Vitamin & Supplement Manufacturing in the US - Market Research Report (2014-2029)
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US consumers have been buying vitamins and supplements for decades, but the growing popularity of health and wellness trends has pushed interest in dietary supplements to a record level. Now, more people are turning to supplements to improve things like their mental health, physical appearance and stamina. The pandemic also reinvigorated the dietary supplement category, as concerned consumers sought vitamins to boost their and their family's immunities. While a combination of easing pandemic anxieties and inflation has slowed spending since, vitamin and supplement manufacturers are still benefiting from the heightened interest in health products. In all, revenue has been expanding at a CAGR of 1.0% to an estimated $41.2 billion over the past five years, including expected growth of 0.8% in 2024.
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