(PharmaNewsWire.Com, August 30, 2017 ) According to the report Latin America Weight Loss & Diet Management market, published by Market Data Forecast, the Market is expected to reach USD 17.4 billion by 2021 from USD 13.6 billion in 2016, growing at a CAGR of 5.02% during the forecast period, 2016-2021. Maintaining weight at a healthy level can be challenging for some people owing to complex genetic system of the body. Medical condition, lifestyle, and diet, among others are some of the factors that may contribute to weight gain in people. However, obesity is preventable and changes in diet coupled with fitness/physical activities can help in cutting down extra fat. Severe obesity can be treated through weight loss surgery (Gastric Bypass Surgery and Laparoscopic Sleeve Gastrectomy). As per recent report, it is estimated that more than 50% of the population will be either overweight or obese in Latin America by 2030.
The growth of Weight Loss & Diet Management market is majorly driven by factors such as increasing obese population, promotional strategies of companies, and increasing health and wellness concern among people. Furthermore, Latin America is experiencing epidemiologic and nutritional shift, thereby contributing towards the growth of Weight Loss & Diet Management market. The key restraints of the market are expensive low-calorie food & beverages, misleading promotional strategies, and adverse effects of low-calorie diet.
The Latin America Weight Loss & Diet Management Market is segmented on the basis of Diet, Equipment, and Services. Based on Diet, the market is classified into Food & Beverages (Organic Food, Low-Calorie Sweeteners, Low-Calorie Beverages & Diet Soft Drinks, Herbal Tea & Green Tea, and Others), Diet Supplements (Proteins & Fibers, Conjugated Linoleic Acid, and Others). On the basis of Equipment, the market is classified into Fitness Training Equipment (Treadmills, Benches and Racks, Fitness Monitoring Equipment, Accessories, and Others) and Surgical Equipment. Surgical equipment is further classified into Minimally Invasive/Bariatric Surgical Equipment (Gastric Bypass Surgery and Laparoscopic Sleeve Gastrectomy) and Non-Invasive Surgical Equipment (Intragastric Balloon Systems, Endoscopic Suturing Equipment, and Others). On the basis of services, the market is classified into Fitness Centers and Consulting Services.
The Latin America market is geographically segmented into Brazil, Argentina, Mexico and rest of Latin America.The major companies dominating the Latin America Weight Loss & Diet Management Market are Kellogg Company (U.S.), Atkins Nutritionals, Inc. (U.S.), Herbalife Ltd. (U.S.), NutriSystem, Inc. (U.S.), Johnson Health Technology Co., Ltd. (Taiwan), Ethicon, Inc. (U.S.), Weight Watchers International, Inc. (U.S.), VLCC Healthcare Ltd. (India), eDiets.com (U.S.), Olympus Corporation (Japan).
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