Ozempic isn't the existential threat food companies think it is — yet

• Food companies fear soaring Ozempic sales could hurt their bottom lines.
• But their fears of weight-loss drugs have snowballed without much evidence, yet.
• An analyst told Insider that the food industry won't see a material impact in the near term.

Executives at America's biggest food companies can't stop talking about Ozempic. But beyond the chatter, the impact these drugs will have on sales is still unclear.