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Vitamin & Supplement Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Vitamin & Supplement Manufacturing Market Research Report | NAICS 32541d | Oct 2013

Healthy forecast: An aging population and growing health concerns will supplement growth

The Vitamin & Supplement Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 08-13
5.7%
Annual Growth 13-18
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Profit
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Employment
27,752
Businesses
369
Industry Analysis & Industry Trends

Although vitamins and supplements are often considered nondiscretionary purchases, the industry has grown at a steady clip over the past five years due to several factors, such as the aging population, reduced levels of employed and insured Americans and increasing consumer concerns toward health. Growth is forecast to continue over the next five years, especially as disposable incomes recover, though competition from imports and manufacturers' move to cheaper labor-cost countries will restrain significant revenue increases... purchase to read more

Industry Report - Industry Key Buyers Chapter

This industry is highly fragmented because of its moderate barriers to entry, steadily increasing revenue and margins and because of its highly diversified demand for products. According to the Office of Dietary Supplements, the number of different products offered by manufacturers increased from 4,000 in 1994 to over 75,000 different products in 2008. Due to the diversified nature of products, companies are able to compete without achieving significant economies of scale, which exist only when growing the size of a company increases its productivity. Companies can produce a multitude of combinations of herbs and vitamins fairly easily, thus creating new products that can be marketed and sold to consumers based on its unique blend... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Vitamin & Supplement Manufacturing Industry?

Vitamin and supplement manufacturers primarily develop and manufacture products that are consumed by mouth and contain an ingredient intended to supplement the diet. This industry excludes manufacturers of products used to prevent or treat illnesses.

Industry Products
Vitamin supplements Mineral supplements Herbal and botanical supplements Other supplements
 
Industry Activities
Dietary supplement developmentDietary supplement


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