Dietary supplement revenues to reach $9.9 bil. by 2003 -- Frost & Sullivan report.
This article was originally published in The Tan Sheet
Executive Summary
DIETARY SUPPLEMENT MARKET REVENUES OF $5.3 BIL. in 1996 mark an increase of $1.2 bil. over 1993 sales, the international marketing consulting firm Frost & Sullivan estimates in a December report on the dietary supplement market. The Mountain View, Calif.-based consultants predict the dietary supplement industry will expand at a compound annual rate of 9.3% from $5.3 bil. in 1996 to $5.8 bil. for 1997, before hitting $9.9 bil. in 2003. Homeopathics, herbal remedies and vitamins and minerals will generate sales of $703 mil., $2.2 bil. and $7 bil., respectively, in 2003, Frost & Sullivan forecasts.