Weight Management Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Weight Management Products Market Analysis
The Global Weight Management Products Market is expected to register a CAGR of 8.6% during the forecast period.
Obesity is a significant global health issue that affects many countries, including the United States, the United Kingdom, Germany, India, and China. The rate of the obese population has been escalating, and governments and public health organizations are working to address the issue of obesity by implementing policies and programs that promote healthy eating habits and physical activity. The rise of weight management products can also be attributed to the increasing awareness of the health risks associated with obesity. Health complications such as type 2 diabetes, heart disease, and certain types of cancer are more prevalent in individuals who are overweight or obese. As a result, many individuals concerned about their weight and health may turn to weight management products to manage their weight and reduce their risk of developing these health complications.
People are exposed to images and messages promoting a certain body type or weight loss products on social media platforms, which can create a desire for weight management products. This has led to the development and marketing of a wide range of weight management products, from dietary supplements to meal replacements. Consumers have started viewing healthy weight as the basis of overall well-being. Hence, consumers are seeking products that can help them in weight management.
Weight management supplements contain various combinations and amounts of minerals, herbs, and fiber that help manage weight. With obesity and diabetes becoming major health concerns, there has been a rise in the popularity of weight management supplement products across all age groups. The consumption of fast food and sugary drinks is a significant contributor to the obesity epidemic, creating a demand for weight management products. As a result, many individuals who struggle with their weight turn to weight management products, such as diet pills, meal replacements, and weight loss supplements, as a way to manage their weight.
Weight Management Products Market Trends
Increasing Prevalence of Obesity Across the World
The rise in obesity rates is often attributed to unhealthy lifestyles, which include factors such as a lack of physical activity, a diet high in calories and fat, and excessive intake of fast food and processed foods. These unhealthy lifestyle habits can lead to chronic health conditions such as diabetes, high cholesterol, and heart disease. However, there is a growing awareness of the importance of a healthy lifestyle, which includes regular physical activity and a balanced, nutritious diet. Many individuals are embracing healthy habits to manage their weight and reduce their risk of chronic health conditions. This includes eating more whole foods, such as fruits, vegetables, and whole grains, and limiting the intake of processed and high-calorie foods.
In recent years, a wide selection of weight management solutions has significantly impacted the health and fitness sector. The development of weight management products has significantly impacted the health and fitness sector. These products are designed to aid in weight loss and promote overall health and wellness. Weight management products are available in two forms: medical aids and food products. Medical aids include prescription medications, such as appetite suppressants or weight loss drugs, as well as non-prescription supplements that claim to aid weight loss or boost metabolism. These products are typically recommended for people who are severely overweight or obese and have not been successful with diet and exercise alone.
Food products designed for weight management include meal replacements, protein bars, shakes, and snacks formulated to balance nutrients and support weight loss goals. These products are often marketed as convenient options for people who are looking to lose weight but don't have time to prepare healthy meals or snacks. Weight management products can help individuals achieve their weight loss goals and maintain a healthy weight. This can benefit those at risk of weight-related health issues such as diabetes, high blood pressure, and heart disease. Individuals can reduce their risk of developing these chronic health conditions by managing their weight. Moreover, companies such as General Mills, KETO, Garden of Life, and Abbott Laboratories, are introducing meal replacement products for consumers monitoring special diets, such as no-sugar, keto, low-sodium, and low-fat. This is another factor boosting the market studied. For instance, in July 2022, CTRL, the fastest-growing meal replacement brand in the United States, launched new meal on-the-go bars, marking the company's expansion into functional foods. The bars feature new delicious flavors packed with wholesome ingredients, including premium whey protein, that lets you satisfy your hunger anytime, anywhere
North America Dominates the Market
More than two-thirds of adults and almost one-third of children and youngsters are overweight or obese in North American countries like the United States. According to the Harris poll report, in 2021, roughly 15% of adults in the United States reported having at least two chronic medical conditions. A 2021 survey conducted by Research America revealed that approximately 5% of people in the United States were suffering from obesity, while 3% were living with diabetes. Lifestyle modifications, such as adopting a healthy eating pattern, decreasing caloric intake, and incorporating physical activity into one's routine, form the foundation for attaining sustained weight loss. However, people often view diet and lifestyle changes as challenging and, consequently, opt for weight loss supplements that claim to aid in achieving their weight loss objectives.
Manufacturers of these supplements promote their products with various assertions, including the reduction of macronutrient absorption and appetite and the increase of metabolism, thermogenesis, and reduction of body fat and weight. For instance, in February 2021, Hydroxycut launched its newest innovation, CUT Energy, a mouth-watering clean energy drink. This effective formula has been scientifically developed for everyday energy drink users, fitness enthusiasts, and weight loss seekers. Also, the United States Food and Drug Administration (FDA) regulates weight loss supplements to ensure products are safe and their label claims are truthful and not misleading, propelling the growth of the market further.
