A recent report by Bank of America focused on investment themes for a changing world. One of the areas that the report identified as a source of change is the growing obesity epidemic.
This problem is not just an American problem, and Bank of America analysts use the term “globesity” to refer to the worldwide obesity issue. The number of overweight or obese people in the word has tripled since 1980, and nearly a third of the world’s population is now overweight. Analysts predict that nearly half of the world will be overweight or obese by 2030.
Obesity-related conditions account for more than 3.4 million adult deaths per year. The report states that lifetime health-care costs for obese people are about 40 percent higher than for normal-weight patients. The cost of globesity is estimated at 2.8 percent of global GDP, and the recent spike in childhood obesity and obesity in emerging market countries is a bad sign for the future.
Analysts see four potential ways to invest in the fight against globesity:
- Pharmaceuticals, healthcare, and medical technology
- Health food and nutrition
- Weight loss and diet programs
- Fitness apparel and equipment
The stocks that Bank of America recommends as a means to capitalize on the opportunities that will be created by the globesity problem include the following:
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