Weight management and wellbeing continued to perform well in Singapore in 2023, aligned with increased health consciousness amongst Singaporeans. Of all categories, supplement nutrition drinks emerged as the fastest growing, with more consumers seeking these products as they are considered milder weight management products. As more consumers are using weight management products – not just those who would like to lose weight – more Singaporeans are seeking milder day-to-day weight management solu...
Euromonitor International's Weight Management and Wellbeing in Singapore report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2018-2022, allowing you to identify the sectors driving growth. Forecasts to 2027 illustrate how the market is set to change.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Weight Management and Wellbeing market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Weight Management and Wellbeing in Singapore
Euromonitor International
October 2023
List Of Contents And Tables
WEIGHT MANAGEMENT AND WELLBEING IN SINGAPORE
KEY DATA FINDINGS
2023 DEVELOPMENTS
Supplement nutrition drinks sees the most dynamic growth in 2023, although meal replacement remains highly popular
Global inflation places additional price pressure on players
Senna seen as a common and effective ingredient for weight management in slimming teas
PROSPECTS AND OPPORTUNITIES
Alongside slimming teas, manufacturers experiment with RTDs to complement their weight management product ranges
Personalisation to become an even stronger trend as product efficacy comes under consumer scrutiny
Domestic e-commerce set to grow, while cross-border e-commerce will continue to negatively impact licensed distributors
CATEGORY DATA
Table 1 Sales of Weight Management and Wellbeing by Category: Value 2018-2023
Table 2 Sales of Weight Management and Wellbeing by Category: % Value Growth 2018-2023
Table 3 NBO Company Shares of Weight Management and Wellbeing: % Value 2019-2023
Table 4 LBN Brand Shares of Weight Management and Wellbeing: % Value 2020-2023
Table 5 Forecast Sales of Weight Management and Wellbeing by Category: Value 2023-2028
Table 6 Forecast Sales of Weight Management and Wellbeing by Category: % Value Growth 2023-2028
CONSUMER HEALTH IN SINGAPORE
EXECUTIVE SUMMARY
Consumer health in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for consumer health?
MARKET INDICATORS
Table 7 Consumer Expenditure on Health Goods and Medical Services: Value 2018-2023
Table 8 Life Expectancy at Birth 2018-2023
MARKET DATA
Table 9 Sales of Consumer Health by Category: Value 2018-2023
Table 10 Sales of Consumer Health by Category: % Value Growth 2018-2023
Table 11 NBO Company Shares of Consumer Health: % Value 2019-2023
Table 12 LBN Brand Shares of Consumer Health: % Value 2020-2023
Table 13 Penetration of Private Label in Consumer Health by Category: % Value 2018-2023
Table 14 Distribution of Consumer Health by Format: % Value 2018-2023
Table 15 Distribution of Consumer Health by Format and Category: % Value 2023
Table 16 Forecast Sales of Consumer Health by Category: Value 2023-2028
Table 17 Forecast Sales of Consumer Health by Category: % Value Growth 2023-2028
APPENDIX
OTC registration and classification
Vitamins and dietary supplements registration and classification