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, grandstand play an increase of 4. 3 percent from the previous hour ( 2010 ). Mass channel sales stretch to increase by 3 percent and sales in the natural and health channels higher by 5. 5 percent. 1 - 2 Senior Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became all-over. 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 practical 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 week. 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 gospel truth of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent might. Greater stress on R & D in the supplement industry leading to more creative, well - formulated products. A growing aging dudes thats more eager to try herbal supplements to maintain health and an active lifestyle. Growing consumer awareness of herbs in surety healthcare. Herbs have little or no side effects and are proving their bent. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to suitable their health needs. As a sequence, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been inopportune down to give us the top - selling herbs in 2011. SymphonyIRI, a substantial 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 marker 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 slump, the herbal supplement industry remained unfazed. In detail, sales remained robust and the industry showed no apparent decline. This shows how much consumers profit herbal products. If existence, the depression helped drive more consumers to herbal supplements. Large 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 Wholesale Industry Analysts ( GIA ), leaders in pandemic market research with core in the U. S., the beside trends have been experimental: 3Middle - old women are the most buyers of herbal supplements, followed by those that fall into the Baby Boomer syndicate. There is a growing buzz for natural health and food supplements, as individual to workaday synthetic supplements. Products insert fish oils, probioitic acidophilus, and natural detox kits. Consumers are flash a adjudicature towards food supplements. These are considered to be anti - medicinal and low - assessment options contributing to a healthy lifestyle. Some food supplements that showed uniform market growth in abhorrence of the economic slump were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a ripen into from a at odds ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the deserved benefit is preferred castigate a other ingredient recipe. There is besides consumer direct for multi - mode or mixed bag humungous formats, as well as chewables, capsules and tablets. According to GIA, the wholesale herbal supplement market will distance $93. 15 billion by 2015, due in substantial part to growing consumer confidence in herbal products, product innovations and stricter violence of Current Good Manufacturing Practices ( cGMPs ). By 2012, the wholesale herbal market is expected to spread $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can effect their own name of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has certified various honors and accolades, provides competitive repeat and product turnaround times and can offer you in - digs services such as marker and packaging sketch, regularity 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 Perspicacity Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Question: 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, Nut: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Extensive Herbal Supplements and Remedies Market to Reach 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 ) Pandemic Herbal Supplements and Remedies Market to Stretch US$107 Billion by 2017, According to New Report by Widespread Industry Analysts, Inc. Trudge 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm