PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1126352
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1126352
According to SPER Market Research, the Global Weight Loss Supplements Market estimated to reach USD 110.18 billion by 2030 with a CAGR of 15.5%.
The market for weight loss supplements consists of sales of these products by organisations, sole proprietors, and partnerships. These products include pills, capsules, powders, drinks, energy bars, and energy drinks that contain vitamins, minerals, herbs, and a variety of other ingredients designed to help people lose weight. The absorption of macronutrients, appetite, body fat, and weight are simultaneously decreased while metabolism and thermogenesis are increased by these supplements.
Liquids, powders, Softgels, Pills and Other forms are the most common supplements for weight loss. A Soft gel is a personalised capsule used to deliver medication orally. Water, an opacifier, and a plasticizer like Glycerin or sorbitol make up the soft gel shells. Vitamins and minerals, amino acids, natural extracts, and botanicals are all components of weight loss supplements. They are disseminated through offline and online channels and used by people of all ages, including those under 18, between 18 and 40, between 40 and 50, and above 50.
The market for weight loss pills is expanding as a result of the rising number of fat people. The abnormal or excessive accumulation of fat known as obesity may harm a person's health. Obesity has recently emerged as a global public health issue, significantly increasing mortality and morbidity rates. The rising number of obese people is expected to increase demand for weight loss pills because many people use them as healthy ways to lose weight.
A crucial trend gaining traction in the market for weight loss supplements is the creation of new production technologies and inventive items. To answer the rapidly expanding wants of end users and to bolster their market positions, major businesses in the weight loss supplement market are concentrating on developing cutting-edge weight loss products.
The COVID-19 epidemic caused temporary lockdowns and the closure of gyms and fitness facilities, which caused people to adopt unhealthy lifestyle modifications and significantly reduce their physical activity. Market participants saw changes in customer behaviour during the pandemic. The epidemic drastically altered how people's lives functioned in terms of the environment and society. Individuals eating and lifestyle habits underwent detrimental modifications as a result of these abrupt and noticeable shifts.
Based on the Ingredients, Global Weight Loss Supplements Market is segmented as; Amino Acids, Vitamins and Minerals, Natural Extracts/Botanicals.
Based on the Distribution, Global Weight Loss Supplements Market is segmented as; Online Channel, Offline Channel.
Based on the Type, Global Weight Loss Supplements Market is segmented as; Powder, Liquid, Pills, Softgels, Others.
Based on the End User, Global Weight Loss Supplements Market is segmented as; Under 18 years, 18 to 40 years, 40 to 50 years, Above 50 years.
The Global Weight Loss Supplements Market is majorly driven by Asia-Pacific. During the projected period, North-America is anticipated to have the quickest rate of growth in the Worldwide Global Weight Loss Supplements Market.
11.2.4. Recent developments
11.9.4. Recent developments