Weight Loss Supplement Market size to grow by USD 2,066.13 million from 2022 to 2027, Growth of online retail stores to drive the market growth - Technavio

NEW YORK, May 5, 2023 /PRNewswire/ -- The global weight loss supplement market size is estimated to grow by USD 2,066.13 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 6.75% during the forecast period. North America is estimated to account for 29% of the market growth during the forecast period. The market for weight loss supplements in the region is propelled by growing consumer interest in healthier lifestyles and rising obesity-related concerns. North America's biggest market for weight-loss supplements is the US. Various factors, including the rising rates of obesity in the population, increased awareness of the health risks associated with being overweight, and growing demand for natural and organic products, are responsible for the popularity of weight loss supplements. Moreover, a lot of consumers are looking for alternatives to prescribed weight-loss drugs because they can have serious side effects. Hence, such factors drive the regional market growth during the forecast period. For more invaluable market insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - buy the report!

Weight Loss Supplement Market - Segmentation Assessment
Segment Overview

This report extensively covers market segmentation by distribution channel (online stores and retail outlets), type (pills, powder, and liquid), and geography (North America, Europe, Asia, and Rest of World (ROW).

• The market share growth by the online stores segment will be significant for the market growth during the forecast period. Online stores help customers to compare the products from different companies in terms of quality and associated health benefits before purchasing them and as weight loss supplements are associated with health risks, consumers are often unsure whether to try a new product, stay loyal to their existing weight loss supplement products, or switch to other brands. Hence, factors like this will propel the demand for online stores as a distribution channel of the global market and hence, drive the growth of the market in focus during the forecast period.

Insights on the market contribution of various segments including country and region wise, historic (2017 to 2021) and forecast market size (2023 to 2027) - Download a Sample Report

Weight Loss Supplement Market – Market Dynamics
Key factor driving market growth

• The growth of online retail stores is a major driving factor for the market growth. 
• The growing internet penetration led to increased adoption of online retail and changes in purchasing behavior for nearly all retail products.
• Ease of shopping, comparison of products and prices from different suppliers, and value-added services such as home delivery are some of the factors driving the growth of online commerce.
• Dietary supplements, including weight loss supplements, are also available in various online stores, with the increasing number of suppliers and their products offered through online platforms.
• Hence, such factors drive the market growth during the forecast period.

Leading trends influencing the market 

• The increasing popularity of plant-based supplements is an emerging trend in the weight loss supplement market. 
• The trend of increasing acceptance of plant-based weight loss supplements drives the market growth.
• Due to the increasing environmental awareness and health consciousness, customers are demanding natural and sustainable weight loss solutions. In comparison to traditional weight loss supplements, herbal supplements have many advantages. 
• Herbal supplements are free of harmful chemicals and artificial additives and are made from natural ingredients like herbal extracts and botanicals, which are believed to have health benefits.
• Hence, such trends influence the market growth during the forecast period.

Major challenges hindering the market growth

• The risk of side effects is a major challenge hindering market growth. 
• The supplements used for weight loss are used for reasons like curbing food cravings, decreasing appetite, increasing the metabolism rate, and others. Due to their various benefits, these supplements are available in many formulations, such as energy bars, tablets, capsules, and health drinks.
• But these supplements in some cases can alter a body's regular metabolism and also cause side effects like an increase in heart rate, high blood pressure, agitation, diarrhea, sleeplessness or insomnia, kidney problems, liver damage, rectal bleeding, and others.
• Hence, owing to such health risks, product adoption rates among users are affected. Therefore, the risk of these health issues is a major challenge for the growth of the global market.

Insights on Market Drivers, upcoming Trends, & Challenges, historic period(2017 to 2021) and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Weight Loss Supplement Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Weight Loss Supplement Market between 2023 and 2027
• Precise estimation of the size of the Weight Loss Supplement Market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Weight Loss Supplement Market across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Weight Loss Supplement Market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global weight loss supplement market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global weight loss supplement market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Online stores - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Online stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Online stores - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Online stores - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Online stores - Year-over-year growth 2022-2027 (%)

• 6.4 Retail outlets - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Retail outlets - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Retail outlets - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Retail outlets - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Retail outlets - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel 
• Exhibit 42: Market opportunity by Distribution Channel ($ million)
• Exhibit 43: Data Table on Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 44: Chart on Type - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Type - Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 46: Chart on Comparison by Type
• Exhibit 47: Data Table on Comparison by Type

• 7.3 Pills - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Pills - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Pills - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Pills - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Pills - Year-over-year growth 2022-2027 (%)

