New York, United States – March 23, 2022 —
Market Overview
Weight management products are dietary supplements that aid in weight loss. They are a time-tested method for losing weight, eating healthy meals, reducing calories, and increasing physical activity. Weight management products contain a variety of substances, including herbs, fibre, and minerals, in variable amounts and combinations, and are available in a variety of formats, including pills, liquids, capsules, and powders.
The weight control products market size is estimated to reach USD 295.3 Billion by the year 2027. During the forecast period 2021-2027, this market will have a 7% CAGR.
Market Dynamics
Weight management product purchases as a preventive measure for health and wellbeing are likely to stay robust during the projection period. However, the introduction of functional foods into the market may introduce certain distortions, influencing the sales of fat-burning supplements. A new younger generation of dieters is emerging and demonstrating an interest in safe, portable, and affordable meal replacements such as shakes and nutrition bars. This combined with a better economy and increased disposable income will have a significant and impressive effect on growth by 2026. Numerous goods are prohibitively expensive, some may interact with or interfere with drugs, and a few may be dangerous, impeding market expansion.
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Obesity is a highly debated topic in nations such as the United States, the United Kingdom, and Germany, where the rate of obese people has been increasing despite government efforts to rein it in. Consumer dependence on pre-cooked meals, fast foods (mainly junk food), and sweet indulgence are only a few of the eating habits that contribute to the rise of trends.
Segmental Analysis
The global market for weight control products can be classified by product type, surgical procedure, and application.
The global weight control products market can be categorized based on product type into meal replacement smoothies/shakes, energy drinks, fat loss & fat gain supplements, and green tea.
The worldwide weight control products market is classified surgically into liposuction and bariatric surgery.
The weight control products market is segmented by application and covers grains, oilseeds, fruits & vegetables, and others.
Regional Overview
The global weight control products market is segmented geographically into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW).
North America and Europe now dominate the weight management products industry, accounting for a sizable portion of worldwide revenue. These regions place a high premium on slimming products and diet supplements. In North American countries such as the United States, more than two-thirds of adults and almost one-third of children and adolescents are overweight or obese. Lifestyle adjustments such as adopting a healthy eating pattern, lowering caloric consumption, and increasing physical activity form the foundation for long-term weight loss. Consumers regard diet and lifestyle modifications to be challenging and, as a result, prefer fat burn pills for weight loss in the hope that these products can assist them in achieving their weight-loss goals.
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Additionally, the APAC area exhibits tremendous market potential. With India and China as significant market competitors, the area offers considerable potential. The rise is pretty noteworthy for the area market for weight management products. People are increasingly choosing meal replacements over traditional foods. Government programmes are also raising awareness about obesity, which has the potential to significantly enhance the market during the projection period.
Competitive Dynamics
The global weigh control products market is characterised by fierce rivalry, with numerous players employing a variety of techniques to remain competitive. Major firms are working on product innovation in order to extend their market presence, strengthen their brand portfolio, and cater to a variety of consumer tastes. Consumers favour innovative weight loss solutions, such as fat burners, as evidenced by the tastes and unusual packaging. The big businesses are concentrating their efforts on providing new products to the market to meet consumer demand.
Prominent players profiled in the global weight control products market report include Dow AgroSciences, BASF, Bayer AG, Syngenta, Monsanto, Agrium, Sumitomo Chemical, ICL, and others.
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