01.24.24
The Council for Responsible Nutrition (CRN) has released an economic impact study which analyzes the industry’s total economic impact, through jobs, wages, taxes, and other financial contributions in all 50 states and in congressional districts.
CRN conducted the study in order to demonstrate to legislators and constituents the importance of supplement companies within each legislative district. The information can help congressional leaders develop legislation and consider what impact new or revised laws may have on those businesses.
The dietary supplement industry’s 2023 total economic impact was $158.6 billion, which represents an increase of 23% from the $121.6 billion in the 2016 report. This equated to a contribution of $20 billion in tax revenue for 2023.
Wages earned by employees directly working for supplement companies were more than $19 billion, and total wages earned for individuals also employed indirectly or through induced jobs totaled $45 billion.
“In the eight years since our last report, the industry’s footprint and subsequent impact to the local, state, and national economies has increased dramatically and we believe it is important for the public and elected officials to know the positive contributions our member companies have on communities all over the country,” said Steve Mister, president and CEO of CRN. “In some suburban or rural areas, they are among the largest employers and taxpayers, if not the largest, and provide needed jobs and revenue. This report helps us clearly quantify that impact in specific and tangible terms.”
Based on the report the top ten states with the largest dietary supplement industry presence (in descending order) were California, New Jersey, New York, Texas, Illinois, Florida, Utah, Pennsylvania, Minnesota, and Michigan.
CRN’s report also includes an interactive data table, where users can get a breakdown of the economic impact of the dietary supplement industry on a state and/or legislative district level.
CRN conducted the study in order to demonstrate to legislators and constituents the importance of supplement companies within each legislative district. The information can help congressional leaders develop legislation and consider what impact new or revised laws may have on those businesses.
The dietary supplement industry’s 2023 total economic impact was $158.6 billion, which represents an increase of 23% from the $121.6 billion in the 2016 report. This equated to a contribution of $20 billion in tax revenue for 2023.
Wages earned by employees directly working for supplement companies were more than $19 billion, and total wages earned for individuals also employed indirectly or through induced jobs totaled $45 billion.
“In the eight years since our last report, the industry’s footprint and subsequent impact to the local, state, and national economies has increased dramatically and we believe it is important for the public and elected officials to know the positive contributions our member companies have on communities all over the country,” said Steve Mister, president and CEO of CRN. “In some suburban or rural areas, they are among the largest employers and taxpayers, if not the largest, and provide needed jobs and revenue. This report helps us clearly quantify that impact in specific and tangible terms.”
Based on the report the top ten states with the largest dietary supplement industry presence (in descending order) were California, New Jersey, New York, Texas, Illinois, Florida, Utah, Pennsylvania, Minnesota, and Michigan.
CRN’s report also includes an interactive data table, where users can get a breakdown of the economic impact of the dietary supplement industry on a state and/or legislative district level.