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Weight Loss S*upplements Global Market Report 2024 - By Size, Share, Growth And Industry Report, Outlook By 2033
Weight Loss S*upplements Market
As per the report, the weight loss s*upplements market size has grown rapidly in recent years. It will grow from $38.38 billion in 2023 to $43.14 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The weight loss s*upplements market size is expected to see rapid growth in the next few years. It will grow to $67.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.
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Weight Loss S*upplement Market On The Rise
The growing obese population is driving the growth of the weight loss s*upplements 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 s*upplements as these are widely adopted by individuals as healthy options to reduce weight. For instance, according to the World Health Organization (WHO), over 1 billion people globally are obese currently (2022), of that, 650 million are adults, 340 million are adolescents and 39 million are children. By 2025, around 167 million people; adults and children will become less healthy as they are overweight or obese. Thus, the growing obese population is expected to boost demand for weight loss s*upplements during the forecast period.
Strengthening Market Position Through Product Development
The development of new production technologies and innovative products is a key trend gaining popularity in the weight loss s*upplements market. Major companies operating in the weight loss s*upplements market are focused on developing innovative weight loss s*upplements 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 s*upplement 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 s*upplements market covered in this report is segmented -
1) By Type: Liquid, Powder, Softgels, Pills, Other Types
2) By Ingredients: 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
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Major companies operating in the weight loss s*upplements market report are Nestle SA, Abbott Laboratories, GlaxoSmithKline plc, Kraft Heinz Company, Kellogg Company, Ajinomoto Co Inc., Amway Corp, Glanbia plc, Herbalife Nutrition Ltd., GNC Holdings Inc., Isagenix International LLC, Shaklee Corporation, Nature's Sunshine Products Inc., Clif Bar & Company, BPI Sports LLC, BioTech USA Kft., General Nutrition Centers Inc., Iovate Health Sciences International Inc., Grenade (UK) Ltd., Vitaco Health Ltd., MusclePharm Corporation, MuscleTech Health Sciences Inc., CytoSport Inc., Ultimate Life Ltd., Atkins Nutritionals Inc., Hi-Tech Pharmaceuticals Inc., Cellucor Nutrition, Transparent Labs LLC, Nutratech Ltd., Bio-Synergy Ltd., Creative Bioscience LLC, Nature's Bounty Co, NutraBio Labs Inc., Nutrex Research Inc., Optimum Nutrition Inc., ProSupps USA LLC, Quest Nutrition LLC, Scitec Nutrition Limited
Contents of the report:
1. Executive Summary
2. Weight Loss S*upplements Market Report Structure
3. Weight Loss S*upplements Market Trends And Strategies
4. Weight Loss S*upplements Market - Macro Economic Scenario
5. Weight Loss S*upplements Market Size And Growth
…..
27. Weight Loss S*upplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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