Very healthy : A widening consumer base and growing income levels will bolster revenue, despite competition

The Health Food and Supplement Store Franchises industry has grown over the past five years because of its appeal to health-conscious consumers. Health-conscious consumers are increasingly purchasing alternative medicines, diet foods and natural remedies that are not available on traditional retail store shelves (e.g. chain grocery stores). Moreover, many health food and supplement store franchises have expanded their ancillary product offerings, such as allergy testing services and aromatherapy. Over the five years to 2016, industry revenue is expected to grow. In the next five years, the industry's grow will continue as consumers become increasingly health-conscious...read more.

Industry Statistics & Market Size
Revenue
$551m
Annual Growth 11-16
2.8%
Forecast Growth 16-21
Profit
Employment
6,595
Businesses
3,340
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • The increase in health-conscious consumers has been a boon to industry demand
  • External operators make the market for industry goods more price competitive
  • Mounting external competition will likely dampen potential industry revenue growth
  • Industry Report - Starting a New Business Chapter

    The Health Food and Supplement Store Franchises industry has a moderate level of barriers to entry. While the market share concentration in the industry is moderate, existing retailers have developed strong relationships with wholesale distributors, ensuring that they receive the most competitive prices that can then be passed on to customers, as the company maintains and expands its market share. Additionally, some players are subsidiaries of vertically integrated supplement manufacturing firms. This gives their retail operations a competitive price and supply advantage.There are significant upfront costs associated with opening a new franchise. For example, startup costs for opening a GNC franchise range from $192,117 to $354,217. Add...purchase to read more.

    Additional Insights for the Health Food & Supplement Store Franchises Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Health Food & Supplement Store Franchises Industry are

  • Ability to control stock on hand
  • Ability to alter goods and services produced in favor of market conditions
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Healthy eating index and External competition in the Health Food & Supplement Store Franchises industry impact industry performance..

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    What is the Health Food & Supplement Store Franchises Industry?

    This industry sells health food and nutritional supplements

    Industry Products
  • Health food
  • Vitamins, minerals and other dietary supplements
  • Sports nutrition products
  • Weight control products
  • Industry Activities
  • Retailing convalescent care products
  • Retailing first-aid products
  • Retailing orthopedic equipment
  • Retailing sports nutrition equipment
  • Retailing vitamin and mineral supplements
  • 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
  • External competition
  • Per capita disposable income
  • Median age of population
  • Research and development expenditure

  • Current Performance
  • Regulatory landscape
  • Competitive pressures
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Competitive landscape
  • Regulations
  • Industry structure
  • Table: Health Food & Supplement Store Franchises Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health Food & Supplement Store Franchises Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

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

  • Products & Services
  • Sports nutrition products
  • Vitamins, minerals and other dietary supplements
  • Health food
  • Weight control products
  • Other
  • Chart: Health Food & Supplement Store Franchises Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers 65 and older
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the Health Food & Supplement Store Franchises Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Health Food & Supplement Store Franchises

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health Food & Supplement Store Franchises Industry

  • Industry Globalization
    GNC
  • Table: GNC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Health Food & Supplement Store Franchises 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 Food & Supplement Store Franchises Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Healthy Eating Index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dietary Supplement
  • A preparation intended to provide missing or insufficient quantities of nutrients in a person's diet.
  • Genetically Modified Organism (Gmo)
  • Any organism that includes genetic material that has been altered using genetic engineering techniques.
  • Point-Of-Sale (Pos) Systems
  • POS systems are computerized replacements for cash registers, which typically enable retailers to manage inventory and track customer orders.
  • Why buy this report?

    IBISWorld’s Health Food & Supplement Store Franchises 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 Food & Supplement Store Franchises 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 Food & Supplement Store Franchises:
    • 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 Food & Supplement Store Franchises 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 Food & Supplement Store Franchises, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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