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Ozempic Users Cut Grocery Spending by Up to 9%, Survey Finds.
- Source :
- Bloomberg.com; 2/16/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- A survey conducted by Numerator, a market-research provider, found that households using appetite-suppressing weight-loss shots like Ozempic, known as GLP-1 drugs, decreased their monthly grocery spending by 6% to 9% compared to households not using these drugs. The survey also revealed that certain grocery items, such as snacks, pastries, and ice cream, were purchased less by GLP-1 households, while sales of yogurt, fish, and vegetable snacks increased. The rise of GLP-1 use is causing concern for retailers and packaged-food producers, as it is estimated to become a $100 billion market by 2030. However, when GLP-1 users stop taking the medication, their monthly household spending returns to previous levels. [Extracted from the article]
- Subjects :
- SEMAGLUTIDE
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 175574428