Market Research Report
GCC Weight Loss Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||692998|
|Published||Content info||109 Pages
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|GCC Weight Loss Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: April 8, 2019||Content info: 109 Pages||
The GCC weight loss market reached a value of around US$ 3 Billion in 2018. Currently, overweight and obesity is one of the major health concerns being faced by the GCC region. The region has been experiencing rising levels of economic growth and sedentary lifestyles. Moreover, increasing levels of urbanisation and westernization has led to the proliferation of a number of fast food chains, online food delivery options, convenience outlets, etc. making packaged foods, snacks and high sugar products readily available. This has resulted in obesity and overweight rates soaring in the region and leading to a population burdened with diabetes, cardiovascular and other lifestyle ailments.
Apart from the unhealthy diets, limited physical activity represents another major reason for the rising levels of obesity in the region. As a result of high average temperatures for most of the year, people living in the GCC region avoid outdoor physical activities such as sports, cycling, walking and running, etc. At the same time, long and hectic work routines push people to skip healthy meals and go for fast food and packaged meal options increasing their chances of becoming overweight.
While rising levels of obesity and overweight might sound alarm bells for the government and general population. It provides lucrative opportunities for companies providing weight loss solutions. Over the past few years, there has also been a surge in the number gyms and weight loss centres in the region. The market for meals and weight loss supplements is also witnessing a healthy growth. The number of weight loss surgeries in the region have also been experiencing double digit growth rates. Looking forward, the GCC weight loss market is expected to reach US$ 5 Billion by 2024, exhibiting a CAGR of more than 9% during 2019-2024.