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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 | Mar 2015

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

IBISWorld’s Vitamin & Supplement Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 10-15
7.0%
Annual Growth 15-20
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Profit
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Employment
26,970
Businesses
1,031
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 - Starting a New Business Chapter

The Vitamin and Supplement Manufacturing industry is characterized by moderate barriers to entry. In particular, new entrants seeking a competitive advantage over established operators must introduce a product that is significantly different and more effective than products already in the market. The process of creating a new and effective supplement is usually costly and requires heavy investments in research and development. Furthermore, current Food and Drug Administration (FDA) regulations make it difficult for operators to research and introduce new supplement ingredients into the market, particularly if they are not derived from a natural dietary source (see Regulation and Policy)... 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. Key groups within this industry include standard vitamin and mineral supplements, as well as sports nutrition products and herbal supplements. This industry excludes manufacturers of energy drinks, infant formula and prescription or over-the-counter (OTC) medications used to prevent or treat illnesses.

Industry Products
Vitamins and MineralsSpecialty dietary supplementsHerbs and botanicalsProtein powderMeal replacements and weight loss productsSpecialty and elite sports nutritionals
 
Industry Activities
Dietary supplement developmentDietary supplementFormulating new supplement blendsMixing, pressing and encapsulating raw ingredients into pill or tablet form


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