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 Products Chapter
The Vitamin and Supplement Stores industry provides a range of products and services for customers. The industry's products can be broadly segmented into four areas: health and wellbeing, fitness and weight loss, sports nutrition and health foods. Stores typically employ knowledgeable staff, sometimes with qualifications in nutritional science, to advise customers on the most suitable industry products to purchase. Certain industry segments have performed strongly over the past five years, as health consciousness has grown among consumers.
Health and wellbeing products
The health and wellbeing segment includes a range of general health products. Health and wellbeing products include women's, men's and children's multivitamins and herbal supplements... purchase to read more