Picture of health: Growth in alternative medicine and the organic product market will aid industry revenue

The Health Stores industry in Canada has experienced strong expansion over the five years to 2019. However, mounting demand from online retailers and mass merchandisers has challenged industry operators to reinvent their niche as per capita disposable income and consumer sentiment steadily edge up. Thus far, industry operators have capitalized on offering superior value-added services to bolster revenue. Over the past five years, rising health expenditure and an aging population have boosted demand for industry products. Additionally, sports nutrition products have surged in popularity, further elevating demand for industry goods. Although these factors have boosted demand, online operators and mass merchandisers have cut into this industry's share of the market for such goods...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 14-19
4.4%
Forecast Growth 19-24
Profit
Employment
25,661
Businesses
8,585
Market Share of Companies

Industry Threats & Opportunities

  • Rising health expenditure and an aging population have boosted demand for industry products
  • The industry endured competition from external competitors
  • Canadians will continue to spend more on their well-being
  • Industry Report - Starting a New Business Chapter

    There are low to moderate barriers to entry in the Health Stores industry in Canada. Despite having a low level of market share concentration, existing retailers have developed strong relationships with wholesale distributors, ensuring that they receive the most competitive prices that can then be passed on to consumers, as the company maintains and expands its market share. This is especially important since retailers most often compete on price for similar product offerings. Furthermore, some players are subsidiaries of vertically integrated supplement manufacturing operations, thus giving their retail operations a competitive price and supply advantage. For example, since industry leader GNC Holdings Inc. (GN...purchase to read more.

    Additional Insights for the Health Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Health Stores Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Ability to control stock on hand
  • Easy access for clients
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Per capita disposable income in the Health Stores industry impact industry performance..

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    What's in this report

    What is the Health Stores Industry?

    This industry retails products designed to affect an individual’s general condition, such as nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes drug stores, pharmacies and optical goods stores, as well as perfume, cosmetics and beauty supply stores.

    Industry Products
  • Vitamin and mineral supplements
  • Protein products
  • Other sports nutrition products
  • Dietary products
  • Food and drink
  • Industry Activities
  • Retailing convalescent care products
  • Retailing first-aid products
  • Retailing orthopedic equipment
  • Retailing otological equipment
  • Retailing sports nutrition equipment
  • Retailing vitamin and mineral supplements
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Per capita disposable income
  • Adult obesity rate
  • Number of adults aged 65 and older
  • Research and development expenditure

  • Current Performance
  • Healthy choices
  • Outside competition
  • Profit and growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Health matters
  • Competition and obesity remain a threat
  • Profit and participation
  • Table: Health Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Canada

  • Key Selling Industries
  • Brand-Name Pharmaceutical Manufacturing in Canada
  • Generic Pharmaceutical Manufacturing in Canada
  • Medical Supplies Wholesaling in Canada
  • Pharmaceuticals & Pharmacy Supplies Wholesaling in Canada
  • Vitamin & Supplement Manufacturing in Canada

  • Products & Services
  • Other
  • Protein products
  • Vitamin and mineral supplements
  • Dietary products
  • Other sports nutrition products
  • Food and drink
  • Chart: Health Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 40 to 54
  • Consumers aged 55 to 64
  • Consumers aged 30 to 39
  • Consumers aged 65 and older
  • Consumers aged 29 and younger
  • Chart: Major Market Segmentation for the Health Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Health Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health Stores Industry

  • Industry Globalization
    GNC Holdings Inc.,
  • Table: GNC Holdings Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Health Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Health Stores Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Total health expenditure (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Convalescent
  • A person recovering from an illness or operation.
  • Dietary Supplement
  • A product intended to provide missing or insufficient quantities of nutrients in a person's diet.
  • Orthopedics
  • A branch of medicine that deals with the prevention or correction of injuries or disorders of the skeletal system and associated muscles, joints and ligaments.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Health Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Health Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Health Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Health Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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