Weight Loss Services in Canada
The Weight Loss Services industry has struggled to appeal to the growing number of overweight or obese individuals amid rising external competition and changing consumer preferences. Additionally, the industry has experienced mounting external competition, namely from community, surgical, primary healthcare and hospital-based programs, including nutritional and physical activity counselling. Weight loss and fitness applications also increased in popularity during the period by offering free and convenient substitutes for industry services. Over the five years to 2018, industry revenue is expected to decline. Over the five years to 2023, industry revenue is forecast to rise modestly.
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.