NAICS Code 456191-06 - Vitamin & Food Supplements (Retail)

Marketing Level - NAICS 8-Digit

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NAICS Code 456191-06 Description (8-Digit)

The Vitamin & Food Supplements (Retail) industry involves the retail sale of vitamins, minerals, herbs, and other dietary supplements. These products are intended to supplement the diet and provide additional nutrients that may be lacking in a person's regular diet. The industry includes both brick-and-mortar stores as well as online retailers.

Hierarchy Navigation for NAICS Code 456191-06

Tools

Tools commonly used in the Vitamin & Food Supplements (Retail) industry for day-to-day tasks and operations.

  • Point of sale (POS) systems
  • Inventory management software
  • Customer relationship management (CRM) software
  • Barcode scanners
  • Label printers
  • Nutrient analysis software
  • Social media management tools
  • Email marketing software
  • E-commerce platforms
  • Payment processing systems

Industry Examples of Vitamin & Food Supplements (Retail)

Common products and services typical of NAICS Code 456191-06, illustrating the main business activities and contributions to the market.

  • Multivitamins
  • Protein powders
  • Fish oil supplements
  • Probiotics
  • Herbal supplements
  • Calcium supplements
  • Vitamin C supplements
  • Iron supplements
  • Magnesium supplements
  • Digestive enzymes

Certifications, Compliance and Licenses for NAICS Code 456191-06 - Vitamin & Food Supplements (Retail)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Good Manufacturing Practices (GMP): GMP certification ensures that the products are consistently produced and controlled according to quality standards. The certification is provided by the US Food and Drug Administration (FDA).
  • United States Pharmacopeia (USP) Verified: USP verification ensures that the product meets certain quality standards, purity, and potency. The certification is provided by the US Pharmacopeial Convention.
  • National Sanitation Foundation (NSF) International Certification: NSF certification ensures that the product meets certain quality standards, purity, and potency. The certification is provided by NSF International.
  • Certified Organic: Organic certification ensures that the product is produced without the use of synthetic fertilizers, pesticides, or other harmful chemicals. The certification is provided by the US Department of Agriculture (USDA).
  • Non-GMO Project Verified: Non-GMO verification ensures that the product does not contain genetically modified organisms (GMOs). The certification is provided by the Non-GMO Project.

History

A concise historical narrative of NAICS Code 456191-06 covering global milestones and recent developments within the United States.

  • The "Vitamin & Food Supplements (Retail)" industry has a long history dating back to ancient times when people used herbs and other natural remedies to treat ailments. In the 20th century, the industry saw significant growth due to the increased interest in health and wellness. In the 1970s, the industry experienced a boom with the introduction of multivitamins and other dietary supplements. In the 1990s, the industry faced increased scrutiny from the FDA, which led to the introduction of the Dietary Supplement Health and Education Act (DSHEA) in 1994. This act established regulations for dietary supplements and helped to legitimize the industry. In recent years, the industry has seen a surge in demand for natural and organic products, as well as personalized supplements tailored to individual needs. In the United States, the "Vitamin & Food Supplements (Retail)" industry has experienced steady growth over the past decade. In 2019, the industry generated over $50 billion in revenue, up from $32 billion in 2012. This growth can be attributed to several factors, including an aging population that is more health-conscious, increased interest in natural and organic products, and the rise of e-commerce, which has made it easier for consumers to purchase supplements online. Despite this growth, the industry has faced challenges in recent years, including increased competition from other health and wellness products and increased scrutiny from regulators. Overall, the "Vitamin & Food Supplements (Retail)" industry has a rich history and a promising future as consumers continue to prioritize health and wellness.

Future Outlook for Vitamin & Food Supplements (Retail)

The anticipated future trajectory of the NAICS 456191-06 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Vitamin & Food Supplements (Retail) industry in the USA is positive. The industry is expected to continue growing due to the increasing health consciousness among consumers and the aging population. The demand for natural and organic products is also expected to drive growth in the industry. The COVID-19 pandemic has also increased the demand for supplements that boost immunity, which is expected to continue even after the pandemic. The industry is also expected to benefit from the growing popularity of e-commerce, which has made it easier for consumers to purchase supplements online. However, the industry may face challenges such as increased competition and regulatory issues. Overall, the industry is expected to continue growing in the coming years.

Industry Innovations for NAICS Code 456191-06

Recent groundbreaking advancements and milestones in the Vitamin & Food Supplements (Retail) industry, reflecting notable innovations that have reshaped its landscape.

  • Personalized Supplements: Companies are now offering personalized supplements based on individual needs and preferences. This allows consumers to get the exact nutrients they need without having to take multiple supplements.
  • Plant-Based Supplements: With the growing popularity of plant-based diets, companies are now offering plant-based supplements to cater to this market.
  • CBD Supplements: CBD supplements have gained popularity in recent years due to their potential health benefits.
  • Immunity-Boosting Supplements: The COVID-19 pandemic has increased the demand for supplements that boost immunity. Companies are now offering supplements that contain ingredients such as vitamin C, zinc, and elderberry to boost immunity.
  • Sustainable Packaging: Companies are now using sustainable packaging for their supplements to reduce their environmental impact.

NAICS Code 456191-06 - Vitamin & Food Supplements (Retail)

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