Global Weight Loss Supplement Market 2018-2022
About Weight Loss Supplement
Weight Loss Supplement are the type of supplement used to reduce body weight by increasing the metabolism and decreasing apetite. These supplements are available in various formulations such as powder, capsule, tablets, and meal replacement liquids.
Technavio’s analysts forecast the global weight loss supplement market to grow at a CAGR of 5.63% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global weight loss supplement market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of weight loss supplement.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Weight Loss Supplement Market 2018-2022
Technavio recognizes the following companies as the key players in the global weight loss supplement market: Amway, Glanbia, GlaxoSmithKline, Herbalife, and Iovate Health Sciences International
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising number of promotional and marketing activities. Weight loss supplement vendors are adopting several innovative strategies to increase the product visibility and revenue sales. These supplements work effectively and are to be consumed with their regular diet. Vendors adopt concept selling and penetrative marketing strategies to attract consumers, even using the online channel.”
According to the report, one of the major drivers for this market is growing obese population. everal countries are adopting initiatives to prevent rising prevalence of obesity and improve the health of the residents. Obesity hampers the health of the residents and increases the risk of lifestyle-related diseases such as diabetes, cardiac arrest, and stroke. Obese individuals are advised to consume diet supplements to manage their weight and consequently, reduce their weight and risk of contracting life-threatening diseases.
Amway, Glanbia, GlaxoSmithKline, Herbalife, and Iovate Health Sciences International
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