First Research US Industry Profile

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Weight Reduction Services
SIC Codes: 7299
NAICS Codes: 812191
Last Quarterly Update: 5/13/2019
Companies in this industry provide nonmedical weight loss services and products that include counseling, food supplements, menu and exercise planning, and body measurement and weight monitoring. Major companies include Weight Watchers, Jenny Craig, and Nutrisystem (all based in the US), as well as Dukan Diet (France), Nutrition & Diet Center (Saudi Arabia), and Rosemary Conley Online (UK).
Excess weight is drawing concern around the globe, potentially creating demand for the industry. Traditionally a problem in developed economies, overweight and obesity rates have been increasing in low- and middle-income countries. As of 2016, 40% of women and 39% of men were overweight, according to the World Health Organization. For obesity, the rates were 15% for women and 11% for men.
The US weight reduction services industry includes about 3,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2 billion.
The industry doesn't include companies that provide medical or surgical weight reduction or companies that operate physical fitness facilities, health resorts, or spas. Fitness centers, health supplement stores, and spas are covered in separate industry profiles.
Competitive Landscape
Consumers' excess weight, personal income, and leisure time drive demand. The profitability of individual companies depends on effective marketing, customer acquisition and retention, and efficient operations. Large companies have advantages of scale in marketing, infrastructure, and partnerships, such as licensing deals for private-label products and foods. Small companies can compete effectively by offering individualized services or upscale facilities. The US industry is highly concentrated: the 50 largest companies account for about 80% of industry revenue.
Weight reduction services may compete with health and fitness centers, hospitals, or other medical providers that offer weight management services, and indirectly with smartphone apps and other gadgets that track calories.
Products, Operations & Technology
Program fees account for about 85% of industry revenue; sales of food and other products and other personal care services account for the rest. Products ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/11/2019
11/05/2018
08/06/2018
05/07/2018
02/05/2018
10/30/2017
08/07/2017
05/08/2017
02/06/2017
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08/08/2016
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02/08/2016
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10/27/2014
08/04/2014
05/19/2014
02/24/2014
11/25/2013
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06/10/2013
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12/03/2012
09/10/2012
06/25/2012
04/02/2012
12/12/2011
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06/13/2011
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11/15/2010
08/23/2010
05/17/2010
02/08/2010