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. Nevertheless, many opponents have needed to shift to digital supply of companies, modified their working fashions, and are simply now recovering from provide chain disruptions.
A part of the load loss market was hit onerous in 2020. Buyer exercise and revenues at medical weight reduction packages based mostly in hospitals, franchises and regional chains, and doctor places of work plummeted, as did weight reduction surgical procedures. Nevertheless, there have been vibrant spots, specifically: frozen food plan dinners, food plan gentle drinks, and the prescription weight problems medicine market.
The market could also be getting into a brand new period centered on medical approaches, as a brand new era of prescription weight problems medicine from Novo Nordisk, Eli Lilly and others hit the market. Many physicians are including these semaglutide manufacturers resembling Wegovy, Ozempic, Saxenda and Mounjaro to their packages, and even Weight Watchers is now offering a medical plan.
Prime 6 Issues to Know Concerning the U.S. Weight Loss Market
- The U.S. weight reduction market was estimated to be price $75.5 billion in 2022, rising 6.4% this 12 months, to $80.4 billion.
- Revenues of the main industrial weight reduction chains resembling WW, NutriSystem, Jenny Craig, Medifast and others have 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% acquire.
- Medical weight reduction packages, together with surgical procedures, have been valued at $8.8 billion, with main development 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 per 30 days, however some shoppers are keen 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 business,
- 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 (fat burners) comprise a $4.9 billion market, widespread 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 load loss market, remember to try the bestselling research The U.S. Weight Loss & Weight-reduction plan Management Market, probably the most complete investigation of the U.S. weight reduction market revealed by anybody worldwide.
This report covers: greenback worth & development charges of all main weight reduction market segments (early Eighties to 2022 and 2023 & 2027 forecasts), newest market developments and developments, and standing experiences for: food plan gentle drinks, synthetic sweeteners, well being golf equipment, industrial 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.
Concerning the Writer:  John LaRosa is the President of Marketdata LLC and is the writer of 100+ business and market research. His analysis seems in high media shops together with ABC, CNN, Fox, Forbes, USA At this time, The Wall Road Journal, The New York Instances, and a wide range of commerce journals.Â
