Health Stores in the US - Industry Market Research Report

Health Stores in the US - Industry Market Research Report

Health Stores in the US

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 key players and their market shares.