The growth of the global diet pills market is driven by a rising awareness about weight management amongst huge population. Diet pills might help feel fuller sooner with less food by controlling hunger cravings. As a result, one consumes less calories and sheds more pounds. Leading players in the market are focused on introducing innovative diet pills for effective weight loss. For instance, in May 2020, Wolfson Berg Limited launched a fat-burning drug called 'PhenQ' to trim and reduce the amount of fat in the body. PhenQ contains components that have been scientifically proven to boost key enzymes, resulting in faster weight reduction and less weariness in users. It has been shown to be extremely effective in the treatment of hormonal imbalances and the prevention of age-related problems. Thus with such advancements the global diet pills market is expected to flourish in the upcoming years.
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The Market is expected to See Immense Growth after the COVID-19 pandemic.
COVID-19 has made 37 percent of worldwide customers more sensitive of their weight, according to a survey conducted in February 2021. This has increased dramatically during the last 12 months, since only 21% in April 2020. Changes in eating and drinking habits are one of the reasons why consumers have become more concerned about their waistlines as a result of the epidemic. Due to the high level of uncertainty, six out of ten consumers have turned to comfort foods like ice cream and chocolate. This is because consumers associate these items with escapism in order to cope up with new daily concerns. Thus, with rising awareness about weight management diet pills are widely being consumed by a majority of the population. Moreover physicians and dieticians are raising awareness about the importance of diet pills with their huge benefits which is helping the global diet pills market to upsurge in the upcoming years.
Diet pills have various applications such as fat blocking, appetite reduction, metabolism booster, others. In simple terms, a dietary pill is a supplement that contains chemical elements and nutrients that aid the body in one way or another. A diet pill can effectively replace other food products while also providing a long-term balance to body's regular nutrient consumption. The most significant quality of a diet pill is that it aids in improving the body's metabolism, which leads to quick fat loss. Moreover obese and overweight people are more likely to have imbalanced acid and alkali levels. As a result, taking diet pills will not only help lose weight but will also help to get rid of excess acid. Diet medications can help you feel more energised and simplify daily duties and chores. It helps to reduce weight by lowering depression and increasing physical activity. Furthermore weight has an impact on cardiovascular health. Obesity or being overweight increases the risk of having a heart attack. As a result a huge population is using diet pills to benefit cardiovascular health indirectly since weight loss would result in less pressure on the heart, allowing it to pump more blood. Thus, the rising number of benefits of diet pills has led to an increased demand and growth of the global diet pills market.
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By Distribution Channel, Online Pharmacies to be the fastest growing segment of the Global Diet Pills Market
Online pharmacies have gained huge popularity in the last few years, as customers are looking forward to hassle free and trusted home deliveries. During the pandemic online pharmacies have gained utmost importance. Moreover a huge population has turned towards online platforms for shopping wherein medical supplies are climbing to the upmost. Online pharmacies offer the customers a wide range to choose the diet pills as per requirements and provide better prices than offline store. Thus with the rise in online pharmacies the global diet pills market is experiencing a huge growth.
By Region, Asia Pacific Region Is Expected to Show the Highest Growth Rate During the Forecast Years, Driven by the Rise in Awareness about Weight Management
Over the last two decades, Asia Pacific have seen not only significant expansion, but also a dramatic rise in overweight and obese populations. There has been a tremendous rise in the awareness about weight management amongst a huge population in countries like India, Japan, Australia and many others. People across Asia Pacific region are investing into weight loss foods and supplements which has led to a rise in demand for diet pills. Moreover, leading players in the market are focused on expanding their presence to Asia Pacific region and introduce diet pills with effective weight loss. Manufacturers are investing into research and development of diet pills to reduce its side effects.
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Key market participants operating in the global diet pills market are:
- Currax Pharmaceuticals LLC
- Gelesis, Inc.
- GlaxoSmithKline plc
- Health Nutrition Limited
- NOVO NORDISK
- Ultimate Life LTD.
- VIVUS LLC.
- Zoller Laboratories
- Other Market Participants
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Global Diet Pills Market
- Prescription based pills
- Over-the-counter (OTC) Pills
- Herbal pills
- Fat Blocking pills
- Appetite Reduction
- Metabolism Booster
By Distribution Channel
By End Users
- Hospitals and clinics
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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