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
