Romaine calm: Growing awareness of healthy living has increased demand for industry products

The Health Stores industry in California has grown steadily over the five years to 2017, slightly below the national growth rate. The growing awareness of healthy living over the past five years has increased demand toward health-related products. In addition, the robustly growing per capita disposable income in California enables consumers to spend more on health products, aiding the Health Stores industry. Furthermore, driven by increased research and development, new health products and new health trends have been emerging, stimulating demand for health products. The Health Stores industry in California is projected to continue growing steadily over the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.5%
Forecast Growth 17-22
Profit
Employment
24,167
Businesses
13,992

Industry Threats & Opportunities

  • Similar to national trends, the market in California is fragmented and competitive
  • Many consumers purchase dietary supplements to make up for nutritional deficiencies
  • The Health Stores industry in California is poised for steady growth
  • Industry Report - Industry Investment Chapter

    The Health Stores industry has a low level of capital intensity. Wages account for 20.8% of revenue in 2016, while depreciation is expected to be 1.2% of revenue. IBISWorld estimates that for every $1.00 spent on wages, industry operators will spend $0.06 in capital investment. This is typical of most retailing industries, which rely more on labor than on capital investment. In the Health Stores industry, staff with strong product knowledge that can offer helpful product advice and assist customers in making a purchasing decision are critical to a store's success. This is particularly the case amid mounting competition from online retailers. Knowledgeable staff members offer retailers a competitive advantage in customer service...purchase to read more.

    Additional Insights for the Health Stores in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Health Stores in California Industry are

  • Ability to control stock on hand
  • Ability to alter goods and services sold in favor of market conditions
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in California and Total Health Expenditure in California in the Health Stores in California industry impact industry performance..

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    What's in this report

    What is the Health Stores in California Industry?

    The Health Stores industry in California includes retailers that primarily sell health and personal care products. Industry establishments include vitamin and mineral supplement stores, nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes pharmacies and optical goods, perfume, cosmetics and beauty supply stores. Online sales are also excluded from the industry.

    Industry Products
  • Groceries and other food items
  • Soft drinks and nonalcoholic beverages
  • Vitamin and mineral supplements
  • Sports nutrition products
  • Orthopedic equipment
  • Industry Activities
  • Retailing convalescent care products
  • Retailing orthopedic equipment
  • Retailing sports nutrition equipment
  • Retailing vitamin and mineral supplements
  • Retailing otological equipment
  • Retailing groceries and other food products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in California
  • Total Health Expenditure in California
  • Healthy eating index
  • Research and development expenditure
  • Percentage of services conducted online

  • Current Performance
  • Rising demand
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued industry expansion
  • Future profit trend
  • Table: Health Stores in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health Stores in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Generic Pharmaceutical Manufacturing
  • Medical Supplies Wholesaling
  • Vitamin & Supplement Manufacturing

  • Products & Services
  • Vitamin and mineral supplements
  • Sports nutrition products
  • Orthopedic equipment
  • Other
  • Groceries and other food items
  • Soft drinks and nonalcoholic beverages
  • Chart: Health Stores in California Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers aged 65 and older
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the Health Stores in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and Utilities
  • Chart: Cost Structure Benchmarking – Sector vs Health Stores in California

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health Stores in California Industry

  • GNC Holdings Inc., Vitamin Shoppe Inc., Vitamin World, Wholesale Nutrition Center,
  • Table: GNC Holdings Inc. - financial performance
  • Table: Vitamin Shoppe Inc. - financial performance
  • Table: Vitamin World - financial performance
  • Table: Wholesale Nutrition Center - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Health Stores in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Health Stores in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Convalescent
  • A person recovering from an illness or operation.
  • Dietary Supplement
  • A preparation intended to provide missing or insufficient quantities of nutrients in a person's diet.
  • Orthopedics
  • A branch of medicine that deals with the prevention or correction of injuries or disorders of the skeletal system and associated muscles, joints and ligaments.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Health Stores in California Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Health Stores in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Health Stores in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Health Stores in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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