Global Fat Burn Supplements Market - 2022-2029

Global Fat Burn Supplements Market - 2022-2029

Market Overview

Fat Burn Supplements Market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Fat burn supplements are nutritional supplements that increase fat metabolism or energy expenditure, weight loss, and oxidation during exercise. These supplements contain several ingredients, each having a different role and function. Some popular fat burner supplements are caffeine, carnitine, green tea, conjugated linoleic acid, forskolin, chromium, kelp and fucoxanthin. These supplements block fat or carbohydrate absorption and curb appetite. The major drivers of the fat burn supplement market include the rising awareness among people, regarding health concerns, and the growing preference for supplements, which are convenient to maintain fitness without any need for dietary meals or exercises.

Market Dynamics: Growing awareness about health benefits of fat burn supplements

Growing health awareness regarding health concerns, rising preference for fat burn supplements, and various health benefits like increased performance and help in weight loss management are major driving factors driving the market growth. Increased demand for fat burn pills from the sports industry by people who include progressive resistance exercise for aesthetic body looks is another factor expected to support the growth of the target market. Fat burn supplements are beneficial in increasing body metabolism and reducing body fat. Fat burn supplements help direct or indirect loss of fat from the human body. It helps burn out some fat indirectly by curbing appetite and ensures proper exercise without eating too much food.

Moreover, the rising cases of obesity and related health ailments, such as cardiovascular diseases (CVDs), diabetes, and hypertension, are expected to drive product demand. As per the World Health Organization estimates in June 2021, approximately 2.8 million individuals die every year due to overweight or obesity. In addition, as of 2021, WHO estimates approximately 115 million individuals are suffering from obesity-related ailments in developing countries. Therefore, the growing dependency on weight loss supplements to maintain normal body weight is expected to propel market growth.

Other key growth drivers are increasing technological advancement in the fat burn supplements market, enabling efficient production, expanding product portfolio, sophisticated design and packaging, effective operational maintenance, and sales monitoring.

Market Segmentation:Pills segment accounted for the highest share in global fat burn supplements market

The pills type segment is expected to hold highest market revenue share of XX% in the year 2021. Arise in preference for weight loss supplements in pills formulation due to the easy availability of the same in chewable tablets sustained-release pills, and sublingual pills is contributing to the segment growth. In addition, factors, such as pills being comparatively cheaper than other formulations, and their higher shelf life, and wide acceptance among patients of all age groups, are driving the demand for pill type formulation in the market.

On the other hand, powder segment is expected to grow with a significant CAGR of XX% during the forecast period. The powdered formulation makes provision of higher quantities of supplement and has a longer shelf life with the easily regulated dosages as per individual requirement, which is a driving factor for this segment. The ease of administration and dosage allows the body to digest and absorb the nutrients quickly & efficiently making them more bioavailable when compared to other formulations. Powdered formulations are perfect for individuals with hampered ingestion or clinically diagnosed dysphagia where solid oral supplement formulations, such as pills and softgels, cannot be administered.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest share revenue of almost XX percent. An increasing number of health-conscious people across the region increase the demand for fat burn supplement. Increasing people’s inclination towards following an active and healthy lifestyle because of increasing pollution and busy schedules is expected to increase the fat burn supplements market. Moreover, the obesity epidemic has allowed the supplement industry in the United States to expand sales in a new direction. The growing demand for natural, plant-based supplements in North America is creating opportunities for key players to develop new products. Some major market players in the United States, like Quality Supplement Manufacturing, launched a new product range for the consumers.

Competitive Landscape:

There are several established participants in the industry and local manufacturers; hence, the market is fragmented. Some major market players are MuscleTech, Nutrex Research Inc., QNT, Puritan’s Pride, OmniActive Health Technologies, Royale, Sakura, Pearl White and Vital Health Foods, among others. Some major key players launched new products in the market to increase their portfolio. For instance, in October 2018, nutritional products giant Nutrex Research launched an innovative weight loss support supplement named Lipo-6 Dynamics. It is available in powder form. This product helps to boost body metabolism and stabilize the appetite. It is available in two flavors blackberry lemonade and strawberry kiwi. Also, in March 2022, Pro Nutrition & Fitness launched a tablet-based supplement line to boost energy and midnight fat burner for both men and women. This tablet is a rich source of zinc, vitamin C, folic acid, vitamin A, calcium, and iron. In July 2021, Youtheory was tapping into botanicals for weight management with its new supplement Daily Fat Burner. The formula blends 450 mg of Fytexia’s Sinetrol Citrus Fruit Blend and 50 mg of OmniActive Health Technologies’ Capsimax to support fat loss. Sinetrol combines extracts from grapefruit, orange, guarana seed and blood orange standardized to 90 percent polyphenols.

COVID-19 Impact: Negative impact on the global fat burn supplements market

The fat burn supplement sale decreased during the covid pandemic. People started focusing on other important health concerns than weight loss. During pandemic, gyms and sport activity are completely closed to minimize the contamination risk. Also, fat burn manufacturer companies stopped their production due to the government restrictions and unavailability of labor during the pandemic period. Several regional and country-level governments have laid down stringent regulatory frameworks for market players to provide sufficient evidence regarding the safety & efficacy of every ingredient used in the supplement, which is expected to restrain the market growth. The COVID-19 pandemic resulted in temporary lockdowns and closure of gyms and fitness centers resulting in individuals shifting towards negative lifestyle changes and a significant decline in physical activities.

The global fat burn supplements market report would provide an access to approximately 61 market data tables, 54 figures and 170 pages

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Please note: This publisher does offer titles that are created upon receipt of order. The report will take approximately 15-20 business days to prepare and deliver.