Market Definition and Growth Factors:
According to the new report by Market Research Future (MRFR), the global weight control products market can be expected to reach greater heights globally with an exuberant CAGR over the forecast period (2016-2027).
On the flip side, the weight control products market growth can be slowed down by few restraints, including the expensive customization of the procedure. However, the market will be able to recover quickly backed by the alarming rise in obesity that has affected a large section of the global population. This will result in substantial growth in the product demand.
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Drivers and Restraints:
Transformation in the urbanscape has led to a sedentary lifestyle which gives rise to obesity. However, atthe same time, there is an increasing concern regarding health. Growing disposable income in hand and improved medical facilities, people are striving to stay in shape at present. This factor is giving a significant push to the growth of the global weight control products market.
Moreover, awareness regarding chronic diseases and technological advancements are giving way to various growth opportunities to the market. As various chronic diseases like diabetes and few types of cancer are triggered by obesity, a fact that has caused a reasonable stir among the global population who wish to live a healthier life. The healthcare industry is also benefitting from technological advancements, thus witnessing an overwhelming change in the pharmaceutical sector.This has a positive influence on the market growth of weight control products.
The leading players mentioned in the global weight control products market are BASF, Monsanto, Sumitomo Chemical, Dow AgroSciences, Syngenta, Bayer AG, Agrium, ICL, and others.
The market is continuously adopting a greater number of retail-based non-traditional channels that give dieters the option to choose diet plans through Walmart stores, Sam’s Club, Costco, Amazon, the QVC cable TV channel, infomercials. In addition, in-store healthcare mini-clinics that are operated by CVS, Rite-Aid, and others are also helping people get rid of extra weight.
Also, millennials nowadays are more concerned with their weight, thus favoring inexpensive and convenient diet plans that could help them stay in shape. These trends could be prominent market influencers as well.
The Global Weight Control Products Market is segmented by product type, by surgery, and by the application.
Product-dependent segments in the global weight control products market are meal replacement smoothies/shakes, energy drinks, fat loss & fat gain supplement, green tea.
Surgery-wise, the global weight control products weight control products market caters to liposuction and bariatric surgery.
The various applications of weight control products are grains, oilseeds, fruits & vegetables, and others.
Region-wise, the global weight control products market is analyzed for the regions of Asia Pacific, North America, Europe, and Rest-of-the-World (RoW).
At present, North America and Europe are leading the weight control products market, with a sizeable revenue share. The market in the regions is banking substantially on slimming products and weight loss supplements. Furthermore, the Asia Pacific region is depicting tremendous market prospect, with countries such as India and China being the major market competitors. The remarkable increase in the demand for the weight control products in the region has been the result of the increasing obesity and sedentary lifestyle of a large portion of the population. Moreover, a greater number of people are opting for meal replacements rather than conventional food. The regional market also benefits from various government initiatives that are striving to create awareness regarding obesity.
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