BOULDER, CO / ACCESSWIRE / November 14, 2024 / Informa Market's New Hope Network and Nutrition Business Journal (NBJ) unveil a special report highlighting how dietary supplements are complementary to the booming GLP-1 agonist drugs market. The report titled Supplements in the Ozempic Age, outlines the current pharmaceuticals and natural products market targeting weight management and blood sugar control, future opportunities to consider as healthcare needs evolve and consumer sentiment facing the industry.
"NBJ pairs the latest data on the supplements and nutrition market with timely insights on how trends impact businesses today," says Jessica Rubino, New Hope Network Vice President, Content and Summits. "Ozempic and similar drugs are more than a cultural phenomenon-they're transformative forces that create both challenges and opportunities for the dietary supplement industry. NBJ dives into these issues directly, helping industry leaders anticipate and navigate what's next."
With nearly two thirds of American adults are considered overweight or obese This has fueled what NBJ estimates to be a $7.2 billion weight management category, including meal replacements, prebiotics, and weight-loss ingredients as a subset of the nutrition industry. The category is expected to scale to $8.7 billion by 2027. The market for GLP-1 agonist drugs also continues to grow and is expected to exceed $100 billion by 2030. NBJ's report aims to educate and guide the nutrition industry in working with consumers in the orbit of GLP-1 agonists.
"We've seen very few factors have such an impact on health and wellness," says NBJ Content and Insights Director Bill Giebler. "The nutrition industry has a tremendous opportunity to assist consumers in achieving and maintaining optimal health as they engage these medications in their weight-loss journey."
NBJ's methodology includes a comprehensive compilation and analysis of industry data, bolstered by NBJ surveys and interviews. Data is assessed across the value chain, including consumer spending, retail sales figures, distributor data, and manufacturer insights.
For additional data and insights, the full report is available for purchase at https://store.newhope.com/
About Nutrition Business Journal
Since 1996, NBJ has offered business intelligence and thought leadership to all levels of the nutrition industry through its proprietary market-defining data and insights across ingredients, health conditions and sales channels. This is delivered through in-depth market-sizing reports and 11 annual journal issues.
About New Hope Network
New Hope Network, a subsidiary of Informa Markets, is a leading authority in the healthy lifestyle products industry, offering solutions for the complete supply chain from manufacturers, retailers/distributors, service providers and ingredient suppliers. Through its comprehensive portfolio of content, events, data, research and consultative services, New Hope Network is dedicated to fostering a prosperous, high-integrity CPG and retail ecosystem that promotes health, joy and justice for all people while regenerating the planet. For more information, visit www.newhope.com.
About Informa Markets
Informa Markets, a subsidiary of Informa plc (LON:INF), creates platforms for industries and specialist markets to trade, innovate and grow. With a global reach and diverse portfolio of verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure, Informa Markets connects buyers and sellers worldwide through face-to-face exhibitions, targeted digital services and actionable data solutions. For more information, visit www.informamarkets.com.
Media Contact
New Hope Network Public Relations
pr@newhope.com
SOURCE: New Hope Network
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