Weight Loss Supplement Market Top Leading Players with Strategies and Forecast 2027

The global weight loss supplement market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor that is expected to boost the market growth includes the rising cases of obesity and related health ailments, such as CVD, diabetes, and hypertension. As per the World Health Organization estimates in June 2021, approximately 2.8 million individuals die every year due to overweight or obesity. In addition, as of 2021, the WHO estimates approximately 115 million individuals are suffering from obesity-related ailments in developing countries.

Therefore, the growing dependency on weight loss supplements to maintain normal body weight is expected to propel the growth of the market. In addition, an increasing disposable income and growing awareness regarding maintaining a healthy lifestyle are expected to drive the growth of the global weight loss supplement market. Moreover, an increase in the working class is anticipated to fuel the market growth during the forecast period. Health clubs recommends weight loss supplements to members, which in turn, is accelerating the market growth.

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Furthermore, the rising millennial population coupled with the growing trend of gaining the perfect body physique, especially in the millenials, also propels the growth of the market. Moreover, a rise in preference for weight loss supplements in pills formulation owing to the easy availability of the same in chewable tablets sustained-release pills, and sublingual pills is contributing to the growth of the market during the forecast period. In addition, factors, such as pills being comparatively cost-effective than other formulations, and their higher shelf life, and wide acceptance among patients of all age groups, are driving the demand for pill type formulation. Online retailers offer lucrative discounts on product prices, which, in turn, drives sales of the weight loss supplement through online channels. Furthermore, online platforms are devising and implementing numerous strategies to compete with their offline counterparts, which in turn is expected to boost the growth of the global weight loss supplement market.

Market Coverage

• The market number available for - 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

Segment Covered-

· By Ingredients

· By End-User

· By Distribution Channel

· By Type

Regions covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape: Glanbia plc, Amway Corp., and GlaxoSmithKline PLC, among others.

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Global Weight Loss Supplement Market Report by Segment

By Ingredients

· Natural Extract/Botanicals

· Amino Acids

· Vitamins and Minerals

By End-User

· 18-40 Years

· Under 18 Years

By Distribution Channel

· Online

· Offline

By Type

· Powder

· Pills

Global Weight Loss Supplement Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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