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Dietary Supplement Industry

Consumer Staples

The dietary supplement industry manufactures products, in the form of pills, capsules, tablets, powders or liquids, intended to supplement a person's diet with nutrients drawn from food or synthesized versions of them, including vitamins, minerals, fiber, fatty acids and amino acids. The market is large: it was valued at about 140.3 billion dollars in the United States in 2020, rose to an estimated 151.9 billion dollars in 2021, and is projected to reach 196.6 billion dollars globally by 2028. About 60 percent of American adults use dietary supplements, rising to 74 percent among those over 60, with multivitamins the most commonly used type, and growth is driven by manufacturing advances, rising demand for health marketed products and an aging population. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/

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Dietary supplements 1
FAQs

How are dietary supplements regulated in the United States?

Makers must evaluate safety and labeling before sale, and the FDA can act against adulterated or misbranded products afterward.

In the United States the Food and Drug Administration oversees both finished dietary supplement products and their dietary ingredients, under a different set of regulations than the ones covering conventional foods and drug products. Under the Dietary Supplement Health and Education Act of 1994, manufacturers and distributors are responsible for evaluating the safety and labeling of their products before marketing them, and the agency has the authority to take action against any adulterated or misbranded supplement after it reaches the market.
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In Sector

Additional Source Wikipedia: Global Industry Classification StandardGICS: Packaged Foods & Meats
Sources
1. Wikipedia, Dietary supplement
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Quote, lead section
A dietary supplement is a manufactured product intended to supplement a person's diet in the form of a pill, capsule, tablet, powder, or liquid.
View the Source
Wikipedia: Global Industry Classification Standard
WikipediaIn Sector: Consumer Staples, GICS: Packaged Foods & MeatsView the Source
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