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Diet Pills Market Size, Industry Analysis Report By Type (Tablet, Capsule, Liquid, Powder), By Distribution Channel (E-commerce, Retail Stores), By Source (Leaves, Barks, Fruits and Vegetables, Roots), By Application (Pharmaceuticals, Food and Beverages, Personal Care), By Function (Medicinal, Aroma) & Region – Forecasts

  • PUBLISHED ON
  • 15/09/2022
  • NO OF PAGES
  • 219
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The global Diet Pills market was valued at USD 1.53 billion in 2022 and expected to grow at a CAGR of 9.8% during the forecast period. Diet pills, also known as weight loss pills or slimming pills, are medications that are designed to help people lose weight. They are intended to work by reducing appetite, increasing metabolism, or interfering with the absorption of fat.

There are two main types of diet pills: prescription and over-the-counter. Prescription diet pills are only available with a doctor's prescription and are typically intended for people with a body mass index (BMI) of 30 or higher or for those with a BMI of 27 or higher and at least one weight-related health condition. Over-the-counter diet pills are available without a prescription and are typically intended for people with a BMI of 30 or less.

Some of the most common ingredients found in diet pills include caffeine, green tea extract, garcinia cambogia, and conjugated linoleic acid (CLA). Some prescription diet pills contain active ingredients such as phentermine, liraglutide, and orlistat.

While diet pills can be effective in helping people lose weight, they can also be associated with a range of side effects and risks, particularly for people with certain medical conditions or who are taking certain medications. It is important for anyone considering using diet pills to speak with their doctor to determine if they are a safe and appropriate option for them.

The diet pills market is a rapidly growing industry that is expected to continue to expand in the coming years. The market is driven by a growing number of people who are overweight or obese, and the increasing demand for weight loss solutions.

Prescription diet pills are only available with a doctor's prescription and are typically intended for people with a BMI of 30 or higher or for those with a BMI of 27 or higher and at least one weight-related health condition. Over-the-counter diet pills are available without a prescription and are typically intended for people with a BMI of 30 or less.

The market is also segmented by the type of ingredients used in the pills, including caffeine, green tea extract, garcinia cambogia, and conjugated linoleic acid (CLA), among others. Prescription diet pills contain active ingredients such as phentermine, liraglutide, and orlistat.

North America is the largest market for diet pills, followed by Europe and the Asia Pacific. The increasing awareness of health and wellness, coupled with the rise in disposable income, is expected to drive the growth of the diet pills market in these regions.

However, the market is also faced with challenges, including the potential risks and side effects associated with some diet pills, as well as the availability of alternative weight loss methods such as exercise and dietary changes. As such, it is important for anyone considering using diet pills to speak with their doctor to determine if they are a safe and appropriate option for them.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 1.53 Billion

Market Forecast in 2031

USD 3.86 Billion

CAGR % 2023-2031

9.8%

Base Year

2022

Historic Data

2019-2021

Forecast Period

2023-2031

Report USP

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Type, By Distribution Channel, By Source, By Application, By Function

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Key Companies

Nov- Nordisk A/S, Gelesis, Vivus LLC, Chong's Health Care, GlaxoSmithKline plc., Pfizer Inc. (Arena Pharmaceutical Gmbh), Iovate Health Sciences International Inc., Zoller Laboratories, Currax Pharmaceuticals LLC., and Teva Pharmaceutical Industries Ltd.

 

Impact of COVID

The COVID-19 pandemic has had both positive and negative impacts on the diet pills market. On the positive side, there has been an increase in demand for weight loss products, as people spend more time at home and may have less opportunity for physical activity. Additionally, the pandemic has increased awareness about the importance of maintaining a healthy weight and a strong immune system.

However, on the negative side, the pandemic has disrupted the supply chains and manufacturing processes of many diet pill manufacturers, leading to shortages of some products. In addition, the economic impact of the pandemic has caused some consumers to reduce their discretionary spending, including on weight loss products.

Furthermore, the pandemic has also raised concerns about the safety and efficacy of some diet pills, especially those sold online or through unregulated channels. There have been reports of counterfeit or adulterated diet pills that may contain harmful substances, as well as claims of fraudulent marketing and advertising practices.

Overall, the impact of COVID-19 on the diet pills market is complex and multifaceted, and the long-term effects are still uncertain. It is important for consumers to be cautious and informed when choosing and using diet pills, and to consult with a healthcare professional before starting any new weight loss regimen.

Type Insights

Tablet: The tablet segment holds the largest share of the market due to its ease of use and convenience. Tablets can be easily manufactured and packaged, making them cost-effective for both manufacturers and consumers. They are also readily available and can be taken anywhere, making them a popular choice for weight loss products.

Capsule: The capsule segment is also a significant player in the diet pills market. Capsules offer several advantages over tablets, including faster absorption and more precise dosing. They are also easier to swallow for some consumers who may have difficulty with larger tablets.

