Fitness first: As health consciousness increases, industry revenue will rise

The Health Food and Supplement Store Franchises industry has grown over the five years to 2018 because of its appeal to health-conscious consumers. The increasing awareness of the benefits of industry products provides a lucrative and expanding market for franchises. 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 2018, industry revenue is expected to grow. Over the five years to 2023, industry revenue growth is forecast to be more subdued...purchase to read more.

Industry Statistics & Market Size
Revenue
$640m
Annual Growth 13-18
2.1%
Forecast Growth 18-23
Profit
Employment
6,714
Businesses
3,426
Market Share of Companies

Industry Threats & Opportunities

  • Despite its overall expansion during the period, the industry has grappled with some barriers to revenue growth
  • The cost of purchasing food products from manufacturers has been relatively high
  • Mounting external competition will likely dampen potential industry revenue growth
  • Industry Report - Industry SWOT Analysis Chapter

    The Health Food and Supplement Store Franchises industry is currently in the mature life cycle stage. Over the 10 years to 2023, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to grow at an annualized rate of 0.1%, primarily the result of strong fluctuations in profit. Comparatively, US GDP is anticipated to increase at an average annual rate of 2.2% during the same period. The burgeoning elderly population, which has been increasingly using health food and supplements to bolster their health and wellness, has prompted industry revenue growth over the past five years. Mor...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's in this report

    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 aged 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Healthy Eating Index (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    The Health Food & Supplement Store Franchises industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    • Identify threats and opportunities
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    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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