Diet Pills Market Value to Reach US$ 3.01 Billion by 2030: Growth Plus Reports Study

Newark, New Castle, USA, March 29, 2023 (GLOBE NEWSWIRE) — A recent report by Growth Plus Reports estimated the global Diet Pills Market to be worth US$ 1.3 billion in 2021. From 2022 to 2030, it is expected that market revenue will grow at a CAGR of 9.8%, reaching US$ 3.01 billion. The most successful strategies, market trends, significant drivers and opportunities, the competitive environment, market size, statistical data, and revenue are all included in the report. 

Key Takeaways:

• Increasing adoption of healthy body weight is raising the demand for the diet pills market. 
• Rising cases of chronic diseases like obesity and hypertension likely to boost market revenue. 
• Increased drug discoveries and R&D activities will create a strong product pipeline. 

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Diet Pills Market Scope

Market Drivers: 
The rise in diseases like obesity, cardiovascular disease, diabetes, and hypertension is raising the revenue share of the global market for diet pills. These pills, furthermore, are consumed to maintain healthy body weight as a rising adoption of a healthy lifestyle, fueling the market revenue expansion. However, the strict regulatory framework by the government related to the high risk and side effects of the chemical used is expected to restrict the revenue growth to some extent. 

Market Segmentation: 
The Growth Plus Reports have analyzed the global diet pills market from perspectives such as product type, application, distribution channels, and regions. 

Product Type Segmentation: 
Based on product type, the global diet pills market is segmented into over-the-counter drugs and prescriptions. 

The prescription segment accounts for the largest revenue share in the market as most diet pills are prescribed by healthcare professionals as an additional supportive weight loss option with exercise and a balanced diet. 

Application Segmentation: 
Based on application, the global diet pills market is segmented into fat blocking, appetite suppression, and others. 
The appetite suppression segment dominates the market revenue share. This significant market revenue share is attributed to the absence of caffeine content or other stimulants and still being able to provide energy and focus on maintaining a healthy lifestyle. 

Distribution Channels Segmentation: 
Based on distribution channels, the global diet pills market is segmented into drug stores & retail pharmacies, hospital pharmacies, and online pharmacies. 

The retail pharmacies segment accounts for the highest market revenue share. This rise in the revenue share is because of the accessibility of weight loss supplements in departmental stores, health & beauty shops, and retail pharmacies. Furthermore, the rising rate of e-commerce, convenience of purchasing, and product discounts will drive the online pharmacy segment’s revenue growth during the forecast period. 

Regional Growth Dynamics: 
Based on region, the global diet pills market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

Based on regions, Asia Pacific accounts for the largest revenue share due to the high prevalence of obesity, rising disposable incomes, and growing health consciousness among consumers to support an ideal physique and general well-being. 

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Competitive Landscape:
The prominent players operating in the diet pills market are: 

• GlaxoSmithKline plc 
• Chong’s Health Care 
• Herbalife Limited 
• Novo Nordisk A/S 
• Gelesis
• Zoller Laboratories 
• Nutrisystem Limited
• F. Hoffmann-La Roche Ltd. 
• Currax Pharmaceuticals LLC
• Arena Pharmaceuticals 

Due to new product introductions, mergers, and acquisitions, the global market for diet pills is very competitive. Also, the market identified alliances, purchases, and numerous other forms of cooperation as effective development methods, raising the prospect of future revenue growth. 

Recent Developments: 

• In June 2022, The FDA-approved weight-loss drug Tirzepatide was launched by Eli Lilly to treat individuals with type-2 diabetes.
• In December 2021, To restructure its portfolio of anti-inflammatory medications, Pfizer Inc. paid US$ 6.7 billion to purchase Arena Pharmaceuticals. Pfizer was also in a prime position to buy other assets.

Table of Content

1. INTRODUCTION
   1. Market Ecosystem 
   2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecasted Years – 2022 to 2030
   3. Currency Used in the Report
2. RESEARCH METHODOLOGY 
   1. Research Approach
   2. Data Collection Methodology
   3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
   4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
   5. Market Forecasting Model
   6. Limitations and Assumptions       
3. PREMIUM INSIGHTS
   1. Current Market Trend (COVID-19 Perspective)
   2. Key Players & Competitive Positioning (2021) 
4. MARKET DYNAMICS
   1. Drivers
   2. Restraints
   3. Opportunities
5. GLOBAL DIET PILLS – ANALYSIS & FORECAST, BY PRODUCT TYPE
   1. Over the Counter
   2. Prescription 
6. GLOBAL DIET PILLS – ANALYSIS & FORECAST, BY APPLICATION
   1. Fat Blocking
   2. Appetite Suppression
   3. Others 
7. GLOBAL DIET PILLS MARKET ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
   1. Drug Stores & Retail Pharmacies
   2. Hospital Pharmacies
   3. Online Pharmacies

DIET PILLS MARKET TOC

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VALUE PROPOSITIONS RELATED TO THE REPORT:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• ‘Business Profile’ of Key Players

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