Overview

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

IBISWorld’s industry research report on Health Stores can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Favorable attitudes toward healthy living are anticipated to drive demand for health stores
  • New natural products have been major drivers of growth over the past five years
  • The industry’s customer base will continue growing due to the aging US population
  • Industry Analysis & Industry Trends

    Despite struggles across the entire retail sector, the rapidly growing Health Stores industry has performed well over the past five years. The needs of the aging population, trends toward increased healthy living and improving per capita disposable income are all contributing to the industry's growth. In particular, changing attitudes toward personal healthcare are driving demand for natural and antiaging products. As a result, revenue is expected to rise over the five years to 2017, and moderate growth is expected to continue during the next five years. Despite cost-reduction efforts, profit margins are expected to fall, as competition from new market entrants, mass merchandisers and online retailers intensifies and drives down prices.

    Industry Report - Industry Locations Chapter

    The Health Stores industry is highly fragmented, consisting of a large number of establishments located throughout the country that primarily serve local markets. The geographical dispersion of the industry largely reflects the population, age and household income distribution in the United States. Store locations are integral to a company's success in the industry. Operators target retail sites that are located in high traffic areas, have easy access and good visibility from major roadways and convenient parking.

    Major industry player Vitamin Shoppe Inc. (VS

    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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    Industry Products

    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
    First-aid products
    Convalescent care products
    Orthopedic equipment
    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
  • Orthopedic equipment
  • Sports nutrition products
  • First-aid products
  • Other
  • Convalescent care products
  • 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 aged 24 and younger
  • Chart: Major Market Segmentation for the Health Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationOther
  • 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
    Major Companies
    General Nutrition Centers Inc.Vitamin Shoppe Inc.
  • Table: General Nutrition Centers Inc. - financial performance
  • Table: Vitamin Shoppe Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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 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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