Global Weight Management Products Market Size, Status and Forecast 2020-2025
The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on market, capacities and technologies and on the changing structure of the Weight Management Products.
Global weight management products market is projected to grow at a CAGR of 8.6 % during the forecast period.
Purchasing decisions of weight management products as a preventive approach to health and wellness is expected to remain strong during the forecast period. However, the emergence of functional food in the market can cause certain degree of distortions, affecting the sales of fat burn supplements. Obesity is one of the immensely discussed terms across countries, such as the United States, the United Kingdom, and Germany, where the rate of obese population has been escalating, amid government plans to curb the growth. The dependency of consumers, in terms of consuming precooked meals, fast foods (mostly junk), and sweet indulgence are some of the eating habits that assist the rising trends Asia-Pacific is the fastest-growing weight management market, with sales of weight management products increasing at a faster pace. The majority of these sales are split between China, Japan, and South Korea.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Weight Management Products Market: General Nutrition Centers Inc, Glanbia PLC, Herbalife Nutrition Ltd, Amway Corp., Beneo, NUTREX RESEARCH, SAN Corp, Kellogg Company and others.
Key Market Trends
Health And Fitness Club Contending Toward Newer Memberships.Fitness, a term that has become a common adaptation among individuals across all regions, has developed and is reimagined with diets, nutrition, supplements, and club features. On the other hand, new routines inclusive of CrossFit, rock climbing, vigorous types of yoga, Pilates, barre classes, circuit training, have been prominent across developed countries. Such regions have witnessed a strong participation rate, followed by factors, such as lifestyle preferences, hectic schedule leading to bodily ailment, and a growing share of disposable income among consumers. According to the IHRSA (International Health, Racquet & Sportsclub Association), USD 30 billion health and fitness industry in the United States has been growing by at least 3-4% annually, for the past ten years, and shows no signs of slowing down anytime soon. If anything, its accelerating and currently, as of 2018, about 20% of American adults have a fitness club membership, a number that could easily double over the next decade. Furthermore, the cost of health insurance, along with the spending on healthcare is escalating, where insurance companies are pivoting their interest toward consumers that shows a strong inclination toward healthy lifestyles. Along with this, many employers and insurers now cover the costs of a health club membership or studio classes, as long as an employee can show they actually use them.
North America Remains The Largest MarketMore than two-thirds of adults and almost one-third of children and youngsters are overweight or obese in North American countries like the United States. Moreover, approximately 67% of those obese in the country are trying to lose weight. The lifestyle changes, like following a healthy eating pattern, reducing caloric intake, and engaging in physical activity are the basis for achieving long-term weight loss. Consumers perceive diet and lifestyle changes as difficult, and, in turn, prefer fat burn supplements for weight loss in anticipation that these products will help to achieve weight-loss goals. Manufacturers in the market promote these products with various claims, including that these products reduce macronutrient absorption, appetite, body fat, and weight and increase metabolism and thermogenesis. Also, the U.S. Food and Drug Administration (FDA) regulates weight loss supplements to ensure products are safe, and their label claims are truthful and not misleading.
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Influence of the Weight Management Products Market Report:
-Comprehensive assessment of all opportunities and risks in the Weight Management Products market.-The detailed study of business strategies for the growth of the Weight Management Products market-leading players.-Conclusive study about the growth plot of the Weight Management Products market for forthcoming years.-In-depth understanding of Weight Management Products market-particular drivers, constraints, and major micro markets.-Favorable impression inside vital technological and market latest trends striking the Weight Management Products market.
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Weight Management Products Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porters five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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