Overview

Growing strong: Solid export growth helps supplement industry revenue

IBISWorld’s Vitamin and Supplement Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Higher import prices are projected to prompt industry players to expand their product range

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    Industry Analysis & Industry Trends

    The Vitamin and Supplement Manufacturing industry is expected to perform strongly over the five years through 2016-17. The industry has grown due to increased consumer expenditure on vitamins and supplements and strong export opportunities. The industry is influenced by changes in consumer health consciousness, real household discretionary income and downstream demand from food and other retailers that stock the industry's products. Factors such as the exchange rate and consumer sentiment can also affect industry demand, revenue and profit margins.

    Rising consumer health consciousness and growing demand have helped boost industry revenue over the past five years, with sales of vitamins and supplements increasing at supermarkets and specialist stores...

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    What is the Vitamin and Supplement Manufacturing industry?

    The geographic distribution of the Vitamin and Supplement Manufacturing industry primarily follows the east coast of Australia. This is due to the proximity to large high-density cities that house downstream markets, which reduces distribution and storage costs. Additionally, this places industry enterprises closer to a larger body of skilled and educated employees and research institutions, such as universities, which assist with product development and the hiring of skilled staff. As a result, New South Wales and Victoria are anticipated to account for approximately two-thirds of industry establishments in 2016-17...

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    Additional Insights for the Vitamin and Supplement Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Vitamin and Supplement Manufacturing Industry are

  • Access to highly skilled workforce
  • Production of goods currently favoured by the market
  • Access to the latest available and most efficient technology and techniques
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Real household discretionary income in the Vitamin and Supplement Manufacturing industry impact industry performance..

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    Look under the hood?

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    Products & Brands

    Major products in this industry
    Health and wellbeing products
    Dietary and weight control products
    Fitness and functional supplements
    Examples of brands in this Industry
    BioCeuticals
    Blackmores
    Swisse

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Health consciousness
  • Real household discretionary income
  • Trade-weighted index
  • Demand from supermarkets and grocery stores
  • Consumer sentiment index

  • Current Performance
  • Strong revenue growth
  • Favourable conditions
  • Import competition
  • Export growth drivers
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Strong revenue growth
  • Favourable conditions
  • Import competition
  • Table: Vitamin and Supplement Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Vitamin and Supplement Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health Services
  • Supermarkets and Grocery Stores
  • Pharmacies

  • Key Selling Industries
  • Basic Inorganic Chemical Manufacturing
  • Medical and Scientific Equipment Wholesaling
  • Pharmaceutical Product Manufacturing

  • Products & Services
  • Health and wellbeing products
  • Dietary and weight control products
  • Fitness and functional supplements
  • Chart: Vitamin and Supplement Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Supermarkets
  • Pharmacies
  • Specialty stores
  • Other markets
  • Chart: Major Market Segmentation for the Vitamin and Supplement Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Vitamin and Supplement Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vitamin and Supplement Manufacturing Industry

  • Industry Globalization
    Major Companies
    Blackmores LimitedSwisse Wellness Pty Ltd
  • Table: Blackmores Limited - financial performance
  • Table: Swisse Wellness Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Vitamin and Supplement Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Vitamin and Supplement Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Australian Register Of Therapeutic Goods
  • A register administrated by the Australian Therapeutic Goods Administration allowing for the supply of goods registered.
  • Complementary Medicine
  • Under Australian legislation, complementary medicines are classified as a therapeutic good, a form of medication to be taken with conventional medical treatment.
  • Functional Supplements
  • Supplements that promote physical development such as muscle gain or enhanced endurance. These are mostly used within the context of sport.
  • Pharmaceuticals Partnership Program
  • A program by the Australian Government to stimulate investment in manufacturing, R&D and clinical trials of pharmaceutical goods in Australia.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Vitamin and Supplement Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Vitamin and Supplement Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Vitamin and Supplement Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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