Global Weight Loss Supplement Market Insights Forecasts to 2033

• The Global Weight Loss Supplement Market Size was Valued at USD 28.65 Billion in 2023
• The Market Size is Growing at a CAGR of 13.52% from 2023 to 2033
• The Worldwide Weight Loss Supplement Market Size is Expected to Reach USD 101.83 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Weight Loss Supplement Market Size is Anticipated to Exceed USD 101.83 Billion by 2033, Growing at a CAGR of 13.52% from 2023 to 2033.

Market Overview

Herbs, fiber, and minerals are among the various substances present in weight-loss supplements, varying in quantity and variety. Some products come in liquid, powder, tablet, and capsule forms, and some include up to hundreds of chemicals. Dietary supplements that help with weight loss include those that speed up metabolism, decrease hunger, or stop the absorption of fat or carbohydrates. There are, few scientific indications supporting the efficacy of diet tablets. These supplements reduce hunger, weight, body fat, and absorption of macronutrients while increasing metabolism and thermogenesis. Companies in the worldwide weight loss management diet market are expected to see attractive commercial possibilities as a result of improving lifestyles and changing dietary habits. Obesity is classified as a chronic medical disorder due to an abnormal buildup and storage of body fat.  Unnatural fat deposition and accumulation are the causes of obesity. There are numerous strategies to keep off weight loss or obesity, such as exercise, dietary supplements, prescription drugs, and surgery. People may be at risk for several diseases and health issues, such as high blood pressure, kidney disease, heart disease, and even some types of cancer if this physiological condition is not treated. To prevent obesity and find efficient treatments, people must cooperate. The weight loss management diet industry is expanding due in large part to the increasing incidence of obesity. Chronic conditions like heart attacks, diabetes, hypertension, and orthopedic diseases are more common in obese people.

Report Coverage

This research report categorizes the market for the weight loss supplement market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the weight loss supplement market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the weight loss supplement market.

Driving Factors

An important driver of market expansion is the increasing number of people who are obese. The global obesity rate is rising, there are more people getting surgery for obesity, and emerging nations have more disposable funds. These factors are all propelling the market for weight management diets. Expanding worldwide, there is a strong correlation between obesity and being overweight and a high prevalence of chronic illnesses like diabetes, hypertension, heart attacks, and orthopedic conditions. Consequently, the market expansion for weight control diets is being positively driven by the demand for nutritious food and a balanced diet.

Restraining Factors

The market is expected to have considerable limits due to people's widespread misconceptions about weight reduction and the search for easy and quick ways to get rid of unwanted fat. The worldwide market for weight loss supplements is severely limited by negative public perception, which affects customer attitudes, purchase behavior, and regulatory scrutiny.

Market Segmentation

The weight loss supplement market share is classified into type, ingredients, distribution channel, and end user.

• The powder segment dominates the market with the largest market share through the forecast period.

Based on the type, the weight loss supplement market is categorized into liquid, powder, soft gels, pills, and others. Among these, the powder segment dominates the market with the largest market share through the forecast period. The powdered formulation, which drives this category, provides greater shelf life and higher supplement volumes, making it easy to regulate dosages according to individual needs. Compared to other formulations, its easy administration and dosage allow for quick and effective nutrient absorption, which improves bioavailability.

• The vitamins and minerals segment accounted for the largest revenue share through the forecast period.

Based on the ingredients, the weight loss supplement market is categorized into vitamins & minerals, amino acids, and natural extracts/ botanicals. Among these, the vitamins and minerals segment accounted for the largest revenue share through the forecast period. These nutrient-dense, vitamin-and mineral-rich supplements support healthy body function and metabolism in addition to helping with weight management. Antioxidants which protect cells from structural changes and enhance general health and performance, are present in a lot of these products.

• The offline channel is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the distribution channel, the weight loss supplement market is categorized into offline channel and online channel. Among these, the offline channel is anticipated to grow at the fastest CAGR growth through the forecast period. The expansion in this market is being driven by the rising availability of weight loss supplements in department shops, drug stores, retail pharmacies, and health and beauty stores. The proactive steps department stores and health & beauty stores are taking to increase public awareness of health maintenance are expected to have a favorable impact on category expansion.

• The 18 to 40 years segment is accounted for the largest revenue share through the forecast period.

Based on the end user, the weight loss supplement market is categorized into under 18 years, 18 to 40 years, 40 to 50 years, and above 50 years. Among these, the 18 to 40 years segment is accounted for the largest revenue share through the forecast period. The growing desire to maintain a healthy weight and to have the perfect body is expected to fuel this market's expansion. The industry is expected to grow as more people become aware of the benefits and workings of weight loss supplements.

Regional Segment Analysis of the Weight Loss Supplement Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the weight loss supplement market over the predicted timeframe.

North America is anticipated to hold the largest share of the weight loss supplement market over the predicted timeframe. Increasing sedentary habits, growing disposable incomes, and growing health consciousness are some of the driving forces behind this. Furthermore, improvements in product designs and advertising tactics have strengthened customer involvement, and the ease of use of internet channels has increased accessibility. In addition to conventional supplements, new pharmaceutical interventions such as the experimental medication retatrutide are attracting a lot of attention.

Asia Pacific is expected to grow at the fastest CAGR growth of the weight loss supplement market during the forecast period. Growing health consciousness, an increase in obesity rates, and a growing preference towards natural and herbal goods are some of the main drivers of this trend. The market for efficient weight reduction products has expanded as people become more conscious of their health and take an active approach to controlling their weight. The market is growing in this area for several reasons. Initially, individuals are looking for different ways to maintain a healthy weight as the prevalence of lifestyle-related disorders and obesity rises.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the weight loss supplement market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Abbott
• Covidien Plc.
• Pepsico, Inc.
• Nestle
• Amway Corp.
• GSK (GlaxoSmithKline)
• Herbalife International Inc.
• Wolfson Berg Limited
• EuroPharma
• Glanbia
• Creative Bioscience
• Nutratech Ltd
• ABH Pharma Inc.
• Transparent Labs
• Shaklee Corporation
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2024, Herbalife launched a new line of food and supplement product pairings with the launch of their newest invention, the Herbalife GLP-1 Nutrition Companion. These products, which come in Classic and Vegan varieties, are now available in the United States and Puerto Rico and give customers a wide variety of flavors to pick from.

• In January 2024, The PROTALITY brand is the newest product offered by American company Abbott. This new line of products includes a high-protein nutrition shake made to meet the needs of the growing number of individuals who want to control their weight loss while maintaining their muscle mass and getting the best nutrition possible.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the weight loss supplement market based on the below-mentioned segments: 

Global Weight Loss Supplement Market, By Type

• Liquid
• Powder
• Soft Gels
• Pills
• Others

Global Weight Loss Supplement Market, By Ingredients

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

Global Weight Loss Supplement Market, By Distribution Channel

• Offline Channel
• Online Channel

Global Weight Loss Supplement Market, By End User

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

Global Weight Loss Supplement Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa