Weight Loss Services in the US - Industry Market Research Report

Going the distance: Weight loss service providers will benefit from the familiarization with virtual technology

Weight loss service providers confront intense competition in a highly saturated and concentrated business environment. Proprietary diet plans have existed for decades, with significant industry players established as far back as the early 1960s. Company performance is influenced by domestic population growth, favorable economic conditions and health factors (obesity rate, healthy eating index). Despite the favorable economic conditions following COVID-19, competition from substitutes had stolen consumers. Apart from a spike in revenue in 2023 of 1.9%, industry-wide revenue declined at a CAGR of 2.8% to $3.8 billion through 2023 while profit held strong.

Weight loss service providers offer 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's key players and their market shares.