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World Weight Loss and Obesity Market - Opportunities and Forecasts, 2017 - 2023

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    Report

  • September 2019
  • Region: Global
  • Allied Market Research
  • ID: 3773029

Obesity is a medical term used when excessive accumulation of fat occurs in the body. It may have numerous adverse effects on health, which increases the chances of occurrence of diseases and ultimately reduces life expectancy of an individual. Some of the diseases to which an obese individual is prone include type II diabetes, heart diseases, osteoarthritis and even certain types of cancer. One-third of adults in the U.S are obese. The rising pace of obesity and chronic diseases is creating the need for weight loss programs and obesity management. The increase in heath concern, high disposable income and technological advancements are driving the growth of this market. The availability of low cost substitutes and expensive customization is limiting the growth of this market. The increasing rate of obesity among children provides significant opportunities for growth of this market.

By Dietary Supplements

On the basis of dietary supplements, this market can be classified into food, beverages and supplements. The dietary food includes low-calorie meals, sugar-free confectionaries, organic food and meal replacements. The dietary beverages comprise of green tea, low-calorie drinks and slimming water. The weight loss supplements include protein, fiber and conjugated tea extract.

By Fitness and Surgical Equipment

On the basis of fitness and surgical equipment, this market can be classified into cardiovascular training equipment, strength training equipment, body composition analyzers, fitness monitoring equipment, minimally invasive surgical equipments and non-invasive surgical equipment.

By Services

On the basis of services, this market can be classified into fitness clubs, slimming centers and nutrition and psychological consulting services. The major factor driving growth of this segment is personalized approach towards weight loss.

By Geography

Based on geography, this market can be classified into North America, Europe, Asia-Pacific and LAMEA. Presently North America is the largest market for weight loss products followed by Europe. However, countries in Asia-Pacific region such as India and China are expected to grow at a faster rate.

Competitive Analysis

The major players in this market are Ajinomoto Co. Inc., Brunswick Corporation, Gold’s Gym International, Inc., Herbalife Ltd., Johnson Health Tech Co. Ltd., Nestle SA, Pepsico Inc., The Coca-Cola Co. and Nutrisystem Inc. The companies are focusing on product launch to capture market share. Nestle recently came up with a range of products under the brand name OPTIFAST, which is clinically proven to aid in weight loss. Pepsico and Coca Cola are using stevia for sweetening their beverages. Stevia is a sweetener with very low calories.

High Level Analysis

This report analyzes the global weight loss and obesity market, its drivers, opportunities and key concerns. The market scenario is analyzed using Porter’s five forces model. This model explains the components of the industry such as bargaining power of buyer and supplier, threat of substitutes, threat to new entrants and industrial rivalry. This market faces high threat from substitutes and there exists intense competition among the market players.

KEY BENEFITS

Estimations are made by considering current market trends, and future potential investment for analysis period 2014-2020
In-depth analysis of market growth drivers, restraints and opportunities is done to assist the stakeholders in understanding the various factors affecting this market
The market is segmented based on dietary supplements to provide an understanding of the available products
The geographical segmentation helps in analyzing the market leaders and exploring upcoming markets
The industrial scenario is explained using Porter’s five forces model, which would help in formulating new strategies


Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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