The analysts forecast Global Weight Loss Supplement Market to grow at a CAGR of 5.3% during the period 2016-2020. The report covers the present scenario and the growth prospects of the Global Weight Loss Supplement Market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of weight loss supplements.
The following companies are the key players in the Global Weight Loss Supplement Market: Amway, Creative Bioscience, Glanbia, GSK, Herbalife, and Lovate Health Sciences. Other Prominent Vendors in the market are: Atkins Nutritional, Avon, BASF, Bioalpha Holdings Berhad, Camillotek India, Healthviva, NBTY, Nestlé, Nutrisystem, Oriflame Cosmetics, QD Herbs, and White Heron Pharmaceutical.
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According to the weight loss supplement market report a key growth driver for the weight loss supplement market is the rise in healthcare costs. People take supplements not only as a preventive healthcare measure but also to avoid spending money on expensive treatments and medications if the need arises due to health negligence. For instance, the costs of obesity effects and their treatments range from $147 billion to $210 billion per year. Thus, weight loss supplements are being taken as a preventive measure to avoid obesity and other weight related diseases.
The global weight loss supplement market analyst said one market trend that will have a positive impact on growth is continuous product improvement. Consumers are increasingly opting for fitness programs and healthy food consumption, including supplements, to remain fit and healthy. Vendors are striving for product development to satisfy consumers. Many supplement categories that were previously specialized are becoming more main stream. Consumers are increasingly investing in weight management products that include sought-after ingredients such as yacon root, which is found in South America and has been used for generations by the natives. According to clinical studies, yacon root syrup is useful for healthy weight management.
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Global Weight Loss Supplement Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Global weight loss management market is growing at a fast rate. The major factors driving the growth include the rising number of obesity cases and growing awareness of lifestyle diseases. Increased government initiatives and a surge in health club memberships are expected to further drive the market.
Dietary supplements include dietary ingredients such as minerals, amino acids, vitamins, herbs, and so on. The intake of these supplements adds nutritional value to the body, helping to reduce the risk of diseases. They are available in various forms such as powders, pills, tablets, liquids, and gel caps.
Further, the report states that one challenge that could restrict market growth is the adoption of traditional and natural weight loss methods by consumers.
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