Weight Loss Supplements Market Packages, By Function, Product, Formulation And Market Research Report 2023-2032|Glanbia PLC, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Abbott, Kellogg Company

The Weight Loss Supplements Global Market Report 2023 by The Business Research Company, provides weight loss supplements market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Weight Loss Supplements Global Market Report 2023, the market size will grow from $34.5 billion in 2022 to $39.18 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the weight loss supplements is expected to grow to $65.16 billion in 2027 at a CAGR of 13.6%.

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.

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The weight loss supplements market is segmented:

1) By Type: Liquid, Powder, Softgels, Pills, Other Types

2) By Ingredents: 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

The development of new production technologies and innovative products is a key trend gaining popularity in the weight loss supplements market. Major companies operating in the weight loss supplements market are focused on developing innovative weight loss supplements to meet fast-growing end customer demands and strengthen their position in the market. For instance, Nature’s Formulas, a US-based supplement company has developed BioFit, an innovative, industry-leading probiotic weight loss supplement manufactured from natural ingredients. This product includes natural ingredients and 800 milligrams of microbes that can survive harsh stomach acids to quickly improve digestion, increase energy, and speed up fat loss with no side effects. The company has developed this product to target and help customers lose body weight without following strict diet plans, exercise, or weight-reducing surgeries.

The weight loss supplements market report table of contents includes: