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 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 0.6% over the 10 years through 2020-21. This represents an underperformance of the overall economy, which is forecast to rise by an annualised 2.8% 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