By 2023 Herb Market Report on ABC, US.
In the United States, sales of herbal supplements increased by 4.4% in 2023. The latest edition of the Herb Market Report published. (Reference: Smith T, Lang C, Craft E. US sales of herbal supplements increase 4.4% in 2023. HerbalGram. 2024;141:54–69)
The sales may be returning to a more normal level following the global pandemic. It is estimated that sales reached a total of $15.551 billion. The nonprofit American Botanical Council’s 2023 Herb Market Report indicates that US consumers spent a total of $15.551 billion on these products in 2023, representing a 4.4% increase in annual sales compared to 2022.
The 2023 Herb Market Report is based on US retail sales data provided by SPINS, a wellness-focused data technology company based in Chicago, Illinois, and Nutrition Business Journal (NBJ).
The sales figures for individual herbs and fungi discussed in the Herb Market Report reflect sales of herbal dietary supplements in which the particular herbal or fungal substance is the primary ingredient.
It should be noted that the report does not include sales of the majority of herbal teas, cosmetic products containing botanical ingredients, or government-approved botanical drug ingredients in over-the-counter medicines.
For further details, ABC www.herbalgram.org