How Much Is The Dietary Supplement Industry Worth
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Demand for dietary supplements has been attributed to a strong baby boomer market and a developing interest in younger generations.
How much is the dietary supplement industry worth. A positive outlook toward the sports nutrition market is also among major driving factors. Check out our interactive data. There are more than 90 000 vitamin and dietary supplement products sold in the us.
Revenue from vitamin and nutritional supplement production reached nearly 31 billion dollars in the united states in 2018 and the industry is set to add over a billion more in revenue in 2019. Let s get this out of the way. We speak to industry professionals to find out what is spurring this growth and to get their expert predictions for the future of supplements.
The size of the us supplement industry is roughly 36 7 billion. Factors such as rising health concerns and the changing lifestyles and dietary habits have been driving the product demand. Much of this growth has been driven by an increase in consumer demand for health and wellness products.
Too much from. The global dietary supplements market size is projected to reach usd 230 73 billion by 2027 registering a cagr of 8 2 over the forecast period according to a new report by grand view research inc. Supplements are a 30 billion industry in the us.
The dietary supplements industry has been predicted to be worth a usd 131 by 2016 in a new report by future market insight fmi an american research house. An industry funded report that looks beyond the checkout as a means of determining an industry s value has come up with a figure of 61bn for the us dietary supplements industry nearly three. 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.
The 11 8 billion estimate that tabs group ceo kurt jetta announced last week is way off target. 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. Council for responsible nutrition 1828 l street nw suite 810 washington dc.
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