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

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 Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • As discretionary income continues to increase, more consumers will trade up to premium, all-natural and organic products
  • Growth of specialty products has helped lift industry profitability
  • Demand for age-specific products are anticipated to support the industry
  • 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 less than 25.0% of market in 2018. Due to the wide range of products offered, the market for dietary supplements remains highly fragmented, with only one company expected to account for greater than a 5.0% share of the market. Although larger operators such as NBTY and Pharmavite (industry-relevant division of Otsuka Pharmaceutical) manufacture a variety of dietary supplements across all product groups, most operators choose to specialize in a particular product segment. For...purchase to read more.

    Additional Insights for the Vitamin & Supplement Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Vitamin & Supplement Manufacturing Industry are

  • Production of goods currently favored by the market
  • Having marketing expertise
  • Control of distribution arrangements
  • IBISWorld analysts also discuss how external factors such as Healthy eating index and Per capita disposable income in the Vitamin & Supplement Manufacturing industry impact industry performance..

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    What's in this report

    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 minerals
  • Herbal and botanical
  • Protein powder
  • Meal replacements and weight-loss products
  • Specialty and elite sports nutritionals
  • Industry Activities
  • Dietary supplement development
  • Dietary supplement
  • Formulating new supplement blends
  • Mixing, pressing and encapsulating raw ingredients into pill or tablet form
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Healthy eating index
  • Per capita disposable income
  • Regulation for the Vitamin & Supplement Manufacturing industry
  • Number of adults aged 50 and older
  • Participation in sports

  • Current Performance
  • Shifting demographics
  • Emerging demand from the mass market
  • Trade and industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population boosts demand
  • Regulatory hurdles
  • Industry landscape
  • Table: Vitamin & Supplement Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Vitamin & Supplement Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Drug, Cosmetic & Toiletry Wholesaling
  • Supermarkets & Grocery Stores
  • Convenience Stores
  • Pharmacies & Drug Stores
  • Health Stores
  • Warehouse Clubs & Supercenters

  • Key Selling Industries
  • Chemical Product Manufacturing
  • Hay & Crop Farming
  • Medical Device Manufacturing
  • Navigational Instrument Manufacturing

  • Products & Services
  • Vitamins and minerals
  • Herbal and botanical
  • Protein powder
  • Meal replacements and weight-loss products
  • Specialty and elite sports nutritionals
  • Other
  • Chart: Vitamin & Supplement Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Consumers
  • Exports
  • Chart: Major Market Segmentation for the Vitamin & Supplement Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Vitamin & Supplement Manufacturing

  • Basis of Competition
  • Quality, safety and efficacy
  • Price
  • Supply chain agreements
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vitamin & Supplement Manufacturing Industry

  • Industry Globalization
    Nature's Bounty Co.,
  • Table: Nature's Bounty Co. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Vitamin & Supplement Manufacturing 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 Vitamin & Supplement Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Consumer spending (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • Something that is related to or made from plants.
  • Current Good Manufacturing Practices (Cgmp)
  • production guidelines for supplement manufacturers that are designed and enforced by the FDA
  • Dietary Supplement
  • A product taken by mouth that contains a "dietary ingredient", such as a vitamin, mineral, herb or amino acid, intended to supplement the diet.
  • Generally Recognized As Safe (Gras)
  • Any dietary ingredient or other substance that has been on the market for several years, and has been shown to have little or no harmful effects on health
  • Herbal
  • Something that is related to or made from herbs.
  • Hplc
  • High performance liquid chromatography; an advanced chemical test that determines whether a product contains a specific ingredient or not.
  • Mineral
  • A solid inorganic substance of natural occurrence.
  • New Dietary Ingredient (Ndi)
  • Defined by the FDA as any dietary ingredient that was not sold in the United States prior to October 1994.
  • Nootropic
  • Any supplement that enhances cognitive ability, memory formation, focus, social skills and overall mental health.
  • Vitamin
  • An organic compound that is essential for normal growth and nutrition and required in small quantities in the diet because the body cannot synthesize it.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Vitamin & Supplement Manufacturing provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Vitamin & Supplement Manufacturing:
    • 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 Vitamin & Supplement Manufacturing 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 Vitamin & Supplement Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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