Weight Control Products Market Scope
Market Research Future (MRFR) believes that the weight control products market will cover considerable ground and capture a substantial growth rate between 2020 and 2027 (the assessment period).
Growth Drivers and Impediments
What are the key driving factors for the growth of the weight control products market?
The World Health Organization confirms that obesity cases have nearly tripled since 1980. In the year 2016, over 1.9 billion adults were overweight, of which more than 650 million 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 increasingly 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, strong economic growth and rising disposable income could ensure impressive market growth in the following years.
Millennials are increasingly going for natural weight control products, prompting manufacturers to introduce sugar- 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, Monsanto, ICL, and Sumitomo Chemical.
Most of these companies are positioned strongly in the global market since commercially available products are few and brand name is the only factor inducing sales. Besides, these players make strategic moves like manufacturing capacity expansion, new product launches, and acquisitions to improve their rankings in the global industry.
Segmentation Analysis
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 and shakes, green tea, fat loss and fat gain supplements, and more. The market for meal replacement smoothies and shakes is doing particularly well, especially in emerging regions. Meal replacement smoothies and shakes have an 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 a rising number of promotions on social media, lower risks to health, and successful results at affordable costs. Besides, emerging trends in minimally invasive procedures also augment the segment’s growth in the market.
Weight control products market share 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 regions for weight control products market analysis are North America, Europe, Asia Pacific (APAC), and the Rest of the-World (RoW).
Europe and North America form the biggest value markets for weight control products, generating the most revenues. Slimming products as well as weight loss or diet 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 their evolving preferences.
Asia Pacific will continue to make the fastest progress in the years ahead, thanks to the peak interest of consumers in maintaining a healthy lifestyle. The 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, are introducing low-calorie premium products while also focusing on bolstering their regional presence. Consumers in APAC are increasingly 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, NeoraFit. NeoraFit is a combination of advanced weight-loss supplements that can be smoothly incorporated into daily routines along with practices that facilitate a healthy life. NeoraFit weight control formulations support the body’s fat-burning process, which helps the consumer reach their goals safely
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Weight Control Products Market:WiseGuyReports.com adds “Global Weight Control Products Market Research Report 2020 Analysis and Forecast 2026” reports to its database.Executive SummaryThe report lays out a detailed form of database with regard to the recent discoveries and the key technological advancements in the industry, along with the assessment of the impact that these developments can have on the growth prospects of the market.
The report primarily focuses on the business conditions coupled with the potential headways as well as the entryways in the global Weight Control Products market.
The continually changing dynamics in the market have also been appraised by the experts.
In summary, the report throws light on the market status throughout the forecast period, which starts with 2020, and ends with 2026.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5462301-covid-19-impact-on-global-weight-control-products-market-insights-forecast-to-2026Primary Boosters & ChallengesApart from offering an in-depth appraisal of the main dynamics that mold the Weight Control Products market, the report also outlines the pricing record, volume trends and the market size in the coming years.
The significant opportunities, challenges along with the primary boosters are also outlined in the report, for providing an enhanced comprehension of the market.Regional StudyThe opportunities, threats, inadequacies and strengths in the Weight Control Products market have been elucidated in the report, with respect to certain regions.
The oncoming and the latest trends combined with the market size across these regions are provided in this section of the report.Method of ResearchThe Weight Control Products market research provides hands-on data, after an acute analysis conducted by the experts, who have used the Porter’s Five Force Model’s parameters.
