A part of the burden loss market was hit exhausting in 2020. Buyer exercise and revenues at medical weight reduction packages based mostly in hospitals, franchises and regional chains, and doctor workplaces plummeted, as did weight reduction surgical procedures. Nevertheless, there have been shiny spots, particularly: frozen food plan dinners, food plan mushy drinks, and the prescription weight problems medicine market.
The market could also be coming into a brand new period targeted on medical approaches, as a brand new technology of prescription weight problems medicine from Novo Nordisk, Eli Lilly and others hit the market. Many physicians are including these semaglutide manufacturers reminiscent of Wegovy, Ozempic, Saxenda and Mounjaro to their packages, and even Weight Watchers is now offering a medical plan.
High 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 yr, to $80.4 billion.
- Revenues of the most important business weight reduction chains reminiscent of WW, NutriSystem, Jenny Craig, Medifast and others had been up 3.6% final yr 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 medicine market, which almost doubled to $1.56 billion as a result of excessive demand for brand new semaglutide medicine. 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, because of pandemic-related closures. This sector has emerged as a smaller trade,
- Multi-level advertising corporations represent a significant drive within the weight reduction market, with the highest 8 corporations 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 (weight loss supplements) comprise a $4.9 billion market, fashionable amongst DIY dieters. Nevertheless, the MLM channel was damage because of provide chain disruptions and the lack of coaches/distributors to satisfy shoppers in individual.
The place to Be taught Extra
For extra data on the burden loss market, you’ll want to take a look at the bestselling examine The U.S. Weight Loss & Weight loss plan Management Market, probably the most complete investigation of the U.S. weight reduction market revealed 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 experiences for: food plan mushy drinks, synthetic sweeteners, well being golf equipment, business food plan heart chains, multi-level advertising food plan plans, retail meal replacements & weight reduction dietary supplements, medical packages (weight reduction surgical procedure, MDs, hospitals/clinic packages, Rx food plan medicine, bariatricians, VLCD packages), low-cal frozen entrees, and the food plan books & train DVDs market.
In regards to the Creator: John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in prime media retailers together with ABC, NEWS Reporter, Fox, Forbes, USA In the present day, The Wall Avenue Journal, The New York Occasions, and quite a lot of commerce journals.
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