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, program an increase of 4. 3 percent from the previous instant ( 2010 ). Mass channel sales gangling to increase by 3 percent and sales in the natural and health channels massed by 5. 5 percent. 1 - 2 Most Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became ubiquitous. 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 seen 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 beam and spur growth each era. 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 certainty of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent momentum. Greater priority on R & D in the supplement industry leading to more originative, well - formulated products. A growing aging nation thats more eager to try herbal supplements to maintain health and an active lifestyle. Growing consumer awareness of herbs in safeguard healthcare. Herbs have little or no side effects and are proving their talent. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to meet their health needs. As a proceeds, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been adverse 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 label 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 downturn, the herbal supplement industry remained unfazed. In detail, sales remained robust and the industry showed no apparent decline. This shows how much consumers expense herbal products. If being, the withdrawal helped drive more consumers to herbal supplements. Gigantic 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 Widespread Industry Analysts ( GIA ), leaders in rampant market research with headquarters in the U. S., the later trends have been empirical: 3Middle - venerable women are the supreme buyers of herbal supplements, followed by those that fall into the Baby Boomer pack. There is a growing sweat for natural health and food supplements, as contradistinctive to typical synthetic supplements. Products subsume fish oils, probioitic acidophilus, and natural detox kits. Consumers are sight a result towards food supplements. These are considered to be anti - medicinal and low - equivalent options contributing to a healthy lifestyle. Some food supplements that showed planate market growth in resentment of the economic depression were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a pass into from a contradistinctive ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the tailor-made benefit is preferred against a altered ingredient style. There is aggrandized consumer hit for multi - habit or mixture chock-full formats, as well as chewables, capsules and tablets. According to GIA, the prevalent herbal supplement market will span $93. 15 billion by 2015, due in big part to growing consumer confidence in herbal products, product innovations and stricter pow of Current Good Manufacturing Practices ( cGMPs ). By 2012, the extensive herbal market is expected to distance $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can plan their own rubric of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has familiar various honors and accolades, provides competitive repeat and product turnaround times and can offer you in - pied-a-terre services such as sticker and packaging draw, standardization 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 Maturity Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Belief: 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, Concern: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Wholesale Herbal Supplements and Remedies Market to Stretch US$93. 15 Billion by 2015, According to a New Report by Wholesale Industry Analysts, Inc., January 12, 2011. nutraingredients - usa. com / Consumer - Trends / Herbal - supplement - sales - to - hit - 93. 15 - billion - by - 2015 - Report ) Wholesale Herbal Supplements and Remedies Market to Extent US$107 Billion by 2017, According to New Report by Extensive Industry Analysts, Inc. Walk 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm