Slimming Aids Market - Growth, Trends, and Forecasts (2020 - 2025)

Slimming Aids Market - Growth, Trends, and Forecasts (2020 - 2025)

The rising prevalence of an increasingly sedentary lifestyle, coupled with dramatically changing diet patterns, particularly in Western countries, has majorly contributed to the growth of obesity. The overweight and obese population report a high prevalence of chronic diseases, including hypertension, diabetes, and orthopedic diseases. According to the World Health Organization, in 2019, around 38 million children children under the age of 5were overweight. Furthermore, changing lifestyle and growing fast food industry and the launch of new and advanced products are also boosting the market growth globally. However, the availability of counterfeit products, lack of awareness among people, the high cost of the products are the few factors which might hamper the growth of the market. Most recently, in 2018, the FDA advised consumers not to purchase a product called Willy Go Wild, available online and in some retail stores because the product includes hidden prescription drugs.

Key Market Trends

Natural Products Segment Dominates the Slimming Aids Market

Various types of slimming aids are available in the market. Among those, Natural supplements or herbal supplements for weight reduction are widely used by the patients. These natural products are effective and safe on body weight management in both human and animal studies. Further studies need to be conducted to investigate the mechanism of action, metabolism, long term safety and side effect of these natural products, as well as interactions between these natural products with dietary components. The potential for natural products as sources of nutraceuticals or drugs to manage body weight is now being realized which including catechins, capsaicin, conjugated linoleic acid, fucoxanthin, soy isoflavone, glabridin, astaxanthin, and cyaniding-3-glucoside, etc. They are also sometimes referred as phytomedicines and botanicals. Though these products are obtained naturally and are claimed safer, they do have their drawbacks such as allergic to the patients, adverse effects from the usage, producing unsatisfied results, etc.

North America holds the largest market share in Global Slimming Aids Market

Obesity has continued to be more prevalent within North America. While two out of every three American men are overweight or obese, these rates, in the case of women, are far higher. The United States contains one of the highest percentages of obese people in the world. An obese person in America incurs an average of USD 1,429 more in medical expenses, annually. As per CMS (Centers for Medicare and Medicaid Services), approximately USD 147 billion is spent in added medical expenses per year within the United States. This number is suspected to increase approximately to USD 1.24 billion per year, until 2030. This rising pace of obesity and chronic diseases is making it necessary to advocate weight loss programs and obesity management. The rise in health concerns, high income, and technological advancements are driving the expansion of the market. Moreover, people are also inclining toward low-calorie foods and the consumption of supplements, along with exercises are contributing to drive slimming aids market in North America.

Competitive Landscape

The Slimming Aids market is highly competitive, price-sensitive, and growing, due to greater adoption from smaller and medium-sized market players. The market concentration ratio is expected to increase in emerging markets, like APAC and Latin America, offering growth opportunities for smaller companies.

Reasons to Purchase this report:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.


1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Rate of Obesity
4.2.2 Changing Lifestyle and Growing Fast Food Industry
4.2.3 Launch of New and Advanced Products
4.3 Market Restraints
4.3.1 Deceptive Marketing Practices
4.3.2 Presence of Counterfeit Products
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Natural
5.1.2 Synthetic
5.1.3 Semi Synthetic
5.2 By Mode of Consumption
5.2.1 Tablets
5.2.2 Capsules
5.2.3 Powder
5.2.4 Syrups
5.2.5 Others
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle-East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amway
6.1.2 Creative Bioscience
6.1.3 Glanbia
6.1.4 GlaxoSmithKline plc
6.1.5 Herbalife
6.1.6 Iovate Health Sciences
6.1.7 Nestle SA
6.1.8 Himalaya Wellness
6.1.9 Sanat Products Ltd
6.1.10 XLS-Medical
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook