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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 | Aug 2016

Bitter pill: Strong external competition is reducing industry revenue despite higher demand

IBISWorld’s Vitamin and Supplement Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
Mass Training Facility Mass Training Facility market share
Worldwide Sports Nutrition Worldwide Sports Nutrition market share
Industry Statistics & Market Size
Revenue
$456m
Annual Growth 12-17
-0.8%
Annual Growth 17-22
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Profit
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Employment
1,826
Businesses
250
Industry Analysis & Industry Trends

The Vitamin and Supplement Stores industry has had an uneven performance over the past five years. Demand for vitamins and supplements has been growing, supported by rising health consciousness among consumers and increased gym memberships. These trends have supported revenue growth over the past three years, including an expected 2.7% increase in 2016-17. However, strong sales growth from competing pure-play online retailers, supermarkets and pharmacies has constrained growth over the past five years. These competitors have lower marginal costs and have undercut the prices of industry operators. Industry operators have been forced to reduce prices to retain customers over the past five years... purchase to read more

Industry Report - Industry Analysis Chapter

The Vitamin and Supplement Stores industry has benefited from strong demand for gym and fitness centre memberships over the past five years, as more Australians have aimed to improve their health and wellbeing. Many of these consumers have sought to complement these activities with vitamins and supplements. Rising demand for industry products is expected to contribute to industry revenue growth over the three years through 2016-17. However, external competition has constrained industry revenue growth as supermarkets, pharmacies and online retailers have seized market share by rapidly expanding their range of vitamins and supplements to make use of consumers' growing health awareness... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Vitamin and Supplement Stores Industry?

This industry includes bricks-and-mortar stores that primarily sell vitamins and supplements, along with related health foods. Online sales are included if the company also operates a bricks-and-mortar store. Pure-play online vitamin and supplement retailers 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 foods


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