Daily value: Growing interest in nutrition and an aging population will boost industry demand

The rapidly growing Health Stores industry has performed well during the five years to 2017. The needs of the aging population, trends toward healthier living, robustly growing per capita disposable income and escalating healthcare costs have contributed to the industry's growth. In particular, changing attitudes toward personal healthcare are driving demand for both natural and antiaging products. Over the past five years, rising demand for dietary supplements and sports nutrition products has significantly propelled industry revenue upward. The Health Stores industry is expected to continue growing, albeit more slowly, over the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$24bn
Annual Growth 12-17
4.5%
Forecast Growth 17-22
Profit
Employment
200,963
Businesses
103,459
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • Rising demand for dietary supplements and sports nutrition products has significantly propelled industry revenue upward
  • Sports nutrition products represent the largest and fastest-growing product segment
  • The industry’s customer base will continue growing due to the aging US population
  • Industry Report - Industry SWOT Analysis Chapter

    The Health Stores industry is in the mature phase of its life cycle. During the 10 years to 2022, industry-value added (IVA), which measures the industry's contribution to the overall economy, is forecast to grow at an annualized 1.3%, while GDP is projected to expand at an annualized rate of 2.0% during the same period. IVA growth closely mirroring that of the overall economy typically indicates a mature industry.Although new product introductions occur regularly within the industry, the majority of stores sell homogenous products. Even so, product innovations have been facilitating revenue growth in the past five years, and have experienced wholehearted market acceptance in the United States as consumers embrace healthy consumption patterns and lifestyles. The...purchase to read more.

    Additional Insights for the Health Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Health Stores 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 Healthy eating index and Per capita disposable income in the Health Stores industry impact industry performance..

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    What is the Health Stores Industry?

    The Health Stores industry includes retailers that primarily sell health and personal care products. Industry establishments include 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
  • Vitamin and mineral supplements
  • Convalescent care products
  • Orthopedic equipment and first-aid supplies
  • Sports nutrition products
  • Industry Activities
  • Retailing convalescent care products
  • Retailing first-aid products
  • Retailing orthopedic equipment
  • Retailing sports nutrition equipment
  • Retailing vitamin and mineral supplements
  • Retailing otological equipment
  • 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
  • Median age of population
  • Percentage of services conducted online
  • Research and development expenditure

  • Current Performance
  • Healthy demand
  • Regulatory and competitive threats
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population boosts demand
  • Regulation
  • Competition and profit
  • Table: Health Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health Stores 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
  • Sports nutrition products
  • Vitamin and mineral supplements
  • Convalescent care products
  • Other
  • Orthopedic equipment and first-aid supplies
  • Chart: Health Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers aged 65 and older
  • Consumers under the age of 25
  • Chart: Major Market Segmentation for the Health Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Health Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health Stores Industry

  • Industry Globalization
    GNC Holdings Inc.Vitamin Shoppe Inc.
  • Table: GNC Holdings Inc. - financial performance
  • Table: Vitamin Shoppe Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Health Stores 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Healthy eating index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • Why buy this report?

    IBISWorld’s Health Stores Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Health Stores industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

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

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