Dietary supplements, in the form of tablets, capsules, softgels,
powder, and liquid, that aid in reducing body weight, are referred to as weight
loss products or supplements. The global weight loss supplements market is
expected to garner a revenue of USD 40 Billion by 2024 and register a CAGR of
5.5% during the forecast period of 2019 to 2024. The market is expected to
become lucrative over the years to come owing to the increasing trend of
fitness among the population, especially those of the age group of 25 and
above, as a part of overall personality development. Rising focus of a section
of the youth on their body weight is expected to render profitable
opportunities to the market players during the forecast period. Additionally,
increasing research and development investments, by the manufacturers of weight
loss & diet management products, to cater to the changing consumer needs
are helping the growth of the global weight loss supplements market.
Weight
Loss Supplements Market Revenue
Key Players
Some of the key players in the global weight loss supplements
market are Iovate Health Sciences International Inc. (Canada), Amway (US),
GlaxoSmithKline plc (UK), Herbalife International of America, Inc. (US), Shaklee
Corporation (US), Glanbia plc (Ireland), Abbott (US), General Nutrition
Centers, Inc. (US), Ultimate Life Ltd. (UK), Vitaco (New Zealand), Wolfson Berg
Limited (Cyprus), ABH Pharma Inc. (US), Transparent Labs (US), Dub Nutrition
(US), EuroPharma USA (US), and Nutratech Ltd (New Zealand).
Some of the strategies followed by the players operating in
the market were product launches, mergers, agreements, and joint ventures.
Regional Analysis
The global weight loss supplements market has been segmented,
by region, into North America, Europe, Asia-Pacific, and the rest of the world.
The market in North America is projected to dominate the
global weight loss supplements market owing to the growing health concerns
among consumers. In addition, the presence of several prominent market players
in the region is driving the growth of the North American weight loss
supplements market. However, the market in Asia-Pacific is expected to register
the highest growth rate during the forecast period owing to the rise in population,
suffering from obesity, and rising per capita disposable incomes of the people
in the region.
Complete Report Details @ https://www.marketresearchfuture.com/reports/weight-loss-supplements-market-8038
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