GITNUX MARKETDATA REPORT 2024

U.S. Dietary Supplement Industry Statistics And Trends in 2024

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The U.S. dietary supplement industry is a booming sector, with the market expected to reach $230.73 billion by 2027 and display a CAGR of 8.2%. According to research from the National Center for Biotechnology Information (NCBI), U.S adults’ use of dietary supplements increased from 42% in 1988-1994 to 53% in 2003-2006, while Natural Products Insider reports that the industry generates more than 750,000 jobs across America today.

Over 77% of American adults consume some form of dietary supplement – 38%, specifically, take herbal or non-vitamin supplements which make up the largest category within this market segment according to PubMed Central (PMC). In total, about 150 million Americans are estimated to be using these products as per data provided by The Office Of Dietary Supplements (ODS).

In 2020 alone, vitamin and dietary supplement sales grew 5.5%, reaching an impressive value of $34.9 billion according Grand View Research’s analysis on nutritional supplements markets; protein supplements made up 43% out of this figure whilst immune health was identified as one top performing product type with 51 .2 % growth year over year according Nutritional Outlook’s report on NBJ Sales Report Immunity Sales Top $53 Billion.. Additionally ecommerce accounted for 49 .1 %of all purchases whereas specialty retail stores represented 30 .6 % ,according IBIS World’s Vitamin & Dietary Supplement Manufacturing Industry Market Research Report 2021 edition respectively

Overall it appears that trust levels among consumers remain high when it comes purchasing vitamins and other forms nutrition supplementation – 92 percent have at least some confidence in safety quality effectiveness based off CRN USA survey results published last year–and sports nutrition has been identified as another key area where demand will continue grow at rate 5 .5 percent between 2021 2028 says Grandviewresearch com study conducted earlier month Finally exports imports both saw significant increases during same period totaling 1 87 2 33 billions dollars respectively Statista figures show

The Most Important Statistics
The U.S. dietary supplement industry is expected to reach $230.73 billion by 2027, displaying a CAGR of 8.2% during the forecast period. This statistic is a testament to the immense potential of the U.S. dietary supplement industry. It shows that the industry is growing at a rapid rate, with a projected CAGR of 8.2% over the next eight years. This indicates that the industry is likely to experience significant growth in the near future, making it an attractive investment opportunity for those looking to capitalize on the booming market. Furthermore, this statistic provides insight into the current state of the industry, allowing readers to gain a better understanding of the industry’s current and future prospects. U.S. adults’ use of dietary supplements increased from 42% in 1988-1994 to 53% in 2003-2006. This statistic is a telling indication of the growing popularity of dietary supplements among U.S. adults. It demonstrates that more and more people are turning to dietary supplements to improve their health and well-being, which is a testament to the success of the dietary supplement industry. This statistic is an important piece of information for anyone looking to gain insight into the U.S. dietary supplement industry and its current state.

U.S. Dietary Supplement Industry Statistics Overview

The U.S. dietary supplement industry generates more than 750,000 jobs.

This statistic is a testament to the impact the U.S. dietary supplement industry has on the American economy. It demonstrates the industry’s ability to create jobs and provide employment opportunities for hundreds of thousands of people. It also highlights the industry’s importance to the overall health and wellbeing of the nation.

Over 77% of American adults consume dietary supplements.

This statistic is a telling indication of the prevalence of dietary supplements in the United States. It speaks to the fact that the majority of American adults are actively engaging with dietary supplements, making it a lucrative industry for those involved. This statistic is an important piece of information for anyone looking to gain insight into the U.S. Dietary Supplement Industry.

In the U.S., 38% of adults use herbal or non-vitamin supplements, making them the largest category of dietary supplements.

This statistic is a telling indication of the popularity of herbal and non-vitamin supplements in the U.S., highlighting the fact that they are the most widely used dietary supplements. This is an important statistic to consider when discussing the U.S. Dietary Supplement Industry, as it provides insight into the preferences of consumers and the potential for growth in the industry.

About 150 million Americans use dietary supplements.

