Over the past five years, the Weight Loss Services industry tightened its belt, as low disposable income caused many consumers to curb demand for weight loss services. However, as the number of overweight and obese Americans continues to rise, demand for weight loss services will increase as well. In addition, growing awareness of the preventive role of weight loss has increased demand for industry services, with the goal of addressing health ailments, such as diabetes, heart disease and other health problems. Therefore, in the five years to 2020, favorable increases in consumers' per capita disposable income, coupled with the growing prevalence of overweight or obese individuals, will propel revenue growth.
Companies in this industry provide nonmedical services to clients and assist these individuals 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 does not include fitness centers, health resorts and spas, or medical or surgical weight-reduction services.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.