Weight Loss and Weight Management Market and its key opportunities and challenges

Posted on 2019-10-27 by MarketsandMarkets in Biotech, Healthcare, Marketing, Media, Pharmaceuticals // 0 Comments

CITY, Country, 2019-Oct-24 — /EPR Network/ —

The Weight Loss Management Market is expected to reach USD 245.51 billion by 2022 from USD 165.81 billion in 2016, at a CAGR of 6.9% from 2017 to 2022, as per a report by MarketsandMarkets.

Why increasing rate of childhood obesity presents an opportunity?

The prevalence of childhood obesity is increasing across the globe owing to factors such as the lack of physical activity and unhealthy eating habits. Cases where childhood obesity is caused due to hormonal problems are very rare. In children, the total number of inactive hours is increasing as they are spending a significant amount of time in front of the television and playing computer games. Overweight or obese children are more likely to be obese in their adulthood and are more prone to suffer from diabetes and CVD at an early age. In 2014, globally, the number of overweight children (under the age of 5) was estimated to be over 41 million (Source: World Health Organization); around half of these children are living in Asia. As a result of this trend, the demand for healthier balanced diets is expected to increase across the globe. This, in turn, will provide significant growth opportunities for players operating in the weight loss and weight management products and services market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1152

How increasing stringency of regulations poses a key challenge?

Despite less stringent guidelines by regulatory authorities, the weight loss and weight management industry face challenges in terms of meeting regulatory guidelines for the manufacturing and marketing of weight loss products, especially dietary supplements. For instance, in August 2017, Amrita Health Foods voluntarily recalled Protein Bars due to possibilities of being contaminated with Listeria monocytogenes, an organism which can cause serious and sometimes fatal infections and weaken the immune system. In May 2017, Herbalife voluntarily recalled lots of its Protein Bar – Peanut Butter as the product had chances to contain a trace amount of fish gelatin, which was added as part of a flavoring ingredient provided by a third-party supplier. Similarly, in June 2015, the Food Safety and Standards Authority of India (FSSAI) ordered the recall of four protein supplements—Mulmin Pro, Mulmin Syrup, Mulmin Plus Capsule, and Mulmin Drops from Juggat Pharma (India) as they were against the standards set by National Recommended Dietary Allowance (RDA). Hence, FSSAI recommended the rejection of the product approval. In 2014, the FDA issued 30 public notifications and recalled 7 tainted weight loss products from the US market. Also, in the same period, the FDA issued warning letters and legal cases against manufacturers who are responsible for false marketing of weight loss products. Considering such developments, quality assurance, coupled with ensuring compliance with regulatory guidelines, is a challenging task for manufacturers.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1152

Browse Related Reports:

Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Guiding Devices, Inflation Systems), Application (Cardiothoracic, Vascular, Gastrointestinal), End Users (Private Hospitals, Government Hospitals) – Global Forecast to 2021

Bariatric Surgery Devices Market by Type (Minimally Invasive (Stapling, Suturing), Non-Invasive), Procedure (Sleeve Gastrectomy, Gastric Bypass, Revision Surgery, Adjustable Gastric Banding, Mini Gastric Bypass) – Global Forecast to 2023

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Matched content

Editor’s pick