The Herbal Supplement Market Experiencing Phenomenal Growth!

The Herbal Supplement Market Experiencing Phenomenal Growth!

In the last 5 years, the $4. 8 billion herbal supplement market in the United States has grown significantly, the economic withdrawal notwithstanding. Today, according to the latest reports from the American Botanical Council ( ABC ), sales of herbal supplements have reached $5. 3 billion, display an increase of 4. 3 percent from the previous duration ( 2010 ). Mass channel sales lasting to increase by 3 percent and sales in the natural and health channels farther by 5. 5 percent. 1 - 2 Extreme Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became wall-to-wall. 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 glint and spur growth each life. 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 credit of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent beef. Greater priority on R & D in the supplement industry leading to more formative, well - formulated products. A growing aging race 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 capacity. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to fair their health needs. As a fruition, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been untoward 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 downturn, the herbal supplement industry remained unfazed. In fact, sales remained robust and the industry showed no apparent decline. This shows how much consumers market price herbal products. If goods, the depression helped drive more consumers to herbal supplements. Tremendous 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 Rampant Industry Analysts ( GIA ), leaders in extensive market research with locus in the U. S., the meeting trends have been empirical: 3Middle - ancient women are the ultra buyers of herbal supplements, followed by those that fall into the Baby Boomer set. There is a growing examine for natural health and food supplements, as divers to casual synthetic supplements. Products append fish oils, probioitic acidophilus, and natural detox kits. Consumers are fireworks a understanding towards food supplements. These are considered to be anti - medicinal and low - charge options contributing to a healthy lifestyle. Some food supplements that showed trim market growth in bugbear of the economic depression were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a be remodelled from a contradistinctive ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the fit benefit is preferred censure a other ingredient fashion. There is massed consumer grill for multi - disposal or conglomeration whopping formats, as well as chewables, capsules and tablets. According to GIA, the wholesale herbal supplement market will spread $93. 15 billion by 2015, due in goodly part to growing consumer confidence in herbal products, product innovations and stricter subjection of Current Good Manufacturing Practices ( cGMPs ). By 2012, the pandemic herbal market is expected to spread $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can concoct their own monogram of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has plain various honors and accolades, provides competitive iterate and product turnaround times and can offer you in - joint services such as label and packaging originate, cast 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 Experience Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Nut: 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, Topic: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Rampant Herbal Supplements and Remedies Market to Distance 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 ) Rampant Herbal Supplements and Remedies Market to Grasp US$107 Billion by 2017, According to New Report by Rampant Industry Analysts, Inc. Stride 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm