GCC weight loss market driven by lack of physical activity – The Bollywood Ticket

According to the latest report from IMARC Group, the GCC weight loss market size reached US$3.77 billion in 2020. Going forward, the market is expected to grow at a CAGR of 9.50% in during the period 2021-2026.

Over the years, obesity has become a major health problem in the Gulf Cooperation Council (GCC) region due to the sedentary lifestyles of the majority of the population. This has consequently led to an increase in the prevalence of diseases such as cancer, cardiovascular disease (CVD) and diabetes. Growing consumer awareness of the risks posed by obesity and related health issues has led much of the population to embrace weight loss solutions like gyms, sports clubs, weight loss centers, slimming supplements and bariatric surgery.

Market trends:

A shift in food preferences is one of the major market growth factors in the region. Due to the fast-paced lifestyle of the working population, there has been a significant shift from the usual home-cooked meals to fast foods, which are high in calories. This change has been further propelled by factors such as rapid urbanization, the growing influence of westernization, increasing disposable incomes, and the ease of access to packaged food products due to the proliferation of supermarkets and supermarkets. hypermarkets.

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Additionally, as the region experiences high average temperature throughout the year, people in the Gulf countries avoid participating in outdoor sporting events, which has resulted in a lack of physical activities. However, people are increasingly aware of the health risks associated with obesity and the need to maintain a healthy lifestyle as a preventive measure to avoid any serious health issues. All of these factors have led people to explore weight loss services and products, which are gaining popularity in the region. Other factors such as the launch of innovative variants and aggressive promotional activities by manufacturers of weight loss products and services are also contributing to the growth of the market in the region.

Key players in the global weight loss market: The Coca-Cola Company, PepsiCo Inc., Herbalife International, Kelloggs Company, eDiets.com Inc., Nutrisystems Inc., Abbott Laboratories, Weight Watchers International Inc., Medifast Inc. and Kraft Foods.

Browse the full report with detailed table of contents and list of figures and tables: https://bit.ly/3LTcRA6

Key information from the report:

Based on diet, the market has been divided into supplements, meals, and beverages. Of these, supplements represent the most preferred segment.

Based on the type of equipment, the market has been divided into fitness and surgical equipment, with fitness equipment being the most popular type.

On the basis of services, fitness centers and health clubs account for the majority of the total market share. Other major services include consultation service, surgical clinics, online weight loss programs and others.

Based on gender, men dominate the overall market, followed by women.

Based on age group, consumers between the ages of 31 and 60 show a clear dominance in the market. Other important segments include consumers aged 15-30, consumers over 60, and consumers under 15.

Geographically, Saudi Arabia holds the leading position in the market. Other major regions including the United Arab Emirates, Kuwait, Qatar, Bahrain and Oman.

Competitive landscape

The competitive landscape of the market has also been studied in the report with the detailed profiles of key players operating in the market.

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Richard V. Johnson