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.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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