Vitamin and Supplement Stores in Australia - Industry Market Research Report
Description
Vitamin and Supplement Stores in Australia - Industry Market Research Report
Vitamin and Supplement Stores in Australia
Vitamin and supplement retailers have faced mixed conditions in recent years. Although demand for vitamins and supplements has grown, supported by rising health consciousness among consumers and associated wellness trends, external competitive forces have eroded demand for traditional vitamin and supplement retailers. Consumers are increasingly buying health and wellbeing products from competing pure-play online retailers, pharmacies and supermarkets, which generally have cheaper prices. While these trends were already occurring before the COVID-19 outbreak, the pandemic has accelerated them and significantly changed consumer purchasing patterns. Structural changes have occurred in retail channels as temporary vitamin and supplement store closures during the pandemic drove consumers to alternative channels for their vitamin purchases.
The industry includes bricks-and-mortar stores that primarily sell vitamins and supplements, along with related health foods. Online sales are included if the company also operates a bricks-and-mortar store. Pure-play online vitamin and supplement retailers are not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Vitamin and Supplement Stores in Australia
Vitamin and supplement retailers have faced mixed conditions in recent years. Although demand for vitamins and supplements has grown, supported by rising health consciousness among consumers and associated wellness trends, external competitive forces have eroded demand for traditional vitamin and supplement retailers. Consumers are increasingly buying health and wellbeing products from competing pure-play online retailers, pharmacies and supermarkets, which generally have cheaper prices. While these trends were already occurring before the COVID-19 outbreak, the pandemic has accelerated them and significantly changed consumer purchasing patterns. Structural changes have occurred in retail channels as temporary vitamin and supplement store closures during the pandemic drove consumers to alternative channels for their vitamin purchases.
The industry includes bricks-and-mortar stores that primarily sell vitamins and supplements, along with related health foods. Online sales are included if the company also operates a bricks-and-mortar store. Pure-play online vitamin and supplement retailers are not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
37 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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