LONDON–()–Technavio has been monitoring the weight loss supplement market and it is poised to grow by USD 1.33 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.
Frequently Asked Questions-
- What was the value of the weight loss supplement market in 2019?
- Technavio says that the value of the market was USD 4.55 billion in 2019 and it is projected to reach USD 5.88 billion by 2024.
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of over 5%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?
- Growing obese population is one of the key factors driving the market growth.
- Who are the top players in the market?
- Ajinomoto Co. Inc., Amway Corp., Creative Bioscience LLC, Glanbia Plc, GlaxoSmithKline Plc, GNC Holdings Inc., Herbalife Nutrition Ltd., Iovate Health Sciences International Inc., Nestle Health Science S.A., and The Nature’s Bounty Co. are some of the major market participants.
- Which region is expected to hold the highest market share?
- APAC
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 4.80%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ajinomoto Co. Inc., Amway Corp., Creative Bioscience LLC, Glanbia Plc, GlaxoSmithKline Plc, GNC Holdings Inc., Herbalife Nutrition Ltd., Iovate Health Sciences International Inc., Nestle Health Science S.A., and The Nature’s Bounty Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing obese population has been instrumental in driving the growth of the market.
Weight Loss Supplement Market 2020-2024: Segmentation
Weight Loss Supplement Market is segmented as below:
-
Distribution Channel
- Retail Outlets
- Online Stores
-
Geographic Landscape
- North America
- Europe
- APAC
- South America
- MEA
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Weight Loss Supplement Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our report covers the following areas:
- Weight Loss Supplement Market size
- Weight Loss Supplement Market trends
- Weight Loss Supplement Market analysis
This study identifies a rise in promotional and marketing activities as one of the prime reasons driving the weight loss supplement market growth during the next few years.
Weight Loss Supplement Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the weight loss supplement market, including some of the vendors such as Ajinomoto Co. Inc., Amway Corp., Creative Bioscience LLC, Glanbia Plc, GlaxoSmithKline Plc, GNC Holdings Inc., Herbalife Nutrition Ltd., Iovate Health Sciences International Inc., Nestle Health Science S.A., and The Nature’s Bounty Co. Backed with competitive intelligence and benchmarking, our research reports on the weight loss supplement market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Weight Loss Supplement Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist weight loss supplement market growth during the next five years
- Estimation of the weight loss supplement market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the weight loss supplement market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of weight loss supplement market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel placement
- Retail outlets – Market size and forecast 2019-2024
- Online stores – Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ajinomoto Co. Inc.
- Amway Corp.
- Creative Bioscience LLC
- Glanbia Plc
- GlaxoSmithKline Plc
- GNC Holdings Inc.
- Herbalife Nutrition Ltd.
- Iovate Health Sciences International Inc.
- Nestle Health Science S.A.
- The Nature’s Bounty Co.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
