Industry Analysis & Industry Trends
According to IBISWorld estimates, 64.6% of Australia's adult population is either overweight or obese. Obesity is now the leading cause of premature death and illness in Australia. Therefore, for both health and cosmetic reasons, there is growing pressure on Australians to take control of their weight. As a result, a significant amount of consumer spending is being directed towards weight loss and health. During 2015-16, Australians are expected to spend $613.6 million on weight-loss counselling services and related low-calorie foods and dietary supplements. This is up 1.2% from the previous year. Over the five years through 2015-16, industry revenue is expected to grow by an annualised 1.1%... purchase to read more
Industry Report - Industry Products Chapter
Individual and group weight-loss counselling services dominate the industry, accounting for the majority of revenue. However, as the major players diversify, the diet food and supplements segments are becoming more significant.
Individual weight-loss counselling services
Individual weight-loss counselling services include one-on-one discussions and meetings with weight-loss counsellors. These services account for the largest share of industry revenue, and this share has increased slightly over the past five years. However, while more people are undertaking individualised programs tailored to meet their weight-loss targets, competition between providers has limited price growth for these services. This competition has restrained growth in this segment... purchase to read more