The Middle East & Southeast Asia weight management products market is projected to grow from US$ 798.96 million in 2023 to US$ 1,560.39 million by 2031. The market is expected to record a CAGR of 8.7% from 2023 to 2031.
The report includes growth prospects owing to the current Middle East & Southeast Asia weight management products market trends and their foreseeable impact during the forecast period.
Weight management products are a range of items designed to assist individuals in controlling or reducing their body weight. These products can include dietary supplements, meal replacement shakes, and appetite suppressants. A few of these products may aid in weight loss when used as part of a comprehensive approach that includes healthy eating habits. In the Middle East & Southeast Asia weight management products market growth is majorly attributed to rising health expenditure, increasing awareness regarding the health benefits of weight management products, and constant initiatives taken by the government.
Growth Drivers and Challenges:
The increasing incidences of obesity in the Middle East & Southeast Asia is a significant driver for the market growth. According to the World Obesity Foundation, obesity is on the rise in the UAE, with an estimated 7.5 million people, including 700,000 adolescents and children, expected to be overweight or obese by 2035. Several factors, including rapid urbanization, the adoption of a sedentary lifestyle, and the availability of processed and high-calorie food, contribute to this trend. With obesity rates on the rise and awareness of associated health risks increasing, individuals in the Middle East & Southeast Asia are turning toward weight management products to address their weight concerns and improve overall health. In addition, the governments of several countries across the region are investing prominently to provide access to top-class healthcare services to people. For instance, in 2021, the Ministry of Health and Prevention (MoHAP) of the UAE launched several awareness campaigns, such as "Together We Move," to promote physical activity among women aged 18–44 years. Such initiatives by governments positively influence the demand for weight management products in the Middle East & Southeast Asia. Thus, all these factors are boosting the Middle East & Southeast Asia weight management products market size.
The proliferation of e-commerce in the region has further contributed to the market growth. Consumers are rapidly shifting toward e-commerce as it offers the convenience of shopping multiple products remotely and heavy discounts. E-pharmacies and online health stores are witnessing immense demand for weight management products that provide general wellness. Thus, the surging demand for weight management products from online shopping platforms is expected to drive the Middle East & Southeast Asia weight management products market growth during the forecast period.
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Middle East & Southeast Asia Weight Management Products Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Middle East & Southeast Asia Weight Management Products Market: Strategic Insights
Shejal
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Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Report Segmentation and Scope:
The Middle East & Southeast Asia weight management products market analysis is carried out by considering the following segments: Form and Geography.
Segmental Analysis:
Based on form, the Middle East & Southeast Asia weight management products market is segmented into powders, RTD beverages, bars, tablets, gummies, and others. The powder segment holds a significant Middle East & Southeast Asia weight management products market share, whereas the gummies segment is expected to witness the fastest CAGR from 2023 to 2033. Gummies are witnessing robust growth due to the availability of a wide range of products with unique flavors, colors, and shapes. The demand for gummy supplements has significantly increased in Indonesia, especially after the COVID-19 outbreak, as people have become more health-conscious. The demand for vitamin C supplements, zinc and iron supplements, and multivitamins has also grown significantly after the outbreak. According to YOUVIT, an Indonesia-based gummy supplements manufacturer, in March 2020, the company sales nearly tripled in February and soared even more in April. With increasing concerns regarding health and wellness among people, the demand for gummy supplements is expected to remain constant, driving the Middle East & Southeast weight management products market.
Country Analysis:
The scope of the Middle East & Southeast Asia weight management products market report focuses on Thailand, Malaysia, Vietnam, Philippines, Indonesia, and Singapore. Indonesia accounted for the significant Middle East & Southeast Asia weight management products market share in 2023. The demand for weight management products, especially after the COVID-19 outbreak, has increased throughout the country as consumers are focusing more on maintaining a healthy lifestyle. Singapore is grappling with a rising obesity rate spurred by a sedentary lifestyle, poor dietary choices, and stress. Consequently, individuals are actively seeking solutions to address weight concerns and enhance their overall well-being. The growing recognition of the significance of weight control in preventing chronic ailments such as diabetes, heart disease, and cancers has driven more people to include weight management products in their diet. Further, Singapore's urban lifestyle, characterized by busy work schedules and a reliance on convenience foods, has fueled a demand for efficient weight management solutions that seamlessly integrate into hectic routines.
