Weight Loss Supplements Market Analysis by Type, by Ingredients, by Distribution Channel, by End user and by Region - Global Forecast to 2029

The weight loss supplements market size is estimated to be USD 35.4 million in 2021 and is expected to witness a CAGR of 18.61% during the forecast period 2022-2029. The increasing rates obesity and health related problems like cardiovascular diseases (CVDs), diabetes, and hypertension are some of the factors driving market growth. Additionally growing healthcare infrastructure in developing economies and increased reliance on weight loss supplements to maintain a healthy body weight is projected to drive the market growth in near future. However, lack of awareness is expected to restrain the market growth.

By Type

Based on type, the market is segregated into powder, liquid, pills, soft gels, and others. In 2021, the powder segment accounted for the highest revenue share owing to the ability to flexibly alter doses based on individual needs, the powdered formulation offers greater supplement volumes and a longer shelf life.

By Ingredients

On the basis of ingredients, the market is categorized into amino acids, natural extracts/botanicals, and vitamins & minerals. In 2021, the vitamins & minerals segment accounted for the highest revenue share due to the frequent use of dietary supplements with vitamin and mineral content.

By Distribution Channel

Based on distribution channel, the market is bifurcated into online channel and offline channel. In 2021, the offline channel segment accounted for the highest revenue share owing to the widespread availability of weight reduction pills from drugstores, department stores, health & beauty shops, and retail pharmacies and the whole consumer experience and engagement at offline retailers are being continually improved.

By End user

On the basis of end user, the market is segregated into under 18 years, 18 to 40 years, 40 to 50 years, and above 50 years. In 2021, the 18 to 40 years segment accounted for the highest revenue share owing to the increasing importance of maintaining healthy body weight and an ideal physique, increasing engagement in physical fitness activities and disposable income, and rising prevalence of obesity in this population category.

Regional Markets

In 2021, North America region accounted for the highest revenue in the weight loss supplements market and is expected to maintain its dominance during the forecast period. This is attributed to the rising prevalence of obesity, increased disposable income, rising health consciousness among consumers, improved distribution tactics used by key competitors to promote product availability.

Competitor Insights

Some of the key players operating in the weight loss supplements market are Ethicon, Inc. (Ethicon) (US), Covidien, plc. (Covidien) (US), Apollo Endosurgery (US), and Olympus Corporation (Olympus) (Japan) are some prominent players in the surgical equipment market, while Brunswick Corporation (Brunswick) (US), Amer Sports (Finland), Johnson Health Technology, Ltd. (Johnson Health Tech) (Taiwan), Cybex International (Cybex) (US), and Technogym SpA (Technogym) (Italy).

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including type, ingredients, distribution channel, and end user from 2020 to 2029.

Segmentation: Weight Loss Supplements Market Report 2021-2029

By Type (Revenue, USD Million)

• Powder
• Liquid
• Pills
• Softgels
• Others

By Ingredients (Revenue, USD Million)

• Amino Acids
• Natural Extracts/Botanicals
• Vitamins & Minerals

By Distribution Channel (Revenue, USD Million)

• Online Channel
• Offline Channel

By End user (Revenue, USD Million)

• Under 18 years
• 18 to 40 years
• 40 to 50 years
• Above 50 years

By Region (Revenue, USD Million)

North America

• U.S
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA