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Weight Loss Supplements Market Size

Report ID: GMI9837
Published Date: Jun 2024
Report Format: PDF

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Weight Loss Supplements Market Size

Weight Loss Supplements Market size was valued at around USD 31.4 billion in 2023 and is estimated to grow at 16.2% CAGR from 2024 to 2032. Weight loss supplements are products designed to aid individuals in their efforts to lose weight. These supplements typically come in various forms, including pills, capsules, powders, or liquids, and they often contain a combination of ingredients that are purported to promote weight loss.

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The increasing awareness and concern regarding obesity and related health issues, such as diabetes and heart disease is expected to drive the demand for weight loss supplements. As individuals become more health-conscious, they are actively seeking ways to manage their weight effectively, leading to a surge in demand for weight loss supplements.

For instance, in 2022, approximately 16% of adults aged 18 and older globally were classified as obese. Moreover, the rise of sedentary lifestyles and unhealthy eating habits in many parts of the world has fueled the need for convenient solutions to weight loss and obesity management. Weight loss supplements offer a convenient alternative for those looking to shed excess pounds without necessarily committing to rigorous exercise regimens or strict diets.

Additionally, advancements in research and development have led to the formulation of more effective and scientifically-backed weight loss supplements. Consumers are now more inclined to trust products that have been clinically tested and proven to deliver results.

Weight Loss Supplements Market Report Attributes
Report Attribute	Details
Base Year:	2023
Weight Loss Supplements Market Size in 2023:	USD 31.4 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	16.2%
2024 – 2032 Value Projection:	USD 120.7 Billion
Historical Data for:	2021 – 2023
No. of Pages:	230
Tables, Charts & Figures:	284
Segments covered:	Type, Product Type, Ingredients, Distribution Channel, Age Group, and Region
Growth Drivers:	Increasing health consciousness Increasing prevalence of obesity Technological advancements and marketing strategies
Pitfalls & Challenges:	Safety concerns and product efficacy Competition from alternative weight management solutions

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Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

Weight loss supplements industry size was worth USD 31.4 billion in 2023 and is projected to expand at 16.2% CAGR from 2024 to 2032, due to the increasing awareness and concerns regarding obesity and related health issues, such as diabetes and heart disease.

The pills type segment in the weight loss supplements industry accounted for USD 9.9 billion in 2023 and is estimated to depict notable CAGR between 2024 and 2032, owing to the increasing demand for convenient and accessible solutions for weight management.

The fat burners product type segment in the weight loss supplements industry is projected to reach USD 37.8 billion by 2032, due to the growing awareness of the importance of physical fitness and healthy living.

North America weight loss supplements industry is anticipated to account for USD 55.4 billion by 2032, led by the rapidly aging population, technological advancements, heightened public awareness, and the rising prevalence of chronic diseases.