The weight management supplement market is expected to reach a valuation of USD 5.24 billion in 2024. The industry is projected to expand at a 14.2% CAGR over the forecast period. Accordingly, the global weight management product market size is set to reach a staggering USD 22.3 billion by 2034 amid growing consumer preferences for weight management supplements.
Weight management supplements like appetite suppressants and fat burners are trending in the modern world. These supplements help address health conditions like obesity and enhance aesthetics. They are becoming an integral part of a weight loss plan.
Market Forecast for Weight Management Supplement Industry:
| Attributes | Key Insights |
|---|---|
| Global Weight Management Supplement Market Size in 2024 | USD 5.24 billion |
| Market Value in 2034 | USD 22.3 billion |
| Value-based CAGR (2024 to 2034) | 14.2% |
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The global weight management solution market is set to witness robust growth during the next decade. Key factors improving the market growth include the widespread prevalence of obesity and growing consumer preferences toward personality development.
Obesity is a global health problem. Obese people are growing in number at an accelerated pace. More than 1 billion people are estimated to be affected by obesity by 2030, according to the World Obesity Federation. This is expected to continue to elevate demand for weight management supplements.
Escalating interest in health and preventive measures to counter health risks associated with obesity, including diabetes and heart disease, is directing people toward weight management products. This is because these supplements are seen as a convenient way to manage weight.
Increasing popularity of personalized nutrition solutions and development of customizable supplements for individual needs and goals will benefit the market. Similarly, surging demand for easy-to-use weight management solutions is set to fuel sales growth.
Customers are moving towards natural and organic ingredients with sustainable procurement of the ingredients used to manufacture supplements. They seek supplements that are free from synthetic additives and preservatives. This is prompting manufacturers to use herbal ingredients like garcinia cambogia and green tea extracts.
Consumers are also seeking customizable supplements made for unique needs and goals. The market is witnessing a shift in the approach to weight management, which reflects that one type of supplement will not fit the needs of every individual and thus requires an individual approach.
Consumers are increasingly purchasing products that offer additional functional benefits beyond weight loss. This is expected to improve the product sales over the forecast period. Further, consumers are showing a preference for supplements that have the potential to boost energy, uplift mood, and enhance immunity. This shift in preferences is a result of the growing importance of holistic well-being.
Players have released different formats for weight management supplements. They come in gummies and chewable tablets. This innovation in delivery formats is predicted to serve diverse preferences and lifestyles. Supplements that can play a key role in supporting health and wellness goals are on the rise. This is increasing the demand for transparency and evidence-based claims in the industry.
Consumers look for convenience and accessibility while making purchasing decisions. They opt for easy-to-use formats and prefer to buy from online channels. Due to these factors, the market is forecast to grow rapidly through 2034.
Global sales of weight management supplements increased at 11.9% CAGR in the historical period. In the next decade, the industry is forecast to grow at 14.2% CAGR, indicating an increase of 2.3% from the historical growth rate.
Several factors are anticipated to fuel market growth during the assessment period. These include escalating health and wellness awareness, increasing obesity rates globally, and a growing acceptance of preventive healthcare practices.
Urbanization and changing lifestyles are making it difficult for the younger population to have proper weight management. As a result, people are opting for different weight management solutions.
From natural ingredients with proven weight-loss benefits to novel delivery formats designed for maximum absorption, manufacturers are continuously innovating to meet evolving consumer preferences and needs. This will bode well for the market.
Escalating popularity of online weight loss programs is prompting the adoption of weight management products like fat burners. They recommend people to use specific supplements as a part of their wight loss plans, thereby supporting market development.
Digital health platforms, personalized nutrition solutions, and telephonic health services are believed to increase the utilization of weight management supplements. Manufacturers are prioritizing raw materials transparency with standard regulatory frameworks to stay ahead of the competition.
Principal Consultant
The table below highlights key countries’ market revenues. The United States and India are predicted to remain the top consumers, with estimated valuations of USD 4.1 billion and USD 3.8 billion, respectively, in 2034.
| Countries | Market Value (2034) |
|---|---|
| United States | USD 4.1 billion |
| Germany | USD 1.7 billion |
| Japan | USD 920 million |
| China | USD 3.5 billion |
| India | USD 3.8 billion |
The below table shows the estimated growth rates of the top three nations. China and Japan are set to witness high weight management supplement consumption, recording CAGRs of 12.3% and 10.7%, respectively, through 2034.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 8.0% |
| Germany | 9.2% |
| Japan | 10.7% |
| China | 12.3% |
| India | 10.2% |
The United States weight management supplement industry is forecast to exhibit a CAGR of 8.0% during the assessment period. By 2034, the United States market size is projected to reach USD 4.1 billion.
Multiple factors are propelling demand for weight management supplements in the United States. These include growing interest in health and wellness, escalating popularity of preventive healthcare, and surge in obesity cases.
The nation has a growing health and wellness culture, with the rise in fitness and nutrition, which fuels demand for weight management solutions. People are consuming different weight management products to stay in good shape.
In the United States, 39.6% of adults are obese, out of which 31.6% are overweight and 7.7% are severely obese. To address this, people are seeking weight management solutions, thereby fueling their demand.
American companies are the leaders in delivering effective and scientifically validated weight management solutions to consumers. The United States' vast and diverse consumer base, with extensive distribution networks and retail channels, ensures widespread availability and accessibility of weight loss supplements nationwide.
As per the latest analysis, Japan weight management supplement market is projected to advance at a CAGR of 10.7% during the assessment period. Sales in Japan are estimated to total USD 920 million by 2034.
Japan highly values health and wellness, with its increasing focus on weight management and preventive healthcare practices. This is creating a favorable environment for the growth of the weight management supplement industry in the country.
Lifestyle-related diseases and obesity rates are very common, and Japanese consumers are actively seeking effective solutions to support their weight loss and management goals. Due to this, sales of weight management supplements in Japan are set to surge rapidly. Busy lifestyles and long working hours in Japan can make it challenging for individuals to dedicate sufficient time to regular exercise. Weight management supplements are convenient option for some.
The section below sheds some light on top segments and their anticipated growth rates. Companies can use this information to invest in popular products and formats to solidify their positions in the global industry.
By form, the capsules segment is poised to grow at a CAGR of 8.9% through 2034. Based on sales channel, online pharmacies segment will probably account for a revenue share of 16.8% in 2024.
| Top Segment (Form) | Capsules |
|---|---|
| CAGR (2024 to 2034) | 8.9% |
The capsules segment is forecast to account for a revenue share of 36.4% in 2024. The sales of weight management supplements are expected to expand at a CAGR of 8.9% through 2034. Their preference is increasing among consumers who are looking for simple and easy-to-consume pills.
Capsules are preferred over other delivery formats as they are hassle-free. Prescribe pills are easily incorporated into daily routines. They are typically used to encapsulate ingredients with strong tastes or odors, like herbs and botanicals.
The use of capsules further helps in dosage control, as each capsule's amount of active ingredients can be accurately measured and standardized. They provide consumers with the confidence that they are receiving the accurate amount of supplement every time, enhancing their overall satisfaction and trust in the product.
| Top Segment (Sales Channel) | Online Pharmacies |
|---|---|
| CAGR (2034) | 12.6% |
The online pharmacies segment is projected to increase at a 12.6% CAGR during the assessment period. This can be attributed to growing consumer preference towards purchasing weight loss supplements through online platforms owing to their convenience and other advantages.
Online pharmacies give consumers access to a wider range of products as opposed to traditional pharmacies. They provide convenience and accessibility to consumers. Thus, allowing them to browse and purchase an extensive range of weight loss supplements from their smartphone or laptops.
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The weight management supplement market is dynamic and competitive. Players in the market are constantly launching new formulations to address different weight loss struggles. They are looking to use natural and functional ingredients in their products as well as create new sugar-free formulations.
Several companies are collaborating with celebrities and social media influencers to increase their customer base. Similarly, the market is witnessing strategies like acquisitions, distribution agreements, mergers, and new facility establishments as players look to stay ahead of the competition.
Industry Updates
| Attribute | Details |
|---|---|
| Market Value in 2024 | USD 5.24 billion |
| Market Size in 2034 | USD 22.3 billion |
| Growth Rate (2024 to 2034) | 14.2% CAGR |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD billion for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | United States, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Poland, China, India, Thailand, Indonesia, Russia, Canada, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Product Type, Form, Sales Channels and Regions |
| Key Companies Profiled | Abbott Laboratories; Herbalife Nutrition; Pfizer; Glanbia PLC; NOW Foods; Sanofi; Almirall, S.A.; Dr. Reddy's Laboratories Ltd.; Bayer AG; Yakult Honsha Co., Ltd.; Dentsu Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market value is set to total USD 5.24 billion in 2024.
The target market grew at 11.9% CAGR between 2019 and 2023.
By 2034, the global market size is forecast to reach USD 22.3 billion.
Global demand is projected to surge at 14.2% CAGR through 2034.
Abbott Laboratories, Herbalife Nutrition, NOW Foods, Glanbia PLC, and Sanofi.
North American is projected to hold a revenue share of 32.2% over the forecast period.
As per FMI, the global dietary supplement market size is estimated to reach USD 74.3 billion in 2024.
The global weight management market was valued at USD 345.5 billion in 2022.
India holds a significant share of the global weight management industry.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Market Dynamics
3.1. Drivers
3.1.1. Supply Side Drivers
3.1.2. Demand Side drivers
3.1.3. Economic Side Drivers
3.2. Restraints
3.3. Opportunity
3.4. Market trends By Region
3.5. Forecast Factors - Relevance & Impact
3.6. Key Regulations and Policies
4. Value Chain Analysis
4.1. Operating margins at each node of the supply chain
4.2. List of Active Market Participants
5. Global Market - Pricing Analysis
5.1. Price Point Assessment by Region
5.1.1. Manufacturer-Level Pricing
5.1.2. Distributor Level Pricing
5.2. Price Point Assessment By Product
5.3. Price Forecast till 2034
6. Global Market Size (in Value (US$ billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
6.1. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2019 to 2023
6.2. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis, 2024 to 2034
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Product Type, 2019 to 2023
7.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Product Type, 2024 to 2034
7.3.1. Fat Burners
7.3.2. Appetite Suppressants
7.3.3. Carbohydrate Blockers
7.3.4. Weight Loss Support
7.3.5. Specialty Supplements
7.4. Market Attractive Analysis By Product Type
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
8.1. Introduction / Key Findings
8.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Form, 2019 to 2023
8.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Form, 2024 to 2034
8.3.1. Tablets
8.3.2. Capsules
8.3.3. Liquids
8.3.4. Powders
8.3.5. Gummies
8.3.6. Soft Gels
8.4. Market Attractiveness Analysis By Form
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
9.1. Introduction / Key Findings
9.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Sales Channel, 2019 to 2023
9.3. Current and Future Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Sales Channel, 2024 to 2034
9.3.1. Store Based
9.3.1.1. Modern Trade
9.3.1.2. Hospital Pharmacies
9.3.1.3. Retail Pharmacies
9.3.1.4. Drug Stores
9.3.2. Online Pharmacies
9.4. Market Attractiveness Analysis By Sales Channel
10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
10.1. Introduction
10.2. Historical Market Size (in Value (US$ billion) and Volume (MT) Analysis By Region, 2019 to 2023
10.3. Current Market Size (in Value (US$ billion) and Volume (MT) Analysis and Forecast By Region, 2024 to 2034
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. East Asia
10.3.5. South Asia
10.3.6. Oceania
10.3.7. Middle East & Africa
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
11.1. Introduction
11.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
11.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
11.3.1. By Country
11.3.1.1. United States
11.3.1.2. Canada
11.3.2. By Product Type
11.3.3. By Form
11.3.4. By Sales Channel
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Product Type
11.4.3. By Form
11.4.4. By Sales Channel
11.5. Key Takeaways
12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
12.1. Introduction
12.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
12.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
12.3.1. By Country
12.3.1.1. Brazil
12.3.1.2. Mexico
12.3.1.3. Argentina
12.3.1.4. Rest of Latin America
12.3.2. By Product Type
12.3.3. By Form
12.3.4. By Sales Channel
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. Product Type
12.4.3. By Form
12.4.4. By Sales Channel
12.5. Key Takeaways
13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
13.1. Introduction
13.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
13.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
13.3.1. By Country
13.3.1.1. Germany
13.3.1.2. United Kingdom
13.3.1.3. France
13.3.1.4. Italy
13.3.1.5. Spain
13.3.1.6. BENELUX
13.3.1.7. Nordic
13.3.1.8. Russia
13.3.1.9. Poland
13.3.1.10. Rest of Europe
13.3.2. By Product Type
13.3.3. By Form
13.3.4. By Sales Channel
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Form
13.4.4. By Sales Channel
13.5. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
14.1. Introduction
14.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
14.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
14.3.1. By Country
14.3.1.1. China
14.3.1.2. Japan
14.3.1.3. South Korea
14.3.2. By Product Type
14.3.3. By Form
14.3.4. By Sales Channel
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Form
14.4.4. By Sales Channel
14.5. Key Takeaways
15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
15.1. Introduction
15.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
15.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Malaysia
15.3.1.4. Indonesia
15.3.1.5. Singapore
15.3.1.6. Vietnam
15.3.1.7. Philippines
15.3.1.8. Rest of South Asia
15.3.2. By Product Type
15.3.3. By Form
15.3.4. By Sales Channel
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Form
15.4.4. By Sales Channel
15.5. Key Takeaways
16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
16.1. Introduction
16.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
16.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
16.3.1. By Country
16.3.1.1. Australia
16.3.1.2. New Zealand
16.3.2. By Product Type
16.3.3. By Form
16.3.4. By Sales Channel
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Form
16.4.4. By Sales Channel
16.5. Key Takeaways
17. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
17.1. Introduction
17.2. Historical Market Size (US$ billion) and Volume Trend Analysis By Market Taxonomy, 2019 to 2023
17.3. Market Size (US$ billion) and Volume Forecast By Market Taxonomy, 2024 to 2034
17.3.1. By Country
17.3.1.1. GCC Countries
17.3.1.2. Turkiye
17.3.1.3. Egypt
17.3.1.4. South Africa
17.3.1.5. Rest of Middle East & Africa
17.3.2. By Product Type
17.3.3. By Form
17.3.4. By Sales Channel
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Form
17.4.4. By Sales Channel
17.5. Key Takeaways
18. Country-level Market Analysis, 2024
18.1. United States Market Analysis
18.1.1. By Product Type
18.1.2. By Form
18.1.3. By Sales Channel
18.2. Canada Market Analysis
18.2.1. By Product Type
18.2.2. By Form
18.2.3. By Sales Channel
18.3. Brazil Market Analysis
18.3.1. By Product Type
18.3.2. By Form
18.3.3. By Sales Channel
18.4. Mexico Market Analysis
18.4.1. By Product Type
18.4.2. By Form
