Weight Loss Services in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: October 2024
NAICS 81219aCARevenue
$296.2m
Past 5-Year Growth
Profit
$XX.Xm
Employees
1,606
Businesses
553
Wages
$XX.Xm
Weight Loss Services in Canada industry analysis
The weight loss service industry has experienced considerable change as rising obesity rates spur demand for various health solutions. A growing consciousness regarding the health risks associated with being overweight has driven individuals to seek specialized help. The market now offers diverse programs, from technology-driven solutions to personalized coaching, addressing varied consumer preferences. Heightened competition among businesses, along with freely accessible online resources, intensifies the race to capture attention. These dynamics push companies to continually evolve their offerings to stay relevant and appealing to consumers seeking comprehensive well-being solutions. Industry revenue has been declining at a CAGR of 5.3% over the past five years and is expected to total $296.2 million in 2024, when revenue is expected to drop at 3.5%.
Trends and Insights
- The intense competition in weight loss services pushes companies to innovate. With numerous options available and digital platforms gaining traction, businesses must adapt or risk losing their market share.
- Digital subscriptions will continue to supplant in-person services. Digital platforms and mobile technology facilitate pricing options, variety and personalization of services, all valued by consumers.
- Ontario and Quebec hold a dominant share of establishments and account for over 60.0% of the population. The only other provinces to represent more than 10.0% of establishments are Alberta and British Columbia.
- Dominant firms are adopting technologies to fit evolving trends. Large enterprises adopt new technologies (AI, VR and telemedicine) that can change the face of weight loss services and meet the preferences of consumers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 5.3 % over the past five years, to reach an estimated $296.2m in 2024.
Trends and Insights
Rising obesity rates drive demand for weight loss services
- Growing rates of obesity in recent years have led to a rise in demand for weight loss services. Higher obesity rates lead to consumers seeking ways to manage their weight. This trend reflects a growing awareness of the health risks associated with excess weight, prompting more individuals to turn to specialized programs for help.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Digital integration shapes the evolving landscape of weight management services
- Weight management services face challenges related to shifts in consumer behavior. While some people have returned to in-person services, many remain engaged with digital platforms they became accustomed to during lockdowns. This trend has sparked increased competition within the industry and from alternative health services.
Biggest companies in the Weight Loss Services in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
WW International Inc. | 29.4 | 3.0 | 10.2 | |
EWYN Studios International | 13.7 | 1.9 | 13.9 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Meeting fees, In-meeting product sales and Other fees. Meeting fees is the largest segment of the Weight Loss Services in Canada.
Trends and Insights
Meeting fees account for the largest share of the industry
- Phone, text and email consultations target consumers interested in technology-driven solutions. More companies offer these virtual options to cater to the convenience-oriented market. By opting for these services, users tap into personalized support without geographical constraints, appealing to those with fast-paced lifestyles.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Gym, Health & Fitness Clubs in Canada
Complementors
- Health Stores in Canada
- Sporting Goods Stores in Canada
- Hotels & Motels in Canada
International industries
- Weight Loss Services in the US
- Online Weight Loss Services in the US
- Weight Loss Services in Australia
Table of Contents
About this industry
Industry definition
The Weight Loss Services industry in Canada provides nonmedical services to help clients lose weight or maintain a desired weight. Services include counseling, menu and exercise planning and weight and body measurement monitoring. Industry operators also sell food supplements and other weight-reduction products.
What's included in this industry?
Operating nonmedical weight loss centresIndividual or group counselling for weight lossDiet workshopsSelling food supplements and other weight reduction products Menu and exercise planningWeight and body measurementCompanies
WW International Inc.EWYN Studios InternationalPurchase this report to view all 2 major companies in this industry.
Related Terms
BODY MASS INDEX (BMI) GASTRIC BALLOON PROCEDUREGASTRIC BYPASSIndustry Code
NAICS 812190 - Weight Loss Services in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The intense competition in weight loss services pushes companies to innovate. With numerous options available and digital platforms gaining traction, businesses must adapt or...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Digital subscriptions will continue to supplant in-person services. Digital platforms and mobile technology facilitate pricing options, variety and personalization of service...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Ontario and Quebec hold a dominant share of establishments and account for over 60.0% of the population. The only other provinces to represent more than 10.0% of establishmen...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Dominant firms are adopting technologies to fit evolving trends. Large enterprises adopt new technologies (AI, VR and telemedicine) that can change the face of weight loss se...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The weight loss industry is fragmented and dominated by small businesses. However, WW International Inc. holds a significant portion of the market's revenue.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of WW International Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of EWYN Studios International's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for WW International Inc., and factors influencing its performance in the industry
- Description and key data for EWYN Studios International, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The success of the weight loss industry is closely tied to consumer income levels. Consumers with more disposable income are more inclined to invest in personalized weight lo...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Wages in the weight loss industry are dropping due to online shifts. By providing online services, companies can cut labor costs, allowing them to invest more in tech and mar...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Weight Loss Services industry in Canada in 2024?
The market size of the Weight Loss Services industry in Canada is $296.2m in 2024.
How many businesses are there in the Weight Loss Services in Canada industry in 2024?
There are 553 businesses in the Weight Loss Services industry in Canada, which has declined at a CAGR of 2.7 % between 2019 and 2024.
Has the Weight Loss Services industry in Canada grown or declined over the past 5 years?
The market size of the Weight Loss Services industry in Canada has been declining at a CAGR of 5.3 % between 2019 and 2024.
What is the forecast growth of the Weight Loss Services industry in Canada over the next 5 years?
Over the next five years, the Weight Loss Services industry in Canada is expected to grow.
What are the biggest companies in the Weight Loss Services market in Canada?
The biggest companies operating in the Weight Loss Services market in Canada are WW International Inc. and EWYN Studios International
What does the Weight Loss Services in Canada include?
Operating nonmedical weight loss centres and Individual or group counselling for weight loss are part of the Weight Loss Services industry.
Which companies have the highest market share in the Weight Loss Services in Canada?
The company holding the most market share in Canada is WW International Inc..
How competitive is the Weight Loss Services industry in Canada?
The level of competition is high and increasing in the Weight Loss Services industry in Canada.
