Coherent Market Insights published a business research report on Weight Loss Diet Products Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Weight Loss Diet Products Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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In order to lose weight, the most effective options to avail are to cut down on calorie intake, consumption of healthy foods, and engaging oneself in physical activities. Though, sudden change of lifestyle to adapt to these options is bit difficult and so people starts taking help of weight loss diet products (WLDP) to lose fast weight effectively. The products in the category of weight loss diet products are supplements, beverages and food items that help in managing weight.
On the basis of product, the segment of beverages reported the largest share of the market of about 44.0% in the year 2018 and it is anticipated to experience development in the predicted period. The foods included in the weight loss diet are low calorie food, low calorie sweeteners, meal replacements, and beverages like green tea, herbal tea, diet soft drinks, slimming water and others. Moreover, dietary supplements are weight loss pills and diet pills.
Rising consciousness in regard to obesity and health has accelerated the market growth of the weight loss diet products. As per World Health Organization (WHO), by February 2018, the problem of obesity tripled worldwide from the time of 1975 and in the year 2016, above 1.9 Bn adults with age from 18 years and more were overweight. Among these, about 50 Mn adults were obese. Due to the rising incidence of the standard of living, disorders like diabetes and CVD (cardiovascular diseases) owing to obesity and overweight, consumers are availing many WLDP like good-for-food and beverages, pills to reduce weight and many more. This is pushing the market of the WLDP and its growth across the world.
Furthermore, increasing figure of the weight loss surgeries also called the bariatric surgeries is anticipated to push the market growth of the WLDP in the predicted period. As per the American Society for Metabolic and Bariatric Surgery statistics issued in June 2018, in the year 2017, about 228,000 surgeries in relation to weight loss (bariatric surgery) were carried out, which rose from 158,000 in the year 2011. Increasing number of the bariatric surgeries is leading to subsequent rising use of weight loss diet products, since these products need to be taken post-surgery to stay fit and healthy. This situation is definitely paying in to the market growth.
North America reported for the major share of revenue about 31.0% in the market of WLDP worldwide in the year 2018 and is anticipated to hold its control/dominance in the predicted period. Asia Pacific is anticipated to be burgeoning in the market in the predicted period, due to the existence of the evolving countries like China, India and Indonesia and increased rate of obesity in the area.
Still, rising material cost is predicted to hinder the market growth of the WLDP in the coming future. Whey proteins price rose hastily in the recent years, since they are the main constituents in the meal replacements. Furthermore, stevia is an artificial premium-priced sweetener; its price has been raised, due to its increased demand in the world market. The application of Stevia as a constituent in food and beverages has risen, therefore, resulting in an increased price of the end-product. As per Overseas Development Institute, in the past 30 years from 2015, in the high-income countries, healthy item’s cost has raised more in comparison to less healthy options, thus boosting diets consumption leading to excess weight.
The main companies functioning in the market of weight loss diet products worldwide are Atkins Nutritionals, Inc., Herbalife Nutrition, Nestle S.A. (Optifast), Medifast, Inc., Robard Corporation, Physicians Weight Loss, Nu-Skin, Visalus, WW International, Inc., and VLCC Healthcare Ltd.
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Based on the type of product, the market of WLDP worldwide is divided into:
Based on the channel of distribution, the market of WLDP worldwide is divided into:
- Medical Stores/Pharmacies
- Online Channels
- Specialty Stores
Based on the region, the market of WLDP is divided into:
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East
- Gulf Cooperation Council (GCC)
- Rest of Middle East
- Northern Africa
- South Africa
- Central Africa
Weight Loss Diet Products Market Key Developments
- Atkins Nutritionals, Inc. in July 2016 launched its novel step-by-step meal kit for consumers who are motivated to lose weight. The offered meal has Frozen Foodie Meal Kit, Easy Peasy Meal Kit having Atkins low-carb products and Evening Chef Meal Kit. The kits are presented on the company’s ‘Atkins.com’ and are delivered to the customer’s home.
- A weight loss hydrogel ‘PLENITY (Gelesis100)’, developed by Boston based biotechnology company Gelesis, Inc., in April 2019 got the approval from U.S. Food and Drug Administration (FDA) to make its commercial entrance in the market. PLENITY, orally administered, non-stimulant, and non-systemic capsule used in the diet of weight management in adults with BMI (body mass index) of 25-40 kg/ m2. The capsule can be consumed with other weight loss products and exercise activities.
- Weight Watchers Reimagined in November 2019 introduced ‘myWW’- a customized weight-loss program. Three plans are there in the program like Green, Blue and Purple, based on the SmartPoints system of the company and ZeroPoint foods. All the plans provide food receipes in customized forms, recommendations for activity and weight management mindset skills.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Weight Loss Diet Products Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Weight Loss Diet Products Industry Impact
Chapter 2 Global Weight Loss Diet Products Competition by Types, Applications, and Top Regions and Countries
2.1 Global Weight Loss Diet Products (Volume and Value) by Type
2.3 Global Weight Loss Diet Products (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Weight Loss Diet Products Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Weight Loss Diet Products Market Analysis
Chapter 6 East Asia Weight Loss Diet Products Market Analysis
Chapter 7 Europe Weight Loss Diet Products Market Analysis
Chapter 8 South Asia Weight Loss Diet Products Market Analysis
Chapter 9 Southeast Asia Weight Loss Diet Products Market Analysis
Chapter 10 Middle East Weight Loss Diet Products Market Analysis
Chapter 11 Africa Weight Loss Diet Products Market Analysis
Chapter 12 Oceania Weight Loss Diet Products Market Analysis
Chapter 13 South America Weight Loss Diet Products Market Analysis
Chapter 14 Company Profiles and Key Figures in Weight Loss Diet Products Business
Chapter 15 Global Weight Loss Diet Products Market Forecast (2023-2030)
Chapter 16 Conclusions
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