November 16, 2010 10:08 ET
Spending on Weight Loss Products to Reach More Than $134 Billion in 2014
ROCKVILLE, MD--(Marketwire - November 16, 2010) - MarketResearch.com has announced the addition of BCC Research's new report "Weight Loss Markets: Products, Services, Foods and Beverages" to their collection of Diseases & Conditions market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2866765
As the number of overweight and obese individuals in the United States grows at epidemic rates, business opportunity abounds. While businesses addressing the needs of the overweight and obese will continue to find relevancy in traditional products and services, the weight loss market continues to evolve and benefit from innovation. This study analyzes all of these trends through 2014.
In 2009, the market for weight loss products and services was worth nearly $121 billion. BCC anticipates this market will expand at a compound annual growth rate (CAGR) of 2.2% during the forecast period, resulting in a projected market size of more than $134 billion in 2014.
Foods and beverages are the largest category in the ingested goods market. This segment was valued at nearly $79 billion in 2009. Food movements, growing sub-segments, and healthy eating trends should drive growth in this sector at a 2% compound annual growth rate (CAGR) to reach more than $86 billion by 2014.
Nutraceuticals are the second-largest product segment, after foods and beverages. Retail sales in 2009 topped $3.6 billion and are expected to grow at about a 1.4% compound annual growth rate (CAGR) through 2014 to reach $3.9 billion.
This study incorporates four major industry categories related to the weight loss market: ingested goods, non-ingested goods, consumer services, and medical services. It analyzes each commercial and technological element as it relates to current market status and its impact on future markets. It presents forecasts of growth during the next 5 years. In addition, the dynamics of consumer behavior are analyzed as they relate to the weight loss market.
For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2866765