The GCC Weight Loss Market is Projected to Reach $4.6 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “GCC Weight Loss Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.The GCC weight loss market reached a value of US$ 2.7 Billion in 2017. Looking forward, the GCC weight loss market is expected to reach US$ 4.6 Billion by 2023, exhibiting a CAGR of 9.2% during 2018-2023.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. Apart from the unhealthy diets, limited physical activity represents another major reason for the rising levels of obesity in the region. 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 of 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. Based on the diet, the market has been segmented as supplements, meals, and beverages. Currently, supplements dominate the market, holding the largest share. Based on the equipment type, fitness equipment represented the most popular equipment followed by surgical equipments. Based on services, fitness centers and health clubs represented the most popular weightloss service followed by consulting service and slimming centers, surgical clinics and online weight loss programs. Based on gender, men dominated the overall market.
Based on the age group, consumers between 31 to 60 years of age dominated the overall market followed by consumers between 15 to 30 years of age, consumers of age more than 60 years and consumers of age below 15 years.
Region-wise, the market has been segmented into Saudi Arabia, UAE, Kuwait, Qatar, Baharain and Oman. Amongst these, Saudi Arabia is the leading market, accounting for the majority of the share.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 GCC Weight Loss Market
6 Market Breakup by Diet
7 Market Breakup by Equipment
8 Market Breakup by Service
9 Market Breakup by Gender
10 Market Breakup by Age Group
11 Market Breakup by Region
12 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/k9bdvx/the_gcc_weight?w=4
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INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION GENERAL HEALTH
SOURCE: Research and Markets
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PUB: 09/07/2018 04:56 PM/DISC: 09/07/2018 04:56 PM