Business Research Company’s Weight Loss Supplements Market research report details key drivers, trends, and growth opportunities in the market.
London, August 23, 2022 /PRNewswire/ — A growing obese population is driving growth in the weight loss supplement market. Obesity refers to abnormal or excessive accumulation of fat that can compromise an individual’s health. In recent years, obesity has become a public health challenge worldwide, contributing significantly to global mortality and morbidity. The growing obese population is projected to increase demand for weight loss supplements as they are widely adopted by individuals as a healthy option to lose weight. Over 1 billion people worldwide are obese (2022). Of these, 650 million are adults, 340 million are adolescents and 39 million are children. By 2025, approximately 167 million adults and children will suffer from ill health due to overweight or obesity.
The global market share of weight loss supplements is $30.12 billion in 2021 $34.19 billion The compound annual growth rate (CAGR) in 2022 is 13.51%. The global market for weight loss supplements is $55.41 billion At a compound annual growth rate (CAGR) of 12.83% in 2026.
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Technological advances are key trends in the weight loss supplement market
New production techniques and innovative product development are key trends gaining popularity in the weight loss supplement market. We focus on developing innovative weight loss supplements to strengthen our position in the weight loss supplement market. For example, Nature’s Formulas, united states of americaThis product contains natural ingredients and 800 milligrams of microbes to withstand harsh stomach acid, quickly improve digestion, increase energy and speed up fat loss without side effects. The company developed this product to help its customers lose weight with the goal of not following a strict diet plan, exercise, or weight loss surgery.
Weight Loss Supplements Market Segmentation
The Global Weight Loss Supplements Market Analysis is Segmented into-
- By Type: Liquids, Powders, Softgels, Pills, Others
- By Ingredients: Vitamins & Minerals, Amino Acids, Natural Extracts/Plants
- By Distribution: Offline Channels, Online Channels
- By End User: Under 18, 18-40, 40-50, 50+
Major Players and Their Strategies in the Weight Loss Supplements Market
Major Players in 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.
of January 2022Solace Nutrition, united states of americaA medical nutrition company based in R-Kane has acquired the assets of R-Kane Nutritionals for an undisclosed amount. The acquisition of this asset will enable Solace Nutrition to create synergies between both brands and enhance their growth while offering a presence in adjacent nutrition markets. R-Kane Nutritionals is a US-based company that specializes in high protein meal replacement products for weight management.
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