Market Overview
Dietary supplements, in the form of tablets, capsules, softgels, powder, and liquid, that aid in reducing body weight, are referred to as weight loss products or supplements. The global weight loss supplements market is expected to garner a revenue of USD 40 Billion by 2027 and register a CAGR of 5.5% during the forecast period of 2021 to 2027.
The market is expected to become lucrative over the years to come owing to the increasing trend of fitness among the population, especially those of the age group of 25 and above, as a part of overall personality development. Rising focus of a section of the youth on their body weight is expected to render profitable opportunities to the market players during the forecast period.
Additionally, increasing research and development investments, by the manufacturers of weight loss & diet management products, to cater to the changing consumer needs are helping the growth of the global weight loss supplements market.
The global weight loss supplements market has been segmented on the basis of form and distribution channel.
Competitive Landscape
Ultimate Life Ltd. (UK)
Wolfson Berg Limited (Cyprus)
Amway (US)
GlaxoSmithKline plc (UK)
Herbalife International of America, Inc. (US)
Iovate Health Sciences International Inc. (Canada)
Glanbia plc (Ireland)
Abbott (US)
General Nutrition Centers, Inc. (US)
Vitaco (New Zealand)
ABH Pharma Inc. (US)
Shaklee Corporation (US)
Transparent Labs (US)
EuroPharma USA (US)
Nutratech Ltd (New Zealand)
Dub Nutrition (US)
Market Segmentation
The global weight loss supplements market has been segmented based on form, distribution channel, and region.
By form, the global market has been classified as tablets, capsules, & softgels, powder, and liquid. The tablets, capsules, & softgels segment is expected to garner the largest market share and register the highest CAGR during the forecast period.
Based on distribution channel, the global market has been categorized as store-based and non-store-based. The store-based segment has further been segregated into hypermarkets and supermarkets, drug stores, and others. The store-based segment is expected to account for the larger revenue share of the market in 2021. However, the non-store-based segment is projected to register the higher growth rate from 2021 to 2027.
The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
The North American weight loss supplements industry has further been segmented into the US, Canada, and Mexico.
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Regional Analysis
The global weight loss supplements market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The market in North America is projected to dominate the global weight loss supplements market owing to the growing health concerns among consumers. In addition, the presence of several prominent market players in the region is driving the growth of the North American weight loss supplements market.
However, the market in Asia-Pacific is expected to register the highest growth rate during the forecast period owing to the rise in population, suffering from obesity, and rising per capita disposable incomes of the people in the region.
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