Vitamin, Nutritional Supplement & Other Health-Related Product Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 2/8/2021
SIC Codes: 2833
NAICS Codes: 325411
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Vitamin, Nutritional Supplement & Other Health-Related Product Manufacturing Industry Profile

Companies in this industry develop and manufacture vitamins, nutritional supplements, herbal remedies, and other natural health products. Major companies include Amway, Herbalife Nutrition, Nature's Bounty, and USANA (all based in the US), as well as Arkopharma (France), Nelsons (UK), Tong Ren Tang (China), and divisions of companies such as Pfizer and Procter & Gamble (both based in the US).

The estimated global market size of dietary supplement is about $123 billion in 2019, according to Grand View Research. Growth is strongest in emerging markets such as China, India, and Brazil that have expanding middle-class and elderly populations.

The US vitamin and nutritional supplement industry includes about 490 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $11 billion. Companies in this industry also manufacture uncompounded medicinal chemicals for use by pharmaceutical manufacturers.


Demand for vitamins and nutritional supplements is driven by demographics, acceptance of natural medicines, and the desire to maintain long-term health. The profitability of individual companies depends on the ability to develop superior products. Large companies benefit from economies of scale of manufacturing, research, and marketing. Small companies can compete effectively by specializing in niche nutritional products, or through advanced product development efforts. The US industry is highly concentrated: the top 50 companies account for more than 82% of revenue.

Exports account for about 20% of US production. Major export markets for US vitamins ...

View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Vitamin, Nutritional Supplement & Other Health-Related Product Manufacturing that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options