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2024 U.S. Industry Statistics & Market Forecast - Medicinal and Botanical Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Medicinal and Botanical Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Medicinal and Botanical Manufacturing industry include:- Increased consumer interest in natural and organic products
- Growth in the global aging population demanding more healthcare products
- Technological advancements in production and extraction methods
- Stricter regulatory and compliance standards globally
- Rise in herbal medicine popularity due to perceived lower side effects
- Expansion of e-commerce and online sales platforms
- Increased investment in R&D for new product development
- Growing awareness and popularity of alternative and complementary medicine
- Impact of climate change on the availability of key raw materials
- Collaborations between traditional pharmaceutical companies and botanical firms
- Surge in veganism and plant-based lifestyles driving demand
- Adoption of sustainable and ethical sourcing practices by manufacturers
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Medicinal and Botanical Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Medicinal and Botanical Manufacturing industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Medicinal and Botanical Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Operations Specialties Managers | 5% | |||
| Business and Financial Operations Occupations | 8% | |||
| Business Operations Specialists | 7% | |||
| Architecture and Engineering Occupations | 5% | |||
| Life, Physical, and Social Science Occupations | 14% | |||
| Life Scientists | 5% | |||
| Office and Administrative Support Occupations | 8% | |||
| Production Occupations | 34% | |||
| Other Production Occupations | 29% | |||
| Chemical Processing Machine Setters, Operators, and Tenders | 9% | |||
| Chemical Equipment Operators and Tenders | 8% | |||
| Packaging and Filling Machine Operators and Tenders | 10% | |||
| Packaging and Filling Machine Operators and Tenders | 10% | |||
| Transportation and Material Moving Occupations | 5% | |||
Medicinal and Botanical Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Medicinal and Botanical Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Medicinal and Botanical Manufacturing industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Medicinal and Botanical Manufacturing industry. |
Source:
Innovation News
- May 23, 2024: Vireo Systems patents Antiviral Therapeutic Compounds And Compositions For Use In Treatment Of Coronavirus And Influenza Virus
- May 23, 2024: Vireo Systems patents Antiviral Therapeutic Compounds And Compositions For Use In Treatment Of Coronavirus And Influenza Virus
- Jan 18, 2024: Neurohacker Collective trademarks "QUALIA ENERGY SHOT" - Dietary and nutritional supplements
- Jan 09, 2024: Neurohacker Collective trademarks "SMARTSEED" - Dietary and nutritional supplements
- Dec 29, 2023: Vireo Systems trademarks "HYDRONOX" - Dietary and nutritional supplements
- May 25, 2023: Vireo Systems patents Cellular Energy Compounds, Compositions, And Methods Of Use Thereof
- Feb 13, 2020: Founder's Hemp raises $3 million in funding.
- Jun 20, 2019: Life Pack Organics raises $8 million in funding.
- Jun 18, 2019: Life Pack Organics raises $8 million in funding.
Recent Federal Contracts for Medicinal and Botanical Manufacturing
- Apr 01, 2024: MERIDIAN MEDICAL TECHNOLOGIES, LLC (Columbia, MD) awarded $17,955,752
- Mar 26, 2024: ABX ADVANCED BIOCHEMICAL COMPOUNDS - BIOMEDIZINISCHE FORSCHUNGSREAGENZIEN GMBH (Radeberg, ) awarded $11,210
- Mar 15, 2024: JUBILANT DRAXIMAGE INC (Kirkland, PQ) awarded $78,300
- Mar 11, 2024: REGIS TECHNOLOGIES INC (Morton Grove, IL) awarded $21,072
- Mar 04, 2024: ANIMAL HEALTH INTERNATIONAL, INC. (Loveland, CO) awarded $1,574,737
- Jan 30, 2024: REGENTS OF THE UNIVERSITY OF MINNESOTA (Minneapolis, MN) awarded $1,130,298
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