Europe Weight Management Supplement Market Size (2024 - 2029)

Europe Weight Management Supplement Market Analysis

The European weight loss management market was valued at USD 3.65 billion for the current year and is projected to register a CAGR of 7.68% over the next five years.

• The market is primarily driven by factors such as rising incidence of obesity and chronic diseases, rising awareness about nutrition and healthy lifestyles, an increasing number of fitness centers, and rising disposable income across the region.
• For instance, according to the International Health, Racquet & Sportsclub Association (IHRSA) organization, the number of people with memberships to gyms in the United Kingdom saw an increase between 2020 and 2021. In 2021, over 9.57 million people had gym memberships in the United Kingdom.
• In addition, an increasing number of regional health and fitness clubs fueled the market's growth. In line with this, consumers are becoming more aware of weight loss and management products due to the regular protein supplement recommendations in fitness and sports clubs for mass gain, strength gain, and weight loss.
• Moreover, product innovations by leading players, such as herbal and organic slimming products with natural ingredients, are boosting the market's growth. Products with such claims are expected to attract health-conscious consumers, thus aiding the market's growth. Hence, manufacturers are also actively launching products with such claims.
• For instance, in November 2022, Figure launched capsules in the United Kingdom, claiming that they contain eight exotic herbs and nutrients specifically formulated to target brown fat tissue. The company claimed that it contains eight ingredients that are safe and effective to help regulate appetite and burn calories more efficiently than ever. Such factors are expected to rise and attract a new consumer base, thus affecting the growth of the market positively during the forecast period.
• However, the major factor restraining the growth of the market is the high cost of weight loss products, owing to the additional processing required for low-calorie products and additional nutrients, such as vitamins and minerals.

Europe Weight Management Supplement Industry Segmentation

Any product related to diet that aids in weight loss or weight management activities is called a weight loss management product.

The European weight loss management market is segmented by type, distribution channel, and Geography. Based on type, the market is segmented into food and beverage and supplements. The food and beverage market is sub-segmented into meal replacement and slimming teas. The meal replacement segment is further sub-categorized into bars, RTD products, soups, and other meal replacements. While the supplements market is sub-segmented into capsule/soft gels, powder tablets, and other supplements. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacies, specialty stores, online retail stores, and other distribution channels. The study also covers the geographical analysis of major regions, such as Germany, the United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe.

The market sizing has been done in value terms in USD for all the abovementioned segments.