Sweet gains: Strong demand for innovative sports nutrition products has boosted revenue

The Vitamin and Supplement Manufacturing industry is expected to perform strongly over the five years through 2018-19. 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 boosted industry revenue over the past five years, with sales of vitamins and supplements increasing at supermarkets, pharmacies and specialist stores...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
6.0%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
2,852
Businesses
75
Market Share of Companies

Industry Threats & Opportunities

  • Rising health consciousness and growing demand have boosted industry revenue growth
  • The industry has benefited from supermarkets dedicating more space to vitamins and supplements
  • The industry will derive support from increasing interest in fitness, health and wellbeing

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    Industry Report - Industry Key Buyers Chapter

    Despite the dominant position of the Blackmores and Swisse brands at the retail level, the upstream manufacturing industry is characterised by low level of market share concentration. The top four industry players are estimated to account for less than 40% of industry revenue in 2018-19. The industry includes many contract pharmaceutical manufacturers that manufacture for a range of different companies that mainly specialise in marketing products. The industry's market share concentration has increased in the past five years.At the retail level, Blackmores and Swisse are projected to remain the dominant players over the next five years. The...purchase to read more.

    Additional Insights for the Vitamin and Supplement Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Vitamin and Supplement Manufacturing 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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    What's in this report

    Industry Products

    What is the Vitamin and Supplement Manufacturing Industry?

    Vitamin and supplement manufacturers develop and produce goods that are consumed orally and contain one or more ingredients supplementing the diet. The industry excludes manufacturers of products used to prevent or treat illnesses. It also excludes companies that develop and market vitamins, but rely on contract manufacturers to produce them.

    Industry Products
  • Health and wellbeing products
  • Sports and active nutrition products
  • Weight management products
    • Industry Activities
  • Vitamins
  • Supplements
  • Fitness supplements
  • Weight-loss supplements
  • Other vitamins and supplements
    • 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
  • Export growth
  • Profit and participation
  • Chart: Revenue Growth

    • Industry Outlook
  • Expanding product portfolios
  • International trade
  • Changing channels
  • 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
  • Sports and active nutrition products
  • Weight management products
  • Chart: Vitamin and Supplement Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Pharmacies
  • Export markets
  • Supermarkets
  • 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
  • Profit
  • Purchases
  • Wages
  • Depreciation and other
  • 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

    Sanofi-Aventis Australia Pty Limited,
  • Table: Sanofi-Aventis Australia Pty Limited - 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

    • 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 that allows for the supply of goods registered.
    • Complementary Medicine
  • Under Australian legislation, complementary medicines are classified as a therapeutic good, which is a form of medication to be taken with conventional medical treatment.
    • Daigou
  • Daigous are shopping agents that purchase products in Australia on behalf of buyers in mainland China, and represent a grey market channel.
    • Functional Supplements
  • Supplements that promote physical development such as muscle gain or enhanced endurance. These are mostly used in a sport-related context.
    • What Our Customers Say
    Why buy this report?

    The Vitamin and Supplement Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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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