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

Over the five years to 2017, the Vitamin and Supplement Manufacturing industry in New York has exhibited strong growth. New Yorkers have become increasingly active and health conscious which has contributed to increasing demand for new dietary and sports nutritional supplements. Furthermore, New Yorkers have experienced sizable growth in per capita disposable income which has enabled them to spend more on supplements, while key demographics have simultaneously grown. Over the next five years, overall revenue growth is projected to remain strong as the population of New York continues to age. Industry operators are also expected to increase their use of the Internet to sell their own proprietary supplement products over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
2,814
Businesses
93

Industry Threats & Opportunities

  • New Yorkers have become increasingly active and health conscious which has contributed to increasing demand
  • Vitamin and supplement manufacturers in New York have experienced growing revenue
  • Demand from younger consumers is forecast to increase significantly
  • Industry Report - Starting a New Business Chapter

    Operators within the Vitamin and Supplement Manufacturing industry in New York benefit from moderate barriers to entry. New entrants must tailor their operations to Food and Drug Administration regulations as well as establish rigorous quality assurance protocols. Also, the machinery and equipment used to manufacture vitamins and supplements can be very costly for a new business. Furthermore, investing in developing new, proprietary supplements is a costly endeavor that many established industry operators do not undertake. Building credibility is incredibly important within this industry because of the potential health hazards of unsafe vitamins and supplements. As ...purchase to read more.

    Additional Insights for the Vitamin & Supplement Manufacturing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Vitamin & Supplement Manufacturing in New York 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 Per Capita Disposable Income in New York and Participation in sports in the Vitamin & Supplement Manufacturing in New York industry impact industry performance..

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    What's in this report

    What is the Vitamin & Supplement Manufacturing in New York Industry?

    Vitamin and supplement manufacturers primarily develop and manufacture products that are consumed orally and contain an ingredient intended to supplement the diet. Key products 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
  • Sports nutrition and meal replacements
  • Herbal and botanical
  • Other supplement products
  • 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
  • Per Capita Disposable Income in New York
  • Participation in sports
  • Population of New York
  • Healthy eating index
  • Regulation for the Vitamin & Supplement Manufacturing industry

  • Current Performance
  • Shifting demographics
  • Fluctuating product mix
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer demographics
  • Regulatory obstacles
  • Trade and industry structure
  • Table: Vitamin & Supplement Manufacturing in New York Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Vitamin & Supplement Manufacturing in New York 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

  • Products & Services
  • Vitamins and minerals
  • Sports nutrition and meal replacements
  • Other supplement products
  • Herbal and botanical
  • Chart: Vitamin & Supplement Manufacturing in New York Industry Products and Services Segmentation

  • Major Markets
  • Retailers
  • Wholesalers
  • Consumers
  • Exports
  • Chart: Major Market Segmentation for the Vitamin & Supplement Manufacturing in New York Industry

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vitamin & Supplement Manufacturing in New York Industry

  • Nature's Bounty Co., Tishcon Corporation, Gemini Pharmaceuticals Inc., NutraScience Labs,
  • Table: Nature's Bounty Co. - financial performance
  • Table: Tishcon Corporation - financial performance
  • Table: Gemini Pharmaceuticals Inc. - financial performance
  • Table: NutraScience Labs - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Vitamin & Supplement Manufacturing in New York 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 in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • NY - Per Capita Disposable Income in New York (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Botanical
  • 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 Market Report on Vitamin & Supplement Manufacturing in New York is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 in New York:
    • 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 in New York 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 in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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