The global weight loss supplement market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Weight loss supplements contain minerals, herbs, and fiber in various combinations. The rise in the cases of obesity and related health ailments such as CVD, diabetes, and hypertension are some factors that are driving the growth of the market. Also, rising demand for non-alcoholic drinks, including fruit juices and energy are some other factors that are expected to boost the growth of the market. Obesity impacts the health of an individual in several ways such as it may increase the risks of chronic diseases which declines the life expectancy of individuals.
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Various supplements, devices, and drugs are utilized to control or reduce weight in obese individuals. Additionally, an increase in preference for junk food, physical inactivity, hectic routine, and growing stress are causing people to consume fast food, which further influences the demand for weight loss supplement market. In July 2021, Body Complete Rx (BCRX) launched their TRIM line, its exclusive plant-based, vegan weight management supplements at The Vitamin Shoppe. The supplement offers benefits such as improving energy, nutrition and supports in weight management.
Scope of the Weight Loss Supplement Report
The research study analyzes the Weight Loss Supplement industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Weight Loss Supplement Market Segmentation:
By Ingredients
- Natural Extract/Botanicals
- Amino Acids
- Vitamins and Minerals
By End-User
- 18-40 Years
- Under 18 Years
By Distribution Channel
- Online
- Offline
By Type
- Powder
- Pills
Some major players in the market include Glanbia plc, Amway Corp., and GlaxoSmithKline PLC, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2020, Meticore launched a new weight loss supplement for men and women. The supplement supports in boosting the metabolism as it increasing the temperature of internal cells, which results in metabolism regeneration. The formula is made with the support of six superior quality plant-based nutrients and herbal extracts coupled with Meticore pills.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Weight Loss Supplement Market Report
- What was the Weight Loss Supplement Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Weight Loss Supplement Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Weight Loss Supplement Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Weight Loss Supplement market.
- The market share of the Weight Loss Supplement market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Weight Loss Supplement market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Weight Loss Supplement market.
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