• 7.4 Powder - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Powder - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Powder - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Powder - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Powder - Year-over-year growth 2022-2027 (%)

• 7.5 Liquid - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Liquid - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Liquid - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Liquid - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Liquid - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Type 
• Exhibit 60: Market opportunity by Type ($ million)
• Exhibit 61: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 91: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 India - Market size and forecast 2022-2027 
• Exhibit 95: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Abbott Laboratories
• Exhibit 111: Abbott Laboratories - Overview
• Exhibit 112: Abbott Laboratories - Business segments
• Exhibit 113: Abbott Laboratories - Key news
• Exhibit 114: Abbott Laboratories - Key offerings
• Exhibit 115: Abbott Laboratories - Segment focus

• 12.4 Ajinomoto Co. Inc.
• Exhibit 116: Ajinomoto Co. Inc. - Overview
• Exhibit 117: Ajinomoto Co. Inc. - Business segments
• Exhibit 118: Ajinomoto Co. Inc. - Key news
• Exhibit 119: Ajinomoto Co. Inc. - Key offerings
• Exhibit 120: Ajinomoto Co. Inc. - Segment focus

• 12.5 Amway Corp.
• Exhibit 121: Amway Corp. - Overview
• Exhibit 122: Amway Corp. - Product / Service
• Exhibit 123: Amway Corp. - Key news
• Exhibit 124: Amway Corp. - Key offerings

• 12.6 Bioalpha Holdings Berhad 
• Exhibit 125: Bioalpha Holdings Berhad - Overview
• Exhibit 126: Bioalpha Holdings Berhad - Product / Service
• Exhibit 127: Bioalpha Holdings Berhad - Key offerings

• 12.7 FANCL Corp.
• Exhibit 128: FANCL Corp. - Overview
• Exhibit 129: FANCL Corp. - Business segments
• Exhibit 130: FANCL Corp. - Key offerings
• Exhibit 131: FANCL Corp. - Segment focus

• 12.8 Glanbia plc
• Exhibit 132: Glanbia plc - Overview
• Exhibit 133: Glanbia plc - Business segments
• Exhibit 134: Glanbia plc - Key offerings
• Exhibit 135: Glanbia plc - Segment focus

• 12.9 GlaxoSmithKline Plc
• Exhibit 136: GlaxoSmithKline Plc - Overview
• Exhibit 137: GlaxoSmithKline Plc - Business segments
• Exhibit 138: GlaxoSmithKline Plc - Key offerings
• Exhibit 139: GlaxoSmithKline Plc - Segment focus

• 12.10 GNC Holdings LLC
• Exhibit 140: GNC Holdings LLC - Overview
• Exhibit 141: GNC Holdings LLC - Product / Service
• Exhibit 142: GNC Holdings LLC - Key offerings

• 12.11 Herbalife International of America Inc. 
• Exhibit 143: Herbalife International of America Inc. - Overview
• Exhibit 144: Herbalife International of America Inc. - Product / Service
• Exhibit 145: Herbalife International of America Inc. - Key offerings

• 12.12 Iovate Health Sciences International Inc. 
• Exhibit 146: Iovate Health Sciences International Inc. - Overview
• Exhibit 147: Iovate Health Sciences International Inc. - Product / Service
• Exhibit 148: Iovate Health Sciences International Inc. - Key offerings

• 12.13 Market America Inc.
• Exhibit 149: Market America Inc. - Overview
• Exhibit 150: Market America Inc. - Product / Service
• Exhibit 151: Market America Inc. - Key offerings

• 12.14 Nature Sure
• Exhibit 152: Nature Sure - Overview
• Exhibit 153: Nature Sure - Product / Service
• Exhibit 154: Nature Sure - Key offerings

• 12.15 Natures Sunshine Products Inc. 
• Exhibit 155: Natures Sunshine Products Inc. - Overview
• Exhibit 156: Natures Sunshine Products Inc. - Business segments
• Exhibit 157: Natures Sunshine Products Inc. - Key offerings
• Exhibit 158: Natures Sunshine Products Inc. - Segment focus

• 12.16 Nestle SA
• Exhibit 159: Nestle SA - Overview
• Exhibit 160: Nestle SA - Business segments
• Exhibit 161: Nestle SA - Key news
• Exhibit 162: Nestle SA - Key offerings
• Exhibit 163: Nestle SA - Segment focus

• 12.17 Shaklee Corp.
• Exhibit 164: Shaklee Corp. - Overview
• Exhibit 165: Shaklee Corp. - Product / Service
• Exhibit 166: Shaklee Corp. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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Email: [email protected]
Website: www.technavio.com/

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