Weight Loss Supplement Market size is set to grow by USD 1.53 billion from 2024-2028, Growing obese population to boost the market growth, Technavio

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Jul 01, 2024, 14:30 ET

NEW YORK, July 1, 2024 /PRNewswire/ -- The global weight loss supplement market size is estimated to grow by USD 1.53 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 4.96% during the forecast period.

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Technavio has announced its latest market research report titled Global weight loss supplement market 2024-2028

The growth of the weight loss supplement market is being driven by a number of factors, including:

Increasing awareness of health and wellness
Rising prevalence of obesity and related health issues
Growing demand for effective and safe weight loss solutions
Use of innovative technologies and research and development in creating new and improved weight loss supplements

The market is segmented based on product type, distribution channel, and geography. The competitive landscape is characterized by a high level of competition, with businesses focusing on product innovation, pricing strategies, and marketing efforts to differentiate themselves from competitors.

Some of the challenges facing the weight loss supplement market include:

Stringent regulations
Limited responsible marketing
Difficulty for consumers to stick to diets and exercise routines
Debate over the effectiveness and safety of some weight loss supplements

The weight loss supplement market is expected to continue to grow in the coming years, driven by the increasing demand for weight loss solutions and the expanding consumer base.

Learn and explore more about Technavio's in-depth research reports

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SOURCE Technavio