Over the five years to 2017, the Weight Loss Services industry has struggled to appeal to the growing number of overweight or obese individuals, in part due to external competition, namely from healthcare providers. However, the industry has benefited from robust demand for its meal replacement products, which typically appeal to time-strapped consumers due to convenience. Further strengthening demand, some health-conscious consumers have also used meal replacements and vitamins to supplement their nutritional intake, providing a new customer base for the industry. Over the five years to 2022, continued sales of such products, as well as a burgeoning elderly population and increasingly health-conscious population, will help the industry return to a rate of growth.
This industry 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.