Industry Analysis & Industry Trends
According to the Australian Bureau of Statistics (ABS), 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 take control of their bodies. As a result, a significant 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%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Weight Loss Services industry is in the mature phase of its economic life cycle. Industry value added, which measures the industry's contribution to national GDP, is expected to increase at an annualised 0.4% over the 10 years through 2019-20. This represents an underperformance of the overall economy, which is forecast to rise by an annualised 2.7% over the same period. However, demand for industry services remains strong, while competition has pushed prices lower.
The industry's products and services are well known and prominent, yet consumers continue to spend on weight loss. This is most likely due to a constant increase in the number of available weight-loss products and services on offer... purchase to read more