This statistic is a testament to the immense popularity of dietary supplements in the United States. It speaks to the fact that a large portion of the population is actively seeking out and using these products to improve their health and wellbeing. This is a clear indication of the importance of dietary supplements in the lives of many Americans, and it is a key factor in the success of the U.S. Dietary Supplement Industry.

The vitamin and dietary supplement market in the U.S. grew by 5.5% from 2020 to 2021, reaching a market value of $34.9 billion.

This statistic is a testament to the booming success of the U.S. dietary supplement industry. It shows that the industry is growing at a rapid rate, with a 5.5% increase in market value in just one year. This is a clear indication that the industry is thriving and that consumers are increasingly turning to dietary supplements to meet their health and wellness needs. This statistic is an important piece of information for anyone interested in the U.S. dietary supplement industry, as it provides a snapshot of the industry’s current state and its potential for future growth.

Protein supplements make up 43% of the total dietary supplement market.

This statistic is a telling indication of the immense popularity of protein supplements in the U.S. dietary supplement market. It speaks to the fact that protein supplements are a major player in the industry, and that they are a sought-after product for many consumers. This statistic is an important piece of information for anyone looking to gain insight into the U.S. dietary supplement industry.

The dietary supplement industry supports an estimated $5.75 billion in taxes.

This statistic is a testament to the immense economic impact of the dietary supplement industry. It highlights the fact that the industry is a major contributor to the U.S. economy, generating billions of dollars in taxes each year. This is an important point to consider when discussing the U.S. Dietary Supplement Industry Statistics, as it demonstrates the industry’s importance to the nation’s financial health.

Sales of vitamins and dietary supplements from U.S. multi-outlet retailers reached $15.04 billion in 2019.

This statistic is a testament to the booming success of the U.S. dietary supplement industry. It shows that consumers are increasingly turning to vitamins and dietary supplements to improve their health and wellness, and that the industry is thriving as a result. This statistic is an important indicator of the industry’s growth and provides valuable insight into the current state of the U.S. dietary supplement market.

According to a 2019 Nutrition Business Journal survey, online dietary supplement sales in the U.S. represented 19.7% of the market.

This statistic is a telling indication of the growing popularity of online dietary supplement sales in the U.S. It shows that the industry is rapidly expanding and that consumers are increasingly turning to the internet to purchase dietary supplements. This is an important trend to note for anyone interested in the U.S. Dietary Supplement Industry, as it suggests that the industry is likely to continue to grow in the coming years.

Immune health was a top dietary supplement sales category in 2020, with sales growth of 51.2%.

The fact that immune health was a top dietary supplement sales category in 2020, with sales growth of 51.2%, speaks volumes about the importance of maintaining a healthy immune system. This statistic is a testament to the fact that people are increasingly aware of the need to take proactive steps to protect their health and are investing in dietary supplements to do so. This is a key insight into the U.S. Dietary Supplement Industry and provides valuable information for anyone looking to understand the industry’s current trends.

Among U.S. adults, more than 92% have at least some trust in the safety, quality, and effectiveness of dietary supplements.

This statistic is a testament to the confidence that U.S. adults have in the safety, quality, and effectiveness of dietary supplements. It speaks to the trust that consumers have in the industry, and it is a key indicator of the industry’s success. This statistic is an important piece of information to include in a blog post about U.S. Dietary Supplement Industry Statistics, as it provides a snapshot of the industry’s current standing.

The sports nutrition supplement market in the U.S. is expected to grow at a CAGR of 5.5% from 2021 to 2028.

This statistic is a key indicator of the potential for growth in the U.S. sports nutrition supplement market. It suggests that the industry is likely to experience a steady increase in demand over the next few years, making it an attractive investment opportunity for those looking to capitalize on the trend. This data point is essential for anyone looking to gain a better understanding of the U.S. dietary supplement industry and its potential for growth.

Over 46% of U.S. men and 52% of U.S. women use dietary supplements.

This statistic is a telling indication of the prevalence of dietary supplement use in the United States. It shows that a majority of both men and women are taking advantage of the benefits of dietary supplements, suggesting that the dietary supplement industry is a thriving one. This statistic is an important piece of information for anyone looking to gain insight into the U.S. dietary supplement industry.

