Diet Pills Market

Diet Pills Market Outlook (2022-2032)

The global diet pills market is valued at USD 1.47 Billion in the year 2022. This market is growing with a CAGR of 9.8% during the forecast duration. Moreover, this market is anticipated to cross the valuation of USD 3.74 Billion by end of 2032.

Report Attributes	Details
Global Diet Pills Market size (2022 A)	USD 1.47 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 3.74 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 9.8%
Key Companies Profiled	GlaxoSmithKline Pharmaceuticals Ltd. Iovate Health Sciences Inc. Zoller Laboratories Cortislim Nanjing Chang'ao Pharmaceutical Co. Vivus, Inc. Orexigen Therapeutics

What are the Factors in favor of Rising Diet Pills Demand?

Increasing purchasing powers owing to rising gross domestic products of countries are driving demand for diet pills in the markets. The further aggregate amount of consumer awareness is the decisive force behind sales of diet pills. Health consciousness among people is the impetus behind the accelerating demand for diet pills.

Increased women and men workforce participation has given a stimulus to the projected growth in the diet pills market. As per the statistics, around 45 million Americans opt for a diet each year, resultantly spending USD 33 billion on weight loss products, including diet pills.

This health-centricity is anticipating a rise in diet pills market revenue in the forecast duration. The pills are being preferred as a comparatively cheaper option than other formulations. Diet pills are widely gaining acceptance by people of all age groups owing to more shelf life.

The government initiatives for obesity control are fostering demand for diet pills. Random weight gain, diabetes, and obesity issues are increasing, which is likely to propel diet pill sales. There is rising awareness among the public about the need for the prescription of dietary pills, and there is a shift in the trend of consumption of these supplements.

The role of nutritionists in the prescription of diet pills is determined these days by gym enthusiasts. Manufacturers of diet pills have given attention to these trends and focused more on the strategic marketing of their products. There is a progression in the medical research field, which is contributing to the rising demand for diet pills in the forecast period. Several companies have successfully launched different dietary pills in the market.

Restraints Affecting Demand for Diet Pills in the Market

The adverse effects, such as pulmonary hypertension associated with the overuse of dietary pills, are affecting sales of diet pills. In some incidences, these pills tend to provoke blood pressure, heart rate, and nervousness among consumers. Many prescriptions Diet pills are produced as per Schedules 3 and 4 of the controlled substance act. This is expected to prevent the reach of diet pills and make them reach only those who are in need.

Despite these laws in place, diet pills are being abused at an alarming frequency. The compliance and regulatory concerns associated with drug production are prime concerns of vendors in diet pills. Further, the cost of raw materials and retention of a strong supply chain network is challenging for diet pill manufacturers.

Segment wise analysis

Prescription-based Diet Pills to Thrive through 2032

There is positive growth in the prescription-based consumption of diet pills is expected to see the fastest growth rate owing to availability in the forms of chewable and sublingual pills. Vitamins and mineral diet pills dominate sales under the prescribed diet pills segment.

The mineral supplements in pill forms are expected to support weight management to foster metabolism and functioning. The majority of these tablets are prescribed for treating iron deficiencies across all age groups and enhancing health performance.

The herbal segment in diet pills is expected to see positive growth in the forecast duration owing to the demand for more vegan and plant-based diet products. The rising environmental concerns have a positive impact on the diet pills industry in terms of emerging opportunities for diet pills vendors. The herbal pills based he ingredients naturally derived from green tea extracts, caffeine, and green coffee beans leading to the present demand for diet pills in the market.

On the basis of application, diet pills are consumed as metabolism-raising pills, fat-blocking pills, and appetite-controlling pills. Diet pills are largely taken to increase the metabolism required for weight loss in people facing obesity issues. This segment is anticipated to mark a higher growth rate in the forecast period. Moreover, due to changing food quality and lifestyle issues, appetite-controlling pills are expected to drive sales in the forecast duration.

The offline distribution of diet pills dominated in 2020, accounting for the highest revenue of 70.4%. The hospital pharmacies and retail stores are prime distribution channels for diet pills offline sales. The health and beauty stores are also added segments of distribution which are positively impacting awareness and segment growth. Consumers tend to trust offline channels for the purchase of medicines and diet supplements owing to prevention against counterfeit products.

Moreover, online channels are expected to record the fastest CAGR value in the forecast duration. Online retailers offering attractive discounts and monthly prescriptions tend to strive for customer preferences. The online channels widely opt for their ability to distribute at various locations outlining offline stores. The rising self-driven customers are likely to be drivers of this segment’s growth in the forecast duration.

Regional Insights

Novel Opportunities to Arise in the Diet Pills Market in Asia Pacific

The sales of diet pills are centered maximum in the Asia Pacific region due to the high prevalence of obesity issues and rising health consciousness. The region also experiences rising incomes which raises pocket expenditure by people. The adult populace in the region relies on diet pills for weight management to gain proper physics.

There are novel opportunities in terms of product development and distribution channels in this region, as marked by growing demand. The rising diseases and lifestyle issues are drivers of demand for diet pills in the forecast duration in Asia Pacific markets.

The North American region is expected to mark the second-highest growth rate as there is a disquieting rise in patients with overweight and unhealthy diet patterns. The people of this region are well aware of the importance of fitness training resulting in rising gym memberships. Alongside there are big industry players present in the market anticipated to drive growth in sales of diet pills.

Strategies by Key Players in the Diet Pills Market

The diet pills industry is likely to notice a rise in competition among dominant firms. However, the manufacturing of diet pills is a capital incentive process imposing challenges for start-ups in the sector. The key players in the market opt for product research, strategic collaborations, and extensive promotion of products. Companies are paying equal importance to sustainable production by focusing on making it a priority throughout the production cycle.

• In September 2023 GSK launched a sustainable procurement program for suppliers that ensure commitment to make enhancement in emission and energy management aiming to reduce the carbon impact of the firm.
• In August 2022, a Leading US manufacturer of diet pills Currax pharmaceuticals LLC launched the “One size does not fit all” campaign to address emotional challenges for individuals seeking weight loss.

Diet Pills Market: Segmentation

• By Product Type :

  • Prescription Based Drugs
  • Over the Counter Drugs
  • Herbal Supplements

• By Application :

  • Metabolism Raising Pills
  • Fat Blocking Pills
  • Appetite Controlling Pills
  • Others

• By Distribution channel :

  • Hospital Pharmacy
  • Retail Pharmacy
  • Drug Stores

• By Region :

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe