The weak outlook for Spain’s economy due to elevated inflation, global uncertainty and high interest rates, at least at the beginning of the forecast period, is set to result in many local consumers being less likely to allocate large percentages of their tight budgets to weight management products. Spaniards are expected to buy fewer products, more affordable private label ranges, or move online to find smaller brands offering competitive prices.
One important factor that should be taken into account is that Spanish people are increasingly doing their own online research when looking for the best ways to lose weight and this means that it is becoming increasingly important for weight management and wellbeing brands to maintain a strong online presence. Already starting to emerge over the review period, weight management and wellbeing is set to experience greater competition from sports protein products, especially as brands such as Myprotein expand their portfolios to meal replacement options, thereby blurring the lines between categories.
The latest solution to control diabetes was launched in 2022 by Ozempic, which also resulted in patients reporting rapid weight loss. As a result, endocrinologists began to prescribe this new product for their obesity patients.
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Understand the latest market trends and future growth opportunities for the Slimming Products industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Weight management and well being is the aggregation of meal replacement, weight loss supplements, OTC obesity, and slimming teas. Exclude meal plans such as Weight Watchers, Jenny Craig, Nutrisystem, or Slimming World among others similar options.See All of Our Definitions
This report originates from Passport, our Slimming Products research and analysis database.
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