Weight Control Products: A Global Strategic Business Report
San Jose, California (PRWEB) February 25, 2008
As stated by the recent report published by Global Industry Analysts, Inc., world weight control products market is projected to maintain an impressive CAGR of 7.04% over the 2001-2010 analysis period and reach about US$35.7 billion by 2010. By the year 2015, the market is further projected to reach US$52.5 billion. Growing concerns about the risks associated with obesity will be the prime factor driving sales of weight control products the world over. The United States, with a share estimated at 40.53% in 2007, constitutes the largest market, and is forecast to grow at a CAGR of 6.90% over the 2001-2010 period. Among the product markets, light foods is forecast to grow at the fastest CAGR of 10% over the aforementioned analysis period. Weight control carbonated and other liquids market, the largest segment in the world market, is projected to reach US$24.2 billion by the year 2015. Sales in the weight control dressings market worldwide are projected to grow at a CAGR of 7.90% over the years 2001 to 2010. Other weight control product segments independently analyzed include Low-Fat & Fat-Free Dairy Products, Prepared Intakes, and Herbal Supplements.
Hectic lifestyles, and sedentary work-styles are taking their toll on peoples' health. With less time to spare for healthy pursuits the tendency to gain weight is higher. Improper dietary habits such as over eating and lack of adequate exercise are primarily responsible for obesity related problems. Busy lifestyles leave little or no time to prepare nutritious meals/intakes, while working out of desktops, and eating out at fast/junk food outlets play havoc with the body's natural metabolism. In such conditions, it becomes all the more important to control and mange weight. While many manage to lose weight, very few are able to control the same beyond a few years and most people regain the weight lost. Although intensive efforts are required to lose weight not many realize that weight control is equally important and similar effort is needed for controlling weight. Obesity and overweight statistics across the world, particularly in the United States offer profound business opportunities for companies operating in this industry.
Expanded market opportunities exist for weight control products targeted at children, given the alarming rise in obesity rates among children. Child obesity is widely prevalent in the United States, Europe, Australia, and China. In the UK alone, overweight or obesity rate among children under the age bracket of 2-10 years, since 1995 has increased from 21% to 28% in 2003. Given the calorie-rich diet of the average American in the United States, obesity rates among children under the age 12-19 years had virtually quadrupled, during 1970s to early 2000s. Prevalence of obesity is widespread in developed countries, influenced largely by lifestyle patterns, and eating habits. Indicative of the emerging epidemic of obesity in developing countries, China has evolved into an obese nation in recent years. In China, children, teenagers, and young adults in urban areas are particularly susceptible to this widespread condition. Eating fat-rich food products, and sedentary pastimes such as computer games and television are touted to be the two major reasons for child obesity in the country.
Major companies covered include Abbott Laboratories, EAS Inc, Abbott Nutrition, Coca-Cola, Genisoy Food Company Inc., HJ Heinz, Idea Sphere Inc., Twinlab Corp., Kraft Foods Inc., Mead Johnson Nutritionals Nestle SA, PepsiCo Inc., Rexall Sundown Inc., The Groupe Danone, Unilever, Slim-Fast Foods Co., and Schiff Nutrition International Inc.
The report titled "Weight Control Products: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, issues, and challenges. Richly annotated with authoritative, and unbiased commentaries, and hard-to-find statistical facts, the report provides unequivocal views on future potential while throwing light on the prevailing climate in key regional markets. Latent demand patterns in product markets are quantified across major geographic market verticals including United States, Canada, Japan, France, Germany, United Kingdom, Italy, Spain, and Russia, and Asia-Pacific, among others. Also provided in the report is an enumeration of recent mergers, acquisitions, and other strategic industry activities.
For more details about this research report, please visit http://www.strategyr.com/Weight_Control_Products_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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