Weight Loss Ingredients Market is projected to grow at a CAGR of 10.3% over the forecast period. The amount of population suffering from obesity and unnecessary fat deposition is growing periodically, which is a great worry among the increasing population. The key risk factors for obesity is excessive food intake, lack of physical movement, and genetic vulnerability. All of these problems can be prevented through weight loss ingredients like proteins (soy, whey), inulin, PUFA, caffeine, phytosterols, niacin, and others. Weight loss ingredients have application in many industries such as dietary supplements, functional food & beverage, pharmaceuticals, and others.
Europe is expected to show a higher growth rate in the weight loss ingredients market over the forecast period 2017-2023. In Europe, the U.K. and France are majorly contributor to the weight loss ingredients market. Rising problem of obesity and body weight related disorders among the growing population is driving the growth of the weight loss ingredients market in this.
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Furthermore, the shifting lifestyle and consumption pattern is showing inclination towards healthy diet, which is boosting the progress of European weight loss ingredients market. However, due to non-existence legal explanations for the use of weight loss ingredients, regulatory authorization for supplements and functional products tends to get delayed, which may obstruct the weight loss ingredients market. Considering all these factors the European market is e xpected to grow at a CAGR of 10.0% during the forecast period 2017-2023.
Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major weight loss ingredients players. It further includes product portfolios, developments of leading players, which includes
- BENEO-Palatinit GmbH (Germany)
- Atkins Nutritionals, Inc. (U.S.)
- DSM Nutritional Products (Netherlands)
- Cargill Health & Nutrition (U.S.)
- Glanbia Plc (Ireland)
- Herbalife International, Inc. (U.S.) and
- Ingredion Incorporated (U.S.)
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North America is the leading consumer of soy and whey protein as an ingredient for dietary supplements.
Food & beverage industry is major consumer of the product
Weight loss ingredients are segmented on the basis of the source, which includes proteins, polysaccharides, fatty acids, alkaloids, phytosteroids, organic compounds, and others. The proteins segment holds the major market share followed by fatty acids owing to their usage in wide range of product such as food and beverages supplements.
On the basis of ingredient function, the weight loss ingredients market is segmented into fat burner, appetite suppressant, absorption inhibitor, metabolic booster, and others. In this segment, the weight loss ingredients are used as a fat burner, which is dominating the market followed by metabolic booster. The major reason for growth of this segment is approval of PUFA from the regulatory authority for being used as a weight loss ingredient.
On the basis of application, the weight loss ingredients market is segmented in dietary supplements, functional foods, functional beverages, and others. Among all the applications, dietary supplements is dominating the market due to rising health awareness regarding body weight in the population. However, the demand for functional food & beverages is anticipated to experience a high demand owing to health benefits associated with the consumption of weight loss Ingredients.
The global weight loss ingredients market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the weight loss ingredients market followed by Europe. Europe is a major consumer of weight loss ingredients in form of supplements and functional food products due to rising prevalence of obesity and other chronic diseases. Furthermore, high demand for weight loss ingredients in functional food & beverages industry is considerd to be key driving factor in this region.
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Moreover, increasing consumer awareness and growing demand for functional food & beverages supplemented with weight loss ingredients in European countries like the U.K. and France, a strong growth is anticipated in the weight loss ingredients market in European region.
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