MARKET OUTLOOK
Triton Market Research’s report states that the Brazil weight loss diet and weight management market is expected to grow in terms of revenue with a CAGR of 2.97% during the forecast period 2019 to 2025.
Brazilians are generally concerned about their looks and appearance, and this is a major factor that drives the weight loss diet and weight management market in Brazil, apart from the concerns for health & wellness. The body-conscious nature of people in Brazil has boosted the sales of weight loss products in the country. However, the economic turbulence in the country has proven to be a major restraining factor. The rising inflation levels and high rate of unemployment in the country has negatively impacted the sales of several products catering to weight loss. This has led to many consumers either switching over to low-cost brands or reducing their usage of such products, in a bid to save money.
COMPETITIVE OUTLOOK
Some of the companies present in the weight loss diet and weight management market are Nestle, Mead Johnson Nutrition, Herbarium, Danone, Ltd. and Herbalife Nutrition.