In 2017, raw material sales grew 6.8 percent and hit $5.1 billion, while consumer sales of finished supplement products climbed 6.1 percent, reaching $43.5 billion. Beneath those numbers, the math changes with every sale, contract and delivery. Supply chain and price gouging. Quality and ingredient integrity. And that’s before the innovation driven by branded ingredient comes into the equation.
Finished product companies know their customers want purity and science to prove efficacy. Ingredient companies want to supply both but depend on finished products to communicate that, and do so responsibly. The level of cooperation and mutual benefit is what can either build the next blockbuster ingredient, or keep the most intriguing science in the lab.
Claire Morton, Nutrition Business Journal's senior industry analyst, offers these top takeaways from the 2018 Raw Materials Report:
• The supplement raw materials market in 2017 was $5.1 billion with 6.8 percent growth.
• Sports nutrition raw materials had the strongest growth at 15.7 percent.
• Vitamins make up the largest share of raw materials, wholesale/manufacturer sales and consumer sales.
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Download the top charts from the 2018 Raw Materials Report: