According to a research report published by Spherical Insights & Consulting, the Global Weight Loss Supplement Market Size Expected to Grow from USD  28.65 Billion in 2023 to USD 101.83 Billion by 2033, at a CAGR of 13.52% during the forecast period 2023-2033.

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Various components varied in quantity and diversity, are found in weight-loss supplements, including minerals, fiber, and herbs. Some products contain hundreds of ingredients and are available in liquid, powder, tablet, and capsule form. Supplements that increase metabolism, reduce appetite or prevent the absorption of fat or carbs are examples of dietary supplements that aid in weight loss. The effectiveness of diet pills is not well supported by scientific evidence. These supplements increase metabolism and thermogenesis while decreasing hunger, weight, body fat, and macronutrient absorption. As lives improve and dietary habits change, companies in the global weight loss management diet market are anticipated to see appealing economic opportunities. Due to the abnormal accumulation and storage of body fat, obesity is categorized as a chronic medical condition. Obesity is caused by abnormal fat deposition and accumulation. The growing number of obese persons is a major factor propelling market progress. The number of obese people worldwide is increasing, more people are undergoing obesity surgery, and emerging countries have more money to spend. The market for diets that help people lose weight is being driven by all of these causes. However, as a result of people’s pervasive misunderstandings about weight loss and their desire for quick and simple methods to lose excess fat, the market is anticipated to have significant limitations.

Browse key industry insights spread across 191 pages with 120 Market data tables and figures & charts from the report on the Global Weight Loss Supplement Market Size, Share, and COVID-19 Impact Analysis, By Type (Liquid, Powder, Soft Gels, Pills, and Others), By Ingredients (Vitamins & Minerals, Amino Acids, Natural Extracts/ Botanicals), By Distribution Channel (Offline Channel, Online Channel), By End User (Under 18 years, 18 to 40 years, 40 to 50 years, and Above 50 years, and Others) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The powder segment controls the market with the leading market share through the forecast period.

Based on the type, the weight loss supplement market is characterized as liquid, powder, soft gels, pills, and others. Among these, the powder segment controls the market with the leading market share through the forecast period. The powdered formulation offers longer shelf life and larger supplement quantities, making it simple to adjust dosages to suit specific requirements. Its simple dosage and administration enable rapid and efficient nutrient absorption, which enhances bioavailability as compared to other formulations.

The vitamins and minerals segment is expected to hold the leading revenue share through the forecast period.

Based on the ingredients, the market for weight reduction supplements is divided into categories such as natural extracts or botanicals, vitamins and minerals, and amino acids. Among these, the vitamins and minerals segment accounted for the leading revenue share through the forecast period. These nutrient-dense, vitamin-and mineral-rich supplements promote healthy bodily function and metabolism. Antioxidants, which are found in these products, protect cells against structural changes and enhance general health and function.

The offline channel is estimated to grow at the fastest CAGR through the forecast period.

Based on the distribution channel, the weight loss supplement market is classified into offline channels and online channels. Among these, the offline channel is anticipated to grow at the fastest CAGR through the forecast period. The growing availability of weight loss products in department stores, pharmacies, medicine stores, and health and beauty shops is fueling this market’s growth.

The 18 to 40 years segment is accounted for the leading revenue share through the forecast period.

Based on the end user, the weight loss supplement market is classified into under 18 years, 18 to 40 years, 40 to 50 years, and above 50 years. Among these, the 18 to 40 years segment is accounted for the leading revenue share through the forecast period. The increased desire to maintain a healthy weight and to have the ideal body would drive the growth of this industry. The sector would expand as more people learn about the advantages and mechanisms of weight reduction pills.

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North America is projected to hold the leading share of the weight loss supplement market over the expected timeframe.

North America is estimated to hold the leading share of the weight loss supplement market over the expected timeframe. Rising levels of sedentary behavior, rising disposable incomes, and growing health consciousness are some of the reasons contributing to this growth. Customer involvement has also been reinforced by advancements in advertising strategies and product designs, and accessibility has grown due to the ease of use of online channels.

Asia Pacific is anticipated to grow at the fastest CAGR of the weight loss supplement market during the forecast period. This trend is primarily driven by rising obesity rates, greater health consciousness, and a growing desire for natural and herbal products. As people adopt an active approach to weight control and grow more health conscious, the market for effective weight loss solutions has grown. This market is expanding for a number of reasons.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the weight loss supplement market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global weight loss supplement market are Abbott, Covidien Plc., Pepsico, Inc., Nestle, Amway Corp., GSK (GlaxoSmithKline), Herbalife International Inc., Wolfson Berg Limited, EuroPharma, Glanbia, Creative Bioscience, Nutratech Ltd, ABH Pharma Inc., Transparent Labs, Shaklee Corporation, and others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Key Market Development

• In February 2024,Herbalife’s latest innovation, the Herbalife GLP-1 Nutrition Companion, was introduced together with a new range of food and supplement product pairings.
• In January 2024,The American company Abbott’s newest product is under the PROTALITY name. A high-protein nutrition shake is part of this new product line, which was created to satisfy the demands of the increasing number of people who wish to manage their weight loss while preserving their muscle mass and obtaining the greatest nutrition possible.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global weight loss supplement market based on the below-mentioned segments:

Global Weight Loss Supplement Market, By Type

• Liquid
• Powder
• Soft Gels
• Pills
• Others

Global Weight Loss Supplement Market, By Ingredients

• Vitamins & Minerals
• Amino Acids
• Natural Extracts/ Botanicals

Global Weight Loss Supplement Market, By Distribution Channel

• Offline Channel
• Online Channel

Global Weight Loss Supplement Market, By End User

• Under 18 years
• 18 to 40 years
• 40 to 50 years
• Above 50 years

Global Weight Loss Supplement Market, By Regional Analysis

• North America

• • US
  • Canada
  • Mexico

• Europe

• • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

• Asia Pacific

• • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

• South America

• • Brazil
  • Argentina
  • Rest of South America

• Middle East & Africa

• • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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