Retail Sales of Herbal Supplements in US Increase by 8.5% in 2017, Topping $8 Billion

Crooked Bear Creek Organic Herbs

AUSTIN, Texas (September 11, 2018) — Total consumer spending on herbal dietary supplements in the United States reached an estimated $8.085 billion in 2017, according to the recently published HerbalGram Herb Market Report for 2017. The report, which appears in issue 119 of the American Botanical Council’s (ABC’s) quarterly, peer-reviewed journal HerbalGram, notes that this is the first time total US retail sales of herbal supplements have surpassed $8 billion. In addition, the 8.5% increase in total sales from 2016 is the strongest growth for these products in more than 15 years.


ABC’s annual market report for herbal supplement sales is based on US retail sales data from the Chicago, Illinois-based market research firms SPINS and IRI, as well as Nutrition Business Journal (NBJ), a publication of Informa/New Hope Natural Media based in Boulder, Colorado. The report covers only retail sales of herbal dietary supplements and does not…

View original post 543 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s