$3.5bn
$XXX.Xm
19,505
1,341
$XXX.Xm
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 has stolen consumers. Industry-wide revenue declined at a CAGR of 2.9% to $3.5 billion, falling 0.1% in 2024 alone. As a result, industry profit declined at a similar rate throughout 2024.
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated $3.5bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Medifast, Inc. | 948.4 | 128.6 | 13.6 | |
Ww International, inc. | 827.6 | 97.9 | 11.8 | |
Nutri System Inc. | 613.2 | -8.0 | -1.3 |
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Industry revenue is measured across several distinct product and services lines, including Digital subscriptions, In-person consultation subscriptions and In-meeting product sales. Digital subscriptions is the largest segment of the Weight Loss Services in the US.
Digital subscriptions are surging, becoming the new normal
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 doesn't include fitness centers, health resorts and spas, or medical and surgical weight-reduction services.
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NAICS 812191 - Weight Loss Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The long-lasting impacts of COVID-19 compromised performance as consumers, familiar with remote technology and communication, were exposed to substitute products and services....
Learn about an industry's products and services, markets and trends in international trade.
Digital subscriptions increasingly replace in-person services due to their convenience and flexibility. Digital platforms and mobile technology offer diverse pricing options,...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
California’s numerous weight loss establishments indicate a focus on weight maintenance. Despite one of the nation's lowest obesity rates, Californians purchase weight loss a...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Dominant firms are likely to remain influential as they embrace emerging technologies such as AI, VR and telemedicine. These advancements could transform weight loss services...
Learn about the performance of the top companies in the industry.
Weight loss services are highly concentrated, with three leading companies generating most of the industry revenue. This market structure highlights the dominance of a few ke...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
COVID-19 regulations accelerated future trends. Government-mandated lockdowns altered economic conditions for individuals and increased reliance on online video communication...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Marketing plays a crucial role for companies offering niche services. Marketing budgets differ by company size and season; however, small online services targeting niche audi...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Weight Loss Services in the US industry in United States is $3.5bn in 2024.
There are 1,341 businesses in the Weight Loss Services in the US industry in United States, which has grown at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Weight Loss Services in the US industry in United States has been declining at a CAGR of 2.9 % between 2019 and 2024.
Over the next five years, the Weight Loss Services in the US industry in United States is expected to decline.
The biggest companies operating in the Weight Loss Services market in United States are Medifast, Inc., Ww International, inc. and Nutri System Inc.
Digital subscriptions and In-person consultation subscriptions are part of the Weight Loss Services in the US industry.
The company holding the most market share in United States is Medifast, Inc..
The level of competition is high and increasing in the Weight Loss Services in the US industry in United States.