Health Food & Supplement Store Franchises
The Health Food and Supplement Store Franchises industry has grown over the five years to 2019 because of its appeal to health-conscious consumers. Health-conscious consumers are increasingly purchasing alternative medicines, diet foods and natural remedies that are not available on traditional retail store shelves (e.g. chain grocery stores). Despite its overall expansion during the period, the industry has grappled with some barriers to revenue growth. Food processing companies are consolidating, which has given them the leverage required to negotiate high-cost supply-side contracts with industry franchises. Over the five years to 2024, industry revenue is forecast to continue growing. Many retailers, such as grocery stores, may expand their product portfolio of organic, non-GMO products to tap into demand from health-conscious consumers, cutting into demand for products sold by industry operators. Despite this, industry franchises will benefit from the burgeoning elderly population focusing on bolstering their health and wellness, spurring consumer demand for nutritional supplements.
This industry sells health food and nutritional supplements.
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.
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