Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 25.64 Billion | USD 81.17 Billion | 13.66% | 2023 |
According to the report published by Zion Market Research, the global Weight Management Supplement Market size was valued at USD 25.64 Billion in 2023 and is predicted to reach USD 81.17 Billion by the end of 2032. The market is expected to grow with a CAGR of 13.66% during the forecast period. The report analyzes the global Weight Management Supplement Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Weight Management Supplement industry.
Weight management supplements contain fiber, herbs, and minerals in different combinations to help people to manage their weights. These supplements range from medical aids to food products. They help people to manage their weight issues, obesity problems, high blood pressure, cardiovascular diseases, and many others.
The increasing prevalence of obesity all over the world is significantly driving the growth of the global weight management supplement market. The growing obesity incidences have induced several health-related issues like high blood pressure and diabetes in the people. People of all age groups are experiencing weight management problems and thus manufacturers have come up with several weight management supplements to help people relieve their problem. Such products mainly contain guar gum, caffeine, chromium, calcium, and bheem pod. The weight-management products are available in the market in different forms like capsules, powder, and tablets.
Moreover, the increasing innovations and developments in weight management supplements have started the trend of customized formulation of weight management supplements to boost the demand in the market. However, people are suffering from several medical conditions all across the globe. Hence, they prefer to adopt customized formulations for their weight management which, in turn, will significantly propel the growth of the global weight management supplement market during the forecast period. The constantly transforming lifestyle due to the growing consciousness of people regarding their health is likely to positively shape the trajectory of the global market during the forecast period. The growing disposable income of the people further contributes vigorously toward the growth of the market globally. A significant hype in bariatric surgeries further bolstered the demand for weight management supplements in the market globally.
The global weight management supplement market can be segmented into ingredients, end-users, distribution channels, product, form, and region.
By ingredients, the market can be segmented into botanical supplements, amino acids, vitamins & minerals, and others.
By end-users, the market can be segmented into senior citizens, men, and women.
By distribution channels, the market can be segmented into online sales, supermarkets, health & beauty stores, drug stores, and other sales channels. The online sales segment accounts for the largest share in the global weight management supplement market due to the convenience offered to the consumers. Further, the growing advertising and branding activities to expand the online sales channel have contributed vigorously toward the growth of the segment.
By product, the market can be segmented into weight loss and weight gain supplements. The weight loss supplements segment holds hegemony over others owing to the increasing prevalence of obesity all across the globe. The weight gain supplements segment is also anticipated to witness huge growth due to the surging demand for protein supplements because of the growing awareness of people for exercise programs and healthy lifestyles.
By form, the market can be segmented into liquid, powder, tablet, soft gel, and others. The powder segment dominates the global market due to the convenience in consuming powdered form supplements.
Report Attributes | Report Details |
---|---|
Report Name | Weight Management Supplement Market |
Market Size in 2023 | USD 25.64 Billion |
Market Forecast in 2032 | USD 81.17 Billion |
Growth Rate | CAGR of 13.66% |
Number of Pages | 195 |
Key Companies Covered | White Heron Pharmaceutical, Amway, Bioalpha Holdings Berhad, Nutrisystem, Nestle SA, Atkins Nutritional, Oriflame, Lovato Health Sciences, Herbalife, Glanbia Nutritionals PLC, and Abbott Nutrition |
Segments Covered | By ingredients, By end-users, By distribution channels, By product, By form and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global weight management supplement market owing to the increasing popularity of organic and natural ingredients for effective weight management. Moreover, the presence of prominent market players in the region also propels the growth of the regional market.
Asia Pacific is anticipated to witness huge growth during the forecast period due to the rising incidences of obesity and diabetes in the region. Moreover, the increasing disposable income along with the growing consciousness of people regarding their health is further bolstering the growth of the regional market.
Some of the significant players in the global weight management supplement market are:
The Global Cellular Weight Management Supplement Market is segmented as follows:
By ingredients
By end-users
By distribution channels
By product
By form
FrequentlyAsked Questions
The increasing prevalence of obesity all over the world is significantly driving the growth of the global weight management supplement market. The growing obesity incidences have induced several health-related issues like high blood pressure and diabetes in the people. People of all age groups are experiencing weight management problems and thus manufacturers have come up with several weight management supplements to help people relieve their problem.
Some of the significant players in the global weight management supplement market are White Heron Pharmaceutical, Amway, Bioalpha Holdings Berhad, Nutrisystem, Nestle SA, Atkins Nutritional, Oriflame, Lovato Health Sciences, Herbalife, Glanbia Nutritionals PLC, and Abbott Nutrition
North America accounts for the largest share in the global weight management supplement market owing to the increasing popularity of organic and natural ingredients for effective weight management. Moreover, the presence of prominent market players in the region also propels the growth of the regional market.
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