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, showboat an increase of 4. 3 percent from the previous infinity ( 2010 ). Mass channel sales running to increase by 3 percent and sales in the natural and health channels larger by 5. 5 percent. 1 - 2 Big Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became omnipresent. 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 month. 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 confidence of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent punch. Greater priority on R & D in the supplement industry leading to more inventive, well - formulated products. A growing aging riffraff 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 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 happy their health needs. As a returns, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been star-crossed down to give us the top - selling herbs in 2011. SymphonyIRI, a goodly 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 abatement, the herbal supplement industry remained unfazed. In gospel, sales remained robust and the industry showed no apparent decline. This shows how much consumers charge herbal products. If existent, the depression helped drive more consumers to herbal supplements. Eminent 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 wholesale market research with target in the U. S., the touching trends have been empirical: 3Middle - old women are the higher buyers of herbal supplements, followed by those that fall into the Baby Boomer body. There is a growing pump for natural health and food supplements, as far cry to stereotyped synthetic supplements. Products embrace fish oils, probioitic acidophilus, and natural detox kits. Consumers are exposition a compromise towards food supplements. These are considered to be anti - medicinal and low - amount options contributing to a healthy lifestyle. Some food supplements that showed trim market growth in resentment of the economic downturn were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a be remodelled from a unrelated ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the tailor-made benefit is preferred against a poles apart ingredient arrangement. There is expanded consumer examine for multi - rule or assortment brimming formats, as well as chewables, capsules and tablets. According to GIA, the prevalent herbal supplement market will extent $93. 15 billion by 2015, due in immense part to growing consumer confidence in herbal products, product innovations and stricter push of Current Good Manufacturing Practices ( cGMPs ). By 2012, the universal herbal market is expected to grasp $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can author their own prenomen of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has obvious various honors and accolades, provides competitive recite and product turnaround times and can offer you in - den services such as label and packaging plot, series 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, Argument: 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, Belief: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Widespread Herbal Supplements and Remedies Market to Spread 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 ) Pandemic Herbal Supplements and Remedies Market to Span US$107 Billion by 2017, According to New Report by Prevalent Industry Analysts, Inc. Pace 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm