U.S. Supplement Production Brings Millions in Spending

April 29, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--According to one market research firm, revenue from the vitamin and supplement market in the U.S. was $40.9 billion last year and the market size of the sector grew an average of 1.3% per year between 2018 and 2023. With such large numbers in mind, supplement manufacturers in the U.S. are ramping up project activity, bringing hundreds of millions of dollars' worth of activity to the U.S. through grassroot, expansion and maintenance projects.

Companies featured: Abbott Laboratories (NYSE:ABT)