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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 | Apr 2014

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

IBISWorld’s Vitamin & Supplement Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 09-14
4.0%
Annual Growth 14-19
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Profit
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Employment
17,866
Businesses
441
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; however, competition from imports coupled with manufacturers' moving to low labor-cost countries will restrain significant revenue increases... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Vitamin and Supplement Manufacturing industry is in the mature stage of its life cycle, contributing a steady value to the overall economy. Over the 10 years to 2019, IBISWorld forecasts the industry's value-added (IVA), which measures the industry's contribution to the economy, to grow at an average annual rate of 2.6%. Meanwhile, GDP is expected to grow 2.7% per year on average during the same period. Rapid adoption of vitamins and supplements occurred during the 1990s when Congress passed the Dietary Supplement Health and Education Act. This act reclassified vitamins as dietary supplements rather than food, exempting industry products from strict testing standards administered by the FDA... 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
Vitamins and mineralsHerbs and botanicalsSports nutritionals and meal replacements
 
Industry Activities
Dietary supplement developmentDietary supplement


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