Global Weight Management Products Market: Overview
A raft of weight management products have inundated the market these days. They range from food products to medical aids. They not just help people to tackle weight issues such as obesity and unnecessary weight gain, but also lower chances of weight-related health conditions such as high blood pressure, diabetes, cardiovascular diseases, etc. Some of the common weight management products are weight loss supplements, meal replacement foods and shakes for slimming, and extracts such as creams and diet patches. The products are mostly sold via supermarkets and drugstores.
A report by Transparency Market Research offers key insights into the dynamic global weight management products market. It segments the market on the basis of different parameters and provides an elaborate qualitative analysis of factors driving and restraining it. It studies its future potential too. The report furnishes a market attractiveness analysis and market share analysis by key players, thus presenting an in-depth peek into the prevailing competitive scenario in the global weight management products market.
Global Weight Management Products Market: Drivers and Trends
The increasing prevalence of obesity and efforts to thwart unwanted weight gain has been at the forefront of driving growth in the global weight management market. Health experts are often left with little choice other than prescribe a host of weight management products to consumers having a hectic schedule which leaves them no time for workout or prepare healthy meals. Thrust on research and development programs to innovate products too has filliped the market along with increasing membership for health clubs.
Countering the growth in the global weight management products market is the expensiveness of the low-calorie foods and the deceptive claims about the properties of drugs by their marketers. Such claims are mostly not backed up by clinical research. Another major restraint to the market has been the increasing concerns voiced by researchers and health experts about the serious health consequences some of the products can have. In fact, the Food and Drug Administration in the U.S. has already prohibited the use of certain popular ingredients in weight loss products due to the side effects they have. The side effects include, increased heart rate, diarrhea, kidney problems, high blood pressure, and even liver damage.
Global Weight Management Products Market: Geographical Outlook
Based on geography, the major segments of the global weight management products market are Asia Pacific, North America, Europe, and the Rest of the World. Of these, North America and Europe are leading markets on account of a flurry of products available in their markets, which in turn is due to the concentration of the key players in the two regions. Other regions, however, hold a lot of potential and are slated to catch up soon with the Europe and North America markets. This is because the problem of obesity is no longer restricted to the advanced western countries. With the rising fortunes of the middle class worldwide leading to a changed lifestyle, weight issues seem to be dogging people of all age groups almost everywhere in the world. And this would stimulate the market for weight management products in the Asia Pacific and the emerging economies in the Rest of the World.
Companies Mentioned in Report
To furnish a thorough assessment of the competition prevailing in the global weight management products market, the report profiles companies such as Abbott Nutrition, Bio-Synergy Limited, Ajinomoto Co Inc., Amer Sports Corporation, Nestle, Atkins Nutritionals, Kraft Foods, Body-Solid Inc., Kellogg Company, and Medifast Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.