Thursday, June 18, 2009

Global Weight Loss Market Worth US$586.3 Billion by 2014

“According to a new market research report, 'Global Weight Loss and Gain Market (2009 - 2014)', published by MarketsandMarkets, the total global weight loss market is expected to be worth US$586.3 billion by 2014, out of which the North American market will account for nearly 43% of the total revenues. The global market is expected to record a CAGR of 10.1% from 2009 to 2014. Browse 143 market data tables and in-depth TOC on weight management market. Early buyers will receive 10% customization of reports While marginal weight loss can be attained through personal efforts, weight and obesity problems require the intervention of weight management products and services. This market is driven by the growing demand for weight management services, the increasing incidence of child obesity, the increasing popularity of organic and healthy food, the emergence of Asians as big spenders on health and fitness products, and the rising health and fitness consciousness amongst women. The primary targets are individuals wanting to maintain their weight and body fitness, and those looking to lose weight quickly. The food and beverage (F&B) market is the largest segment and is expected to reach US$215.9 billion by 2014 at a CAGR of 10.8%. Devices and accessories and services markets are estimated to record revenues of US$180.8 billion and US$ 181.6 billion respectively on account of the demand for fitness services. However, drugs, supplements and cosmetics markets are estimated to be only US$ 7.9 billion in 2014. However, this market presents immense opportunities as no blockbuster drug has yet been introduced in the market. The North American market is the largest geographical segment; and is expected to be worth US$253.7 billion by 2014. Its 11.5% CAGR for 2009 to 2014 is driven by the greater availability of weight management products and services. The second largest segment is Europe, with a CAGR of 10.2%. It is expected to reach US$196.3 billion by 2014. The report is titled 'Global Weight Loss and Gain Market (2009 - 2014)' and was published in June 2009. This report aims to identify and analyze products and services that specifically enable weight reduction and management. The report segments the global weight management market as follows: […]- Weight management devices and accessories market - Cardio-equipment, weightlifting equipment, sports equipment, home gyms and multi-stack gyms, and accessories market.”

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