Healthy growth: Rising health consciousness has supported strong revenue expansion

Firms in the industry develop and manufacture a vast range of vitamins and dietary supplements that are used in a variety of consumer goods including capsules, tablets, ready to drink shakes, protein powders and bars. Industry growth over the past five years has mainly been due to rising health-consciousness. A surge in the number of customers seeking to improve general wellbeing and physical appearance has supported demand for vitamins and supplements, whilst innovative product delivery formats, including powders, chewable products, shakes and bars have also been important factors in the industry’s impressive performance...read more.

Industry Statistics & Market Size
Revenue
£882.8m
Annual Growth 14-19
12.4%
Forecast Growth 19-24
Profit
Employment
3,154
Businesses
233

Industry Threats & Opportunities

  • Rising health consciousness and product innovation has supported industry growth
  • Many firms have sought to take advantage of consumer desires for muscle gain or weight loss
  • Older consumers are expected to seek products to improve wellbeing, to the benefit of the industry
  • Industry Report - Industry Key Buyers Chapter

    The Vitamin and Supplement Manufacturing industry exhibits a moderate level of market share concentration. The three largest players in the industry are estimated to account for 42.4% of revenue in 2018-19. The industry in characterised by small highly specialised companies that manufacture products perceived to provide specific health benefits. Major players in the industry have increased market share through new product innovations and branding. Companies such as The Hut Group have increased market share through acquisitions, which has increased market share concentration...purchase to read more.

    Additional Insights for the Vitamin & Supplement Manufacturing Industry

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

  • Access to highly skilled workforce
  • Access to high quality ingredients
  • Control of distribution arrangements
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Real household disposable income in the Vitamin & Supplement Manufacturing industry impact industry performance..

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    What's in this report

    What is the Vitamin & Supplement Manufacturing Industry?

    Firms in the industry manufacture vitamins and supplements consumed orally to supplement diets and provide useful nutrients. The industry excludes manufacturers of products required to treat illnesses.

    Industry Products
  • Vitamins
  • Dietary supplements
  • Sports nutrition
  • Meal replacement and weight loss products
  • Other vitamins and supplements
  • Industry Activities
  • Vitamin
  • Supplements
  • Fitness supplements
  • Weight loss supplements
  • Other vitamins and supplements
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Health consciousness
  • Real household disposable income
  • Consumer confidence index
  • Demand from supermarkets
  • Demand from gyms and fitness centres
  • Sport participation

  • Current Performance
  • Recommended growth
  • Supplemented growth
  • Vitalised profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Ageing demand
  • Industry profitability
  • Table: Vitamin & Supplement Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Supermarkets
  • Dispensing Chemists
  • Gyms & Fitness Centres

  • Key Selling Industries
  • Dairy Cattle Raising
  • Research and Experimental Development on Biotechnology

  • Products & Services
  • Vitamins
  • Dietary supplements
  • Sports nutrition
  • Meal replacement and weight loss products
  • Other vitamins and supplements
  • Chart: Vitamin & Supplement Manufacturing Industry Products and Services Segmentation

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

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

  • Basis of Competition
    Internal competitionExternal completion
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Vitamin & Supplement Manufacturing Industry

  • Industry Globalization
    The Hut Group Ltd, Vitabiotics Ltd,
  • Table: The Hut Group Ltd - financial performance
  • Table: Vitabiotics Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Vitamin & 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
    Table: Industry Data for the Vitamin & 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
    Supplements
  • Industry products consumed add to diet or enhance diet.
  • Vitamins
  • Group of organic compounds essential for general health.
  • Whey
  • Liquid remaining after milk has been curled and strained.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Vitamin & Supplement Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 & 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 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 & 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 & 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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