Vitamin & Supplement Manufacturing in the US - Industry Market Research Report
Description
Vitamin & Supplement Manufacturing in the US
Rising pharmaceutical drug prices, increased media coverage on health and wellness trends and a rise in research on diet-related illnesses have encouraged consumers of all ages to turn to dietary supplements. Due to increased demand for health supplements caused by the COVID-19 outbreak, industry revenue grew at a CAGR of 1.6% to $39.8 billion over the past five years. However, revenue growth will slow as demand normalizes to pre-pandemic levels. In 2023 alone, rising household income levels and sports participation rates will cause revenue to rise 1.0%, with profit reaching 6.5%.
Vitamin and supplement manufacturers primarily develop and manufacture products that are consumed by mouth and contain an ingredient intended to supplement the diet. Key groups within this industry include standard vitamin and mineral supplements, as well as sports nutrition products and herbal supplements. This industry excludes manufacturers of energy drinks, infant formula and prescription or over-the-counter (OTC) medications used to prevent or treat illnesses.
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."
Rising pharmaceutical drug prices, increased media coverage on health and wellness trends and a rise in research on diet-related illnesses have encouraged consumers of all ages to turn to dietary supplements. Due to increased demand for health supplements caused by the COVID-19 outbreak, industry revenue grew at a CAGR of 1.6% to $39.8 billion over the past five years. However, revenue growth will slow as demand normalizes to pre-pandemic levels. In 2023 alone, rising household income levels and sports participation rates will cause revenue to rise 1.0%, with profit reaching 6.5%.
Vitamin and supplement manufacturers primarily develop and manufacture products that are consumed by mouth and contain an ingredient intended to supplement the diet. Key groups within this industry include standard vitamin and mineral supplements, as well as sports nutrition products and herbal supplements. This industry excludes manufacturers of energy drinks, infant formula and prescription or over-the-counter (OTC) medications used to prevent or treat illnesses.
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
45 Pages
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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