MARKET OUTLOOK
Triton's Market Research has determined the weight loss diet and weight management market in the United Kingdom to burgeon at a CAGR of 3.35% during the forecast period of 2019-2025.
The rising prevalence of obesity and the growing need to control weight are the factors driving the United Kingdom weight loss diet and weight management market. The obesity rate in the country recorded a new high in the year 2016, with around 27% of the population aged over 15 years being termed as obese. Moreover, social media has put immense pressure on individuals, especially females, to aspire to become slimmer and fitter. These factors go a long way in boosting the demand for weight loss and weight management products.
However, with the increase in public cognizance about the ill effects of weight loss products, people are shifting to other modes of reducing weight in order to stay healthy and fit. Traditional weight loss approaches are increasingly being opted for by consumers. Various government and health organizations are promoting weight loss through modifications in lifestyle, including yoga, HIIT, Reiki, aerobics, swimming and bodyweight training. This trend can negatively affect the weight loss diet and weight management market.
COMPETITIVE OUTLOOK
Major companies engaged in the market are Unilever Foods UK, Ltd., Dendron, Ltd., Omega Pharma, Ltd., Nutricia, Ltd. and Herbalife (UK), Ltd.