Market Overview

The weight loss ingredient is a booming market, with tremendous potential for innovation and development. Consumers across the globe are opting for weight management products, not just as a healthcare measure but also to avoid spending on expensive medications and treatments. The surge in healthcare cost is considered a key growth stimulant of the market. The global Weight Loss Products market size, report by Market Research Future (MRFR) is touted to register a healthy CAGR during the forecast period (2017-2023).

Market players across the globe are highly focusing on the development of customized and innovative formulations, which is estimated to fuel the market growth globally. Changing lifestyle owing to the rising health awareness among consumers will promote the market growth in the foreseeable future. Additionally, consumer preference towards plant protein-based supplements will widen the scope for the market across the world. Moreover, notable investment in RD of these products will create new growth opportunities for the market.

On the contrary, these weight loss products like food and beverages are quite expensive as compared to the regular ones. Also, consumers find a cheaper alternative for weight management. Such factors are estimated to restrict the market growth across the globe.

Global Weight Loss Ingredients Market: Segmental Analysis

The weight loss ingredients market has been segmented on the basis of source, ingredient function, and application.

By source, the weight loss ingredients market is segmented into polysaccharides, proteins, alkaloids, fatty acids, organic compounds, phytosterols, and others. Of these, the proteins segment is likely to command the largest market share due to their utilization in several products like beverage and food supplements.

The ingredient function segment comprises appetite suppressant, fat burner, metabolic booster, absorption inhibitor, and others. Of these, the fat burner segment is likely to gain prominence and dominates the market, mainly due to the approval of PUFA from the regulatory authority for being utilized in weight loss ingredients.

Weight loss ingredients find application in functional foods, dietary supplements, functional beverages, and others. Of these, the dietary supplements segment will dominate the market, owing to surging awareness associated with bodyweight among the global population.

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Regional Frontiers

Geographically, the weight loss ingredients market spans across Europe, North America, Asia Pacific, and the Rest of the World (RoW).

Considering the global scenario, the weight loss ingredients market is dominated by North America. The region commands the largest market share and accounts for almost one-third of sales across the globe. This is majorly based on weight loss supplements and meal replacement slimming products. The existence of industry bigshots coupled with the soaring number of regulations by the FDA on the labeling and manufacturing of weight-loss dietary supplements are some of the primary growth stimulants of the market in North America. Manufacturers in the region are highly focusing on RD and increasing their product portfolio by launching new innovative products in the region.

Europe is considered a major consumer of weight loss ingredients, generally in the form of functional food products and supplements. The growth can be credited to the rising incidences of chronic diseases and obesity due to changing lifestyle. The soaring demand for weight loss ingredients in the functional FB industry is likely to act as the key driving factor.

The Asia Pacific region is considered an emerging regional market for weight loss ingredients. The surging consumption of fast food items, especially in nations like India, China, and others has increased the incidences of obesity. The APAC is witnessing consistent growth in the demand for weight loss products, mainly due to the rising need to curb obesity. Moreover, meal replacements are in great demand among the consumers as they are considered healthier source of nutrition compared to conventional food.

Industry Updates

September 2019: ReGrained is a packaged goods innovator and a mission-driven ingredient platform, who leverages patented technology in order to concert food manufacturing byproduct into superfoods. The company has recently declared that is has upgraded its brand aesthetics and is likely to enter the savory snack space with its all-new innovative snack puff.

Competitive Dashboard

The top players operating in the weight loss ingredients market include Atkins Nutritionals, Inc. (U.S.), BENEO-Palatinit GmbH (Germany), Cargill Health Nutrition (U.S.), DSM Nutritional Products (Netherlands), Herbalife International, Inc. (U.S.), Glanbia Plc (Ireland), and Ingredion Incorporated (U.S.).