The U.S. weight reduction market reached a file $78 billion in 2019, however suffered a 21% decline in worth throughout 2020 as a result of Covid-19 pandemic and recession.
Nevertheless, there have been vibrant spots. Business chains held up properly, as did the meal replacements market, frozen weight-reduction plan entrées and multi-level advertising channels.
- Revenues of the most important industrial weight reduction chains reminiscent of WW, NutriSystem, Jenny Craig, Medifast and others really held up properly final 12 months, rising by an estimated 6.8% in 2020 to $4.07 billion.
- Multi-level advertising firms represent a significant pressure 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 urge for food suppressants (weight loss supplements) gross sales held up properly in 2020. They’ve largely escaped the consequences of the pandemic attributable to their simple availability and low value. MLM and web/mail order channels remained open throughout the pandemic. Meal replacements (shakes, diet bars) accounted for $3.0 billion and retail weight loss supplements accounted for $2.08 billion in gross sales.
- Hospitals and clinics, centered on treatingCovid-19 sufferers, cancelled elective surgical procedures reminiscent of weight reduction procedures. Consequently, this phase of the market fell 20% from $8.8 billion to $7.1billion in 2020. Bariatric surgical procedures declined from 256,000 to an estimated 205,000.
- Revenues of well being & health golf equipment took a significant hit, declining by 37% from $35 billion to $22 billion, attributable to pandemic-related closures. This is without doubt one of the hardest hit segments of the load loss market, as these amenities had been among the many first to shut and among the many final to reopen for enterprise.
Know-how turned extra essential, as Zoom conferences, apps and streaming providers soared in utilization. On account of pend-up demand and shopper weight achieve in 2020, most suppliers are searching for a powerful rebound in 2021, as Individuals are vaccinated and companies reopen.
Do-it-yourself plans nonetheless abound as customers use free weight-reduction plan & health apps. Many untapped niches nonetheless exist. It is a utterly revised and up to date evaluation of Marketdata LLC’s best-selling biennial research in regards to the U.S. weight reduction market. That is probably the most complete investigation of the U.S. weight reduction market printed by anybody worldwide.
Coated: greenback worth & progress charges of all main weight reduction market segments (early Eighties to 2019, 2020, 2021 and 2025 forecasts), newest market developments and developments, standing studies for:
Weight loss program gentle drinks, synthetic sweeteners, well being golf equipment, industrial weight-reduction plan middle chains, multi-level advertising weight-reduction plan plans, retail meal replacements & weight loss supplements, medical packages (weight reduction surgical procedure, MDs, hospitals/clinic packages, Rx weight-reduction plan medicine, bariatricians, VLCD packages), low-cal frozen entrées, and the weight-reduction plan books & train DVDs market.
New for this version:
- Results of the Pandemic on operations/revenues for all market segments
- How dieter habits modified with the pandemic
- 2021 & 2025 Forecasts
- The preferred diets like Keto, intermittent fasting
- Main competitor prime administration interviews
- How the 2021 weight-reduction plan season is shaping up
- Why MLM has gained as a distribution mannequin
- Why meal replacements are nonetheless robust, however not retail weight loss supplements.
- Outlook for medical weight reduction packages of all sorts, why they’ve misplaced momentum
32-year income evaluation of the market by previous recessions and fad weight-reduction plan cycles, complete dieter demographics, weight reduction middle franchising, and intensive nationwide/state industrial facilities’ working ratios. Rankings & revenues of prime industrial chains, model gross sales, and a Reference Listing.
Key Matters Coated:
- Introduction, Scope, Methodology
- Govt Overview
- Dieter Demographics
- American Train Tendencies & The Well being Golf equipment Trade
- Business Weight Loss Chains
- Trade Construction & Key Ratios
- The Weight loss program Tender Drinks & Synthetic Sweeteners & Weight loss program Meals Markets
- The Synthetic Sweeteners Market
- Retail Meal Replacements & Urge for food Suppressants Market
- Medically-Supervised Weight Loss Packages
- Bariatrician (Weight problems Drugs Specialists) Packages
- The Weight Loss (bariatric) Surgical procedure Market
- VLCD/LCD Fasting Complement Packages
- The Weight loss program Medicine Market
- The Weight loss program Books & Train DVDs Market
- Atkins Nutritionals
- Facilities for Medical Weight Loss
- Dr. G’s
- Ideally suited Protein
- Jenny Craig
- JumptStart MD
- Lindora Clinics
- Metabolic Analysis
- Profile by Sanford
- Good For Life
For extra details about this report go to https://www.researchandmarkets.com/r/yglz2s
Supply: Marketdata LLC
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