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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry Key Buyers Chapter

The Vitamin and Supplement Manufacturing industry has a low market share concentration, where the four largest companies are expected to account for a 25.1% share of the market in 2015. Due to the wide range of products offered, the market for dietary supplements remains highly fragmented, with only two companies expected to account for greater than a 5.0% share of the market. Although larger operators such as NBTY and Pharmavite (Otsuka Pharmaceutical) manufacture a variety of dietary supplements across all product groups, most operators choose to specialize in a particular product segment. For example, major player Glanbia plc has quickly become a leading manufacturer in recent years due to the popularity of its flagship Optimum Nutrition brand line of whey protein powder... 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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