Weight Control Products Market Scenario
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.
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Key Vendors
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.
Industry Update
January 2019 – SlimFast has launched a new suite of weight control products that are based on the keto diet. The products are formulated on the principles of ketogenic nutrition, which is high-fat, low-carbohydrate and moderate-protein, with the line consisting of shakes, bars, fat bomb snacks and various other products that are consumed in place of meals. This helps shift the body's primary fuel source from carbohydrates to fat, leading it into a state known as ketosis.
Industry Trend
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.
Market Segmentation
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.
Regional Analysis
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.
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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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