Weight Loss Services in the US - Industry Market Research Report

Weight Loss Services in the US - Industry Market Research Report

  • June 2020 •
  • 37 pages •
  • Report ID: 199205 •
  • Format: PDF
Exercise caution: Operators will contend with rising competition from DIY apps and websites

Abstract

Weight Loss Services in the US
Over the five years to 2019, the Weight Loss Services industry benefited from the growing number of overweight or obese US citizens. However, industry operators contended with rising competition from do-it-yourself weight loss apps and nutrition plans, which cut into industry revenue growth. Further exacerbating this trend, many clinics and hospitals offer similar services, including nutrition programs, exercise planning and counseling, constraining potential revenue growth. Individuals may bypass weight loss services and opt to use less costly alternatives. Furthermore, as consumers continue to increase their participation in sports and consume more nutritious meals, there may be less demand for weight loss services.

Companies in this industry provide nonmedical services to clients and assist them with losing or maintaining a desired weight. Services typically include individual or group counseling, menu and exercise planning, and weight and body measurement monitoring. Industry operators may also sell food supplements and other weight-reduction products. This industry does not include fitness centers, health resorts and spas, or medical and surgical weight-reduction services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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