Industry Analysis & Industry Trends
The Vitamin and Supplement Manufacturing industry has grown rapidly over the past five years, benefiting from increased demand from a larger mainstream, health-conscious consumer base and an increasingly aging population. In the coming years, the industry is anticipated to benefit from the same trends that have supported its growth in the past, including increasing health expenditure and growing interest in wellness and nutrition among mainstream consumers. As discretionary income continues to strengthen, more consumers will trade up to premium, all-natural and organic products, helping lift industry 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 substantial value to the overall economy every year. Over the 10 years to 2021, 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 4.2%. In contrast, GDP is expected to grow 2.1% per year on average during the same period.
Due to growing health and nutrition concerns, manufacturers have 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