Industry Analysis & Industry Trends
The Vitamin and Supplement Manufacturing industry has experienced impressive growth figures in the past five years, as Americans became more health conscious and disposable income levels recovered from the recession. Additionally, as the number of adults aged 65 and over increased, demand for age-related vitamins and supplements expanded. Over the next five years, the industry is anticipated to benefit from the same trends that have supported its growth in the past. As discretionary income continues to strengthen, more consumers will trade up to premium, all-natural and organic products, helping lift industry revenue. New products and formats will also appeal to customers, boosting revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Vitamin and Supplement Manufacturing industry is still in the growing stage of its life cycle, contributing a substantial 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 6.9%. Meanwhile, GDP is expected to grow 2.5% per year on average during the same period.
Due to growing health and nutrition concerns, manufacturers have in recent years introduced a variety of new dietary supplements, ranging from condition-specific vitamin and antioxidant blends to dozens of new wellness and longevity enhancing supplements... purchase to read more