Plant-Based Fat Burning Supplements Market Size (2023 - 2030)

The Global Plant Based Fat Burning Supplements Market is estimated to be worth USD 7.34 Billion in 2022 and is projected to reach a value of USD 11.52 Billion by 2030, growing at a CAGR of 5.8% during the forecast period 2023-2030.

The market for plant-based fat-burning supplements has significantly increased in recent years as people search more and more for natural and environmentally friendly solutions for their health and well-being requirements. Growing knowledge of the health advantages of plant-based diets and worries about the environmental effects of animal-based goods have fuelled this movement. Supplements that burn fat in the body are known as plant-based fat Burnings. These are goods that assist customers in losing weight. Natural materials including herbs, fruits, and vegetables are typically used to make these supplements. Capsules, powders, and liquids are just a few of the several forms they come in. Plant-based diets have been proven to be successful in weight reduction, and many customers are looking for natural supplements to aid in their weight loss efforts. Plant-based diets are also seen as healthier and as more sustainable than animal-based diets, fueling demand for plant-based supplements even more. Furthermore, there is a rising understanding of the health advantages of various plant-based substances. Green tea extract, for example, has been proven to stimulate metabolism and aid in Fat-Burning, whilst cayenne pepper has been demonstrated to increase thermogenesis, which aids in calorie burn. When customers become more aware of the unique advantages of certain compounds, they are more inclined to seek out goods that contain them. The market for plant-based fat-burning supplements is very competitive, with a large choice of products available from both established companies and new entrants. Companies are increasingly concentrating on generating novel goods that employ unique and highly effective ingredients to stand out in this competitive sector.

Further, there has been an increase in demand for plant-based Keto products such as Keto bars and biscuits. They help in reducing weight and maintaining a balanced diet. Additionally, many companies are producing flavored plant-based fat-burning supplements that aid in weight loss as well as suit the consumer's taste buds.

Global Plant-Based Fat Burning Supplements Market Drivers:

The popularity of plant-based diets boosts the growth of the market:

One of the key market drivers for supplements that burn fat manufactured from plants is the growing popularity of plant-based diets. Plant-based diets are gaining popularity as consumers become more aware of the advantages they have for their health and the environment when they eat meals made from plants. As plant-based diets are commonly associated with shedding pounds and improving health, they are becoming more and more popular. The number of consumers adopting plant-based diets is increasing, and as a result, they are looking for plant-based supplements to aid in their weight loss goals. Supplements that help people lose weight and improve overall well-being are a fantastic match for this market since they offer a safe, long-term solution.

Increasing awareness of the health benefits of specific plant-based ingredients drives market growth:

The growing knowledge of the health advantages of particular plant-based substances is another major factor driving the market for fat-burning supplements made from plants. Several plant-based substances, including green tea extract, cayenne pepper, and Garcinia Cambogia, have been demonstrated to have qualities that aid in weight loss and Fat-Burning. Further, there has been an increase in GMO-free supplements that do not contain artificial colors and flavors. Customers are more inclined to seek out items that contain these substances as they become more aware of their special advantages. This has caused a rise in the number of supplements for burning fat made from plants that include these chemicals as essential parts of their formulae.

Global Plant-Based Fat Burning Supplements Market Challenges:

The lack of regulation and quality control impedes the growth of the market:

The absence of regulation and quality control is one of the biggest issues the market for supplements that burn fat from plants is now experiencing. Dietary supplements are not scrutinized to the same extent as medications, which are subject to stringent testing and regulation. Consumers may find it challenging to determine whether items are reliable and efficient as a result. There have been reports of plant-based fat-burning pills having hazardous compounds, useless components, or both. These occurrences have the potential to reduce customer confidence in the market and make it more challenging for honest businesses to compete.

Competition from traditional weight loss products restrains the market growth:

Another challenge facing the plant-based fat-burning supplements market is competition from traditional weight loss products. While plant-based supplements are becoming increasingly popular, they still face competition from established weight loss products, such as appetite suppressants, fat blockers, and meal replacement shakes. These products often have larger marketing budgets and established brand recognition, making it more difficult for newer companies in the plant-based space to gain traction.

COVID-19 Impact on Global Plant-Based Fat Burning Supplements Market:

The COVID-19 pandemic has affected the market for plant-based fat-burning products in both positive and bad ways. On the one hand, the pandemic has increased awareness of health and wellness. As a result, many people are turning to supplements to enhance their immune systems and general health. Due to this, demand for plant-based supplements—including those meant to aid in weight reduction and Fat-Burning—has surged. Yet, the pandemic has also hampered supply chains, caused shipping delays, and resulted in ingredient shortages, making it more challenging for businesses in the market for plant-based fat-burning products to satisfy demand. Additionally, the economic impact of the pandemic has led some consumers to reduce their spending on non-essential products, which impacted sales negatively.

