The new interest in
trend starts with healthy eating this year. Perhaps never before have there
been so many demands on health behavior and fitness concepts and goods and
services in this current industry. There is increasing concern over the rapidly
rising health care cost that shows the increased consumer awareness of health
consciousness in the current industry trend. The rise in the value of Fitbit
Inc, a provider of health and fitness devices (worth $1.5 billion) in recent years
reveals the truth that the market is trending towards more healthy-conscious
lifestyle (Fitbit, 2017).
This is then supported
by FranchiseHelp (2017) where the figures show that over 54 million Americans
paid gym membership fees in 2014, the visits to the gym exceeds 5 billion for
the second year in a row! The memberships have grown 18.6% from the year 2008
to 2014, and the trend continued in 2015. Not just the people who go to gym,
the entrepreneurs have taken this as a golden opportunity and there were 34
thousand fitness centers, which is an increase of 6.4% over 2013. 2014 revenue
of $24.2 billion was also a significant 7.4% rise over $22.4 billion in 2013.
The growth of gym
businesses signals the increasing concern for health and fitness among the
people. In the other words, the consumers are more likely to keep a balanced
diet where healthy eating is on the top of their mind now than ever before.
This “health-oriented” lifestyle provides great impact in altering risky
habits, as the public is aware of the role of healthy lifestyle in disease
prevention now. Hence, the alteration in exercise and dietary behaviors has
become the biggest lifestyle changes in year 2017!
As the world is giving
way to Generation Z, which is the most health-centric consumer group, it is
essentially important to make an effort to maintain as active and
health-conscious lifestyle as possible regardless of race, socio-economic class
and geographic region, before you get kicked out of the trend. Health is more
important than wealth, so start the healthy habits today!
References
Fitbit (2017). Fitbit
Reports $299M in Revenue, Sells 3M Devices in Q1 ‘17, Reaffirms FY17 Guidance.
Investor.fitbit.com. [online], 5th March 2017.
[Accessed 30 Jun. 2017].
FranchiseHelp (2017). Fitness
Industry Analysis 2017 - Cost & Trends. [online]
[Accessed 30 Jun. 2017].
By: Yau Che Yan, BAF1541
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