
graphic:
phys.com |
| Sales
of diet books, videos, and audio
cassettes increased by 50 percent
between 1991 and 1994. |
THE
diet business is fat
and healthy. Anyone who swigs diet soda,
works out regularly or subsists on fat-free
food, is feeding this multi-billion
dollar industry.
Annual
diet industry revenues have grown from
an estimated $100 million in the 1950s
to $50 billion in the 1990s.
The
industry encompasses all products and
services that claim to change the body,
including diet plans and products, exercise
equipment and gyms. It has grown exponentially
over the past four decades and shows
no signs of ebbing.
Weight
Watchers, the industry leader, estimates
that it will make $85 million in 1999.
It is the fastest growing division of
Heinz, its parent company.
Profits
have declined sharply in the past year
for another leading diet company, Jenny
Craig. The company took in only $2.1
million in 1998, down from $11 million
the previous year.
|