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 abatement notwithstanding. Today, according to the latest reports from the American Botanical Council ( ABC ), sales of herbal supplements have reached $5. 3 billion, view an increase of 4. 3 percent from the previous extent ( 2010 ). Mass channel sales outstretched to increase by 3 percent and sales in the natural and health channels extra by 5. 5 percent. 1 - 2 Elder 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 pragmatic 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 tide. 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 expectation of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent steam. Greater emphasis on R & D in the supplement industry leading to more artistic, well - formulated products. A growing aging society thats more eager to try herbal supplements to maintain health and an active lifestyle. Growing consumer awareness of herbs in precaution healthcare. Herbs have little or no side effects and are proving their ability. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to applicable their health needs. As a corollary, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been regrettable down to give us the top - selling herbs in 2011. SymphonyIRI, a sizeable 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 tag 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 abatement, the herbal supplement industry remained unfazed. In detail, sales remained robust and the industry showed no apparent decline. This shows how much consumers cost herbal products. If machine, the downturn helped drive more consumers to herbal supplements. Aerial 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 universal market research with headquarters in the U. S., the ensuing trends have been empirical: 3Middle - doddering women are the dominant buyers of herbal supplements, followed by those that fall into the Baby Boomer category. There is a growing inquire for natural health and food supplements, as individual to prevailing synthetic supplements. Products interpolate fish oils, probioitic acidophilus, and natural detox kits. Consumers are parade a accord 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 plain market growth in venom of the economic abatement were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a pass into from a deviating ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the congruous benefit is preferred lambaste a poles apart ingredient recipe. There is innumerable consumer ask for multi - process or conglomeration super colossal formats, as well as chewables, capsules and tablets. According to GIA, the rampant herbal supplement market will distance $93. 15 billion by 2015, due in vast part to growing consumer confidence in herbal products, product innovations and stricter stuff 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 initiate their own monogram of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has known various honors and accolades, provides competitive reproduce and product turnaround times and can offer you in - roof services such as sticker and packaging draw, form 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 Existence Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Point: 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, Point: 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 Pandemic 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 Spread US$107 Billion by 2017, According to New Report by Universal Industry Analysts, Inc. Walk 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm