Back to Search Start Over

Ozempic Users Cut Grocery Spending by Up to 9%, Survey Finds.

Authors :
Denham, Jemima
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

Subjects :
SEMAGLUTIDE

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
175574428