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Health Stores in the US - Industry Market Research Report

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    Report

  • 48 Pages
  • March 2023
  • Region: United States
  • IBISWorld
  • ID: 239575

Apple a day: Industry growth will likely be limited by rising external competition from e-commerce

Rising incomes and shifting consumer preferences have translated into revenue growth for health stores in recent years. More than ever, consumers value the importance of active and healthy lifestyles. At the same time, higher incomes allow people to integrate vitamins, supplements and other health products into their daily lives. While this has benefited health stores, mounting competition from alternative retailers is offsetting the growing popularity of health and wellness products. A booming health and wellness market has incentivized a range of alternative retailers, from popular beauty stores (Sephora, Ulta) to pharmacies and big-box retailers (Target, Walmart), to expand offerings of health products. Still, industry revenue is rising at a CAGR of 5.8%, reaching an estimated $43.8 billion in 2023, when revenue will fall an expected 0.5%.

The Health Stores industry includes retailers that primarily sell health and personal care products. Industry establishments include nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes pharmacies and optical goods, perfume, cosmetics and beauty supply stores. Online sales are also excluded from 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's key players and their market shares.


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

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Gnc Holdings Inc.
  • Vitamin Shoppe Inc.
  • Vitamin World
  • Jackson Medical Supply Inc.

Methodology

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