Press release
Weight Loss Supplements Market 2023 - Global Driving Factors, Top Manufacturers, Growth Opportunities And Forecast To 2032
Weight Loss Supplements Market
The Business Research Company's Weight Loss Supplements Global Market Report 2023 identifies growing obese population as the major driver for the Weight Loss Supplements market's growth in the forecast period. 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 global weight loss supplements 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%.
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Major competitors in the Weight Loss Supplements market are Glanbia PLC, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Abbott, Kellogg Company, Nestle, Kraft Heinz Company.
A key trend in the Weight Loss Supplements market includes development of new production technologies and innovative products. 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 supplements 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.
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The Weight Loss Supplements market is segmented -
• By Type: Liquid, Powder, Softgels, Pills, Other Types
• By Ingredents: Vitamins & Minerals, Amino Acids, Natural Extracts/Botanicals
• By Distribution: Offline Channel, Online Channel
• By End User: Under 18 years, 18 to 40 years, 40 to 50 years, Above 50 years
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Weight Loss Supplements market.
The Business Research Company's "Global Weight Loss Supplements Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Weight Loss Supplements Market Include:
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. Weight Loss Supplements Market Size And Growth
……………………………………………
26. Africa Weight Loss Supplements Market
27. Weight Loss Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Weight Loss Supplements Market
29. Weight Loss Supplements Market Future Outlook and Potential Analysis
30. Appendix
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