February 21, 2022
As per the report title, ‘Global Weight Loss Supplements Market Size study, By End User (Under 18, 18-40 Years, 40 to 50 years, above 50 Years), By Distribution Channel (Offline, Online), By Type (Liquid, Powders, Softgels, Pills, Others), By Ingredients (Vitamins & Minerals, Amino Acids, Natural Extracts/Botanicals), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global weight loss supplements market was evaluated at USD 34.4 billion in 2020 and is expected to reach USD 99.9 billion by 2027, recording a whopping 16.6% CAGR over the projection period.
The growth of the global weight loss supplements market is primarily driven by increasing awareness and adoption of fitness as well as healthy lifestyle.
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It is worth noting that weight loss supplements are used to help people lose weight. It's available in both tablet and powder form. Thus, rising prevalence of cancer and obesity is stimulating the overall industry outlook.
However, concerns over the side effects associated with weight loss supplements will restrict market growth over the forecast period.
By end-user landscape, worldwide weight loss supplements industry is divided into 18-40 years, under 18, 40 to 50 years, and above 50 years. Moving to distribution channel, the market is divided in online and offline segments.
By type, the industry is classified into powders, softgels, pills, and liquid. In terms of ingredients type, the market is categorized as amino acids, vitamins & minerals, and natural extracts.
From a regional frame of the reference, global weight loss supplements market is divided into North America, Latin America, Asia Pacific, Europe, and the rest of the world. Among these, North America is likely to capture majority of the market share by 2027, primarily driven by increasing number of diabetes and obesity cases coupled with plus growing health and fitness awareness.
Meanwhile, the Asia-Pacific market is also expected to develop rapidly between 2021 and 2027. Factors such as rising disposable income, increasing health issues caused by obesity, and growing population are fueling weight loss supplements market size in Asia-Pacific.
Key players analyzed in global weight loss supplement industry are Ajinomoto Co. Inc., PepsiCo Inc., Amway, Kraft Heinz Company, Nestlé S.A., The Kellogg Company, Abbott Laboratories, Herbalife Nutrition Ltd., GlaxoSmithKline plc, and Glanbia plc.