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The Business Research Company’s weight loss supplements market research report expands on key drivers, trends, and growth opportunities in the market.
LONDON, Aug. 23, 2022 /PRNewswire/ — The growing obese population is driving the growth of the weight loss supplements market. Obesity refers to the abnormal or excessive accumulation of fat, which might impair the health of individuals. In recent years, obesity has become a public health challenge across the globe, with a substantial contribution to global mortality and morbidity. The growing obese population is predicted to boost demand for weight loss supplements as these are widely adopted by individuals as healthy options to reduce weight. For instance, according to the World Health Organization (WHO), over 1 billion people globally are obese currently (2022). Of that, 650 million are adults, 340 million are adolescents, and 39 million are children. By 2025, around 167 million adults and children will become less healthy as they are overweight or obese.
The global weight loss supplements market share is expected to grow from $30.12 billion in 2021 to $34.19 billion in 2022 at a compound annual growth rate (CAGR) of 13.51%. The global weight loss supplements market size is expected to grow to $55.41 billion in 2026 at a compound annual growth rate (CAGR) of 12.83%.
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Technological Advancement Is A Key Trend In The Weight Loss Supplements Market
The development of new production technologies and innovative products is a key trend gaining popularity in the weight loss supplements …
Full story available on Benzinga.com
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