Dietary Supplement Industry Money

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Dietary supplement industry money. The 32 billion a year industry has americans hooked yet new research adds to the mounting evidence that the often costly pills and powders don t improve. Recent surveys suggest that 52 percent of americans take at least one supplement and 10 percent take four or more. In the united states the dietary supplement industry s overall economic impact in 2016 is 122 billion and it continues to grow.
According to the report global dietary supplements market valued at usd 132 8 billion in 2016 and is expected to reach usd 220 3 billion in 2022 and is anticipated to grow at a cagr of 8 8. Supplements are a 30 billion industry in the us. Much of this growth has been driven by an increase in consumer demand for health and wellness products.
Dietary supplement industry facts reveal that gummies will be one of the most desirable products in the following years and their sales are predicted to double. The global dietary supplements market size was estimated at usd 123 28 billion in 2019 and is projected to expand at a cagr of 8 2 during the forecast period. Latest government uproar no match for industry lobbying money.
Money experts have chided americans about their coffee and avocado toast consumption for years but there s another candidate vying for the biggest waste of money. The fda oversees supplements and is a focal point for the supplement industry. Top 10 dietary supplement categories the most popular dietary supplement categories are outlined below not in specific order by size of industry or top consumption.
Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand. A positive outlook toward the sports nutrition market is also among major driving factors. Of the top 20 recipients of money from the nutritional and dietary supplement industry three members sit on the committee influencing decision making.
June 1 2010 4 30 pm moneywatch.