Food and Drug Authority (FDA) regulates dietary supplements under a different set of regulations than those covering "conventional" foods and drug products. FDA is responsible for taking action against any adulterated or misbranded dietary supplement product after it reaches the market.
The article cited AMA's "Global Weight Loss and Obesity Management Market Study" explored CAGR of 7.4%. According to the report, Growth of healthy food sector and growing adoption of online weight loss and weight management programs
is one of the primary growth factors for the market. The increase in the rate of obese population across the globe
is also expected to contribute significantly to the Weight Loss and Obesity Management market. Overall, Fitness Centers
applications of Weight Loss and Obesity Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The By Diet, such as Meals, is boosting the Weight Loss and Obesity Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The By Equipment, such as Fitness Equipment, is boosting the Weight Loss and Obesity Management market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Weight Loss and Obesity Management market identified that the demand is rising in many different parts of the world as "Development of new products which are helping to prevent obesity
". Furthermore, some recent industry insights like "On 27 Aug 2020, WW International, Inc., a global wellness company powered by the world's leading commercial weight management program, announced that it has collaborated with Amazon for the launch of Amazon Halo, a health and wellness membership and wearable device that uses technology to provide personal wellness insights. The collaboration cements WW as a brand at the forefront of tech innovation and underscores the shared commitment of each company to help members build habits to live healthier lives." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Weight Loss and Obesity Management market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Weight Loss and Obesity Management market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Weight Loss and Obesity Management market size is calculated using market estimation process, the Weight Loss and Obesity Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Weight Loss and Obesity Management market size has been validated using both top-down and bottom-up approaches.