Weight management products soaring globally
Sales of weight management solutions are soaring in the wake of growing awareness of the extent of overweight and obesity on a global level, according to new findings from market research organisation Innova Market Insights.
Dietary supplements are playing an increasing role and, as a result, demand for weight loss ingredients is probably at an all-time high, resulting in a growing number of new ingredients and blends emerging, but also raising concerns about the extent of regulatory control and the safety and efficacy of some products, according to Innova Market Insights.
“The reasons for weight gain are numerous and complex and the solutions likewise,” said Lu Ann Williams, Director of Innovation at Innova Market Insights. “The weight management industry is also broad and complex and companies must look to paying greater attention to safety and efficacy data as regulations become more stringent,” she said.
“Current issues surrounding unsubstantiated claims and regulatory breaches particularly need to be resolved in order to build up consumer trust and ensure ongoing sales and a consistent growth pattern,” Ms Williams said.
Weight loss supplements on the rise
Weight loss supplements accounted for nearly 7 per cent of global dietary supplement launches recorded by Innova Market Insights in the 12 months to the end of September 2014, led by increasing activity in Europe, which currently has a relatively undeveloped and fragmented market. The US has by far the most established market for dietary supplements and tends to lead market and product developments, with other regions such as Europe following on.
A review of recent US new product activity in weight loss supplements recorded by Innova Market Insights illustrates the range of products available, varying from blends just emphasising weight loss in their names to more specific mechanisms, such as appetite suppressants or fat burners, mainly containing a range of active ingredients, to products focusing on just one key ingredient.
Innova Market Insights said ingredients have varied from the relatively well-established, such as whey protein and green tea, to the more unusual.
These are sometimes more fashionable but often less well-researched, such as raspberry ketones, African mango seed, Garcinia Cambogia, bitter orange (Citrus aurantium), green coffee extract, Forskolin (from Coleus forskolii) and white mulberry (Morus alba).
Food products marketed as ‘weight management’ fewer
Within the mainstream food and drinks market products positioned on a specific weight management platform remain relatively few and far between, however, with much greater attention paid to developing a low and light foods and beverages market.
According to Innova Market Insights, 10 per cent of global food and drinks launches recorded in the 12 months to the end of September 2014 used one or more claims relating to low calorie, low fat and/or low sugar content. Activity tended to focus on a broader general health and wellbeing platform rather than using specific slimming or weight management claims.
Innova Market Insights said just 0.7 per cent of global launches used a specific weight management platform over the same period, rising to 1 per cent in the US. Cereal products, ready meals, hot beverages and soft drinks accounted for the highest number of launches positioned on a weight management platform, with a combined 38 per cent of the global total.
Food and beverage producers will soon be required under American law to declare if any genetically m...
SPC is set to soon begin exporting its products to China for the first time after striking a local b...
Coles has signed a strategic partnership with global technology leader Microsoft to accelerate its ...
Oprah Winfrey is making her first foray into supermarket foods with help from Kraft Heinz.
PureCircle’s 2017 financial year results have been hit hard by its inability to import to the US dur...
The dramatic 16.7 per cent fall in the share price of Bega Cheese has generated much comment.
A central NSW mustard seed oil has won a medal at specialty food competition in New York.
The Australia and New Zealand Ministerial Forum on Food Regulation (the Forum) met on 16 Augus...