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 recession notwithstanding. Today, according to the latest reports from the American Botanical Council ( ABC ), sales of herbal supplements have reached $5. 3 billion, appearance an increase of 4. 3 percent from the previous future ( 2010 ). Mass channel sales spread out to increase by 3 percent and sales in the natural and health channels exceeding by 5. 5 percent. 1 - 2 Large-scale Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became everywhere. 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 heuristic 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 ray and spur growth each date. 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 trust of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent duress. Greater urgency on R & D in the supplement industry leading to more visionary, well - formulated products. A growing aging persons 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 aptitude. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to happy their health needs. As a offshoot, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been troubled 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 sticker 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 withdrawal, the herbal supplement industry remained unfazed. In reality, sales remained robust and the industry showed no apparent decline. This shows how much consumers rate herbal products. If machine, the withdrawal helped drive more consumers to herbal supplements. Big 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 universal market research with target in the U. S., the consequent trends have been pragmatic: 3Middle - gray women are the primary buyers of herbal supplements, followed by those that fall into the Baby Boomer club. There is a growing request for natural health and food supplements, as offbeat to stereotyped synthetic supplements. Products consist of fish oils, probioitic acidophilus, and natural detox kits. Consumers are exposition a settlement towards food supplements. These are considered to be anti - medicinal and low - profit options contributing to a healthy lifestyle. Some food supplements that showed flush market growth in detestation of the economic withdrawal were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a ripen into from a discrepant ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the well-suited benefit is preferred castigate a particular ingredient formula. There is increased consumer pry into for multi - red tape or conglomeration sizable formats, as well as chewables, capsules and tablets. According to GIA, the widespread herbal supplement market will extent $93. 15 billion by 2015, due in mammoth part to growing consumer confidence in herbal products, product innovations and stricter duress of Current Good Manufacturing Practices ( cGMPs ). By 2012, the extensive herbal market is expected to span $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can form their own prenomen of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has admitted various honors and accolades, provides competitive iterate and product turnaround times and can offer you in - home plate services such as classify and packaging plot, placement 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 Know-how Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Problem: 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, Theory: 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 Rampant 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 Extent US$107 Billion by 2017, According to New Report by Prevalent Industry Analysts, Inc. Tread 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm