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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 | Jul 2013

Healthy growth: Increasing health consciousness and sports participation will enhance industry performance

IBISWorld’s Vitamin and Supplement Stores 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
Eu Yan Sang Australia Pty Ltd Eu Yan Sang Australia Pty Ltd market share
Industry Statistics & Market Size
Revenue
$458m
Annual Growth 09-14
3.9%
Annual Growth 14-19
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Profit
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Employment
2,412
Businesses
768
Industry Analysis & Industry Trends

The Vitamin and Supplement Stores industry has toughened up after lacklustre growth during the post-financial crisis years. Over this period, consumer expenditure on vitamins and supplements fell, amid low sentiment and increased levels of savings. Consumers seeking vitamins and supplements shifted to cheaper, low value-added varieties sold through supermarkets, grocery stores and pharmacies. However, as the economy picked up, consumers again returned to specialist vitamin and supplement stores. The industry has been further assisted by recovering consumer confidence and growing health consciousness. Employee product knowledge has been a key area of industry growth, with customers willing to pay extra for advice on healthy eating and suitable dietary supplements... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Vitamin and Supplement Stores industry operates with a low level of market share concentration. With no major players commanding a significant market share, the industry is highly fragmented. Healthy Life has the highest number of franchised stores in the market, which together are estimated to account for 15.1% of the market. GNC LiveWell stores are collectively estimated to account for 4.0% of industry revenue.

Over the next five years, a greater number of vitamin and supplement stores are expected to enter the market and capitalise on the growing demand for health products. These will include both franchised and independently owned stores... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Vitamin and Supplement Stores Industry?

This industry consists of physical stores that mainly sell vitamins and supplements, together with related health foods.

Industry Products
Health foodsHealth and wellbeing productsFitness and weight loss productsSport nutrition products
 
Industry Activities
Selling vitamins and mineralsSelling nutritional supplementsSelling sports supplementsSelling health foodsProviding advisory and consultative servicesSelling vitamins and mineralsSelling nutritional supplementsSelling sports supplementsSelling health foodsProviding advisory and consultative services


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