Weight Management Products Industry Overview
The global weight management products market is competitive. Emphasis is given to the companies' merger, expansion, acquisition, partnership, and new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Consumers prefer innovation in weight management products such as fat burners, an example of which is the flavors and unique packaging.
The major players like Glanbia PLC, Nestle SA, Abbott Laboratories, The Kelloggs Company, and Herbalife Nutrition Ltd. are focusing on introducing new products in the market to cater to the interests of the consumers. For instance, Amway Corp. is focusing on developing new ways to grow nutrients by experimenting with different types of botanicals, growing methods, and seeds used in its Nutrilite supplements and vitamins.
Weight Management Products Market Leaders
Glanbia PLC
Nestle SA
The Kellogg Company
Abbott Laboratories
Herbalife Nutrition Ltd
*Disclaimer: Major Players sorted in no particular order
Weight Management Products Market News
- July 2022: Herbalife Nutrition Company launched Fat Release, a supplement to help consumers who may overindulge during the week achieve and maintain their health and lifestyle goals. Fat Release is formulated with litramine, an ingredient derived from prickly pear, and is a patented cactus fiber ingredient that helps trim the fat from food. The new product comes in a powdered stick form and can be mixed with cold water or eaten straight out of the pack.
- March 2022: KaraMD launched Pure Health Apple Cider Vinegar Gummies, a vegan gummy designed to promote ketosis in the body, digestion regulation, weight management, and support higher levels of energy.
- February 2022: ZeoNutra launched SlimPlus, a vegan weight management supplement containing SlimBiome. The product is available on ZeoNutra's Website, Amazon, Flipkart, and Healthcare sites such as PharmEasy and NetMeds.
Weight Management Products Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Type
5.1.1 Fat Burners
5.1.2 Weight Gain Supplements
5.1.3 Low-Calorie Food and Beverages
5.1.4 Meal Replacements
5.1.5 Other Types
5.2 Product Form
5.2.1 Tablets
5.2.2 Powder
5.2.3 Liquid
5.2.4 Other Product Forms
5.3 Distribution Channel
5.3.1 Supermarkets/Hypermarkets
5.3.2 Specialty Stores
5.3.3 Drug Stores/Pharmacies
5.3.4 Online Retail Stores
5.3.5 Other Distribution Channels
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Germany
5.4.2.5 Russia
5.4.2.6 Italy
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle-East and Africa
5.4.5.1 South Africa
5.4.5.2 United Arab Emirates
5.4.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Abbott Laboratories
6.3.2 Glanbia PLC
6.3.3 Nestle SA
6.3.4 Herbalife Nutrition Ltd
6.3.5 Iovate Health Sciences International Inc.
6.3.6 Woodbolt Distribution LLC
6.3.7 The Kellogg Company
6.3.8 Premier Nutrition Company LLC
6.3.9 The Simply Good Foods Company
6.3.10 Ultimate Nutrition Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
Weight Management Products Industry Segmentation
Weight management products are a broad category of products that are designed to help individuals manage their weight. These products can come in various forms, such as dietary supplements, meal replacements, and fitness equipment, among others. The global weight management products market is segmented by type into fat burners, weight gain supplements, low-calorie food and beverages, meal replacements, and other types. Moreover, the market is segmented on the basis of product forms into tablets, powders, liquids, and other product forms. Further, on the basis of distribution channels, the market is bifurcated into hypermarkets/supermarkets, specialty stores, drug stores/pharmacies, online retail stores, and other distribution channels. Based on geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts in value (USD million) for the above segments.
| Type | |
| Fat Burners | |
| Weight Gain Supplements | |
| Low-Calorie Food and Beverages | |
| Meal Replacements | |
| Other Types |
| Product Form | |
| Tablets | |
| Powder | |
| Liquid | |
| Other Product Forms |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Drug Stores/Pharmacies | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||||
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Weight Management Products Market Research FAQs
What is the current Weight Management Products Market size?
The Weight Management Products Market is projected to register a CAGR of 8.60% during the forecast period (2024-2029)
Who are the key players in Weight Management Products Market?
Glanbia PLC, Nestle SA, The Kellogg Company, Abbott Laboratories and Herbalife Nutrition Ltd are the major companies operating in the Weight Management Products Market.
Which is the fastest growing region in Weight Management Products Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Weight Management Products Market?
In 2024, the North America accounts for the largest market share in Weight Management Products Market.
What years does this Weight Management Products Market cover?
The report covers the Weight Management Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Weight Management Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Weight Management Products Industry Report
Statistics for the 2024 Weight Management Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Weight Management Products analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
