Industry Analysis & Industry Trends
According to the Australian Bureau of Statistics, more than 70.0% of Australian males and 56.2% of females are overweight or obese. For both health and cosmetic reasons, there is growing pressure on Australians to change this statistic. An ever-growing amount of consumer spending is being directed towards getting thinner and healthier. During 2013-14, Australians are estimated to spend $643.7 million on weight-loss counselling services, low-calorie foods and dietary supplements in their quests to slim down. This is up 3.6% from the previous year, and with annualised growth of 2.8% over the past five years. Stronger industry growth has returned in 2012-13 and 2013-14 following two years of low growth in 2010-11 and 2011-12, when uncertain consumers cut back on discretionary spending... purchase to read more
Industry Report - Industry Products Chapter
The main service segment in the industry is weight-loss counselling services, which are estimated to account for 51.7% of industry revenue in 2013-14, and dietary food and supplement products, making up for 43.6% of industry revenue.
Individual weight-loss counselling services
Weight-loss counselling services once accounted for the entire industry, and were divided into individual and group services. IBISWorld estimates that individual weight-loss counselling services will account for 36.9% of industry revenue in 2013-14, up from 34.7% in 2008-09 at the expense of group sessions. More people are opting to undertake individualised weight-loss programs tailored to specific needs to meet their targets... purchase to read more