 (assessment period).
Growth Drivers and Impediments
The World Health Organization confirms that
obesity cases have close to tripled since 1980. In the year 2016, over 1.9
billion adults were overweight, out of which, more than 650 million adults were
obese. This alarming rise in obesity has led to higher cases of type 2
diabetes, hypertension, stroke, heart disease, mental illness, and osteoarthritis.
Given the strong association of obesity with such a variety of health issues,
consumers are progressively opting for weight control products. Trends
including getting fit, remaining in shape, eating healthy and being active have
gained significant traction, aided by commercial programs, like NutriSystem,
Jenny Craig and Weight Watchers, and are bound to favor the global market in
subsequent years.
The younger generation is gradually
shifting towards portable, inexpensive, and safe to consume meal replacements
like nutrition bars and shakes, which should benefit the global industry to a
large extent. Meanwhile the strong economic growth and rising disposable income
could ensure an impressive market growth in the following years.
Millennials are increasingly going for
natural weight control products, prompting manufacturers to introduce
sugar-free and calorie-free ranges. This will be a favorable scenario for
manufacturers who are striving to reformulate their products in order to
elevate their appeal among consumers.
Renowned Players
The renowned companies active in the global
weight control products market are BASF, Dow Agrosciences, Syngenta, Bayer AG,
Agrium, Monsanta, ICL and Sumitomo Chemical.
Most of these companies are positioned
strongly in the global market, since commercially available products are less,
and brand name is the only factor inducing sales. Besides, these players make
strategical movies like manufacturing capacity expansion, new product launches
and acquisition to improve their rankings in the global industry.
Segmental Review
To present an extensive framework of the
Weight Control Products industry, the MRFR report has outlined product type,
surgery, and application as the key segments.
Product types discussed in the report include
Energy drinks, meal replacement smoothies/shakes, green tea, Fat loss & fat
gain Supplement, and more. The market for meal replacement smoothies/shakes is
doing particularly well, especially in emerging regions. Meal replacement
smoothies/shakes have extended shelf-life and are easy to store. Gyms and other
health centers encourage their clients to go for meal replacement smoothies and
shakes to inculcate healthy practises.
Surgery-wise, the global market caters to
bariatric surgery and liposuction. Liposuction is a popular surgery backed by
rising number of promotions on social media, lower risks to health, and
successful results at affordable costs. Besides, emerging trends of minimally
invasive procedures also augment the segment’s growth in the market.
Weight control products market size have
applications in oilseeds, fruits & vegetables, grains, and more. The grains
segment has taken the lead, as these facilitate quicker weight loss and are
therefore, preferred by consumers seeking faster results.
Regional Insight
The primary weight control products market analysis
are North America, Europe, Asia Pacific (APAC), as well as the
Rest-of-the-World (RoW).
Europe and North America form the biggest
markets for weight control products, generating maximum revenues. Slimming
products as well as weight loss or dieting supplements are popular in these
regions, with millennials representing the leading consumer base. Increased
focus on having a fit body and the mounting number of dieters in the region are
encouraging local players to bank on social media sites to create brand awareness.
Consumers in these regions are increasingly opting for clean and natural weight
control products market revenue with no GMOs, preservatives, or artificial
sweeteners, thereby pressuring manufacturers to come up with reformulated
products to cater to the evolving preferences.
Asia Pacific will continue to make the
fastest progress in the years ahead, thanks to the peaked interest of consumers
in maintaining a healthy lifestyle. Growing prevalence of the western lifestyle
along with the surge in disposable income has been favorable. Meanwhile,
players are presented with lucrative opportunities in this region and
therefore, introducing low-calorie premium products while also focusing on
bolstering their regional presence. Consumers in APAC are progressively opting
for teas and coffees that accelerate weight loss. Additionally, the government
is proactively striving to spread awareness about obesity, which should also
enhance the sales of weight
control products market trends in the region in the years to come.
Latest Updates
January 2021
Neora, a well-known seller of science-based
wellness and health products, has introduced its latest weight management range
named NeoraFit. NeoraFit is a combination of advanced weight-loss supplements
that can be smoothly incorporated into daily routine along with practises that
facilitate a healthy life. NeoraFit weight control formulations support the
body’s fat-burning process, which helps the consumer reach their goals safely
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
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