U.S. Weight Loss Market Partially Recovers To $75 Billion

New Focus on Medical Approaches and Obesity Drugs

Tampa – WEBWIRE – Monday, March 20, 2023

New Marketdata Report

The pandemic forced diet companies to adapt."

March 20, 2023 - Marketdata LLC, a leading market research firm tracking the weight loss market since 1989, has just released a new report: “The U.S. Weight Loss & Diet Control Market” 17th Edition. This 427-page report is a comprehensive analysis of ALL 10 segments of the weight loss market and its competitors -- commercial and medical programs, multi-level marketers, retail meal replacements and weight loss supplements, the health clubs industry, and low-cal foods and soft drinks.

“The U.S. weight loss market has grown by 16% from 2020, to $75 billion, recovering much of the ground lost to the Covid-19 pandemic. However, many competitors have had to shift to virtual delivery of services, changed their operating models, and are just now recovering from supply chain disruptions.”, according to Research Director, John LaRosa

Major Findings:

* The value of the U.S. weight loss market is estimated to have declined by a historic 25% in 2020, to $58 billion. as a result of closures of weight loss centers and medical programs. However, the market was estimated to be worth $75.5 billion in 2022 -,forecast to gain 6.4% this year, to $80.4 billion.

* Revenues of the major commercial weight loss chains such as WW, NutriSystem, Jenny Craig, Medifast and others were up 3.6% last year to $4.6 billion. Sales fell 14% at Weight Watchers and Medifast sales slowed to a 4.8% gain.

* Medical weight loss programs, including surgeries, were valued at $8.8 billion, with major growth coming from the Rx obesity drugs market, which nearly doubled to $1.56 billion due to the high demand for new semaglutide drugs. These meds are expensive, about $1,100 per month, but some consumers are willing to pay.

* Revenues of health & fitness clubs took a major hit in 2020, declining by 37% from $35 billion to $22 billion, due to pandemic-related closures. This sector has emerged as a smaller industry.

* The market may be entering a new era focused on medical approaches, as a new generation of prescription obesity drugs from Novo Nordisk, Eli Lilly and others hit the market. Many physicians are adding these semaglutide brands such as Wegovy, Ozempic, Saxenda and Mounjaro to their programs, and even Weight Watchers is now providing a medical plan.

* Multi-level marketing companies constitute a major force in the weight loss market, with the top 8 firms accounting for $3.4 billion in 2020 sales. Included in this group are Medifast, Herbalife, Shaklee, BeachBody, AMWAY, USANA, Isagenix and more.

* Meal replacements and retail weight loss supplements (diet pills) comprise a $4.9 billion market, popular among DIY dieters. However, the MLM channel was hurt due to supply chain disruptions and the inability of coaches/distributors to meet clients in person.

* Diet soft drink sales have grown strongly in 2021-2022, rebranded under “zero sugar”, as have low-cal frozen dinner entrees.

* Medical weight loss franchises are estiamted to generate $150 million in annual revenues.

About The Report
“The U.S. Weight Loss & Diet Control Market”, March 2023, is a 427-page independent analysis of all segments of the weight loss market. It contains 34 in-depth competitor profiles and 160 tables and charts. Coverage of: commercial chains, meal replacements and appetite suppressants, diet soft drinks, artificial sweeteners, low-calorie frozen dinner entrees, the health clubs industry, diet apps, diet books, prescription obesity drugs, medical programs by hospitals, clinics and MD offices, bariatrician programs, weight loss surgery market. Extensive coverage of the effects of the pandemic and effect on operations and revenues from 2020-2022. 2023 & 2027 Outlook and Forecasts. Operating metrics for weight loss centers, analysis of franchising, profitability, historical trends, most popular diets, dieter demographics, more. The report’s price is $1,995. A 41-page Overview summary is $99. The Table of Contents can be found at: www.marketdataenterprises.com). Contact: Marketdata LLC, 7210 Wareham Drive, Tampa, FL 33647, ( 813-971-8080). John LaRosa is available for interviews.

About Marketdata
Marketdata LLC is a 44-year old, independent market research and consulting firm, with a 34-year specialty tracking the weight loss market since 1989. It publishes a wide variety of reports about service and healthcare sectors, and does consulting, custom research projects, and teleconference calls. Marketdata also operates a free website, www.DietBusinessWatch.com, updated daily with the latest weight loss market and competitor news, analyses and a blog by John LaRosa.