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Weight Loss Services Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Weight Loss Services
What Is the Expected Weight Loss Services Market Size During the Forecast Period?
The market size of weight loss services has seen a pronounced surge in the past few years. The industry, which is anticipated to escalate from $16.81 billion in 2024 to $18.25 billion in 2025, will experience a compound annual growth rate (CAGR) of 8.5%. Factors such as shifting societal perspectives on body aesthetics, the emergence of commercial weight loss schemes, the expansion of the fitness and wellness sector, and changing lifestyle and dietary habits have contributed to the growth experienced in the past.
The market size of weight loss services is projected to experience significant growth in the upcoming years, with an expected value of $27.1 billion by 2029 and a compound annual growth rate (CAGR) of 10.4%. The foreseen escalation during the forecast period can be due to the increase in telehealth and remote services, advancements in wearable health technology, emphasis on mental health and healthy behavioral patterns, proliferation of wellness and prevention programs, and the shift to preventive health strategies. Predominant trends during this period would consist of the growth of corporate wellness programs, focus on sustainable and long-lasting outcomes, the integration of behavioral change techniques, and breakthroughs in the scientific understanding of nutrition and exercise physiology.
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What Are the High-Growth Segments in the Weight Loss Services Market?
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 Equipment, Surgical equipment
3) By Diet: Meal, Beverages
4) By Medications: Drugs, Supplements
Subsegments:
1) By Slimming Centers: Weight Management Clinics, Medical Weight Loss Centers
2) By Fitness Centers: Gyms And Health Clubs, Personal Training Services, Group Fitness Classes
3) By Consulting Services: Nutrition Counseling, Lifestyle Coaching, Online Consultation Services
4) By Weight Loss Programs: Structured Meal Plans, Online Weight Loss Programs, Behavioral Therapy Programs
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What Key Drivers Are Expected to Influence Future Weight Loss Services Market Growth?
Growth in the weight loss services market is predicted to be fuelled by an increasing aging population. This refers to a demographic shift where the percentage of elderly individuals is escalating due to changes in the population's age structure. Weight loss services play a crucial role for older adults who are obese or overweight, a condition often exacerbated by age-related shifts in body composition. These shifts usually involve an increment in fat mass and a decrease in lean mass and bone density. For instance, the United Nations Department of Economic and Social Affairs reports that by 2030, one in six people worldwide will be 60 or older, according to data from October 2022. This timeframe will see the number of individuals aged 60 and over escalate from 1 billion in 2020 to 1.4 billion. Looking further ahead, by 2050, the number of people 60 and older globally is set to double to 2.1 billion. As a result, the surge in the aging demographic is a significant driver of the weight loss services market's growth.
Which Companies Hold the Largest Share Across Different Weight Loss Services Market Segments?
Major companies operating in the weight loss services market are Herbalife Nutrition Ltd., NutriSystem Inc., Atkins Nutritionals Inc., Gold's Gym International Inc., Jenny Craig Inc., WW International Inc., Apollo Endosurgery 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
What Trends Are Driving Growth in The Weight Loss Services Market?
Emerging technology is becoming a significant trend in the weight loss services sector. To remain competitive, major companies in the weight loss products and services industry are leveraging sophisticated technologies. For example, in September 2024, NordicTrack, a fitness equipment producer from the US, in collaboration with ProForm, another US-based sports equipment brand, rolled out a series of intelligent fitness devices along with a revamped OS and interactional artificial intelligence coaching. With the most extensive product offering to date, iFIT has introduced a host of new fitness equipment, including treadmills, bikes, elliptical machines, and rowers. The range extends from the X24 Incline Treadmill for $3,999 to the ProForm Carbon Pro 2000 Treadmill for $1,499. All products have enhanced display screens, speedier processors, and the updated iFIT software, which comprises a revamped OS and an AI Coach, currently under the testing phase. This AI Coach is specifically designed to provide a more tailored, interactive fitness journey by assisting users in forming healthy habits and maintaining accountability.
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What Are the Emerging Geographies for The Weight Loss Services Market Growth?
North America was the largest region in the weight loss services market in 2024. The regions covered in the weight loss services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Weight Loss Services Market?
2. What is the CAGR expected in the Weight Loss Services Market?
3. What Are the Key Innovations Transforming the Weight Loss Services Industry?
4. Which Region Is Leading the Weight Loss Services Market?
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