PROSPECTS AND OPPORTUNITIES
Lifestyle factors will continue to contribute to positive growth projections, alongside proliferation of new products
Demand for weight management and wellbeing in the Philippines is expected continue to rise over the forecast period as accelerated pace of life in major towns and cities across the country leaves consumers with less time to prepare fresh, home-made meals. This shift has led to increased reliance on fast food and convenient, processed options, despite the growing health and wellness trend.
E-commerce reviews and celebrity endorsement will play increasingly important roles in determining purchasing decisions
The expansion of e-commerce has led to a proliferation weight management and wellbeing products, resulting in an increasingly fragmented competitive landscape. Filipino consumers, known for their adventurous buying habits, are increasingly drawn to trendy weight management products with compelling health claims and innovative features, often experimenting with multiple options simultaneously.
Popularity of holistic approach to weight loss presents challenges and opportunities
Another significant trend expected to impact weight management and wellbeing during the forecast period is the shift towards more natural, body-friendly weight loss methods. Previously, some weight management products, especially OTC obesity treatments like orlistat, gained a negative reputation for being harsh on the body.
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Overview:
Understand the latest market trends and future growth opportunities for the Weight Management and Wellbeing industry in Philippines 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 Philippines, 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 Philippines 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 Philippines?
- Which are the leading brands in Weight Management and Wellbeing in Philippines?
- How are products distributed in Weight Management and Wellbeing in Philippines?
- How has the regulatory and operating environment for Weight Management and Wellbeing changed in Philippines?
- 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 the Philippines - Category analysis
KEY DATA FINDINGS
Weight management and wellbeing continues to gain traction
Rising obesity rates and Western beauty ideals have positive impact on sales
Fibre plays an increasing role in weight management
Lifestyle factors will continue to contribute to positive growth projections, alongside proliferation of new products
E-commerce reviews and celebrity endorsement will play increasingly important roles in determining purchasing decisions
Popularity of holistic approach to weight loss presents challenges and opportunities
Consumer Health in the Philippines - 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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