The Herbal Supplement Market Experiencing Phenomenal Growth!

The Herbal Supplement Market Experiencing Phenomenal Growth!

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In the last 5 years, the $4. 8 billion herbal supplement market in the United States has grown significantly, the economic recession notwithstanding. Today, according to the latest reports from the American Botanical Council ( ABC ), sales of herbal supplements have reached $5. 3 billion, showboat an increase of 4. 3 percent from the previous tide ( 2010 ). Mass channel sales expanded to increase by 3 percent and sales in the natural and health channels amassed by 5. 5 percent. 1 - 2 Primary Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became pervasive. It became the more common way to treat illness and pain as doctors began prescribing pharmaceuticals to their patients for quick relief. It was only in the 1960s, when back - to - nature trends became popular and paved the way for natural products that work with the bodys natural systems. Herbs were empitic to have less harmful side effects when compared to treatment with drugs. The herbal supplement industry began to flourish. Today, herbal products are becoming more main shaft and spur growth each tempo. Factors that are driving its growth are: Advances in clinical research show the benefits of botanicals and herbs for general and specific health conditions. More consumer conviction of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent push. Greater stress on R & D in the supplement industry leading to more formative, well - formulated products. A growing aging crowd thats more eager to try herbal supplements to maintain health and an active lifestyle. Growing consumer awareness of herbs in defence healthcare. Herbs have little or no side effects and are proving their power. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to appropriate their health needs. As a fruit, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been luckless down to give us the top - selling herbs in 2011. SymphonyIRI, a great market research company based in Chicago, Ill. provides sales data from the Food, Drug and Mass Merchandiser market ( FDM ). SPINS, a market research company based in Schaumburg, Ill, provides a breakdown of sales in the natural and health food channels. The two firms use different methods to classify products so their data is not necessarily analogous. According to SPINS, the top selling herbs in 2011 were flaxseed oil, wheat and barley grass, turmeric, aloe and milk thistle. According to SymphonyIRI, the top - selling singles were cranberry, soy, saw palmetto, garlic and gingko leaf extract. No Decline in Herbal Supplement Market Growth despite the RecessionWhile most industries experienced a decline during the recession, the herbal supplement industry remained unfazed. In fact, sales remained robust and the industry showed no apparent decline. This shows how much consumers assessment herbal products. If device, the withdrawal helped drive more consumers to herbal supplements. Sky-scraping prices, limited disposable income combined with rising healthcare costs, prompted consumers to turn towards safer, more economical options to cope with their health problems and relieve anxiety. According to Pandemic Industry Analysts ( GIA ), leaders in universal market research with seat in the U. S., the nearest trends have been empirical: 3Middle - infirm women are the considerable buyers of herbal supplements, followed by those that fall into the Baby Boomer pack. There is a growing strike for natural health and food supplements, as single to common synthetic supplements. Products number fish oils, probioitic acidophilus, and natural detox kits. Consumers are program a end towards food supplements. These are considered to be anti - medicinal and low - market price options contributing to a healthy lifestyle. Some food supplements that showed unbroken market growth in malignity of the economic withdrawal were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a develop into from a mismated ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the appropriate benefit is preferred rail a distinctive ingredient modus. There is other consumer challenge for multi - rule or mixed bag monster formats, as well as chewables, capsules and tablets. According to GIA, the extensive herbal supplement market will stretch $93. 15 billion by 2015, due in large part to growing consumer confidence in herbal products, product innovations and stricter impulse of Current Good Manufacturing Practices ( cGMPs ). By 2012, the extensive herbal market is expected to spread $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can occasion their own rubric of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has admitted various honors and accolades, provides competitive repeat and product turnaround times and can offer you in - building services such as sticker and packaging sketch, system fulfillment and drop shipping. Taking advantage of these services saves you both time and money and can potentially help you bring your product to market faster than your competition! References: Herbal Supplement Sales Worldliness Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Concern: 82 Page: 58 - 61. cms. herbalgram. org / herbalgram / issue82 / article3400. html? Issue=82Herbal Dietary Supplement Retail Sales Up 4. 5 % in 2011, HerbalGram. 2012; American Botanical Council, Belief: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Rampant Herbal Supplements and Remedies Market to Extent US$93. 15 Billion by 2015, According to a New Report by Widespread Industry Analysts, Inc., January 12, 2011. nutraingredients - usa. com / Consumer - Trends / Herbal - supplement - sales - to - hit - 93. 15 - billion - by - 2015 - Report ) Prevalent Herbal Supplements and Remedies Market to Grasp US$107 Billion by 2017, According to New Report by Wholesale Industry Analysts, Inc. March 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm