Weight Loss Supplement Industry Statistics

The global dietary supplements market size was estimated at usd 123 28 billion in 2019 and is projected to expand at a cagr of 8 2 during the forecast period.

Weight loss supplement industry statistics. Within that industry commercial weight loss services are where most franchise opportunities exist. In 2015 a study in drug testing and analysis revealed that six weight loss supplements produced by hi tech pharmaceuticals contained r beta methylphenethylamine bmpea a compound molecularly similar to amphetamines according to stat it took just two weeks after publication for the fda to demand a recall. Global market intelligence 2018 2028 july 2020 4250 weight loss and weight management diet market by product type and sales channel.

Global weight loss supplement industry october 2019 4950 weight loss ingredients. Nowadays the bmpea is classified by the fda as a substance that does. However governments in various countries have implemented stringent regulations for market players in weight loss and weight management diet industry.

They focus on specific diet plans meals and support networks and earned 6 3 billion in 2015. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand. With this greater context in mind the weight loss industry as a whole was a 64 billion market in 2014.

London business wire technavio has been monitoring the weight loss supplement market and it is poised to grow by usd 1 33 billion during 2020 2024 progressing at a cagr of over 5 during the. Global opportunity analysis and industry forecast 2021 2027 june 2020 3961.