Industry Developments and Future Opportunities:
As per company press releases, a few initiatives taken by key players operating in the Middle East & Southeast Asia weight management products market are listed below:
- In December 2023, Herbalife announced the launching of an array of new wellness products tailored to the needs of consumers in Asia Pacific. The new product launch focuses on science-based innovation and diversifying the existing range, daily nutrition supplementation, targeting weight management, fitness and performance, and skin and body care to meet shifting consumer demands.
- In December 2023, Vitals Brand (Thailand) Co., Ltd launched an e-commerce platform to provide a one-stop solution to consumers across the countries for shopping premium weight management products.
Middle East & Southeast Asia Weight Management Products Market Report Scope
Competitive Landscape and Key Companies:
Haleon group of companies, THG Nutrition Limited, Amway (Singapore) Pte Ltd, Sustyfoods Singapore, Abbott, Optimum Nutrition, MUSCLETECH, LAC Nutrition for Life, 1 Up Nutrition, BEAU SERENE, FULFIL, and Elite Nutrition are among the prominent players profiled in the Middle East & Southeast Asia weight management products market report. These market players are adopting strategic initiatives to expand their businesses, which is further driving the market.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Weight Management Products Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Weight Management Products Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Weight Management Products Market - Middle East and Southeast Asia Market Analysis
6.1 Weight Management Products - Middle East and Southeast Asia Market Overview
6.2 Weight Management Products - Middle East and Southeast Asia Market and Forecast to 2031
7. Weight Management Products Market – Revenue Analysis (USD Million) – By Form, 2021-2031
7.1 Overview
7.2 Powders
7.3 RTD Beverages
7.4 Bars
7.5 Tablets
7.6 Gummies
7.7 Others
8. Weight Management Products Market - Revenue Analysis (USD Million), 2021-2031 – Country Analysis
8.1 Middle East
8.1.1 Middle East Weight Management Products Market Overview
8.1.2 Middle East Weight Management Products Market Revenue and Forecasts to 2031
8.1.3 Middle East Weight Management Products Market Revenue and Forecasts and Analysis - By Form
8.2 Southeast Asia
8.2.1 Southeast Asia Weight Management Products Market Overview
8.2.2 Southeast Asia Weight Management Products Market Revenue and Forecasts to 2031
8.2.3 Southeast Asia Weight Management Products Market Revenue and Forecasts and Analysis - By Form
8.2.4 Southeast Asia Weight Management Products Market Revenue and Forecasts and Analysis - By Countries
8.2.4.1 Indonesia Weight Management Products Market
8.2.4.1.1 Indonesia Weight Management Products Market, by Form
8.2.4.2 Singapore Weight Management Products Market
8.2.4.2.1 Singapore Weight Management Products Market, by Form
8.2.4.3 Malaysia Weight Management Products Market
8.2.4.3.1 Malaysia Weight Management Products Market, by Form
8.2.4.4 Thailand Weight Management Products Market
8.2.4.4.1 Thailand Weight Management Products Market, by Form
8.2.4.5 Philippines Weight Management Products Market
8.2.4.5.1 Philippines Weight Management Products Market, by Form
8.2.4.6 Vietnam Weight Management Products Market
8.2.4.6.1 Vietnam Weight Management Products Market, by Form
9. Industry Landscape
9.1 Mergers and Acquisitions
9.2 Agreements, Collaborations, Joint Ventures
9.3 New Product Launches
9.4 Expansions and Other Strategic Developments
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
10.2 Company Positioning and Concentration
11. Weight Management Products Market - Key Company Profiles
11.1 Haleon Group of Companies
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
Note - Similar information would be provided for below list of companies
11.2 THG Nutrition Limited
11.3 Amway (Singapore) Pte Ltd
11.4 Sustyfoods Singapore
11.5 Abbott
11.6 Optimum Nutrition
11.7 MUSCLETECH
11.8 LAC Nutrition for Life
11.9 1 Up Nutrition
11.10 BEAU SERENE
12. Appendix
12.1 Glossary
12.2 About The Insight Partners
12.3 Market Intelligence Cloud
The List of Companies - Middle East & Southeast Asia Weight Management Products Market
- THG Nutrition Limited
- Amway (Singapore) Pte Ltd
- Sustyfoods Singapore
- Abbott
- Optimum Nutrition
- MUSCLETECH
- LAC Nutrition for Life
- 1 Up Nutrition
- FULFIL
- Elite Nutrition
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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