Health Stores in the US - Industry Market Research Report

Health Stores in the US - Industry Market Research Report

  • July 2021 •
  • 41 pages •
  • Report ID: 198918 •
  • Format: PDF
Wellness check: An aging population and rising per capita disposable income will fuel the industry’s recovery

Abstract

Health Stores in the US
The Health Stores industry has grown over the five years to 2019. The needs of the aging US population, trends toward healthier living and robust growth in per capita disposable income have contributed to the industry’s growth. In particular, changing attitudes toward personal healthcare are driving demand for sports nutrition and vitamin and mineral products. The Health Stores industry is expected to continue growing over the five years to 2024. Despite efforts to reduce costs, profit is expected to decrease amid intensifying competition from new market entrants, mass merchandisers and online retailers. Nonetheless, several trends will boost industry growth. For example, the aging population and favorable attitudes toward healthy living are anticipated to continue driving demand for vitamin products, while rising per capita disposable income will enable more consumers to purchase products such as protein and sports supplements. Meanwhile, healthcare reform will encourage the use of preventive and alternative medicine, driving demand for dietary supplements.

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 key players and their market shares.
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