Global Weight Loss Supplements Market Overview
According to SPER Market Research, the Global Weight Loss Supplements Market is estimated to reach USD 215.97 billion by 2032 with a CAGR of 16.83%.
The market for goods created to assist people in losing weight is referred to as the worldwide weight loss supplements market. These supplements are primarily composed of synthetic or natural chemicals that are thought to aid in weight loss by decreasing appetite, boosting metabolism, or preventing the absorption of fat. A wide variety of goods, including tablets, powders, drinks, and meal replacement bars, are available on the market and can be purchased without a prescription or over-the-counter (OTC). As the prevalence of obesity and its associated health issues, such as heart disease, diabetes, and high blood pressure, rises, there is an increasing demand for simple and quick weight loss alternatives. The market is fiercely competitive, with numerous well-established and up-and-coming players vying for a piece of the action. Herbalife, Amway, Abbott Laboratories, Glanbia, and Nestle are a few of the industry leaders. The market is also characterised by regular product introductions, advertising efforts, and collaborations to advertise weight loss pills to customers. The market is anticipated to expand over the upcoming years as a result of rising consumer awareness of the health risks associated with obesity and the trend towards healthier lifestyles. Regulatory restrictions, questions about the efficacy and safety of some products, and the emergence of alternative weight-loss strategies like diet and exercise plans are some of the challenges the market is currently facing.
-010415320032023.jpg)
Impact of COVID-19 on the Global Weight Loss Supplements Market
The market for weight reduction supplements around the world has been significantly impacted by the COVID-19 epidemic. A shift in consumer behaviour towards more health-conscious options has occurred as a result of changes in food and lifestyle habits brought on by the pandemic epidemic. However, the pandemic has also hampered the supply chain and routes of distribution, which has slowed the market's expansion. Gyms, fitness centres, and other health-related establishments have been forced to close as a result of the lockdown measures and social segregation rules put in place to stop the virus's spread, which has decreased demand for weight reduction products. In addition, the pandemic's economic effects have decreased consumer spending, which has decreased sales. As a result of consumers avoiding physical stores out of fear of getting the virus, the pandemic has also increased demand for online sales of weight reduction pills. Due to customers' increased comfort with internet shopping, this tendency is expected to remain during the post-pandemic period. Global sales of weight reduction pills have been affected by the COVID-19 epidemic in a variety of ways, both good and bad. Although there has been a short-term detrimental effect, a long-term good effect is anticipated as a result of the pandemic's increased awareness of the value of leading a healthy lifestyle.
-010415920032023.jpg)
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Ingredients, By Distribution, By Type, By End User.
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Abbott, Amway Corp, Ajinomoto Co Inc., Glanbia PLC, GlaxoSmithKline PLC., Herbalife Nutrition Ltd., Heinz Company, Kellogg Company, Kraft Heinz Company, Nestle, Nutratech Ltd., Shaklee Corporation, Transparent Labs, Ultimate Life Ltd., Vitaco.
