The Weight Loss Supplements Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Weight Loss Supplements Global Market Report 2024, The weight loss supplements market size has grown rapidly in recent years. It will grow from $38.38 billion in 2023 to $43.14 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The growth in the historic period can be attributed to increasing health consciousness, changing lifestyles and diets, rising obesity rates, media and celebrity influence, product innovation and marketing.
The weight loss supplements market size is expected to see rapid growth in the next few years. It will grow to $67.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The growth in the forecast period can be attributed to continued focus on health and fitness, preventive healthcare trend, personalized nutrition solutions, e-commerce and direct-to-consumer trends, regulatory support and compliance. Major trends in the forecast period include holistic approach to weight management, marketing strategies emphasizing health benefits, greater transparency and clean labeling, collaboration with fitness and wellness industries, sustainable and eco-friendly practices.
The growing obese population is driving the growth of the weight loss supplements market. Obesity refers to the abnormal or excessive accumulation of fat, which might impair the health of individuals. In recent years, obesity has become a public health challenge across the globe, with a substantial contribution to global mortality and morbidity. The growing obese population is predicted to boost demand for weight loss supplements as these are widely adopted by individuals as healthy options to reduce weight. For instance, according to the World Health Organization (WHO), over 1 billion people globally are obese currently (2022), of that, 650 million are adults, 340 million are adolescents and 39 million are children. By 2025, around 167 million people; adults and children will become less healthy as they are overweight or obese. Thus, the growing obese population is expected to boost demand for weight loss supplements during the forecast period.
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The weight loss supplements market covered in this report is segmented –
1) By Type: Liquid, Powder, Softgels, Pills, Other Types
2) By Ingredients: Vitamins & Minerals, Amino Acids, Natural Extracts/Botanicals
3) By Distribution: Offline Channel, Online Channel
4) By End User: Under 18 years, 18 to 40 years, 40 to 50 years, Above 50 years
Major companies in the weight loss supplements market are focusing on developing innovative product, such as new product lines, to deliver extreme energy and maximum intensity. Hydroxycut’s new ‘Hardcore’ product line is an innovative range of weight loss supplements featuring clinically researched ingredients, increased energy, and diverse product formats. For instance, in June 2023, Hydroxycut, a US-based brand of dietary supplements marketed as a weight loss aid, launched the new “Hardcore” product line. This product line stands out with clinically researched weight loss ingredients, including C. canephora robusta, increased energy and focus, and the addition of Yohimbe. The diverse product range, easy-to-follow 3-step program, and science-backed formulas contribute to its competitive edge, addressing the varied needs of consumers in the dynamic weight loss supplements market.
The weight loss supplements market report table of contents includes:
1. Executive Summary
2. Weight Loss Supplements Market Characteristics
3. Weight Loss Supplements Market Trends And Strategies
4. Weight Loss Supplements Market – Macro Economic Scenario
5. Global Weight Loss Supplements Market Size and Growth
…..
32. Global Weight Loss Supplements Market Competitive Benchmarking
33. Global Weight Loss Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Weight Loss Supplements Market
35. Weight Loss Supplements Market Future Outlook and Potential Analysis
36. Appendix
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