JANUARY 23, 2024
Report also reveals top “supplement states”
WASHINGTON — CRN (The Council for Responsible Nutrition), the leading trade association representing the dietary supplement and functional food industry, has released its updated Economic Impact Study (EIS) which provides a comprehensive analysis of the fiscal benefit the supplement industry contributes to the U.S. economy. The report reveals the industry’s positive impact on jobs, wages, taxes and other financial contributions in all 50 states, and in Congressional districts.
The EIS is a vital part of the industry’s advocacy efforts as it allows CRN to specifically quantify and communicate to legislators and constituents the financial importance of supplement companies within each legislative district. This information can prove instructive as Congressional leaders develop legislation and can consider what impact new or revised laws may have on those businesses. For example, the supplement industry’s 2023 total economic impact was $158.6 billion—an increase of 23% ($121.6 billion) from the 2016 report—and contributed more than $20 billion in tax revenue in 2023. Wages earned by employees directly working for supplement companies were more than $19 billion, with total wages earned (for individuals employed indirectly or through induced jobs) totaling nearly $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 CRN President and CEO Steve Mister. “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 10 states with the largest dietary supplement industry presence included:
- New Jersey
- New York
CRN’s report, with data available at crnusa.org/impact, was compiled by the consulting firm John Dunham and Associates (JDA).
The Council for Responsible Nutrition (CRN), founded in 1973, is a Washington, D.C.-based trade association representing 200+ dietary supplement and functional food manufacturers, ingredient suppliers, and companies providing services to those manufacturers and suppliers. In addition to complying with a host of federal and state regulations governing dietary supplements and food in the areas of manufacturing, marketing, quality control and safety, our manufacturer and supplier members also agree to adhere to additional voluntary guidelines as well as to CRN’s Code of Ethics. Follow us on Twitter @CRN_Supplements and LinkedIn.