Global Slimming Aids Market Size (2024 - 2029)

Slimming Aids Market Analysis

The Global Slimming Aids Market size is estimated at USD 20.38 billion in 2024, and is expected to reach USD 41.48 billion by 2029, growing at a CAGR of 15.27% during the forecast period (2024-2029).

Factors such as the increasing rate of obesity, changing lifestyles, and the launch of new and advanced products by various key market players are propelling the growth of the slimming aids market.

Obesity cases are rising highly all over the world. For instance, according to the report published by the World Health Organization in March 2024, in 2022, 1 in 8 people in the world were living with obesity. In 2022, 2.5 billion adults (18 years and older) were overweight. Of these, 890 million were living with obesity, over 43% of adults aged 18 years and over were overweight, and 16% were living with obesity. Thus, the high burden of the obese population is expected to increase the demand for a variety of slimming aids owing to effective weight reduction, thereby contributing to the growth of the market over the forecast period.

There is a noticeable trend toward the consumption of fast food, a phenomenon intertwined with detrimental health repercussions such as the heightened prevalence of obesity and the onset of chronic diseases. For instance, according to a report published by the Medicine Journal in April 2023, fast food was consumed weekly by 87.8% and daily by 45.6% globally. The highest and lowest prevalence of weekly fast-food intake was reported among Turkish (99.6%) and Sudanese (48.3%). The highest and lowest daily intake rates were reported among participants from the Philippines (85.9%) and Bangladesh (10.0%).

The rising product launches related to weight loss are contributing to the market growth. For instance, in January 2024, Abbott launched its new Protality brand. The high-protein nutrition shake is one of the first products in this line to support the growing number of adults interested in weight loss while maintaining muscle mass and good nutrition. In January 2024, GNC launched a new weight loss supplement, total Lean GlucaTrim, that is formulated to support weight loss, lean muscle mass, and healthy blood sugar and insulin levels.

However, deceptive marketing practices and the presence of counterfeit products are expected to restrain the market growth over the forecast period.

Slimming Aids Industry Segmentation

As per the scope of the report, slimming aids are dietary supplements that are intended to help an individual lose weight and manage weight. Slimming aids are of various types based on their ingredients and consumption methods, such as dietary pills, special teas, weight-loss powders, etc. The slimming aids market is segmented by product type, mode of consumption, and geography. By product type, it is segmented into natural, synthetic, and semi-synthetic. The mode of consumption is segmented into tables and capsules, powder, syrups, and injection. By geography, it is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above-mentioned segments.