In 2020, U.S. imports of dietary supplements were valued at approximately $2.33 billion.

This statistic is a testament to the immense size of the U.S. dietary supplement industry. It shows that the industry is a major player in the global economy, with billions of dollars in imports each year. This statistic is also a reminder of the importance of dietary supplements in the lives of many Americans, as they are a key source of essential vitamins and minerals. Furthermore, this statistic highlights the potential for growth in the industry, as the demand for dietary supplements continues to rise.

In 2020, the U.S. exported dietary supplements worth around $1.87 billion.

This statistic is a testament to the success of the U.S. dietary supplement industry, demonstrating that the industry is thriving and that its products are in high demand around the world. It is a key indicator of the industry’s growth and potential, and provides valuable insight into the current state of the industry.

Powdered supplements are currently the largest product form in the market, accounting for 42.2% of the market share in 2019.

This statistic is a telling indication of the U.S. Dietary Supplement Industry’s current state. It reveals that powdered supplements are the most popular product form, making up a significant portion of the market share. This information is essential for understanding the industry’s current trends and can be used to inform decisions about future investments and strategies.

In 2020, e-commerce represented 49.1% of total U.S. vitamin and dietary supplement purchases.

This statistic is a telling indication of the immense growth of the U.S. dietary supplement industry. It shows that the industry has seen a dramatic shift towards e-commerce, with nearly half of all purchases now being made online. This shift has been driven by the convenience of online shopping, as well as the increasing availability of dietary supplements online. This statistic is a clear sign that the U.S. dietary supplement industry is thriving and is likely to continue to grow in the future.

Specialty retail stores account for 30.6% of vitamin and dietary supplement sales in the U.S.

This statistic is a telling indication of the importance of specialty retail stores in the U.S. dietary supplement industry. It shows that these stores are a major source of sales for vitamins and dietary supplements, and thus are a key player in the industry. This information is essential for anyone looking to gain a better understanding of the U.S. dietary supplement industry and the role specialty retail stores play in it.

Conclusion

The U.S. dietary supplement industry is a rapidly growing market, with the industry expected to reach $230.73 billion by 2027 and display a CAGR of 8.2%. Over 77% of American adults consume dietary supplements, making them one of the most popular health products in the country today. Vitamins and non-vitamin herbal supplements are currently the largest categories within this sector, accounting for 38% and 43%, respectively, while protein supplements make up an additional 43%. The industry also supports more than 750,000 jobs across America as well as over $5 billion in taxes annually. With e-commerce representing 49% of total sales in 2020 and specialty retail stores contributing 30%, it’s clear that online shopping has become increasingly important for consumers looking to purchase vitamins or other nutritional products from home during these unprecedented times – something which looks set to continue into 2021 and beyond.

References

0. – https://www.naturalproductsinsider.com

1. – https://www.statista.com

2. – https://www.jandonline.org

3. – https://www.grandviewresearch.com

4. – https://www.ods.od.nih.gov

5. – https://www.ncbi.nlm.nih.gov

6. – https://www.crnusa.org

7. – https://www.ibisworld.com

8. – https://www.nutritionaloutlook.com

9. – https://www.pubmed.ncbi.nlm.nih.gov

FAQs

What is the estimated annual revenue of the U.S. dietary supplement industry?

The annual revenue of the U.S. dietary supplement industry is estimated to be around $50 billion.

What percentage of adults in the U.S. report using dietary supplements?

Approximately 77% of U.S. adults report using dietary supplements regularly or occasionally.

What are the top four categories of dietary supplements consumed in the U.S.?

The top four categories of dietary supplements consumed in the U.S. are vitamins, minerals, specialty supplements, and herbals/botanicals.

What is the Compound Annual Growth Rate (CAGR) projected for the dietary supplement industry from 2021-2026?

The CAGR for the U.S. dietary supplement industry is projected to be around 3.8% between 2021 and 2026.

What factors are contributing to the growth of the U.S. dietary supplement industry?

The growth of the U.S. dietary supplement industry is attributed to factors such as an aging population, increasing health consciousness, widespread accessibility to various products, and the strategic acquisition of smaller companies by major players in the industry.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

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