World Weight Control Products Market to Reach US$35.7 Billion by 2010, According to New Report by Global Industry Analysts
Weight control and weight loss has become a part of life for a large percentage of the population in developed countries. With the calorie rich diets of the cash strapped economies making the battle against the bulges fiercer, there exists lucrative opportunities for weight control and weight loss products. Weight management offers long-term opportunities. Obesity stands out as a major growth engine turbo charging the markets expansion both in terms of value and volume. Until now, obesity was considered to be an epidemic in developed countries. Lately, however, obesity is reaching alarming proportions even in developing countries. Spreading swiftly from the United States to Europe and other rich nations, obesity has today penetrated even the worlds most poorest countries, acutely afflicting their urban population.
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.
Author: Public Relations