Liquid: The liquid segment is a smaller but growing part of the diet pills market. Liquid diet pills are often marketed as a faster and more effective way to deliver nutrients and other active ingredients to the body. They can also be easier to swallow for some consumers who may have difficulty with tablets or capsules.

Powder: The powder segment is the smallest of the four types, but is also growing in popularity. Powder diet pills can be mixed with water or other liquids to create a drinkable supplement. This allows for more precise dosing and customization of ingredients, as well as easier digestion and absorption by the body.

Overall, the tablet and capsule segments continue to dominate the diet pills market, but there is increasing interest and demand for alternative forms such as liquids and powders.

Distribution Channel Insights

E-commerce: The e-commerce segment is growing rapidly and is expected to continue to be the dominant distribution channel for diet pills. The convenience of shopping online and the ability to compare prices and product reviews easily have contributed to the growth of this segment. Moreover, the increasing availability of diet pills on various e-commerce platforms such as Amazon, Walmart, and others is further contributing to the growth of this segment.

Retail stores: The retail stores segment includes drug stores, supermarkets, and health and wellness stores. This segment is expected to grow at a moderate pace due to factors such as consumer preference for in-person shopping and the ability to physically see and touch products before making a purchase decision. Additionally, some consumers may prefer to purchase diet pills from trusted retailers with knowledgeable staff who can provide guidance and advice.

Source Insights

Leaves: Leaves are the most commonly used source of ingredients in diet pills. Examples include green tea extract, which contains the active compound EGCG that has been shown to boost metabolism and aid in weight loss. Other popular leaf-based ingredients include yerba mate, guarana, and kola nut.

Fruits and vegetables: Fruits and vegetables are also commonly used in diet pills due to their high fiber and nutrient content, which can promote feelings of fullness and reduce calorie intake. Examples include garcinia cambogia, which is derived from a tropical fruit and is believed to inhibit fat production and reduce appetite.

Roots: Roots are another common source of ingredients in diet pills, particularly in traditional herbal remedies. Examples include ginger root, which is believed to aid in digestion and reduce inflammation, and ginseng, which is believed to improve energy levels and reduce stress.

Barks: Barks are a less commonly used source of ingredients in diet pills, but they do have some potential benefits. For example, cinnamon bark is believed to regulate blood sugar levels and reduce cravings for sweets.

Application Insights

Pharmaceuticals: Diet pills are commonly used as a weight loss aid in pharmaceutical products, either as prescription drugs or over-the-counter supplements. These products typically contain active ingredients that are intended to suppress appetite, increase metabolism, or block the absorption of dietary fat.

Food and Beverages: Some diet pills are also used as functional ingredients in food and beverage products, particularly in the weight loss and meal replacement categories. These products often contain natural or herbal ingredients that are believed to aid in weight loss or improve overall health, such as green tea extract or probiotics.

Personal Care: In addition to their use in pharmaceutical and food products, some diet pills are also used in personal care products such as weight loss supplements, skin creams, and hair care products. These products often contain natural or herbal ingredients that are believed to have weight loss or health benefits when applied topically or ingested orally.

Regional Insights

North America: North America is expected to dominate the global diet pills market due to the high prevalence of obesity and overweight population, rising health awareness, and increasing demand for weight loss supplements. The US is the largest market in the region due to high consumer awareness, high disposable income, and a large population of overweight individuals.

Europe: Europe is also a significant market for diet pills, primarily due to the increasing prevalence of obesity and related health issues, growing health consciousness, and increasing demand for natural and herbal supplements. The UK and Germany are the largest markets in the region due to their large consumer base and high spending on healthcare.

Asia Pacific: The Asia Pacific diet pills market is expected to grow at a rapid pace due to increasing disposable income, growing population, and rising awareness of weight management and health. Japan, China, and India are the largest markets in the region due to their large consumer base and increasing demand for dietary supplements.

Rest of the World: The rest of the world market, which includes the Middle East, Africa, and Latin America, is also expected to grow due to increasing health awareness and rising demand for weight loss supplements. Brazil, Mexico, and South Africa are the largest markets in the region.

Competitive Analysis

Some of the major companies operating within the market are Nov- Nordisk A/S, Gelesis, Vivus LLC, Chong's Health Care, GlaxoSmithKline plc., Pfizer Inc. (Arena Pharmaceutical Gmbh), Iovate Health Sciences International Inc., Zoller Laboratories, Currax Pharmaceuticals LLC., and Teva Pharmaceutical Industries Ltd. These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Diet Pills globally.

By Type

·         Tablet

·         Capsule

·         Liquid

·         Powder

 

By Distribution Channel

·         E-commerce

·         Retail Stores

·         Others

 

By Source

·         Leaves

·         Barks

·         Fruits and Vegetables

·         Roots

·         Others

 

By Application

·         Pharmaceuticals

·         Food and Beverages

·         Personal Care

·         Others

 

By Function

·         Medicinal

·         Aroma

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

 

 


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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

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Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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