Weight Loss Supplement Market Size, Share & Trends Analysis Report By Type (Liquid, Powder), By Ingredients (Vitamins & Minerals, Amino Acids), By End-user, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Weight Loss Supplement Market Size, Share & Trends Analysis Report By Type (Liquid, Powder), By Ingredients (Vitamins & Minerals, Amino Acids), By End-user, By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030

Weight Loss Supplements Market Growth & Trends

The global weight loss supplements market size is expected to reach USD 71.59 billion by 2030, registering a CAGR of 13.70% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising cases of obesity across the globe coupled with increasing consumer awareness levels about following a healthier and fit lifestyle will drive the market. In addition, a rising number of fitness centers and gyms in several countries and increased awareness about the importance of weight loss supplements are projected to drive the market growth. Moreover, rising disposable income levels and improved accessibility & affordability of surgeries are propelling the market growth.

The growing number of bariatric surgeries across the globe per year is expected to positively contribute to the growth of the market. As per the American Society for Metabolic and Bariatric Surgeries (ASMBS) estimates in 2017, approximately 228,000 individuals underwent a weight loss surgery in the U.S. whereas, 580,000 patients globally undergo bariatric surgeries every year. Furthermore, individuals are actively participating in fitness activities and signing up for gyms & wellness centers’ memberships. The growing awareness levels about obesity-related health ailments are expected to drive product consumption. As per the International Health, Racquet & Sportsclub Association (IHRSA) estimates, there has been a 27% rise in the number of health club members, from 58 million in 2010 to 73.6 million in 2019. The number of health clubs in the U.S. also increased by 5.2%, from 36,540 in 2016 to 38,447 in 2017.

The powder type segment dominated the market in 2020 with the growing need to curb obesity and prevent obesity-related health ailments. The vitamins & minerals segment dominated the market owing to the rise in health consciousness and increased number of fitness centers & gyms across various countries. The age group of 18-40 years old dominated the market due to the rising healthcare expenditure and reversal of sedentary lifestyles. Asia Pacific dominated the global market due to the growing prevalence of obesity in developing countries and rising expenses of bariatric surgeries.

Weight Loss Supplements Market Report Highlights

• Based on type, the market is segmented into liquid, powder, softgels, pills, and others. The powder segment dominated the overall market in 2023 with the largest revenue share of 38.07%.
• Based on ingredients, the market is segmented into vitamins & minerals, amino acids, and natural extracts/ botanicals. The vitamins and minerals segment dominated the market with the largest revenue share in 2023.
• Based on distribution channel, the market is segmented into offline channel and online channel segments. The offline segment dominated the market in 2023.
• North America weight loss supplement market held the largest global market share of 36.11% in 2023, driven by various factors including increasing health consciousness, rising disposable incomes, and the prevalence of sedentary lifestyles.

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