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Weight Loss Supplements Market 2020 Demand, Size, Share, Opportunities, Revenue, Industry Growth, Top Companies, Demand & Forecast to 2028
Accordingto a new market report published by Industry Probe titled ‘WeightLoss Supplements Market (Form: Powder, Capsules,Soft Gels, Tablets/Pills, Liquid, and Others (Drops, Caplets, etc.); Type:Appetite Suppressants, Carb/Fat Blockers, Fat Burners, and Others (Diuretics,Thermogenesis, etc.); End User: Men and Women; and Distribution Channel: Online[Company Website and e-Commerce Portals] and Offline [Hypermarkets/Submarkets,Specialty Stores, Brand Stores, and Drugstores]) – Global Industry Dynamics,Trends, and Forecast, 2020–2027,’ the global weightloss supplements market is expected to reach US$ 12 Bn by 2027 and expand at aCAGR of 5.5% from 2019 to 2027.
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Obesity is considered a critical threat to peopleacross the world. The advancements in weight loss supplements have helped toraise confidence in the obese population. As the obesity rate is increasing,the weight loss supplements market is increasing with it. The anxieties ofmodern living, working frenetic lifestyles, and pressures of balancing ademanding work, family, and social life are inevitable. Customers want toconsume healthily and get loads of exercise but are limited by their hecticlifestyles. Hence, they eat unhealthy food, due to a lack of time to preparenutritious food. These factors are anticipated to drive the weight losssupplements market. Other factorsdriving an uplift in this market include increasing consumer spendingcapacities, rising disposable incomes, increasing knowledge about healthbenefits, and slim body trends. Market players are focusing on the adoption oforganic and natural ingredients in the product development and expanding thedistribution channel which is expected to increase the demand across the globe.
The global weight loss supplements market has beensegmented based on form, category, type, end-user, distribution channel, andregion. Rising awareness about health and active lifestyle is leading to anincrease in participation in diet and other fitness activities which is one ofthe major reasons for the increase in demand for weight loss supplements in theglobal market. Further, the global weight loss supplements market has beendivided into organic/natural, and synthetic types of products. In terms of thedistribution channel, the global weight loss supplements market has beenbifurcated into online and offline. The online segment has been sub-dividedinto the company website and e-Commerce website. The offline segment has beensub-divided into hypermarkets/submarkets, brand stores, and multi-brand stores.Moreover, in terms of type, the appetite suppressants division dominates theglobal weight loss supplements market. Weight loss supplement types such asappetite suppressants and fat burners are favored as these product helps tocontrol appetite and reduce weight. Obesity has become the worst nutritionalthreat to the mass across the globe.
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The report covers incremental opportunity analysis andidentifies and compares segments’ attractiveness based on CAGR and market shareindex across North America, Europe, Asia Pacific, Middle East & Africa, andSouth America. According to the study, the North America region accounts for amajor share of the global weight loss supplements market, followed by Europe,and the Asia Pacific. Consumers in North America are increasingly taking partin several dietary plans that are driving the sales in this region. Moreover,the Asia Pacific region is expected to witness meaningful growth in the comingyears due to a rise in disposable income, improvement of living standards andeconomic growth, demand for weight loss supplement is increasing in the AsiaPacific region.
The report includes the below mentioned pointers ofmajor players operating in the Weight Loss Supplements Market:
· CompetitionMatrix
· CompanyOverview
· MarketShare Analysis (2018)
· ProductInnovation
· BusinessStrategies / Recent Developments
· Technologicaladvancements
· Keymergers and acquisitions
· Expansionstrategies
· CompanyFinancials
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The weight loss supplements market is fragmenteddue to the presence of several players. Competition is expected to intensify inthe near future with the entry of several local players. Key companies profiledin the research report include Abbott Laboratories, Amway Corp., AtkinsNutritional, Evlution Nutrition, Glanbia Plc, Herbalife International, Inc.,Natrol, LLC, Natural Alternatives International, Inc., Rapid Nutrition Plc, andReliv International, Inc.
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