Weight Loss Products Market | Uses, Price, Growth, Key Players, Development StraPosted by Rishab Gupta on March 20th, 2020 Market Scenario Weight Loss Products Market is projected to register a significant growth rate of 8.95% from 2019 to 2024 and reach a market value of USD 408.36 billion by the end of 2024. Weight loss products are products which lower or control body fat level in humans. Factors resulting in overweight and obesity are high consumption of fast food, increased portion size, and lack of physical activities. Increasing body fat further pose several health risks such as high mortality rate, unhealthy cholesterol levels, and cardiovascular diseases. These factors have led to the adoption of weight loss products in daily lifestyle. The global market is majorly growing due to the increasing importance of a healthy lifestyle and ill effects of obesity. However, high cost of low-calorie diets and deceptive marketing practices are expected to hinder the market growth during the forecast period. Key Players General Mills, Inc. (US), Amway (US), Conagra Brands, Inc. (US), Cargill, Incorporated (US), Abbott Laboratories (US), Kraft Foods Group, Inc. (US), The Coca-Cola Company (US), PepsiCo, Inc. (US), Atkins Nutritionals, Inc. (US), and Brunswick Corporation (US) are some of the key players in the global weight loss products market. Segmentation The global weight loss products market has been segmented based on type, distribution channel, and region. The global market has been segmented, based on distribution channel, into store-based and non-store-based. The store-based segment has been further divided into supermarkets and hypermarkets, specialty stores, convenience stores, and others. The global market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American weight loss products market has further been segmented into the US, Canada, and Mexico. The European weight loss products market has been classified into the UK, Germany, France, Italy, Spain, and the rest of Europe. Regional Market Summary Globally, weight loss products market in North America is anticipated to be the dominating market with a market share of 47.8% in 2018. Growing incidences of cardiovascular diseases and obesity have given rise to the inclination for weight loss activities as well as increasing number of health clubs and fitness institutes are expected to boost the regional market growth during the forecast period. The weight loss products market in Asia-Pacific is projected to register the highest growth rate during the forecast period. Rising per capita disposable income and increasing awareness about nutrition and a healthy lifestyle are the major factors driving the growth of the market in Asia-Pacific Like it? Share it!More by this author |