18.4.3. By Sales Channel
18.5. Argentina Market Analysis
18.5.1. By Product Type
18.5.2. By Form
18.5.3. By Sales Channel
18.6. Germany Market Analysis
18.6.1. By Product Type
18.6.2. By Form
18.6.3. By Sales Channel
18.7. United Kingdom Market Analysis
18.7.1. By Product Type
18.7.2. By Form
18.7.3. By Sales Channel
18.8. France Market Analysis
18.8.1. By Product Type
18.8.2. By Form
18.8.3. By Sales Channel
18.9. Italy Market Analysis
18.9.1. By Product Type
18.9.2. By Form
18.9.3. By Sales Channel
18.10. Spain Market Analysis
18.10.1. By Product Type
18.10.2. By Form
18.10.3. By Sales Channel
18.11. Belgium Market Analysis
18.11.1. By Product Type
18.11.2. By Form
18.11.3. By Sales Channel
18.12. Netherlands Market Analysis
18.12.1. By Product Type
18.12.2. By Form
18.12.3. By Sales Channel
18.13. Nordic Market Analysis
18.13.1. By Product Type
18.13.2. By Form
18.13.3. By Sales Channel
18.14. Russia Market Analysis
18.14.1. By Product Type
18.14.2. By Form
18.14.3. By Sales Channel
18.15. Poland Market Analysis
18.15.1. By Product Type
18.15.2. By Form
18.15.3. By Sales Channel
18.16. China Market Analysis
18.16.1. By Product Type
18.16.2. By Form
18.16.3. By Sales Channel
18.17. Japan Market Analysis
18.17.1. By Product Type
18.17.2. By Form
18.17.3. By Sales Channel
18.18. S Korea Market Analysis
18.18.1. By Product Type
18.18.2. By Form
18.18.3. By Sales Channel
18.19. India Market Analysis
18.19.1. By Product Type
18.19.2. By Form
18.19.3. By Sales Channel
18.20. Thailand Market Analysis
18.20.1. By Product Type
18.20.2. By Form
18.20.3. By Sales Channel
18.21. Malaysia Market Analysis
18.21.1. By Product Type
18.21.2. By Form
18.21.3. By Sales Channel
18.22. Vietnam Market Analysis
18.22.1. By Product Type
18.22.2. By Form
18.22.3. By Sales Channel
18.23. Philippines Market Analysis
18.23.1. By Product Type
18.23.2. By Form
18.23.3. By Sales Channel
18.24. Indonesia Market Analysis
18.24.1. By Product Type
18.24.2. By Form
18.24.3. By Sales Channel
18.25. Singapore Market Analysis
18.25.1. By Product Type
18.25.2. By Form
18.25.3. By Sales Channel
18.26. Australia Market Analysis
18.26.1. By Product Type
18.26.2. By Form
18.26.3. By Sales Channel
18.27. New Zealand Market Analysis
18.27.1. By Product Type
18.27.2. By Form
18.27.3. By Sales Channel
18.28. GCC Countries Market Analysis
18.28.1. By Product Type
18.28.2. By Form
18.28.3. By Sales Channel
18.29. Turkiye Market Analysis
18.29.1. By Product Type
18.29.2. By Form
18.29.3. By Sales Channel
18.30. Egypt Market Analysis
18.30.1. By Form
18.30.2. By Sales Channel
18.31. South Africa Market Analysis
18.31.1. By Product Type
18.31.2. By Form
18.31.3. By Sales Channel
19. Market Structure Analysis
19.1. Global Competition - a Dashboard View
19.2. Industry Structure Analysis
19.2.1. % tier 1 market players
19.2.2. % tier 2 market players
19.2.3. % tier 3 market players
19.3. Global Market Company Share Analysis
19.3.1. For Tier 1 Market Players, 2023
19.3.2. Company Market Share Analysis of Top Players, By Region
19.4. Key Participants Market Presence (Intensity Mapping) by Region
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Abbott Laboratories
20.3.1.1. Product Portfolio
20.3.1.2. Product Claim
20.3.1.3. Revenue by Market Segments (Product Type/Form/Sales Channel/Region)
20.3.1.4. Sales Footprint
20.3.1.5. Strategy Overview
20.3.1.5.1. Marketing Strategy
20.3.1.5.2. Product Strategy
20.3.1.5.3. Channel Strategy
20.3.1.6. SWOT Analysis
20.3.2. Herbalife Nutrition
20.3.3. Pfizer
20.3.4. Glanbia PLC
20.3.5. NOW Foods
20.3.6. Sanofi
20.3.7. Almirall, S.A.
20.3.8. Dr. Reddy's Laboratories Ltd.
20.3.9. Bayer AG
20.3.10. Yakult Honsha Co., Ltd.
20.3.11. Dentsu Inc.
20.3.12. Other Players (On Additional Requests)
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Weight Management Supplement Market
