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Vitamin & Supplement Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Vitamin & Supplement Manufacturing Market Research Report | NAICS 32541d | Mar 2017

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

IBISWorld’s Vitamin & Supplement Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • As discretionary income continues to increase, more consumers will trade up to premium, all-natural and organic products
  • The vitamin and minerals product segment has shrunk as a share of industry revenue
  • Demand for age-specific products are anticipated to support the industry
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Industry Analysis & Industry Trends

The Vitamin and Supplement Manufacturing industry has grown rapidly over the past five years, benefiting from increased demand from a larger mainstream, health-conscious consumer base and an increasingly aging population. In the coming years, the industry is anticipated to benefit from the same trends that have supported its growth in the past, including increasing health expenditure and growing interest in wellness and nutrition among mainstream consumers. As discretionary income continues to strengthen, more consumers will trade up to premium, all-natural and organic products, helping lift industry revenue... ... purchase to read more

Industry Report - Industry Investment Chapter

The Vitamin and Supplement Manufacturing industry has a moderate level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld anticipates that for every $1.00 spent on labor in the industry, $0.23 will be spent on capital in 2017. Wages have historically accounted for a larger portion of revenue due to operators' reliance on skilled workers to formulate, test and package dietary supplements. Manufacturers hire chemists, biologists, marketing specialists and other professionals who demand above average salaries. However, wages' share of revenue has declined over the past five years, as operators have slowed down new hiring to lower labor costs and invested in more machinery to automate a greater share of the production process.

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Additional Insights for the Vitamin & Supplement Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Vitamin & Supplement Manufacturing 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 Healthy eating index and Per capita disposable income in the Vitamin & Supplement Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Vitamin & Supplement Manufacturing Industry?

    Vitamin and supplement manufacturers primarily develop and manufacture products that are consumed by mouth and contain an ingredient intended to supplement the diet. Key groups 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 MineralsHerbal and botanicalProtein powderMeal replacements and weight loss productsSpecialty and elite sports nutritionals
    Industry Activities
    Dietary supplement developmentDietary supplementFormulating new supplement blendsMixing, pressing and encapsulating raw ingredients into pill or tablet form

    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
  • Regulation for the Vitamin & Supplement Manufacturing industry
  • Number of adults aged 50 and older
  • Participation in sports
  • Current Performance
  • Shifting demographics
  • Emerging demand from the mass market
  • Trade and industry structure
  • Chart: Revenue Growth
  • Industry Outlook
  • Shifting demographics
  • Regulatory hurdles
  • Trade and industry structure
  • Table: Vitamin & Supplement Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Vitamin & Supplement Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    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
  • Navigational Instrument Manufacturing
  • Products & Services
  • Vitamins and Minerals
  • Herbal and botanical
  • Protein powder
  • Meal replacements and weight loss products
  • Specialty and elite sports nutritionals
  • Other
  • Chart: Vitamin & Supplement Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Retailers
  • Wholesalers
  • Direct-to-Consumer
  • Exports
  • Chart: Major Market Segmentation for the Vitamin & Supplement Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Vitamin & Supplement Manufacturing
  • Basis of Competition
  • Quality, safety and efficacy
  • Price
  • Supply chain agreements
  • External Competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vitamin & Supplement Manufacturing Industry
  • Industry Globalization
    Major Companies
  • Table: NBTY - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Vitamin & Supplement Manufacturing 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 Vitamin & Supplement Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • 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.

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

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