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