Market Overview
Weight loss ingredients comprises of proteins, polysaccharides, fatty acids, alkaloids, phytosteroids, organic compounds, and others. They serves as a source in prevention from factors which leads to obesity and other body weight related disorders. Among all, polysaccharides like PUFA is being majorly used ingredient for fat burning and it helps in reducing body weight and unnecessary fat deposition. Increasing prevalence of diseases, for instance, obesity, has increased the application of weight loss ingredients in various industries such as dietary supplements, pharmaceuticals, functional food & beverages, and others.
Market Forecast
Weight loss ingredients are serving as a source in reduction and management of body weight and prevents human body from disorders like obesity and unnecessary body fat deposition. Continuously increasing obesity and other body weight related issues across the globe has turned up an opportunity for supplements and functional food and beverage industry to include weight loss ingredients in their products, which is driving the growth of the weight loss ingredients market.
Increasing health awareness among the consumers is adding fuel to the growth of the weight loss ingredients market. Additionally, high preference towards functional food and beverages is increasing the demand for the weight loss ingredients. However, defined stringent laws in the use of weight loss ingredient in certain food & beverages may hinder the market growth. Nevertheless, all these factors are projected to contribute to the estimated CAGR of 10.3% of weight loss ingredients market during the forecast period 2017-2023.
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Downstream Analysis
Weight loss ingredients are segmented on the basis of the source, which includes proteins, polysaccharides, fatty acids, alkaloids, phytosteroids, organic compounds, and others. Among all, proteins embraces the major market portion followed by fatty acids. The primary reason for growth of these two segment is their extensive use in food and beverages supplements used as a weight loss ingredient.
On the basis of ingredient function, the weight loss ingredients market is segmented in fat burner, appetite suppressant, absorption inhibitor, metabolic booster, and others. In this segment, weight loss ingredient used as a fat burner is leading the market followed by metabolic booster. The foremost 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 into dietary supplements, functional foods, functional beverages, and others. Among all the applications, dietary supplements is dominating the market because of rising health awareness of body weight in the population. Nevertheless, the demand for functional food & beverages is expected to experience a high demand owing to health benefits associated with the consumption of weight loss Ingredients.
Competitive Analysis
The major players in the weight loss ingredients market
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.)
Ingredion Incorporated (U.S.)
Regional Analysis
The global weight loss ingredients market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). In the global weight loss ingredients market, North America is dominating the global market followed by Europe. Europe is accounted for a greater consumption of weight loss ingredients in form of supplements and functional food, due to increasing rates of obese population and other chronic diseases. Additionally, high demand for weight loss ingredients in functional food & beverages industry is considered to be significant driving factor in this region.
Furthermore, increasing consumer awareness and high demand for functional food & beverages supplemented with weight loss ingredients in European countries like the U.K. and France, the weight loss ingredients market is expected to grow steadily in European region.
Market Segmentation
The global weight loss ingredients market is segmented on the basis of source, function, application and region.
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