The U.S. weight reduction market has grown 16% from 2020, to $75 billion, recovering a lot of the bottom misplaced to the Covid-19 pandemic. Nonetheless, many opponents have needed to shift to digital supply of providers, modified their working fashions, and are simply now recovering from provide chain disruptions.
A part of the load loss market was hit arduous in 2020. Buyer exercise and revenues at medical weight reduction packages primarily based in hospitals, franchises and regional chains, and doctor places of work plummeted, as did weight reduction surgical procedures. Nonetheless, there have been brilliant spots, particularly: frozen weight-reduction plan dinners, weight-reduction plan delicate drinks, and the prescription weight problems medication market.
The market could also be coming into a brand new period targeted on medical approaches, as a brand new era of prescription weight problems medication from Novo Nordisk, Eli Lilly and others hit the market. Many physicians are including these semaglutide manufacturers equivalent to Wegovy, Ozempic, Saxenda and Mounjaro to their packages, and even Weight Watchers is now offering a medical plan.
Prime 6 Issues to Know In regards to the U.S. Weight Loss Market
- The U.S. weight reduction market was estimated to be value $75.5 billion in 2022, rising 6.4% this 12 months, to $80.4 billion.
- Revenues of the key business weight reduction chains equivalent to WW, NutriSystem, Jenny Craig, Medifast and others had been up 3.6% final 12 months to $4.6 billion. Gross sales fell 14% at Weight Watchers and Medifast gross sales slowed to a 4.8% achieve.
- Medical weight reduction packages, together with surgical procedures, had been valued at $8.8 billion, with main progress coming from the Rx weight problems medication market, which almost doubled to $1.56 billion because of the excessive demand for brand spanking new semaglutide medication. These meds are costly, about $1,100 monthly, however some shoppers are prepared to pay.
- Revenues of well being & health golf equipment took a significant hit in 2020, declining by 37% from $35 billion to $22 billion, as a result of pandemic-related closures. This sector has emerged as a smaller business,
- Multi-level advertising and marketing corporations represent a significant pressure within the weight reduction market, with the highest 8 companies accounting for $3.4 billion in 2020 gross sales. Included on this group are Medifast, Herbalife, Shaklee, BeachBody, AMWAY, USANA, Isagenix and extra.
- Meal replacements and retail weight reduction dietary supplements (fat burners) comprise a $4.9 billion market, in style amongst DIY dieters. Nonetheless, the MLM channel was harm as a result of provide chain disruptions and the lack of coaches/distributors to satisfy shoppers in particular person.
The place to Be taught Extra
For extra info on the load loss market, remember to try the bestselling research The U.S. Weight Loss & Weight loss plan Management Market, probably the most complete investigation of the U.S. weight reduction market printed by anybody worldwide.
This report covers: greenback worth & progress charges of all main weight reduction market segments (early Nineteen Eighties to 2022 and 2023 & 2027 forecasts), newest market tendencies and developments, and standing stories for: weight-reduction plan delicate drinks, synthetic sweeteners, well being golf equipment, business weight-reduction plan middle chains, multi-level advertising and marketing weight-reduction plan plans, retail meal replacements & weight reduction dietary supplements, medical packages (weight reduction surgical procedure, MDs, hospitals/clinic packages, Rx weight-reduction plan medication, bariatricians, VLCD packages), low-cal frozen entrees, and the weight-reduction plan books & train DVDs market.
In regards to the Writer:  John LaRosa is the President of Marketdata LLC and is the writer of 100+ business and market research. His analysis seems in prime media retailers together with ABC, CNN, Fox, Forbes, USA As we speak, The Wall Avenue Journal, The New York Instances, and a wide range of commerce journals.Â
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