PROSPECTS AND OPPORTUNITIES
Development and availability of GLP-1 products could have adverse effect on weight management and wellbeing market
During the forecast period, the market for weight management and wellbeing in Singapore is likely to be impacted by the growing availability of GLP-1 medications, which have now been authorised for use with a doctor's prescription. Primarily designed for individuals with type 2 diabetes and adults struggling with excess weight, GLP-1 medications are expected to become a key treatment option for obesity due to their proven effectiveness.
Shift towards holistic approach to weight management
Moving forward, brand owners in the weight management and wellbeing segment will need to evolve in line with the growing trend towards holistic health. Today’s consumers are increasingly aware that no single product can achieve sustainable weight management; rather, they recognise the need to adopt a balanced lifestyle that incorporates multiple elements, including diet, exercise, mental health, and sleep hygiene.
Domestic e-commerce growth will continue, while cross-border sales will challenge licenced distributors
E-commerce will continue to play a crucial role in the growth of the weight management and wellbeing market in Singapore. Many well-known direct-selling brands now sell their products online, and this trend is expected to persist, with e-commerce sales unlikely to return to pre-pandemic levels due to the convenience and growing preference for online shopping.
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Overview:
Understand the latest market trends and future growth opportunities for the Weight Management and Wellbeing industry in Singapore with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Weight Management and Wellbeing industry in Singapore, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Weight Management and Wellbeing in Singapore report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Weight Management and Wellbeing in Singapore?
- Which are the leading brands in Weight Management and Wellbeing in Singapore?
- How are products distributed in Weight Management and Wellbeing in Singapore?
- How has the regulatory and operating environment for Weight Management and Wellbeing changed in Singapore?
- How are considerations such as stress, self-medication and shifting consumer lifestyles shaping demand for Weight Management and Wellbeing
- How significant are wider health concerns and consumer awareness in determining sales?
- Where is future growth expected to be most dynamic?
Weight Management and Wellbeing in Singapore - Category analysis
KEY DATA FINDINGS
Decline in demand for weight loss supplement amid regulatory actions
Shift towards holistic health in marketing practices
Direct selling dominates weight management and wellbeing in Singapore, as potential health risks associated with online purchases affect consumer confidence
Development and availability of GLP-1 products could have adverse effect on weight management and wellbeing market
Shift towards holistic approach to weight management
Domestic e-commerce growth will continue, while cross-border sales will challenge licenced distributors
Consumer Health in Singapore - Industry Overview
Consumer health in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer health?
OTC registration and classification
Vitamins and dietary supplements registration and classification
Self-medication/self-care and preventive medicine
Switches
DISCLAIMER
DEFINITIONS
The following categories and subcategories are included:
Weight Management and Wellbeing
- Meal Replacement
- OTC Obesity
- Slimming Teas
- Supplement Nutrition Drinks
- Weight Loss Supplements
Weight Management and Wellbeing
Weight management and well being is the aggregation of meal replacement, weight loss supplements, OTC obesity, and slimming teas. Exclude meal plans such as Weight Watchers, Jenny Craig, Nutrisystem, or Slimming World among others similar options.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Weight Management and Wellbeing research and analysis database.
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