Global Weight Loss Supplements Market

Weight Loss Supplements Market Forecast 2023-2027 By The Business Research Company

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s weight loss supplements market report forecasts the weight loss supplements market size to grow to $65.16 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

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Weight Loss Supplements Market Size Forecast
The global weight loss supplements market is expected to 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 weight loss supplements market size is expected to grow to $65.16 billion in 2027 at a CAGR of 13.6%.

Asia-Pacific held the largest weight loss supplements market share and was the fastest-growing region in 2022.

Key Weight Loss Supplements Market Driver ­– Growth In Obese Population
According to the World Health Organization (WHO), there will be over 1 billion obese people worldwide by 2022, with 650 million adults, 340 million adolescents, and 39 million children. Around 167 million people, both adults and children, will be overweight or obese by 2025, putting their health at risk. As a result of the rising obesity rate, demand for weight loss supplements is expected to increase during the forecast period.

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Key Weight Loss Supplements Market Trend – Developing New Production Technologies And Innovative Products
Major weight loss supplement companies are focusing on developing innovative weight loss supplements in order to meet rapidly increasing end-customer demands and strengthen their market position. BioFit is an innovative, industry-leading probiotic weight loss supplement made from natural ingredients developed by Nature’s Formulas, a supplement company based in the United States. This product contains natural ingredients as well as 800 milligrammes of microbes that can withstand harsh stomach acids to improve digestion, increase energy, and accelerate fat loss without causing any side effects. The company developed this product to target and assist customers in losing body weight without the use of restrictive diet plans, exercise, or weight-loss surgeries.

Weight Loss Supplements Market Segment
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

Weight Loss Supplements Market Major Players and Strategies
Major players in the weight loss supplements market are Glanbia PLC, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Abbott, Kellogg Company, Nestle, Kraft Heinz Company, Amway Corp, Ajinomoto Co Inc., Nutratech Ltd., Shaklee Corporation, Transparent Labs, Ultimate Life Ltd., and Vitaco.

Solace Nutrition, a US-based medical nutrition company, acquired R-Kane Nutritionals’ assets in January 2022 for an undisclosed sum. This asset acquisition enables Solace Nutrition to create synergy between both brands, accelerate growth, and establish a presence in an adjacent nutrition market. R-Kane Nutritionals is a company based in the United States that specialises in high protein meal replacement products for weight loss.

The Weight Loss Supplements Global Market Report 2023 covers regional data on weight loss supplements market size, weight loss supplements market trends and drivers, opportunities, strategies, and weight loss supplements market competitor analysis. The countries covered in the weight loss supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Weight loss supplements are dietary supplements that aid in weight loss by reducing hunger, preventing fat or carb absorption, or accelerating metabolism. There is, however, scant scientific evidence that diet pills work. These supplements increase thermogenesis and metabolism while lowering macronutrient absorption, hunger, body fat, and weight.

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