The Dietary Supplement Industry is Thriving, Especially in Utah, the "Silicone Valley" of the Industry.
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Despite the economy, the dietary supplement industry is thriving, writes Erik Krusch in a Westlaw Business article published today. Mr. Krusch reports on continued M&A and IPO activity in the industry in a time where the number of such deals in other industries has stayed low. As stated in the article, this data shows the resiliency of the industry and is proof of a strong market for dietary supplements, even in tough financial times.
The author also singles out Utah as a major factor in the industry's strength, call
ing Utah the "Silicone Valley" of the industry and citing Utah-based companies as the source of a fifth of all dietary supplement production in the U.S. Mr. Krusch identifies the state's friendly direct sales laws and support from Sen. Orrin Hatch as factors contributing to Utah's position in the industry. The Nutrition Law Blog authors, being based in Salt Lake City, can attest to the strength of the industry and the favorable business conditions in Utah.
This is, of course, great news for the industry, especially for the Utah companies.
