Feeling healthy: An increasing adult obesity rate and a recovering economy are expected to be the main drivers of industry performance
Weight loss services providers in Canada have struggled to appeal to the growing number of overweight or obese individuals due to rising external competition and an increase in the national unemployment rate from the COVID-19 pandemic in 2020 and 2021. However, some consumers were more willing to purchase the industry's ancillary products, such as supplements and meal replacements. A larger percentage of the Canadian population was more reluctant to purchase industry services due to the increase in economic uncertainty. As a result, industry revenue has been declining at a CAGR of 7.2% over the past five years and is expected to total $411.6 million in 2023, when revenue will jump an estimated 0.2%.
The Weight Loss Services industry in Canada provides nonmedical services to help clients lose weight or maintain a desired weight. Services include counselling, menu and exercise planning and weight and body measurement monitoring. Industry operators also sell food supplements and other weight reduction products. This industry does not include fitness centres, health resorts or medical weight education 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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- WW International Inc.
Methodology
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