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 withdrawal notwithstanding. Today, according to the latest reports from the American Botanical Council ( ABC ), sales of herbal supplements have reached $5. 3 billion, splash an increase of 4. 3 percent from the previous duration ( 2010 ). Mass channel sales towering to increase by 3 percent and sales in the natural and health channels further by 5. 5 percent. 1 - 2 Above Factors Driving GrowthPlants have been used for health and medicinal purposes for centuries. But with the advent of industrialization, the use of pharmaceuticals became universal. 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 practical 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 second. 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 faith of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent impetus. Greater emphasis on R & D in the supplement industry leading to more deviceful, well - formulated products. A growing aging nation thats more eager to try herbal supplements to maintain health and an active lifestyle. Growing consumer awareness of herbs in safeguard healthcare. Herbs have little or no side effects and are proving their gift. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to suitable their health needs. As a eventuality, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been jinxed down to give us the top - selling herbs in 2011. SymphonyIRI, a vast 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 tab 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 reality, sales remained robust and the industry showed no apparent decline. This shows how much consumers appraisal herbal products. If word, the withdrawal helped drive more consumers to herbal supplements. Grand 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 Global Industry Analysts ( GIA ), leaders in prevalent market research with focus in the U. S., the beside trends have been practical: 3Middle - venerable women are the larger buyers of herbal supplements, followed by those that fall into the Baby Boomer fit-out. There is a growing quiz for natural health and food supplements, as antithetic to passable synthetic supplements. Products insert fish oils, probioitic acidophilus, and natural detox kits. Consumers are display a choice towards food supplements. These are considered to be anti - medicinal and low - monetary worth options contributing to a healthy lifestyle. Some food supplements that showed continuous market growth in odium of the economic recession were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a turn into from a distinctive ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the apt benefit is preferred against a individual ingredient system. There is larger consumer pry into for multi - approach or shift mungo formats, as well as chewables, capsules and tablets. According to GIA, the rampant herbal supplement market will stretch $93. 15 billion by 2015, due in goodly part to growing consumer confidence in herbal products, product innovations and stricter momentum of Current Good Manufacturing Practices ( cGMPs ). By 2012, the rampant herbal market is expected to grasp $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can construct their own sobriquet of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has conscious various honors and accolades, provides competitive recite and product turnaround times and can offer you in - dump services such as tab and packaging sketch, establishment 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 Judgment Slight Increase in 2008, HerbalGram. 2009; 82: 58 - 61 American Botanical Council, Topic: 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 Global Herbal Supplements and Remedies Market to Spread 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 ) Rampant Herbal Supplements and Remedies Market to Stretch US$107 Billion by 2017, According to New Report by Widespread Industry Analysts, Inc. Parade 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm