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Vitamin and Supplement Stores in Australia: Market Research Report

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

Vitamin and Supplement Stores Market Research Report | Consumer Goods & Services | Lifestyle Goods Stores | Feb 2016

In poor health: Strong external competition is reducing industry revenue despite higher demand

IBISWorld’s Vitamin and Supplement Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Eu Yan Sang Australia Pty Ltd Eu Yan Sang Australia Pty Ltd market share
Go-Vita Health & Nutrition Centres Go-Vita Health & Nutrition Centres market share
Industry Statistics & Market Size
Revenue
$170m
Annual Growth 11-16
-3.9%
Annual Growth 16-21
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Profit
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Employment
1,119
Businesses
255
Industry Analysis & Industry Trends

The Vitamin and Supplement Stores industry has performed poorly over the past five years. After a brief period of growth over the two years through 2011-12, industry revenue has declined steadily. Over the past five years, consumer expenditure on vitamins and supplements has grown strongly as consumers have become more concerned with healthy eating and living. However, many consumers seeking vitamins and supplements have shifted to cheaper varieties sold through supermarkets, grocery stores and pharmacies over the past five years.

The growing popularity of personal fitness, the boom in gym membership sales and attendance, and overall increased demand for fitness centres helped support industry revenue growth in the two years through 2011-12... purchase to read more

Industry Report - Industry Investment Chapter

The Vitamin and Supplement Stores industry exhibits a low level of capital intensity. The industry is highly dependent on labour to conduct tasks such as sales, store maintenance, stocking and sourcing industry products and providing advice to consumers regarding vitamins and supplements. Some vitamin and supplements stores employ dietitians, nutritionists and other health-related professionals to provide advisory and consultative services to consumers. In 2015-16, for every dollar spent on wages, the industry invests $0.11 on capital investment. Over the past five years, capital intensity has been mostly stable as the industry remains dependent on labour... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Vitamin and Supplement Stores Industry?

This industry consists of bricks-and-mortar stores that primarily sell vitamins and supplements, together with related health foods. Online vitamin and supplement stores are not included in the industry.

Industry Products
Health foodsHealth and wellbeing productsFitness and weight loss productsSport nutrition products
 
Industry Activities
Selling vitamins and mineralsSelling nutritional supplementsSelling sports supplementsSelling health foodsSelling vitamins and mineralsSelling nutritional supplementsSelling sports supplementsSelling health foods


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