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 (Australian Health Survey 2011-12: 4364.0). For both health and cosmetic reasons, there is growing pressure on Australians to change this statistic. An increasing amount of consumer spending is being directed towards becoming thinner and healthier. During 2014-15, Australians are expected to spend $603.3 million on weight-loss counselling services and related low-calorie foods and dietary supplements. This is up 1.4% from the previous year. Over the five years through 2014-15, industry revenue is expected to grow by an annualised 0.6%. Revenue declined in 2012-13, as consumers cut back on discretionary spending, but returned in 2013-14... purchase to read more
Industry Report - Industry Key Buyers Chapter
The two largest weight-loss companies, Weight Watchers and Jenny Craig, are well-known operators in the industry and offer a wide range of weight-loss products and services. They also dominate the weight-loss counselling market, accounting for about half of the counselling services segment. As Australians have continued to spend more on weight-loss solutions, there has been a steady supply of new products and services. There has also been an increase in the number of smaller competitors entering the market to capture some market share from the large firms.
The four largest firms in the industry are estimated to account for 38.0% of industry revenue in 2014-15, which is at the upper-end of the low-concentration parameter... purchase to read more