Asia-Pacific Weight Loss And Obesity Management Market, By Product Type (Dietary Supplements And Meal Replacements), Product Form (Soft Gels, Tablets, Capsule, Powders, Gummies & Jellies, Premixes, Liquids, And Others), Nature (Conventional And Clean Labelled), Category (Prescribed And Over The Counter (OTC)), End User Demography (Under 18 Years, 18 To 35 Years, 35 To 50 Years, And Above 50 Years), Distribution Channel (Store Based And Non-Stored Based), Country (Japan, China, South Korea, India, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest Of Asia-Pacific) Industry Trends and Forecast To 2029.
Market Analysis and Insights: Asia-Pacific Weight Loss and Obesity Management Market
Asia-Pacific market is expected to grow in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.9% in the forecast period of 2022 to 2029 and is expected to reach USD 12,632.55 million by 2029 from USD 5,983.74 million in 2021. Rising demand for non-alcoholic drinks, including fruit juices and energy drinks, thus driving the Asia-Pacific Weight loss and obesity management market growth.
Obesity impacts the health of an individual in several ways, such as it may increase the risks of chronic diseases declining the life expectancy of individuals. Various diets, devices, and drugs are utilized with the purpose of controlling or reducing weight in obese individuals in these management programs. It is measured by Body Mass Index (BMI). Various methods used for management of weight loss & obesity are drugs, dietary supplements, weight loss surgery, and exercising. As per the World Health Organization (WHO) information, when the Body-Mass-Index is greater than/equal to 25, the person is categorized as overweight and Body Mass Index (BMI) above 30 is classified as obese.
The surge in the number of obesity cases among population Asia-Pacific is expected to drive the growth of weight loss and obesity management market. Increase in prevalence of chronic diseases, such as hypertension and diabetes, caused by rise in adoption of unhealthy and sedentary lifestyle patterns and surge in the number of bariatric surgeries are expected to accelerate the weight loss and obesity management market growth.
- In addition, increase in preference for junk food, physical inactivity, hectic routine, and growing stress are causing people to consume fast food, which will further influence the weight loss and obesity management market growth. Furthermore, growing adoption of online weight loss and weight management programs, government initiatives for creating awareness, and rise in disposable income in developing economies will positively affect the growth of the weight loss and obesity management market. Moreover, rise in the rate of childhood obesity and emerging nations extend profitable opportunities to the weight loss and obesity management market.
The Asia-Pacific weight loss and obesity management market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Asia-Pacific weight loss and obesity management market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Weight Loss and Obesity Management Market Scope and Market Size
Asia-Pacific weight loss and obesity management market is segmented into six notable segments based on product type, product form, nature, category, end user demography and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the Asia-Pacific weight loss and obesity management market is segmented into dietary supplements and meal replacements. In 2022, dietary supplements segment is expected to dominate the market due to increasing obese population, rising consumer awareness regarding low-calorie food and beverages in developing economies.
- On the basis of product form, the Asia-Pacific weight loss and obesity management market is segmented into the soft gels, tablets, capsule, powders, gummies & jellies, premixes, liquids, and others. In 2022, powder segment is expected to dominate the market due to easy to use nature of powder form as compared to other forms of weight loss and obesity management.
- On the basis of nature, the Asia-Pacific weight loss and obesity management market is segmented into the conventional and clean labelled. In 2022, conventional segment is expected to dominate the market due to growing demand for organic, naturally grown products.
- On the basis of category, the Asia-Pacific weight loss and obesity management market is segmented into prescribed and over the counter (OTC). In 2022, Over the Counter (OTC) segment is expected to dominate the market due to growing popularity of OTCs for weight loss and obesity management.
- On the basis of end user, the Asia-Pacific weight loss and obesity management market is segmented into under 18 years, 18 to 35 years, 35 to 50 years, and above 50 years. In 2022, 18 To 35 years segment is expected to dominate the market due to rise in the rate of childhood obesity.
- On the basis of distribution channel, the Asia-Pacific weight loss and obesity management market is segmented into the store based and non-stored based. In 2022, non-stored based segment is expected to dominate the market due to emerging COVID-19 pandemic.
- Based on geography, the weight loss and obesity management market is segmented into five geographical regions, five regions, North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The regions are further segmented into major countries such as the India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific. In 2022, the Japan is expected to dominate the market due to rising disposable incomes coupled with changing lifestyles due to rapid urbanization.
Asia-Pacific Weight Loss and Obesity Management Market Country Level Analysis
Asia-Pacific weight loss and obesity management market is segmented into six notable segments based on product type, product form, nature, category, end user demography and distribution channel.
The countries covered in the Asia-Pacific weight loss and obesity management market report are the Japan, China, South Korea, India, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific.
The type segment in the Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2022 to 2029 because of growth in investments & collaborations in weight loss and obesity management business. The product type segment in Japan dominates the Asia-Pacific market owing to rising disposable incomes coupled with changing lifestyles due to rapid urbanization.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance the Awareness for Weight Loss and Obesity Management Is Boosting the Market Growth of Asia-Pacific Weight Loss and Obesity Management Market
Asia-Pacific Weight loss and obesity management market also provides you with a detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2011 to 2020.
Competitive Landscape and Asia-Pacific Weight Loss and Obesity Management Market Share Analysis
Asia-Pacific weight loss and obesity management market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points are only related to the company’s focus on the Asia-Pacific weight loss and obesity management market.
Some of the major players operating in the Asia-Pacific Weight loss and obesity management market are Herbalife International of America, Inc., ABH Pharma Inc., Vitaco, Amway Corp., Stepan Company, GNC Holdings, LLC, GlaxoSmithKline plc., Glanbia PLC, Abbott, Shaklee Corporation, Nu Skin Enterprises, Atlantic Multipower UK Ltd., Nature's Sunshine Products, Inc., Ajinomoto Co., Inc., Bionova, DSM, American Health, Omega Protein Corporation, Integrated BioPharma, Inc., Bio-Tech Pharmacal, The Himalaya Drug Company, Pharmavite, Ricola, BLACKMORES, among others.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches are also initiated by companies worldwide, which also accelerates the Asia-Pacific Weight loss and obesity management market.
For instance,
- In July 2021, according to Cision US Inc., Body Complete Rx (BCRX) launched their TRIM line, its exclusive plant-based, vegan weight management supplements at The Vitamin Shoppe. The supplement offer benefits such as improve energy, nutrition and helps in weight management.
- In October 2020, according to GlobeNewswire, Inc., Meticore launched new weight loss supplement for men and women. The supplement helps in boosting the metabolism as it helps in increasing the temperature of internal cells, which results in metabolism regeneration. The formula is made with the help of six superior quality plant-based nutrients and herbal extracts coupled with Meticore pills.
Collaboration, product launch, business expansion, award and recognition, joint ventures, and other strategies by the market player enhance the company's footprints in the Asia-Pacific Weight loss and obesity management market, which also benefits the organization’s profit growth.
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