Weight Loss Drugs Lead to Major Diet Changes and Lower Grocery Bills
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Walmart says customers on weight loss drugs like Ozempic are purchasing less snack foods and fewer total calories.
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People on the drugs report being less tempted by junk food and snacks. One woman said her grocery bill is 20% lower.
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Morgan Stanley estimates up to 24 million Americans could be on the drugs by 2035, cutting calorie intake by 30% daily. This could hit food companies.
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Kellogg's is studying the potential impact and says it will alter offerings if needed as overweight people limit calories.
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US prescription volume for weight loss drugs has increased 300% from 2020-2022. Spending on Ozempic tops $10 billion.