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The global weight loss and diet products market are growing at the significant pace over the forecast period (2018-2023). The industry has observed high demand in the past decade. Both demand and production of weight loss equipments and diet products will expand in the coming years. Rise in the obese population, lifestyle changes, and strong government funding and support is likely to spur the demand. Emerging regions are anticipated to experience rapid adoption of weight loss and diet products further.Weight loss meal replacements and dietary supplements are progressively sold via online distribution, direct distribution, and health & beauty stores. Hypermarkets and supermarkets are chief distribution channels for better-for-you food & beverages. Also, small retail formats such as grocery stores and departmental stores are growing to compete with big scale set-ups.
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Technological advancements along with augmenting membership for health clubs have amplified the growth. The global market is sliced into diets, equipments, services, and regions. Diets include supplements, equipments, and meals. Meals encompass low-calorie sweeteners, meal replacements, and low -calorie diet. Supplements are green tea extract, protein, fiber, and conjugate linoleic acid. Meals replacements are expanding at the healthy CAGR over the review period.
Key equipments are surgical, noninvasive, and fitness. Fitness equipment comprises strength training and cardiovascular training equipment. Surgical equipments are noninvasive and minimally invasive.
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Services in the global industry are fragmented into online weight loss programs, slimming centers, fitness centers, and consulting services. On the basis on geographies, the global weight loss, and diet products market is split into North America, Asia, Europe, and Rest of the World (RoW).
North America consumed for the highest shares globally. Asia Pacific is projected to attain notable volumes in the coming years. China is projected to be the leading country. Expanding diabetic and obese population is expected to attribute to regional growth.
Escalating disposable income, lower cost of bariatric surgeries and sedentary lifestyles could endorse medical tourism in this region. This will positively affect the total industry growth. Key manufacturers in overall weight loss and diet products market encompass Kellogg Company, Atkins Nutrionals, Herbalife, and NutriSytems. Herbalife products are vastly sold in the global market.
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