Picture of health: Rising health consciousness has boosted industry revenue

The Vitamin and Supplement Manufacturing industry is expected to perform strongly over the five years through 2017-18. 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 13-18
7.3%
Forecast Growth 18-23
x.x%lock
Profit
x.x%lock
Employment
2,502
Businesses
74
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

    • shopping_cartPURCHASE OPTIONS Whats in this report faqs Download Sample
    IBISWorld client - ADP Watch Testimonial
    ... DigiCert Seal

    Industry Report - Industry Locations Chapter

    The geographic distribution of the Vitamin and Supplement Manufacturing industry echoes that of the wider pharmaceuticals sector where most pharmaceutical companies have chosen to locate in Melbourne and Sydney to take advantage of market size and infrastructure provided. This includes a large 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 2017-18.Furthermore, industry operators that heavily engage in trade are expected to locate themselves close to coastal regions, with close access to ports and transport infrastructure. As ...purchase to read more.

    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..

    shopping_cartPURCHASE OPTIONS

    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.

    Industry Products
  • Health and wellbeing products
  • Sports and active nutrition 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 drivers
  • Profit and participation
  • Chart: Revenue Growth

    • Industry Outlook
  • Expanding product portfolios
  • International trade patterns
  • 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
  • Chart: Vitamin and Supplement Manufacturing Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Export markets
  • Pharmacies
  • 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
  • Chart: Cost Structure Benchmarking – Sector vs Vitamin and Supplement Manufacturing

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

    • Industry Globalization

    Major Companies

    Blackmores Limited, Swisse 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

    • 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.
    • Daigou
  • Daigous are shopping agents which purchase products in Australia on behalf of buyers in mainland China. This represents a grey market channel.
    • Functional Supplements
  • Supplements that promote physical development such as muscle gain or enhanced endurance. These are mostly used within the context of sport.
    • What Our Customers Say
    Why buy this report?

    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.

    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.

    Join IBISWorld today

    Become a Member shopping_cartPURCHASE OPTIONS

    Contact Us

    Want to speak to a representative? Call us.

    phone +61 3 9655 3800    OR     Enquire Here
    clear