About Herbal Weight Loss Products
Obesity is one of the complex disorder states that is penetrating through the millennium and is becoming a major concern nowadays. Hence in order to avoid obesity and help towards weight loss programs, many companies are produced herbal weight loss products. These weight loss products help to reduce weight through natural procedures with no side effects. These products come in various form pills, supplements or syrup. Herbal weight loss products have become necessary for reducing obesity. For instance, as per the National Centre for Biotechnology Information (NCBI), if the trend continues to walk in then an estimated 38% of world population will be overweighted by the end of 2030. Increasing weight management program coupled with a busy lifestyle of people are constantly driving the herbal weight loss products.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.9% |
The market for herbal weight loss products is highly fragmented with a large number of international as well as regional players which are continuously trying to manufactures different kinds of herbal products. The key vendors are doing a merger as well as acquisition so that they can maintain the completion in this market Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Herbal Weight Loss Products market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Arizona Natural Products (United States), ARKOPHARMA Laboratories Company Limited (France), Bio-Botanica, Inc. (United States), Bionorica SE (Germany), Blackmores Ltd. (Australia), Gaia Herbs, LLC (United States), Glanbia plc (Ireland), Herb Pharm, LLC (United States), Herbalife International of America, Inc. (United States), Hevert Arzneimittel GmbH & Co KG (Germany), Himalaya Drug Company (India), i-Health, Inc. (United States) and Indfrag Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Jemo-pharm A/S (Denmark), Natures Aid Ltd. (United Kingdom), Nature's Answer (United States), Nature's Bounty, Inc. (United States), Solgar Inc. (United States), Sundown Naturals (United States), NaturaLife Asia Co., Ltd. (South Korea), Nature's Sunshine Products, Inc. (United States), Nature's Way Products, Inc. (United States) and New Chapter, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Herbal Weight Loss Products market by Type (Tablet, Syrup and Supplements), Application (Fitness Centers, Online Sales, Pharmacies and Hyper Markets) and Region.
On the basis of geography, the market of Herbal Weight Loss Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pills and Supplements, the sub-segment i.e. Garnicia Cambogia will boost the Herbal Weight Loss Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Disposable Income, Improving Healthcare Infrastructure, and the Emerging Medical Tourism Industry across the World
Market Growth Drivers:
Rising Number of Overweight Patients Globally and Desire among Women’s to enhance their Beauty and Physical Appearance
Challenges:
Presences of Other Alternatives in Market Such as Gym and Dieting and Major Concern Regarding Less Knowledge about these Products Coupled with Low-Income Countries Such as Africa
Restraints:
High Expenses of Herbal Weight Loss Products and Strict Regulatory Guidelines for the Food and Shifting of the Consumer Interest towards the Healthy Products
Opportunities:
Growing Awareness of Health and Treatments, Augmented Spending On Healthcare and Demand for Treatments and Rising Awareness of Adverse Health Effects Related to Overweight Weight Problems
Market Leaders and their expansionary development strategies
In July 2023, Herbalife, a prominent name in the herbal weight loss industry, signed a partnership with Cristiano Ronaldo, the star footballer, to promote its active lifestyle products.
In August 2023, Nature's Truth, a major retailer of natural supplements, launched a new line of green coffee bean extract products aimed at weight management.
Key Target Audience
Pharmaceutical Companies, Biotechnological Institutes, Government and Private Laboratories, Research and Development (R&D) Companies, Medical Research Laboratories and Market Research and Consulting Service Providers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.