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The Rise In Obesity Rates Is Expected To Drive The Weight Loss Supplement Market To $55 Billion By 2026

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The Business Research Company

23 Aug, 2022, 15:40 GMT

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The Business Research Company's weight loss supplements market research report expands on key drivers, trends, and growth opportunities in the market.

LONDON, Aug. 23, 2022 /PRNewswire/ -- The growing obese population is driving the growth of the weight loss supplements 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 supplements 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 adults and children will become less healthy as they are overweight or obese.

The global weight loss supplements market share is expected to grow from $30.12 billion in 2021 to $34.19 billion in 2022 at a compound annual growth rate (CAGR) of 13.51%. The global weight loss supplements market size is expected to grow to $55.41 billion in 2026 at a compound annual growth rate (CAGR) of 12.83%.

Request A Free Sample Of The Weight Loss Supplements Market Report

Technological Advancement Is A Key Trend In The Weight Loss Supplements Market

The development of new production technologies and innovative products is a key trend gaining popularity in the weight loss supplements market. 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 weight loss supplements market. For instance, Nature's Formulas, a USA-based supplement company, has developed BioFit, an innovative, industry-leading probiotic weight loss supplement 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.

Weight Loss Supplements Market Segmentation

The global weight loss supplements market analysis is segmented -

  1. By Type: Liquid, Powder, Softgels, Pills, Others
  2. By Ingredients: Vitamins and 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

Key Players And Their Strategies In The Weight Loss Supplements Market

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.

In January 2022, Solace Nutrition, a USA-based medical nutrition company, acquired the assets of R-Kane Nutritionals for an undisclosed amount. This acquisition of assets helps Solace Nutrition to create synergy between both brands and enhance its growth while providing a presence in an adjacent nutrition market. R-Kane Nutritionals is a US-based company that specializes in high-protein meal replacement products for weight management.

See More On The Weight Loss Supplements Market Report

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Probiotics Dietary Supplements Global Market Report 2022 – By Source (Yeast, Bacteria), By Form (Capsules, Chewables And Gummies, Powders, Tablets And Softgels, Other Forms), By Distribution Channel (Business To Business, Business To Consumer), By Application (Infant Formula, Food Supplement, Specialty Nutrients, Nutritional Supplements), By End Use (Human Probiotics, Animal Probiotics) – Market Size, Trends, And Global Forecast 2022-2026

Fitness App Global Market Report 2022 – By Type (Workout And Exercise Apps, Disease Management, Lifestyle Management, Nutrition And Diet, Medication Adherence), By Platform (Android, IOS, Other Platforms), By Device (Smartphones, Tablets, Wearable Devices), By Application (Tracking, Training, Fitness Games, Other Applications) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally, it has strategy enablement specialists in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

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