Weight Loss Pill Market - Global Industry Dynamics 2019-2020, Trends and Forecast 2021–2028

Weight loss pills are drugs that are specially formulated to promote weight loss by depressing appetite or increasing metabolism. Weight loss pills are ideal to consume in combination with a low-calorie diet and fitness activities.

Driving Factors

  • Rising consumer inclination toward a healthy lifestyle is significantly driving the global weight loss pills market. Obesity is becoming a serious problem across geographies. Overweight and obesity often lead to several health problems, including diabetes, heart disease, and certain cancers. Moreover, change in lifestyle and busy schedules have led people to unhealthy eating habits. Thus, they opt for weight loss pills to stay fit, slim, and healthy. These are the prime factors leading to increased consumption of weight loss pills in the global market.

  • The rise in disposable income is another major factor driving the demand for weight loss pills. High disposable income, purchasing power, and tendency to look slim and good, has fueled the demand for weight loss pills.

Challenges

  • Consumption of weight loss pills often leads to several health hazards such as rapid heartbeat, insomnia, nervousness, irritability, nausea, vomiting, liver failure, and weakness, among other potentially serious health problems. Moreover, physical activity is fundamental in promoting weight control, reducing weight, and preventing obesity. Consumers are increasingly focusing on a healthy lifestyle, including the consumption of healthy foods coupled with participation in sports and other fitness activities. These are the prime factors that are expected to hamper the demand for weight loss pills in the global market.

Market Segmentation

  • The global weight loss pills market can be segmented based on the product, type, end-user, distribution channel, and region

  • In terms of product, the weight loss pills market can be classified into appetite suppressant pills, metabolism-enhancing pills, carb/fat blocking pills, fat burning pills, and others. Based on type, the weight loss pills market can be divided into prescription drugs, over-the-counter drugs, and herbal supplements.

  • In terms of end-user, the market can be categorized into men and women. Based on the distribution channel, the weight loss pills market can be bifurcated into offline and online. The online segment can be sub-divided into a company-owned website and e-Commerce website. The offline segment can be sub-divided into organized stores and unorganized stores.

  • Based on the region, the global weight loss pills market can be divided into North America, South America, Asia Pacific, Middle East & Africa, and Europe. Furthermore, the regions are categorized into countries such as the U.S., Canada, Germany, France, Italy, the U.K., GCC Countries, South Africa, China, India, Japan, Australia, and Brazil. North America market is expected to account for a major share of the global weight loss pills market, due to the prevalence of high rate of obesity in North America.

Competition Landscape

  • The global weight loss pills market is fragmented in nature and is expected to witness increased competition in the coming years, owing to the entry of new players in the global market. Manufacturers are focusing on product innovation to meet the increasing demand from consumers across the globe, thereby leading to the overall growth of the market.

  • Key players operating in the global weight loss pills market are Cheplapharm, Vivus, Inc., Orexigen Therapeutics, Inc., Novo Nordisk A/S, Roche Holding AG, GlaxoSmithKline, Arena Pharmaceuticals GmbH, Nanjing Chang'ao Pharmaceutical Co., Teva Pharmaceutical Industries Ltd., Lunan Pharmaceutical group Corporation Ltd., China Zhongshan Pharma Co. Ltd., GlaxoSmithKline Pharmaceuticals Ltd., Iovate Health Sciences Inc., ZEIN Pharmaceutical Co. Ltd., STADA–VN J.V. Co. Ltd., Hexal AG, Taj Pharmaceuticals Ltd., Zoller Laboratories, Cortislim, D.M. Pharma, and Kabir Life Sciences and Research Pvt. Ltd., among others

Weight Loss Pills Market: Segmentation

Weight Loss Pills Market, by Product

  • Appetite Suppressant Pills

  • Metabolism Enhancing Pills

  • Carb/Fat Blocking Pills

  • Fat Burning Pills

  • Others

Weight Loss Pills Market, by Type

  • Over the Counter Pills

  • Prescription Pills

  • Herbal Supplements

Weight Loss Pills Market, by End User

  • Men

  • Women

Weight Loss Pills Market, by Distribution Channel

  • Online

    • Company-owned Website

    • e-Commerce Website

  • Offline

    • Organized Stores

    • Unorganized Stores

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