Weight Loss Supplement Market Size Analysis and Top Companies
The global weight loss supplement market size is estimated to hit around USD 110.01 billion by 2033 increasing from USD 29.06 billion in 2023, with a CAGR of 14.25%. The top companies in the weight loss supplement market are Glanbia PLC, GlaxoSmithKline PLC, Herbalife Nutrition Ltd., Nestle, Amway Corp., Ajinomoto Co. Inc., NutriSport Pharmacal, Inc., GNC Holdings, LLC, GNC Holdings, LLC, and Others.
Market Report Coverage
| Report Attributes |
Details |
| Market Size by 2033 |
USD 110.01 Billion |
| Market Size in 2023 |
USD 29.06 Billion |
| Market Growth Rate from 2023 to 2033 |
CAGR of 14.25% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2033 |
| Segments Covered |
Type, Ingredient, End-use, Distribution Channel, and Regions |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East, & Africa |
Weight Loss Supplement Key Players
- Glanbia PLC
- GlaxoSmithKline PLC
- Herbalife Nutrition Ltd.
- Nestle
- Amway Corp.
- Ajinomoto Co. Inc.
- NutriSport Pharmacal, Inc.
- GNC Holdings, LLC
- GNC Holdings, LLC
Latest Announcement by Market Leaders
- In September 2024, GSK plc announced that it had completed the primary objective data analysis from the phase II part of the TH HSV REC-003 trial. This trial is a combined phase I/II proof-of-concept study to assess the potential clinical efficacy of GSK3943104.
- In August 2024, Medtronic and Abbott Laboratories announced a partnership to combine the former’s automated insulin delivery (AID) systems, such as the MiniMed insulin pump, with Abbott’s continuous glucose monitor (CGM) technology.
Recent Developments
- In March 2024, Novo Nordisk disclosed that the U.S. FDA approved Wegovy. This approval extends its indication to include the decrease of major cardiovascular events, such as heart attack or stroke, in adults diagnosed with known heart disease who are either obese or overweight.
- In January 2024, Abbott, a U.S., launched its latest offering, the PROTALITY brand. This new line features a high-protein nutrition shake designed to cater to the increasing demographic of adults seeking to manage weight loss while maintaining muscle mass and ensuring optimal nutrition.
- In February 2024, Herbalife launched its latest innovation, the Herbalife GLP-1 Nutrition Companion, introducing a new series of food and supplement product combinations.
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