Posts Tagged ‘2013’
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On August 7, 2009, Sarah Palin claimed the proposed legislation would create “death panels” that would decide if sick and elderly Americans were “worthy” of …
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Tampa, FL (PRWEB) February 05, 2014
Marketdata Enterprises is a 35-year old market research firm that has tracked the U.S. weight loss market and published in-depth studies about it and all its market segments since 1989. It has just released a new report: The U.S. Weight Loss Market: 2014 Status Report & Forecast.
The U.S. weight loss market in 2013 was estimated to contract by 1.8% to $ 60.5 billion. Sales of diet soft drinks, artificial sweeteners and diet dinner entrees fell significantly and most other market segments were flat. This was due to the weak economy and poor job growth, coupled with a trend away from highly processed foods and non-natural ingredients. A lack of compelling new weight loss programs by the leaders didnt help either, according to Research Director, John LaRosa.
The U.S. weight loss market is now almost evenly split in dollar terms between weight loss products and services — products account for an estimated 49.3% of the total in 2013 ($ 29.8 billion), and services account for 50.7% ($ 30.7 billion). The total market value fell 1.2% last year to $ 60.5 billion and is expected to grow only 1.2% this year.
83% of dieting consumers favor do-it-yourself weight loss programs accessed from home (online or by phone) or the use of diet books or celebrity diet plans (fad diets). This is the highest historical share in 20+ years. This rate remained above 80% in 2013.
Weight loss and fitness apps will lose momentum in 2014, as dieters recognize that these devices can do only so much to motivate them and keep them on track. Some market leaders have been blaming these apps for declining sales, but this is not the only reason. Poor execution, a lack of customized programs, and not serving untapped niche markets are just as important factors.
Retail sales of non-prescription diet pills are down. Prescription obesity drug sales are flat, and have been for years now. The new entrants Qsymia and Belviq have not produced significant weight loss and sales have been paltry since their introduction in 2013.
The one diet product exception seems to be meal replacements (shakes, bars), much of which is sold via MLM (multi-level marketing) channels. Herbalife and Visalus have achieved success here, along with Medifast.
Medical weight loss programs of all kinds are growing, especially small to mid-sized local and regional chains. More physicians are adding weight loss to their practices, and they are being encouraged by the government to get more active in combating obesity.
Herbalife is now the #2 weight loss company in the World, by sales, with estimated North American sales of weight loss products of $ 591 million in 2013 (meal replacements), second only to Weight Watchers and larger than both Jenny Craig and NutriSystem.
Sales of meal replacements grew about 6% to $ 1.35 billion in 2013, largely on the strength of multi-level marketing distribution. Conversely, OTC diet pills sales fell 3.7% to $ 1.45 billion.
Revenues of commercial chains slid 4.5% last year, to $ 3.34 billion. The best prospects for growth for the large commercial chains will be to make inroads in the worksite wellness market and underserved niches (overweight Blacks, Hispanics, teens, college students), and to cement new partnerships with large retailers and female-oriented companies such as Mary Kay, Tupperware, and AVON.
The retail weight loss market will get more crowded this year. The CVS drugstore chain just added its own DASH Diet program to its 600+ mini-clinics. Can Walgreens, Rite Aid and others be far behind? NutriSystem already sells its jump start program via 3,700 Walmart stores. If Walmart decides to develop its own weight loss plan and offer it in-store via its own healthcare mini-clinics, this would represent a major new retail competitor.
Worksite weight loss programs is an $ 859 million market segment, growing 13% per year. They should become more popular under the Affordable care Act.
Dieters are heavier than ever, having put on significant weight during the recession. The combination of increased stress levels and a shift to more comfort food and cheaper fast food resulted in the weight gain. Marketdatas quarterly reports find that the most common weight class, for those starting a diet, is 150-174 lbs., followed closely by those weighing 175-199 lbs.
Many weight loss companies dont yet realize that Obamacare can be a major boost to their revenues. There is a $ 1,625 yearly preventive care benefit, where insurers must cover the cost of up to 14 counseling sessions, an MD exam and lab tests, by a qualified weight loss professional (i.e. Nurse practitioner, MD, Physicians Assistant). Most consumers dont realize this either. This shifts the advantage to medically supervised programs. As well, most consumers dont know that they can take an IRS tax credit for weight loss programs, subject to certain conditions. As a result, programs become a lot more affordable, says John LaRosa.
ABOUT THE STUDY
The U.S. Weight Loss Market: 2014 Status Report & Forecast, published in Feb. 2014, is a 54-page analysis, an off-the-shelf study. The price is $ 595. The report covers: 2013 market performance, recent competitor developments and top management turnover, new programs for the 2014 diet season, the coming paradigm shift from diet products to diet services, dieter demographics/trends, why the Affordable Care Act can be profitable for companies heavy on counseling, CVS drugstore chain enters market with mini-clinic program, threats posed by Walmart and weight loss & fitness apps, bestselling diet books, reasons why market growth is slow why diet companies must execute better, customize their programs, and form new retail partnerships.
Individual Status Reports for the 10 market segments (2013 dollar value, 2014 forecasts) diet soft drinks, artificial sweeteners, health clubs, commercial weight loss chains, OTC meal replacements and diet pills, diet websites & apps, medical programs (weight loss surgery, MDs, hospitals/clinic programs, Rx diet drugs, bariatrician plans, VLCD programs), low-calorie dinner entrees, diet books, and exercise DVDs.
Marketdata Enterprises, Inc., is an independent market research firm and 25-year analy
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Los Angeles, California (PRWEB) March 21, 2013
Adolescent Growth is pleased to announce that it will be an exhibitor at the upcoming IAEDP symposium, scheduled for March 21-24, 2013. The symposium, titled What’s New Under the Sun: Innovative Approaches to Treatment, will be held at Westin Lake Las Vegas Resort and Spa in Henderson, NV.
The International Association of Eating Disorders Professionals Foundation (IAEDP) is known for providing the highest education and training standards to healthcare providers who treat eating disorders. Established in 1985, IAEDP leads the way for professionals to grow in their knowledge of eating disorders and their capacity to successfully treat them.
According to the International Association of Eating Disorders Professionals Foundation’s website, this year’s IAEDP symposium is “geared to the needs and problems of those who work with patients in a therapeutic environment. Interchange among participants is constant and challenging: workshops and keynote sessions focus on ‘cutting edge’ information and techniques. In this conference, the emphasis is on exchange of information, not just listening”.
The symposium will help treatment providers relax, grow, and network with other professionals. Held in an inviting atmosphere, professionals can choose to use their free time to take in the excitement of the Las Vegas strip, or simply relax on the beach with a yoga session. For more information about the IAEDP symposium, visit http://iaedp.com/.
Adolescent Growth is an organization that treats teenagers 12 to 17 years old who are struggling emotionally, behaviorally, or psychologically. With a number of facilities in southern California, Adolescent Growth is family-owned and dedicated to quality. Their mission is to excel at the delivery of quality adolescent healthcare. Caring, professional staff at Adolescent Growth use a holistic treatment approach that respects each child’s unique recovery needs.
The licensed staff of Adolescent Growth uses a variety of methods to help its clients, including individual behavioral therapy, group sessions, 12 step interventions, and family therapy. Through the services at Adolescent Growth, families that are torn apart by eating disorders, mental health disorders, substance abuse, and co-occurring disorders can learn to heal their underlying issues and live a more connected life.
To learn more about Adolescent Growth and the programs they offer for youth, visit http://adolescentgrowth.com/.
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