According to a new market report published by Industry Probe (https://www.industryprobe.com/) titled ‘Weight Loss Supplements Market (Form: Powder, Capsules, Soft Gels, Tablets/Pills, Liquid, and Others (Drops, Caplets, etc.); Type: Appetite Suppressants, Carb/Fat Blockers, Fat Burners, and Others (Diuretics, Thermogenesis, etc.); End User: Men and Women; and Distribution Channel: Online [Company Website and e-Commerce Portals] and Offline [Hypermarkets/Submarkets, Specialty Stores, Brand Stores, and Drugstores]) – Global Industry Dynamics, Trends, and Forecast, 2020–2027,’ the global weight loss supplements market is expected to reach US$ 12 Bn by 2027 and expand at a CAGR of 5.5% from 2019 to 2027.
The global protein supplements market size was estimated at US$ 2,597.4 Mn in 2018 and is expected to expand at a CAGR of 6 % during the forecast period. One of the popular forms of appetite suppressant is a filler, which absorbs fluid from the stomach and swells to become larger, which can make a person feel full. The demand for weight loss and nutritional supplements to resist obesity has been growing due to which, various weight loss products such as appetite suppressants, carb/fat blockers, fat burners, etc. are witnessing increased demand in the global market. Moreover, An increase in health and fitness centers and consumer health consciousness is also contributing to the growth in this segment. Furthermore, a positive outlook toward body fitness nutrition on account of the increasing importance of active lifestyle along with rising awareness regarding the benefits of appetite suppressants is expected to be crucial in promoting the use of the supplements. Other major factors such as hectic lifestyle and rising health consciousness are anticipated to boost the overall market growth. A rise in eating snack-based meals and the demand for more ingredient improvement are other factors likely to augment the demand for appetite suppressants supplements shortly.
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In terms of region, the appetite suppressants supplement market analysis is initiated across North America, Europe, Asia-Pacific, and LAMEA. As there is a rise in the number of body-conscious consumers in most of the developed regions, North America accounts for a major share in the global protein supplement market. Currently, almost 20% of the American adults have fitness club membership and the numbers are expected to increase in the future due to increasing weight. There is an increase in the demand for strict diets to the rise in the number of fat-conscious customers. Based on type, the appetite suppressants segment dominates the global weight loss supplements market. Weight loss supplement types such as appetite suppressants and fat burners are preferred choice as these product helps to control appetite and reduce weight. Obesity has become the worst nutritional threat to the mass across the globe. A rise in demand for weight loss products and its benefits tag as clean label ingredients are the two main factors that contribute to the overall growth of the market.
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The weight loss supplements market is fragmented due to the presence of several players. Competition is expected to intensify in the near future with the entry of several local players. Key companies profiled in the research report include Abbott Laboratories, Amway Corp., Atkins Nutritional, Evlution Nutrition, Glanbia Plc, Herbalife International, Inc., Natrol, LLC, Natural Alternatives International, Inc., Rapid Nutrition Plc, and Reliv International, Inc.
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