Weight Loss Supplement Market by Distribution Channel and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR41651
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The weight loss supplement market size has the potential to grow by USD 1.33 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by distribution channel (online stores, and retail outlets) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including 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.

What will be the Weight Loss Supplement Market Size in 2020?

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Who are the Major Weight Loss Supplement Vendors?

The weight loss supplement market is fragmented. The changes in lifestyle and the increasing focus on a healthy lifestyle have encouraged market vendors to offer different kinds of products, including keto supplement and heart-care supplements that help in fighting obesity and related diseases. 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. Although the growing healthcare expenditure will offer immense growth opportunities, the risk of side effects will challenge the growth of the 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.

To help clients improve their market position, this weight loss supplement market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this weight loss supplement market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • 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.

Which are the Key Markets for Weight Loss Supplement?

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APAC will offer several growth opportunities to market vendors during the forecast period. Factors such as the rising awareness about the need for proactive personal healthcare practices and solutions will significantly influence weight loss supplement market growth in this region.

Almost 30% of the market’s growth will originate from APAC during the forecast period. China is an important market for weight loss supplements in APAC. Market growth in this region will be faster than the growth of the market in other regions.

What are the Major Distribution Channel Segments in the Weight Loss Supplement Market?

weight-loss-supplement-market-share-by-distribution-channel

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Online stores are growing at a faster pace compared with retail outlets due to the increased preference for the sales channel among users. Customers benefit from online stores in various ways, such as ease of purchase, ease of delivery of products, and flexible payment options. Due to the increased penetration of online stores, customers can check reviews and feedback provided by existing users, which helps them make well-informed decisions.

The online stores segment will contribute to the highest incremental growth between 2019 and 2024. This report provides an accurate prediction of the contribution of all the segments to the growth of the weight loss supplement market size.

How will the Obese Population Influence Weight Loss Supplement Market Growth?

The growing obese population is one of the primary factors that will drive weight loss supplement market growth during 2020-2024. Several countries are adopting initiatives to prevent the rising prevalence of obesity and improve the health of residents. With the growing demand, weight loss supplement manufacturers are adopting several innovative strategies to increase 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 and fuel the weight loss supplement market size. The rising number of promotional and marketing activities coupled with the growing obese population will drive weight loss supplement market growth at a CAGR of over 5% during the forecast period.

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What are the Key Factors Covered in this Weight Loss Supplement Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive weight loss supplement market growth during the next five years
  • Precise estimation of the weight loss supplement market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the weight loss supplement industry across APAC, Europe, MEA, North America, and South America
  • A thorough 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

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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

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The weight loss supplement market growth will increase by $1328.97 million during 2019-2024.
The weight loss supplement market is expected to grow at a CAGR of 5.25% during 2019-2024.
Technavio has segmented the weight loss supplement market by product (UERR, LERR, FE, and TRR) and geographic (North America, Europe, APAC, South America, and MEA).
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. are a few of the key vendors in the weight loss supplement market.
APAC will register the highest growth rate of 29.55% among the other regions. Therefore, the weight loss supplement market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • Republic of China
  • UK
  • Germany
  • India
The key factors driving the weight loss supplement market growth are:
  • Growing obese population
  • Rise in promotional and marketing activities
The weight loss supplement market vendors should focus on grabbing business opportunities from the uerr segment as it accounted for the largest market share in the base year.
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