Slimming Aids Market Scope
Obesity is a Chronic disease complimented with serious health problems Including Diabetes, Hypertension and Cardiovascular diseases. Apart from Natural remedies (Fruit-diets, Exercises) for obesity Slimming Aids have increasingly become Popular over Past few Decades, these aids are available in Various forms including Pills, Supplements, Syrups, etc. Slimming aids are easily available from Online Ecommerce Websites to Supermarkets to Franchise Stores. Users have realised the Side effects of Synthetic Alternatives & Costly Surgical Treatments; this has derived demand for Natural and Organic Products for Slimming.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Amway (United States), Himalaya Wellness (India), Nestlé (Switzerland), Slimfast (United States), XLS-Medical (United Kingdom), GlaxoSmithKline (United Kingdom), Herbalife (United States), Grupo Omnilife (Mexico), Nutrisystem (United States), Marico Saffola (India) and ActiFiber (India) |
CAGR | % |
Slimming Aids Market comprises of High Degree of competition, well established players have an Edge over the new Entrants in terms of customer base & better serviceability, they understand the consumer requirements well. Players are concentrated Majority in North America, particularly in the United States. Currently key players are in the industry are looking to enhance their existing range of product by adding new Segments and at the same time deliver quality Products in accordance to changing regulatory Environment across core areas including Healthcare. Significant Merger & Acquisitions have happened in the recent years thus indicating towards the growth potential in the Slimming Aids Market. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Slimming Aids market throughout the predicted period.
Amway (United States), Himalaya Wellness (India), Nestlé (Switzerland), Slimfast (United States), XLS-Medical (United Kingdom), GlaxoSmithKline (United Kingdom), Herbalife (United States), Grupo Omnilife (Mexico), Nutrisystem (United States), Marico Saffola (India) and ActiFiber (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Slimming Aids market by Type and Region with country level break-up.
On the basis of geography, the market of Slimming Aids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 2nd April, 2020 – On 22nd January, 2020 – Hindustan Unilever Ltd (HUL) a Leading Indian Consumer Goods Manufacturer, Completed its Merger with GlaxoSmithKine Consumer Healthcare Limited (GSKCH).
On 22nd January, 2020 – SlimFast Launched a Range of Keto Products aimed at Weight loss & Slimming. Its Newly launched Keto Segment Includes Keto-Cup Cakes, Keto Meal Replacement Bars and Keto Shakes.
United States, Food & Drug Administration; Provides details about the Hidden Drug Ingredients for Various Slimming/Weight Loss products Sold in the United States., 10th September 2020, Singapore Health Sciences Authority (HSA); Banned products that used illegal Ingredient Substances & Laxatives such as Sibutramine, Sennoside, Diphenhydramine. and 30 November 2017, United Kingdom Medicine & Healthcare Products Regulatory Agency (MHRA); Announced joint Campaign with Slimming World against Products that use Harmful ingredients that con be detrimental to Consumer Health.
Influencing Trend:
Organic & Natural Products have Become Popular and Keto-diet has become Increasingly Demanded
Market Growth Drivers:
Adverse Eating Habits Leading to Obesity and Fitness and Health a Major area of Focus
Challenges:
Fierce Competitive Pressure and Availability of Duplicate Products
Restraints:
Presence of Counterfeit products, Ignorance to Health Problems derived from Obesity and Side-effects caused due to Chemicals used & Adulteration
Opportunities:
Increasing Number of Obese Patients and Growing Reach aAcross Emerging Economies
Key Target Audience
New Entrants & Investors, Research, Education & Training institutions, Weight loss Product Manufacturers, Suppliers, Distributers & Dealers of Slimming Aids, End Use Industries, Hospitals & Clinics, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms and Government Bodies