Transparency Market Research (transparencymarketresearch.com) has published a new report titled “Weight Loss Services Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023”.
The report by TMR, on “Weight Loss Market Revolution” states that the worldwide weight loss market is supposed to grow in the coming years “2016-23”. All credit goes to Weight Loss Supplement manufacturers and suppliers. Thanks to growing consciousness among people about their health and well-being by maintaining perfect body weight.
The massive growth in the selling of weight loss supplement is a key that defines that the progress of global weight loss market and confirms that it will continue to remain along with increasing global population, especially in the Asia-Pacific and Rest of the World.
Marketdata website assets that the top valuable diet supplements had integrated revenues of $2.49 billion in 2014. If you add all other commercial weight loss centers the graph becomes the total of $2.99 billion. This is down 11% from 2013 sales volume. We estimate another 11.3% decline in sales for the commercial chains in 2015, to $2.65 billion.
It is an estimate that the “average” commercial weight loss center last year in 2015 had annual revenues of $453,000. Franchises are a tough model, due to high overhead costs and royalties, and shrinking profit margins due to intense competition.
The median cost of a commercial diet program is $85.79 a week – 57% more than the $54.44 the average single American spends on food.
Weight loss supplements and programs are moving to more retail channels but still people prefer to buy the services or products from its official website.
These are the future of weight loss market. And reports are saying it will set to grow in coming years.