| Moderated By: lance cottam -- (Moderated) -- Started: 5/26/2012 7:38:10 AM Revision History |According to one of the study despite current economic pressures and regulatory changes, the dietary supplement industry is set for growth. With a compound annual growth rate of 3.8% expected over 2010–15, the US sector will outpace the EU and most other markets, reaching a value of almost $30bn by 2015.
In the US, the retail sales of nutritional supplements have grown significantly in 2010. The growth in the sales was primarily due to growing usage of nutritional supplements specifically among the aging American population. ChromaDex® Corporation is one of the upcoming player in this industry.
ChromaDex® Corporation that provides proprietary,science-based solutions and ingredients to the dietary supplement Company launched BluScience™ in retail outlets began in earnest in early 2012 whereby BluScience™ became available at a national drug store chain with more than 8,000 stores in the U.S., as well as at approximately 4,000 independent drugstores and pharmacies in the U.S. In the first quarter of 2012, the initial launch achieved sales of more than 125,000 units of BluScience™, more than 50 percent higher than the Company's earlier estimates.