Market Share of North America Weight Management Products Industry
The North American weight management product market is highly competitive, with the presence of several regional and global players. In terms of market share, the market is dominated by players such as Abbott Laboratories, Premier Nutrition Company LLC, Simply Good Foods, Herbalife Nutrition Ltd., and Nestle S.A. The prime factors determining the market players and their position in the concerned market are the continuous launch of new products with different flavors and high quality. Thus, brands differentiate their products in terms of design (size and weight), quality, and innovation, to gain a competitive advantage. For instance, in June 2021, the Premier Protein brand of the Premier Nutrition Company LLC included chocolate peanut butter in its 30-gram high-protein shake line. Additionally, economies of scale and high brand loyalty among consumers give these companies an upper edge. Further product portfolio expansion within all categories may enhance the companies' positions in the market.
North America Weight Management Products Market Leaders
Abbott Laboratories
Premier Nutrition Company LLC
Herbalife Nutrition Ltd
Nestle S.A
The Simply Good Foods Company
*Disclaimer: Major Players sorted in no particular order
