Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $4.2bn in 2025.
Trends and Insights
Rising health consciousness reshapes the role of health stores
- The rise in health consciousness among Canadian consumers has reshaped the health retail landscape. Health stores have evolved from niche outlets catering to a limited audience to become more central players in the growing wellness economy. As consumers increasingly prioritize preventive health and self-care, these retailers have witnessed steady revenue growth, diversification of product offerings and heightened competition.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Health stores will lose sales to competitors despite wellness boom
- Health stores in Canada will remain under sustained pressure over the next five years, even though demand for supplements and wellness products will continue to grow. The core challenge is that much of this growth is being captured by grocery banners, big-box retailers and online platforms that can compete more aggressively on price, convenience and assortment. In this environment, health stores will retain a role, but the operating environment will remain structurally challenging, limiting expansion.
Biggest companies in the Health Stores in Canada
| Company | Market Share (%)
2025 | Revenue ($m)
2025 | Profit ($m)
2025 | Profit Margin (%)
2025 |
|---|---|---|---|---|
GNC Holdings Inc. | 169.2 | 8.2 | 4.8 |
To view the market share and analysis for all 1 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Vitamin and mineral supplements, Cosmetic and beauty products and Sports nutrition products. Vitamin and mineral supplements is the largest segment of the Health Stores in Canada.
Trends and Insights
Vitamin and mineral supplements are the largest product segment
- Health supplements include vitamins and minerals like multivitamins, amino acids, antioxidants. Vitamins and minerals are often used to target a specific health concern and age or gender demographics.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Health stores are retail outlets specializing in products that support health and wellness, including vitamins, dietary supplements, herbal remedies and natural skincare. They focus on offering items that enhance or maintain physical health and well-being, often featuring specialized knowledge and customer service in these areas.
What's included in this industry?
Products and services covered in the Health Stores industry in Canada include Retailing vitamin and mineral supplements, Retailing cosmetic and beauty products, Retailing sports nutrition products, Retailing nutritional aids and Retailing sleep and mindfulness supplements.Companies
Companies covered in the Health Stores industry in Canada include GNC Holdings Inc.Purchase this report to view all 1 major companies in this industry.
Related Terms
Related terms covered in the Health Stores industry in Canada include dietary supplement and orthopedics.Industry Code
NAICS 446191 - Health Stores in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Rising health consciousness has supported sales, but intensifying competition is capping the upside. More Canadians are prioritizing wellness and preventive health, which is ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Core vitamins, minerals and supplements remain the largest revenue engine but face intensifying price competition. Shoppers are shifting toward value formats, larger pack siz...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Urban markets continue to generate the bulk of industry revenue. Dense populations and higher-income pockets support stronger demand, but these areas also see the highest com...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each province in 2025
- Number and share of revenue each province accounts for in 2025
- Number and share of wages each province accounts for in 2025
- Number and share of employees in each province in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Bargaining power is shifting toward consumers as price transparency increases. Online price comparisons and promotions make it easier for shoppers to benchmark health store p...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Major chains and banner groups are consolidating share within the health store channel. Scaled retailers leverage centralized purchasing, private label development and omnich...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of GNC Holdings Inc.'s performance by revenue, market share and profit margin from 2019 through 2025
Detailed analysis
- Description and key data for GNC Holdings Inc., and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
A challenging macro backdrop is constraining discretionary spending on specialized health products. Elevated living costs and interest burdens push consumers to prioritize es...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Revenue growth remains modest and uneven across health retailers. Many independents are seeing flat to low single-digit topline gains, underperforming broader health and well...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Assets (2018-2023)
- Liabilities (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Health Stores industry in Canada in 2025?
The market size of the Health Stores industry in Canada is $4.2bn in 2025.
How many businesses are there in the Health Stores industry in Canada in 2025?
There are 8,370 businesses in the Health Stores industry in Canada, which has grown at a CAGR of 2.6 % between 2020 and 2025.
How may import tariffs affect the Health Stores industry in Canada?
The Health Stores industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Health Stores industry in Canada?
The Health Stores industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Health Stores industry in Canada grown or declined over the past 5 years?
The market size of the Health Stores industry in Canada has been growing at a CAGR of 0.5 % between 2020 and 2025.
What is the forecast growth of the Health Stores industry in Canada over the next 5 years?
Over the next five years, the Health Stores industry in Canada is expected to grow.
What are the biggest companies in the Health Stores industry in Canada?
The biggest company operating in the Health Stores industry in Canada is GNC Holdings Inc.
What does the Health Stores industry in Canada include?
Retailing vitamin and mineral supplements and Retailing cosmetic and beauty products are part of the Health Stores industry in Canada.
Which companies have the highest market share in the Health Stores industry in Canada?
The company holding the most market share in the Health Stores industry in Canada is GNC Holdings Inc..
How competitive is the Health Stores industry in Canada?
The level of competition is very high and increasing in the Health Stores industry in Canada.
Methodology
How are IBISWorld reports created?
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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