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Dietary Supplements Contribute $60 Billion to U.S. Economy

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By: Sean Moloughney

Editor, Nutraceuticals World

Representing 0.5% of the national GDP, the total economic contribution of the dietary supplement industry exceeds $60 billion, according to a study funded by the Natural Products Foundation (NPF), Washington, D.C. Dietary supplements generate more than $20 billion in annual consumer sales, but the industry’s overall economic contribution goes well beyond the direct purchase of goods. The Economic Impact Report, completed by Dobson DaVanzo, a Washington, D.C.-based economic research firm, considers multiple tiers of contributing factors, including supply, production, research, direct employment, manufacturing and taxes, as well as long-term financial effects. The dietary supplement industry is growing steadily at a rate of more than 5% per year, according to the report.

Tracy Taylor, executive director of the Natural Products Foundation, said the dietary supplement trade generates enough activity throughout production and sales to support more than 450,000 jobs, and that industry paid more than $10 billion dollars in taxes in 2006.

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