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 slump 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 pace ( 2010 ). Mass channel sales stretching to increase by 3 percent and sales in the natural and health channels too many by 5. 5 percent. 1 - 2 Large Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became ubiquitary. 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 gleam and spur growth each pace. 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 sock. Greater weight on R & D in the supplement industry leading to more originative, well - formulated products. A growing aging masses 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 capability. 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 outcropping, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been ill-starred down to give us the top - selling herbs in 2011. SymphonyIRI, a mammoth 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 ticket 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 depression, the herbal supplement industry remained unfazed. In detail, sales remained robust and the industry showed no apparent decline. This shows how much consumers value herbal products. If creature, the withdrawal helped drive more consumers to herbal supplements. Steep 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 Prevalent Industry Analysts ( GIA ), leaders in rampant market research with focal point in the U. S., the adjoining trends have been observed: 3Middle - getting on women are the uppermost buyers of herbal supplements, followed by those that fall into the Baby Boomer gathering. There is a growing needle for natural health and food supplements, as distant to commonplace synthetic supplements. Products contain fish oils, probioitic acidophilus, and natural detox kits. Consumers are representation a ruling 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 alike market growth in detestation of the economic slump were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a incline from a differential ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the right benefit is preferred censure a distant ingredient custom. There is extended consumer cross-examine for multi - modus operandi or miscellany brimming formats, as well as chewables, capsules and tablets. According to GIA, the universal herbal supplement market will spread $93. 15 billion by 2015, due in mammoth part to growing consumer confidence in herbal products, product innovations and stricter trouble of Current Good Manufacturing Practices ( cGMPs ). By 2012, the widespread herbal market is expected to reach $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can generate their own matronymic of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has published various honors and accolades, provides competitive repeat and product turnaround times and can offer you in - pied-a-terre services such as classify and packaging design, order 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 Worldliness 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, Subject: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Global Herbal Supplements and Remedies Market to Extent US$93. 15 Billion by 2015, According to a New Report by Universal 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 Distance US$107 Billion by 2017, According to New Report by Rampant Industry Analysts, Inc. Walk 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm