The global weight loss services market size is anticipated to reach USD 60.48 billion by 2030. The market is projected to grow at a CAGR of 7.6% from 2024 to 2030. Rising cases of obesity and resultant health consciousness along with increased per capita healthcare expenditure are the key factors fueling the market growth. Obesity is among the major health concerns that lead to a number of associated diseases or complications, such as diabetes, Cardiovascular Diseases (CVDs), and cancers. For instance, as per WHO, in 2016, more than 1.9 billion adults were overweight, out of which around 650 million people were obese.
Such instances are expected to encourage people to maintain proper health to help lower the risk of such chronic health issues, thereby augmenting market growth. Key companies in the market are focusing on the development of new ways for weight loss, such as Zumba, sports-specific performance training, aquatic exercise classes, and weight loss supplements. For instance, in August 2018, Herbalife International launched Herbalife24 ACHIEVE protein bar, a convenient, energy-providing snack. This product launch may increase the company’s popularity among athletes worldwide. Hence, such initiatives are anticipated to drive the market.
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Such instances are expected to encourage people to maintain proper health to help lower the risk of such chronic health issues, thereby augmenting market growth. Key companies in the market are focusing on the development of new ways for weight loss, such as Zumba, sports-specific performance training, aquatic exercise classes, and weight loss supplements. For instance, in August 2018, Herbalife International launched Herbalife24 ACHIEVE protein bar, a convenient, energy-providing snack. This product launch may increase the company’s popularity among athletes worldwide. Hence, such initiatives are anticipated to drive the market.
Weight Loss Services Market Report Highlights
- The fitness equipment segment is expected to register a significant growth of 7.4% in the forecast period. Our fitness equipment portfolio comprises innovative products that cater to diverse customer needs.
- Out of pocket payment segment dominated the global weight loss services market with a revenue share of 85.7% in 2023. Out-of-pocket payments provide consumers with the freedom to choose weight loss services that cater to their specific needs, unencumbered by insurance restrictions.
- The government payment segment is expected to register the fastest CAGR of 8.1% in the forecast period. As governments and health organizations promote healthier lifestyles worldwide, we're seeing an increased demand for weight loss solutions.
- North America weight loss services market dominated the global weight loss services market with a revenue share of 35.0% in 2023. Changing consumer preferences, and technological advancement are the major factors driving the growth of the market in North America.
The leading players in the Weight Loss Services market include:
- Atkins Nutritionals, Inc.
- Precor Incorporated
- Apollo Endosurgery, Inc.
- Johnson Health Tech, Inc.
- WW International, Inc.
- Life Fitness, Inc.
- iFIT, Inc.
- Torque Fitness, LLC
- Core Health & Fitness, LLC
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Weight Loss Services Market Variables, Trends, & Scope
Chapter 4. Weight Loss Services Market: Function Estimates & Trend Analysis
Chapter 5. Weight Loss Services Market: Payment Estimates & Trend Analysis
Chapter 6. Weight Loss Services Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
The leading players in the Weight Loss Services market include:- Atkins Nutritionals, Inc.
- Precor Incorporated
- Apollo Endosurgery, Inc.
- Johnson Health Tech, Inc.
- WW International, Inc.
- Life Fitness, Inc.
- iFIT, Inc.
- Torque Fitness, LLC
- Core Health & Fitness, LLC
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 36.31 Billion |
| Forecasted Market Value ( USD | $ 60.48 Billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
