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Weight Loss Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Weight Loss Services Market Research Report | ANZSIC S9512 | Sep 2016

Trimming down: Strong external competition has limited industry revenue growth

IBISWorld’s Weight Loss Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$635m
Annual Growth 12-17
1.3%
Annual Growth 17-22
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Profit
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Employment
2,855
Businesses
211
Industry Analysis & Industry Trends

Obesity is one of the leading causes of illness and premature death in Australia. As a result, many Australians are seeking ways to manage their weight. Australians are expected to spend $635.0 million on weight-loss counselling services and related low-calorie foods and dietary supplements in 2016-17. This is up 2.0% from the previous year. Industry revenue is expected to grow by an annualised 1.3% over the five years through 2016-17. This relatively modest growth is largely due to strong competition from both internal and external sources... 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 0.7% over the 10 years through 2021-22. This represents an underperformance of the overall economy, which is forecast to rise by an annualised 2.6% 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

 


Industry ProductsRelated ReportsTable of Contents

What is the Weight Loss Services Industry?

Weight-loss providers include any company offering goods or services specifically promoted as a weight-loss solution. Apart from traditional weight-loss advice and counselling services, companies in this industry offer foods and beverages targeted at those wishing to lose weight. This industry does not include gyms, personal trainers and other exercise-oriented companies.

Industry Products
Individual weight-loss counselling servicesGroup weight-loss counselling servicesFresh and frozen diet mealsDiet shakes, bars, powders and supplementsOther products and services
 
Industry Activities
Weight loss centre operation (non-medical)Weight loss counselling servicesProvision of low-calorie foods and beveragesSale of products and supplements to assist with weight loss


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