Market revenue in 2024 | USD 908.4 million |
Market revenue in 2030 | USD 1,837.1 million |
Growth rate | 12.5% (CAGR from 2024 to 2030) |
Largest segment | Powder |
Fastest growing segment | Pills |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Liquid, Powder, Softgels, Pills |
Key market players worldwide | Glanbia PLC, Abbott Laboratories, Nestle SA, The Kraft Heinz Co, PepsiCo Inc, Ajinomoto Co Inc, GSK PLC ADR, Herbalife Ltd, WK Kellogg Co, Amway Malaysia Holdings |
Powder was the largest segment with a revenue share of 37.66% in 2024. Horizon Databook has segmented the Spain weight loss supplements market based on liquid, powder, softgels, pills covering the revenue growth of each sub-segment from 2018 to 2030.
Spain is one of the countries with a high consumption of food supplements, especially vitamin and mineral supplements. The market in the region is anticipated to witness high growth in the coming years due to the rising popularity of personalized nutrition.
Furthermore, the consumption of supplementation products across the country is rising. According to an article published by the MAPFRE in May 2021, up to 75% of individuals consume some kind of nutritional supplements, and most of them are prescription-based.
Thus, the increasing demand for nutritional supplements across the country is anticipated to drive the demand for weight loss supplements. Furthermore, various players, such as Danone, THETENTHCO.COM, and shopping websites such as Ubuy Co., offer weight loss supplements in Spain. Moreover, companies are expanding their product portfolios and presence across the country, which is expected to drive market competition.
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