SARASOTA, Fla.--(BUSINESS WIRE)--Neutra Corp. (OTCBB: NTRR) announced today that it plans to aggressively target the booming global weight loss market with effective new all-natural weight loss formulas.
The global weight loss products and services market was worth $390.3 billion in 2010 and is estimated to reach $671.8 billion by 2015. Epidemic obesity, combined with a global push toward the adoption of healthier lifestyles, is fueling this explosive demand for weight-loss solutions.
“Nutraceuticals are a safe, effective choice for anyone who wants to adopt a healthier lifestyle,” said Cindy Morrissey, CEO of NTRR. “Unlike synthetic drugs, the all-natural formulas we’re developing will be free of unpleasant or harmful side effects. NTRR is committed to helping people reach their weight-loss objectives without relying on unworkable diets or unaffordable prescriptions.”
Weight loss has become big business around the globe. Almost 34 percent of American adults are obese, a number that has doubled in the past 30 years, and about 17 percent of U.S. children and adolescents are obese, triple the rate from the previous generation, according to the Atlanta-based Centers for Disease Control and Prevention.
In hopes of dropping unwanted pounds, many people turn to meal replacements, diet pills, major weight loss surgery and other solutions. Commercial weight loss chains accounted for $2.73 billion of industry revenue in 2010 while diet websites drew in $238 million.
“Market demand is very strong for safe, effective weight-loss treatments,” said Morrissey. “It’s an extremely profitable sector of the health supplements industry, which makes it the perfect niche for NTRR to break into the global nutraceuticals market.”
Neutra Corp. competes in the rising nutraceuticals industry alongside Swanson Vitamins (NYSE: NTY), Schiff Nutrition International, Inc. (NYSE: WNI), IVC Industries, Inc. (OTC: IVCO) and Vitamin Shoppe (NYSE: VSI).
For more information on NTRR’s nutraceuticals initiative, please visit www.neutracorp.com/investors.
Follow NTRR on Twitter at www.twitter.com/neutracorp.
About Neutra Corp.
Neutra Corp. (www.neutracorp.com) is a healthy lifestyle company that specializes in the development and marketing of nutritional supplements, nutrient boosters, herbal remedies and other natural wellness solutions. The company is currently working to produce a full range of products to address every component of a healthy lifestyle, including muscle building, weight loss and general wellness through a daily nutrition regimen. For investing information and performance data, please visit www.neutracorp.com/investors.
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