"Weight Management in the Philippines" Published

According to the Department of Science and Technology, the prevalence of obesity doubled within 20 years with only 16.6% in 1993 to 31.1% in 2013, and set to further increase due to passive lifestyles. This resulted in massive demand for weight management with consumers switching from one brand to another. The onset of counterfeit and toxic products in famous distribution channels such as the online retailer, Lazada, reflects the aggressive move of illegal manufacturers and distributors to take advantage of this growing demand. The increasingly busy and stressful lifestyles of Filipino consumers gave way to increased rates of stress-related eating leading to obesity.

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Competitive Landscape

Herbalife International Philippines Inc held a 13% value share in 2015, leading the sale of weight management in the country through its meal replacement slimming and weight loss supplements. It was closely followed by Roche (Phils) Inc with a 9% value share through its OTC obesity brand, Xenical. These two companies have well-established brands that are loyally supported by consumers.

Industry Prospects

With a predicted 3% value CAGR at constant 2015 prices, weight management is predicted to experience stable but growing demand. The joint forces of government agencies and the private sector to alleviate the prevalence of obesity in the country will continue to drive demand and interest in this category. This is perceived to occur over a long period of time due to the difficulty of changing the sedentary and stressful work nature of most Filipino consumers creating a huge opportunity for weight management over the forecast period.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Weight Management industry in Philippines with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Weight Management industry in Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Weight Management in Philippines market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Weight Management in Philippines?

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