Weighing in: Demand for high-quality meal replacement products will keep the industry afloat

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...read more.

Industry Statistics & Market Size
Revenue
$269m
Annual Growth 13-18
-5.3%
Forecast Growth 18-23
Profit
Employment
3,437
Businesses
1,222
Market Share of Companies

Industry Threats & Opportunities

  • The industry has benefited from robust demand for its meal replacement products
  • A low level of external competition has characterized the industry’s landscape
  • External competition is expected to increase
  • Industry Report - Industry Products Chapter

    Meeting feesService revenue derived from meeting fees account for the majority of total revenue. In 2018, meeting fees are expected to generate 81.5% of industry revenue. To appeal to consumers that are increasingly technologically savvy, some weight loss companies have increasingly offered meetings over the phone, text and e-mail, although e-mails are included in the internet fees product segment. However, some individuals still prefer the community support networks that occur through face-to-face meetings. According to Weight Watchers International Inc., in a study of women trying to lose weight, meetings significantly helped participants control their eating and choose more low-calorie options. Ove...purchase to read more.

    Additional Insights for the Weight Loss Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Weight Loss Services Industry are

  • Ability to provide goods/services in diverse locations
  • Receiving the benefit of word of mouth recommendation
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Total health expenditure in the Weight Loss Services industry impact industry performance..

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    What's in this report

    What is the Weight Loss Services Industry?

    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.

    Industry Products
  • Meeting fees
  • In-meeting product sales
  • Other fees
  • Industry Activities
  • Operating nonmedical weight loss centres
  • Individual or group counselling for weight loss
  • Diet workshops
  • Selling food supplements and other weight reduction products
  • Menu and exercise planning
  • Weight and body measurement
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Total health expenditure
  • Demand from general medical and surgical hospitals
  • National unemployment rate

  • Current Performance
  • Industry landscape
  • Expanding customer base
  • External competition increases
  • Chart: Revenue Growth

  • Industry Outlook
  • External competition
  • Enterprises and employment
  • Table: Weight Loss Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Weight Loss Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Advertising Agencies in Canada
  • Couriers & Local Delivery Services in Canada
  • Frozen Food Production in Canada

  • Products & Services
  • Meeting fees
  • In-meeting product sales
  • Other fees
  • Chart: Weight Loss Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 50 to 64
  • Individuals aged 35 to 49
  • Individuals aged 18 to 34
  • Individuals aged 65 and over
  • Chart: Major Market Segmentation for the Weight Loss Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilities and other
  • Chart: Cost Structure Benchmarking – Sector vs Weight Loss Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Weight Loss Services Industry

  • Industry Globalization
    WW Inc.,
  • Table: WW Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Weight Loss Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Weight Loss Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Body Mass Index (Bmi)
  • A measure of body weight based on a person's weight and height, which is used to estimate a healthy body weight.
  • Gastric Balloon Procedure
  • A doughnut-shaped inflatable polyurethane cylinder designed to decrease stomach volume and help lower hunger.
  • Gastric Bypass
  • Surgery that lowers the patient's stomach size, helping obese patients restrict their food intake.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Weight Loss Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Weight Loss Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Weight Loss Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Weight Loss Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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