WEIGHT MANAGEMENT MARKET REPORT
The weight management ingredients, for example, the L-carnitine market is anticipated to increase at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028 to reach USD 276.0 million by 2028. The market is seeing a high growth due to a rising health-conscious consumer base, a growing number of product launches containing L-carnitine, and growing demand from the animal feed industry.
Source: Grand View Research
Besides that, a market research report suggests the global vegan protein supplement market will demonstrate a CAGR of 7.48% from 2017 to 2025. With the growing interest in ketogenic diets, new food and beverage products launched with keto claims grew 76% from 2016 to 2017. Protein-based MCT uses a proprietary microencapsulation process to solve the application difficulties for vegetarian and vegan-friendly consumers.
Growing usage of L-carnitine, plant-based protein, and other similar weight management supplementation for post-workout recovery and especially weight loss is predicted to drive the market over the forecast period.
Recent Market Factors
1. The epidemic situation
The domestic epidemic situation is grimly appearing in 29 provinces and cities due to the high contagion of Omicron variant. Recently, the number of infected people in Shanghai has reached a new peak, and the epidemic prevention and control measures have been upgraded, which has had a great impact on the economic activities of the whole society.
Shanghai is a very important node in the global supply chain. The “closed-loop management of ports poses a negative impact on the short-term logistics of the supply chain. Therefore, we need to continue to focus on the epidemic situation changes in key raw material supply areas and key customer areas and then give feedback at any time.
2. War between Russia and Ukraine
This month, the Russia-Ukraine situation has fermented and continued to lead to a higher price in crude oil, natural gas, non-ferrous metals, and some semiconductor raw materials. Meanwhile, global food prices have risen sharply due to the war. The US, the EU, and other countries as well as some organizations have announced economic and financial sanctions against Russia. It has become a consensus that the global economy has been negatively impacted. Specifically, the orders from our Russian and Ukrainian customers have been delayed.
3. Low production capacity in the national chemical industry
The National chemical industry is facing a reduction in production capacity, and the price of epichlorohydrin and the main raw material of L-carnitine are still on the rise.
4. The 14th Five-Year for healthy aging
Together with 15 departments, the national committee issued the aim of “planning difference” and “healthy aging” including the goal to improve the physical and mental health of senior citizens. Meanwhile, it is dedicated to making the health care service system more efficient and advanced, deepening the development of integrated medical services, and promoting the development of healthy aging technology.
5. The construction of a unified national market
The State Council issued the statement on speeding up the construction of a unified national market, which is the basic support and internal requirement for building a new development pattern. It mainly includes:
- Strengthening the unification of basic market system rules
- Promoting high-standard interconnection of market facilities
- Creating a unified market of factors and resources
- Promoting high-level unification of commodity and service markets
- Promoting fair and unified market supervision, etc.
So as to promote the transformation of the Chinese market from big to strong, and provide strong support for building a high standard market system and a high-level socialist market economic system.
Representative Products: I-BIOMAX CLA&MCT
1. I-BIOMAX CLA powder
I-BIOMAX’s rice protein CLA powder is a kind of conjugated linoleic acid triglyceride from safflower seed oil and rice protein, the form is flowable powder in yellow or white and the shelf life is more than 2 years. The ingredients of CLA powder can be customized, mainly including MCT, maltodextrin rice protein, and so on. It has anti-oxidation, good dispersibility, good instant solubility, and strict control of any harmful substance’s features.
2. I-BIOMAX MCT powder
I-BIOMAX’s MCT powder is a kind of medium chain triglyceride from coconut or palm kernel oil, blended with rice protein. The form is flowable powder in yellow or white and the shelf life is more than 2 years. The ingredients of MCT powder can be customized, mainly including MCT, maltodextrin rice protein, and so on. It has good anti-oxidation, good water solubility, low-temperature stability, high ductility, and low viscosity features.
3. Features in weight loss
The key function of I-BIOMAX’s CLA and MCT powder mainly features in weight loss, they can promote calorigenic action and fat oxidation, to effectively inhibit the deposition and accumulation of subcutaneous fat, and finally lose weight.