|
Target Audience:
- Health-Conscious Individual
- Fitness Enthusiasts
- Athletes and bodybuilders
- Health and wellness Industry
- Weight Loss Clinics
- Online and Retail Store
Global Weight Loss Supplements Market Segmentation:
1. By Ingredients:
- Amino Acids
- Natural Extracts/Botanicals
- Vitamins and Minerals
2. By Distribution:
- Online Channel
- Offline Channel
3. By Type:
- Liquid
- Pills
- Powder
- Softgels
- Others
4. By End User:
- Under 18 years
- 18 to 40 years
- 40 to 50 years
- Above 50 years
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Weight Loss Supplements Market (FY’2019-FY’2032)
- Overview of Global Weight Loss Supplements Market
- Segmentation of Global Weight Loss Supplements Market By Ingredients (Amino Acids, Natural Extracts/Botanicals, Vitamins and Minerals)
- Segmentation of Global Weight Loss Supplements Market By Distribution (Online Channel, Offline Channel)
- Segmentation of Global Weight Loss Supplements Market By Type (Liquid, Pills, Powder, Softgels, Others)
- Segmentation of Global Weight Loss Supplements Market By End User (Under 18 years, 18 to 40 years, 40 to 50 years, Above 50 years)
- Statistical Snap of Global Weight Loss Supplements Market
- Growth Analysis of Global Weight Loss Supplements Market
- Problems and Challenges in Global Weight Loss Supplements Market
- Competitive Landscape in the Global Weight Loss Supplements Market
- Impact of COVID-19 and Demonetization on Global Weight Loss Supplements Market
- Details on Recent Investment in Global Weight Loss Supplements Market
- Competitive Analysis of Global Weight Loss Supplements Market
- Major Players in the Global Weight Loss Supplements Market
- SWOT Analysis of Global Weight Loss Supplements Market
- Global Weight Loss Supplements Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Weight Loss Supplements Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Weight Loss Supplements Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Weight Loss Supplements Market
7. Global Weight Loss Supplements Market, By Ingredients, 2019-2032 (USD Million)
7.1 Amino Acids
7.2 Natural Extracts/Botanicals
7.3 Vitamins and Minerals
8. Global Weight Loss Supplements Market, By Distribution, 2019-2032 (USD Million)
8.1 Online Channel
8.2 Offline Channel
9. Global Weight Loss Supplements Market, By Type, 2019-2032 (USD Million)
9.1 Liquid
9.2 Pills
9.3 Powder
9.4 Softgels
9.5 Others
10. Global Weight Loss Supplements Market, By End User, 2019-2032 (USD Million)
10.1 Under 18 years
10.2 18 to 40 years
10.3 40 to 50 years
10.4 Above 50 years
11. Global Weight Loss Supplements Market, By Region, 2019-2032 (USD Million)
11.1 Global Weight Loss Supplements Market Size and Market Share by Region (2019-2025)
11.2 Global Weight Loss Supplements Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
11.3.1 Australia
11.3.2 China
11.3.3 India
11.3.4 Japan
11.3.5 South Korea
11.3.6 Rest of Asia-Pacific
11.4 Europe
11.4.1 France
11.4.2 Germany
11.4.3 Italy
11.4.4 Spain
11.4.5 United Kingdom
11.4.6 Rest of Europe
11.5 Middle East and Africa
11.5.1 Kingdom of Saudi Arabia
11.5.2 United Arab Emirates
11.5.3 Rest of Middle East & Africa
11.6 North America
11.6.1 Canada
11.6.2 Mexico
11.6.3 United States
11.7 Latin America
11.7.1 Argentina
11.7.2 Brazil
11.7.3 Rest of Latin America
12. Company Profiles
12.1 Abbott
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Amway Corp
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Ajinomoto Co Inc.
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 Glanbia PLC
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 GlaxoSmithKline PLC.
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Herbalife Nutrition Ltd.
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Heinz Company
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Kellogg Company
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Kraft Heinz Company
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Nestle
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
12.11 Nutratech Ltd.
12.11.1 Company details
12.11.2 Financial outlook
12.11.3 Product summary
12.11.4 Recent developments
12.12 Shaklee Corporation
12.12.1 Company details
12.12.2 Financial outlook
12.12.3 Product summary
12.12.4 Recent developments
12.13 Transparent Labs
12.13.1 Company details
12.13.2 Financial outlook
12.13.3 Product summary
12.13.4 Recent developments
12.14 Ultimate Life Ltd.
12.14.1 Company details
12.14.2 Financial outlook
12.14.3 Product summary
12.14.4 Recent developments
12.15 Vitaco
12.15.1 Company details
12.15.2 Financial outlook
12.15.3 Product summary
12.15.4 Recent developments
13.List of Abbreviations
14.Reference Links
15.Conclusion
16.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