Global Plant-Based Fat Burning Supplements Market Recent Developments:

• In November 2022, Jollywell, an online nutraceutical brand launched a new range of products called – clean plant-based supplements. The new launch consists of 5 products namely- Fit Liver, Happy Gut, Calm Sleep, Bone Strong, and Meta Boost. Furthermore, all these products are GMO certified, expanding the market base for Jollywell in the organic and plant-based supplements market.

• In March 2021, My Muscle Chef (MMC), a food company launched plant-based Keto-Bars for a healthy diet. These bars are available in six flavors – Choc Chip Cookie Dough, Lemon & Coconut, Salted Caramel, Honeycomb, Choc Berry Crunch- Chewy, and Choc Mint. Further, these bars contain over 10kg of protein, low sugar, and low calories for maintaining a balanced body.

• In September 2020, Impact Snacks, a plant-based snack brand launched a line of nutrition bars, which contained plant-based ingredients. These bars are available in two flavors – dark chocolate and iced caramel latte with functional ingredients such as pea protein, maca, and kale.

PLANT-BASED FAT BURNING SUPPLEMENTS MARKET REPORT COVERAGE:

Global Plant-Based Fat Burning Supplements Market Segmentation: By Product 

• Capsules and Tablets

• Powdered Supplements

• Liquid Supplements

• Bars and snacks

Based on current market trends and consumer preferences, it is estimated that the powdered supplements segment will continue to grow the most in the plant-based fat-burning supplements market. This is due in part to the convenience and versatility of powdered supplements, which can easily be added to smoothies, shakes, or other beverages for a quick and easy way to support weight loss and fat-burning goals. Moreover, these include green tea extracts and pea protein that helps to boost metabolism and L-carnitine for mobilizing fat stores. Capsule supplements are a popular form of plant-based fat-burning supplements. They are easy to take and typically contain a combination of natural ingredients such as green tea extract, caffeine, and garcinia cambogia extract. In addition to that, a growing trend among fitness enthusiasts can be seen for gluten-free plant-based capsules. Tablets are similar to capsules and are another common form of plant-based fat-burning supplements. Liquid supplements are available in the form of drops or tinctures and are typically consumed by adding them to water or other beverages. Furthermore, an increase in demand can be witnessed for vegan gels and jellies that serve as a sports nutrition supplement, liquid shots with fruit extracts that boost immunity and provide a balanced diet, plant-based milkshakes containing soy and almond provide fiber, proteins, vitamins, and minerals that help to keep the stomach full and reduce weight.

Global Plant-Based Fat Burning Supplements Market Segmentation: By Distribution Channel

• Online Retails

• Supermarket

• Fitness Center

• Pharmacies

The online retail segment is likely to continue to grow most significantly in the plant-based fat-burning supplements market, as more consumers turn to e-commerce for their shopping needs. The convenience and ease of online shopping, combined with the ability to easily compare products and prices, has made online retail a popular choice for consumers in a variety of industries, including health and wellness.

Health food stores are another common distribution channel for plant-based fat-burning supplements. These stores typically carry a variety of dietary supplements, including plant-based fat Burnings.

Supermarkets are a mainstream distribution channel for plant-based fat-burning supplements. Direct selling is another distribution channel used by some plant-based fat-burning supplement companies.  Drugstores and pharmacies are also common distribution channels for plant-based Fat-Burning supplements.

Global Plant-Based Fat Burning Supplements Market Segmentation: By Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

The Asia-Pacific region is likely to experience the highest growth in the plant-based fat-burning supplements market. This can be attributed to several factors, including the growing middle class and increasing disposable income, which has led to a greater focus on health and wellness among consumers in the region. Additionally, there is a strong cultural tradition of using natural remedies and herbs for health and well-being in many Asian countries, which has created a receptive market for plant-based supplements.

North America and Europe are also anticipated to see growth in the plant-based fat-burning supplements market, as consumers in these regions continue to prioritize natural and plant-based products for their health and wellness needs. The growing awareness of the health benefits of plant-based diets and the desire for sustainable and ethical products are also contributing to the growth of the plant-based supplements market in these regions.

Latin America, the Middle East, and Africa are estimated to see more moderate growth in the plant-based fat-burning supplements market, largely due to lower disposable incomes and less developed health and wellness markets in these regions.

Global Plant-Based Fat Burning Supplements Market Key Players:

1. Amway

2. Nestle Health Science

3. Herbalife Nutrition

4. NBTY Inc. (Nature's Bounty Co.)

5. Nutrisystem Inc.

6. Atkins Nutritionals Inc.

7. General Nutrition Centers, Inc. (GNC)

8. Now Foods

9. SlimFast

10. MusclePharm Corporation