Market Overview:
The global weight loss supplements market size was valued at USD 24.63 billion in 2023 and is expected to be worth USD 27.89 billion in 2024. The market is projected to reach USD 77.21 billion by 2032, recording a CAGR of 13.57% during the forecast period.
Weight loss supplements consist of a blend of minerals, herbs, and fibers aimed at assisting individuals in shedding pounds by curbing appetite, boosting metabolism, and enhancing fat burning. Key drivers for the growing use of appetite suppressants include the rising prevalence of obesity, heightened health awareness, and the introduction of advanced fat-burning supplements.
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
Segmentation:
Powders Segment Led Market as it Facilitates Rapid Absorption and Allows for Flexible Dosing
Based on form, the market is distributed into powders, tablets, capsules, liquids, and others. The powders segment was the leading contributor to the market revenue in 2023 primarily due to the advantages of the powder form of the supplement, which facilitates rapid absorption and allows for flexible dosing.
Natural/Botanical Extracts Dominates Market Due to Their Ability to Regulate Appetite and Enhance Glucose and Lipid Metabolism
Based on product type, the market is segmented into vitamins, minerals, amino acids, proteins, natural/botanical extracts, and others. Natural/botanical extract-based weight loss supplements have emerged as the dominant category in the market, effectively securing the top position. These supplements enriched with natural extracts are recognized for their ability to regulate appetite and enhance glucose and lipid metabolism, establishing them as a viable option for obesity management.
19 to 40 Years Segment Dominates Market Due to Increasing Risk of Obesity