The
harmful consequences of being overweight and obese are ensuing in the rising
usage of the weight management products. Customers from all over the world
growingly prefer for a variety of weight management options for instance
healthy food consumption, weight loss supplements and fitness programs so as to
stay fit and healthy. The weight loss dietary supplements are as well
being used up on a huge scale so as to avoid expending on costly treatments and
medications. Makers are likewise concentrating on utilizing herbal components
in the weight loss supplements; in addition, diverse regulations on makers
are as well ensuing in the making of a harmless product as well as with label
claims which are not deceptive. The government of various nations are
furthermore concentrating on the quantity and quality of ingredients utilized
and if in the least of these components can severely have side-effects, disturbing
the wellbeing of the customers negatively.
The global
market is expected to record a CAGR of 6.0% all through the assessment period to
reach a market value of more than US$ 37,177.6 Million in revenue terms by the
end of 2026.
Market Segmentation
The worldwide market on
the basis of form includes soft pills/gel, liquid and powder. The soft pills/gel
is estimated to lead the market over the assessment period and is likely to surpass
US$ 18,500 Million in revenue terms by 2026 end.
On the basis of the end-user,
the global market consists of senior citizen, women and men. The women are likely
to remain the biggest users of these supplements. The category is projected to make
incremental prospects in excess of US$ 7,900 million amid 2017-2026.
Based on the distribution
channel, the worldwide market is categorized as health & beauty store, pharmacies
drug store, online sales, hypermarket/supermarket and other sales channel. The pharmacies
drug store will emerge as the biggest distribution channel.
The global market on the
basis of the ingredients includes botanical supplements, vitamins &
minerals, amino acids and others. The vitamins & minerals ingredients
category will rise as the biggest utilized ingredients in the overall market. The
vitamins & minerals will be surpassing US$ 16,900 Million in revenue terms
by 2026 end.
The global market on the
basis of the region is segmented into APEJ, Europe, North America, Japan, MEA and
Latin America. Among these, North America is likely to lead the worldwide market
all through the assessment period 2017-2026.
Key Market Players
The prominent companies functional in the global market includes
Glanbia Plc
Abbott Laboratories
Stefan Company
GlaxoSmithKline Plc.
Amway Corporation
GNC Holdings Inc
Vitacost.com Inc.
ABH Pharma Inc.
Vitaco Health Limited
Atlantic Multipower UK Ltd.
Herbalife International, Inc
Shaklee Corporation
Nu Skin Enterprises, Inc.
Others