Weight Loss Services Market Key Drivers, Trends, Growth, Outlook 2024-2033

Overview and Scope

Weight loss services refer to services required to reduce body weight, maintain lower body weight over the long term, and prevent further weight gain. These services provide numerous health benefits, including lower blood pressure, cholesterol, and blood sugar levels.

Sizing and Forecast

The weight loss services market size has grown strongly in recent years. It will grow from $15.59 billion in 2023 to $16.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to changing societal perceptions of body image, introduction of commercial weight loss programs, growth of the fitness and wellness industry, evolving lifestyle and dietary patterns..

The weight loss services market size is expected to see strong growth in the next few years. It will grow to $24.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to rise in telehealth and remote services, innovation in wearable health , focus on mental health and behavioral well-being, expansion of wellness and prevention programs, shift towards preventive health solutions.. Major trends in the forecast period include expansion of corporate wellness programs, emphasis on sustainable and long-term results, incorporation of behavioral modification techniques, scientific advancements in nutrition and exercise physiology..

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Segmentation & Regional Insights

The weight loss services market covered in this report is segmented –

1) By Service: Slimming Centers, Fitness centers, Consulting services, Weight loss programs

2) By Equipment: Fitness equipments, Surgical equipments

3) By Diet: Meal, Beverages

4) By Medications: Drugs, Supplements

North America was the largest region in the weight loss services market in 2023. The regions covered in the weight loss services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising aging population is expected to propel the growth of the weight loss services market going forward. The aging population refers to an increase in the proportion of elderly people due to changes in the age structure of a population. Weight loss services help the aging population who are obese and have a high prevalence of being overweight due to age-related changes in body composition, which include a progressive rise in fat mass and a reduction in lean mass and bone density. For instance, according to the United Nations Department of Economic and Social Affairs September or instance, in October 2022, according to the World Health Organization, a Switzerland-based Intergovernmental organization, projected that by the year 2030, one out of every six individuals globally would be 60 years old or older. During this period, the proportion of the population aged 60 and over is expected to rise from 1 billion in 2020 to 1.4 billion. Furthermore, by the year 2050, the global population of individuals aged 60 and older is anticipated to double, reaching 2.1 billion. Therefore, the rise in the aging population is driving the growth of the weight loss services market.

Key Industry Players

Major companies operating in the weight loss services market report are Herbalife Nutrition Ltd., Kellogg Company, NutriSystem Inc., Nu Skin Enterprises Inc., Atkins Nutritionals Inc., Brunswick Corporation, Gold’s Gym International Inc., Jenny Craig Inc., Covidien Ltd., eDiets.com Inc., WW International Inc., Apollo Endosurgery Inc., Abbott India Limited, Cargill Incorporated, General Mills Inc., Ingredion Incorporated, Noom Inc., MyFitnessPal, Medifast Inc., Slimming World, 24 Hour Fitness, Beachbody LLC, Orangetheory Fitness, Retrofit Inc., The Camp Transformation Center, Life Time Fitness, Profile by Sanford, Metabolic Research Center, Dr. G’s Weight Loss & Wellness, The Biggest Loser Resort

The weight loss services market report table of contents includes: