Industry Analysis & Industry Trends
The Online Weight Loss Services industry took a direct hit during the recession as people lost their jobs and had less disposable income to spend on discretionary purchases. In the five years to 2019, the industry is anticipated to grow moderately as the economy continues to recover. Revenue is expected to grow during the period as consumers become increasingly health conscious and have higher disposable incomes, and the obesity epidemic continues to worsen. Growth will be limited however, as online weight loss programs and bloggers that offer similar services for free continue to grow in popularity and siphon demand.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Weight Loss Services industry is in the growth stage of its life cycle. In the 10 years to 2021, industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to rise at an annualized rate of 4.4%. Comparatively, GPD is expected to grow 2.2% per year on average. High IVA growth relative to the economy as a whole is highly indicative of a growing industry.
Consumers are increasingly opting to use online services, increasing the potential market for online weight loss services offered by this industry. In response to rising demand, many industry players are anticipated to enter the industry over the 10-year period... purchase to read more