Asia-Pacific Weight Management Supplement Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Weight Management Supplement Market Analysis
The Asia-Pacific weight loss management market is projected to register a CAGR of 4.2% during the forecast period, 2020-2025.
The market is primarily driven by factors, such as the growing obese population, rise in disposable income, an increase in the number of people suffering from diabetes, rising awareness regarding personal well-being, and the low cost of bariatric surgeries across this region. In addition, an increasing number of health and fitness clubs across the region have been fueling the market's growth. Product innovations by the leading players, such as herbal and organic slimming products, are boosting the market's growth.
However, the major factor restraining the growth of the market include the high cost of weight loss products, owing to the additional processing required for low-calorie products and additional nutrients, such as vitamins and minerals.
Asia-Pacific Weight Management Supplement Market Trends
This section covers the major market trends shaping the APAC Weight Management Supplement Market according to our research experts:
Increasing Number of Health and Fitness Centers
Due to the rising concerns related to obesity and chronic diseases, people are primarily focusing on staying healthy and in shape. Thus, fitness centers, health clubs, and gyms have been witnessing increased participation, since the past few years. This is the key trend contributing to the growth of the market studied. Most of the health clubs are engaging in the sale of fat burn beverages, supplements, and similar nutrition products. The increasing number of health and fitness centers has been positively influencing the growth of the market, as these centers are involved in the endorsement of weight loss products among their respective consumers. As a result of this trend, the demand for healthier balanced diets is expected to increase. This, in turn, may provide significant growth opportunities for players operating in the weight loss management market.
China is expected to Continue to Dominate the Regional Market
China has been dominating the weight loss management market in the Asia-Pacific region, owing to the rising prevalence of overweight and obesity in the country. Other factors fueling the market's growth include rising awareness regarding personal well-being, along with increasing disposable income. The consumers in the region mostly prefer slimming teas and meal replacements among other products. These include all the herbal and non-herbal slimming teas and calorie-restricted meal replacements, such as shakes, powders, soup, and bars. Despite the backslash against weight loss supplements, the meal replacement category recorded growth, as these products are considered as healthier alternatives to OTC obesity and weight loss supplements. These meal replacement products are healthier and safer to follow, as they provide less caloric density. However, at the same time, they provide the essential nutrients, vitamins, and minerals, which are necessary for healthy weight loss and diet.
Asia-Pacific Weight Management Supplement Industry Overview
The Asia-Pacific weight loss management market is competitive, due to the presence of various domestic and multinational players. Companies are considering mergers, expansions, acquisitions, and partnerships, along with new product developments, as strategic approaches to boost their brand presence. The key players dominating the regional market include Herbalife International Inc., Pharmacare Laboratories Australia, Kapiva, and Healthgenie, among others.
Asia-Pacific Weight Management Supplement Market Leaders
Herbalife International, Inc.
Pharmacare Laboratories Australia
Kapiva
Healthgenie
Naturelo Premium Supplements
Nutriana
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Weight Management Supplement Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Meal
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5.1.2 Beverage
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5.1.3 Supplements
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5.2 By Distribution Channel
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5.2.1 Hypermarkets/Supermarkets
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5.2.2 Convenience Stores
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5.2.3 Online Retail Stores
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5.2.4 Others
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5.3 By Country
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5.3.1 China
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5.3.2 Japan
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5.3.3 India
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5.3.4 Australia
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5.3.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Herbalife International Inc.
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6.4.2 Pharmacare Laboratories Australia
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6.4.3 Kapiva
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6.4.4 Healthgenie
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6.4.5 Naturelo Premium Supplements
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6.4.6 Nutriana
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6.4.7 Jacked Factory
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6.4.8 Evlution Nutrition
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Asia-Pacific Weight Management Supplement Industry Segmentation
By type, the Asia-Pacific weight loss management market is segmented into meal, beverage, and supplements, and by distribution channel, the market is segmented into hypermarkets/supermarkets, convenience stores, online retail stores, and others. Moreover, the study provides an analysis of the weight loss management market in the emerging and established markets across the region, including China, Japan, India, Australia, and Rest of Asia-Pacific.
| By Type | |
| Meal | |
| Beverage | |
| Supplements |
| By Distribution Channel | |
| Hypermarkets/Supermarkets | |
| Convenience Stores | |
| Online Retail Stores | |
| Others |
| By Country | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
Asia-Pacific Weight Management Supplement Market Research FAQs
What is the current Asia-Pacific Weight Management Supplement Market size?
The Asia-Pacific Weight Management Supplement Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Weight Management Supplement Market?
Herbalife International, Inc., Pharmacare Laboratories Australia, Kapiva, Healthgenie, Naturelo Premium Supplements and Nutriana are the major companies operating in the Asia-Pacific Weight Management Supplement Market.
What years does this Asia-Pacific Weight Management Supplement Market cover?
The report covers the Asia-Pacific Weight Management Supplement Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Weight Management Supplement Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Weight Loss Supplements Industry Report
Statistics for the 2023 Asia-Pacific Weight Loss Supplements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Weight Loss Supplements analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
