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