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Weight Loss Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Dec 04, 2024
Length 80 Pages
SKU # IBSS19492964

Description

Weight Loss Services in Australia - Industry Market Research Report


Weight Loss Services in Australia

Obesity-related health issues are one of the leading causes of illness and premature death in Australia. That's why many Australians have sought ways to manage their weight, including through providers in the Weight Loss Services industry. Revenue is expected to fall at an annualised 1.5% over the five years through 2022-23, to $483.0 million. This trend includes a projected slump of 6.3% in the current year owing to increasing external competition, like meal kit providers, the new generation of weight loss drugs and non-industry weight loss advisory services. These days the young and senior demographics are becoming highly attentive to their health by keeping their diet healthy by consuming natural and nutritious foods. Healthy eating practices can help people lose weight without relying on medicines and therapies, limiting industry revenue. The effects of the COVID-19 pandemic boosted industry revenue over the two years through the end of 2020-21. Grocery shortages at major supermarkets and social distancing measures encouraged consumers to take up meal provision services.

Weight loss providers include any company offering goods or services promoted as a weight loss solution, including online providers. Apart from traditional weight loss advice and counselling services, industry companies also offer food and beverages targeted at those wishing to lose weight. The industry does not include gyms, personal trainers and other exercise-oriented companies. The industry also excludes pre-prepared meal services not specifically marketed for weight loss purposes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

80 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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