The significant growth in cases of obesity around the world coupled with the growing customer awareness levels about following a healthier and fit lifestyle will propel the market. Furthermore, an augmenting number of fitness centers and gyms in different regions and augmented awareness about the importance of weight loss supplements are predicted to propel the market growth. In addition to this, the growing disposable income levels and developed accessibility & affordability of surgeries are fostering the market growth.
The growing cases of obesity and connected health ailments, such as cardiovascular diseases (CVDs), hypertension, and diabetes, are predicted to propel product requirements. As the World Health Organization predicts during June 2021, nearly 2.8 million people die every year owing to being overweight or obese. Furthermore, as of 2021, WHO predicts nearly 115 million people are suffering from obesity-connected ailments in emerging nations. Hence, the increasing dependency on weight loss supplements to maintain normal body weight is predicted to foster market growth.
According to the SPER market research, ‘Global Weight Loss Supplements Market – By Ingredients, By Distribution, By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ state that the global weight loss supplements market is predicted to reach USD 110.18 billion by 2030 with a CAGR of 15.5%.
In addition, the growing disposable income and increasing concerns about maintaining a healthy lifestyle are predicted to propel the market growth. An augment in the working class and the middle-class population is predicted to foster the product requirement in the coming years. It is projected that in India, the average household income will triple over the coming two decades, and the country is predicted to have the world’s 5th greatest customer economy by the coming years.
The above-cited aspects are predicted to foster market growth. Government and private health organizations are designing and accepting the global obesity epidemic awareness programs and events to encourage the necessity of maintaining nutritional well-being and normal body weight by inculcating healthier dietary habits and pursuing an active or physical lifestyle.
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In addition, an unhealthy diet is a leading reason for obesity and obesity-connected disorders. Consumers are progressively realizing the benefits of these supplements, which are positively affecting product growth and consumption levels. For instance, the U.S. population is becoming more health-conscious and vigorously pursuing a physical lifestyle. An augment in the number of fitness centres and health clubs around the country has assisted the market development and growth.
Asia Pacific held the greatest share of the complete revenue owing to the high prevalence of obesity, increasing disposable income, and growing health consciousness among clients. The adult and geriatric population is speedily increasing and is greatly consuming appetite suppressants and weight management medications to assist optimum physique and well-being. The Asia Pacific regional market is predicted to augment at a steady CAGR throughout the review years due to developing distribution strategies implemented by the key players to augment product accessibility.
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Weight Loss Supplements Market Size,
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