The Herbal Supplement Market Experiencing Phenomenal Growth!

The Herbal Supplement Market Experiencing Phenomenal Growth!

googletag. cmd. push ( function ( ) { googletag. display ( ' div - article - top ' ); } );

In the last 5 years, the $4. 8 billion herbal supplement market in the United States has grown significantly, the economic depression notwithstanding. Today, according to the latest reports from the American Botanical Council ( ABC ), sales of herbal supplements have reached $5. 3 billion, pomp an increase of 4. 3 percent from the previous juncture ( 2010 ). Mass channel sales extensive to increase by 3 percent and sales in the natural and health channels massed by 5. 5 percent. 1 - 2 Over 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 empitic 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 flash and spur growth each stint. 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 assurance of herbal supplements has been instilled through tighter regulations ( cGMPs ) and their stringent pressure. Greater accent on R & D in the supplement industry leading to more inventive, well - formulated products. A growing aging kinsmen 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 effectiveness. Herbal supplements enable consumers to treat their ailments on their own. They have the liberty to choose for themselves the supplements they want to appropriate their health needs. As a emanation, consumer confidence is up. Top - Selling Herbs in 2011Data from different sales channels have been inopportune down to give us the top - selling herbs in 2011. SymphonyIRI, a big 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 label 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 fact, sales remained robust and the industry showed no apparent decline. This shows how much consumers charge herbal products. If point, the downturn helped drive more consumers to herbal supplements. Uplifted 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 nerve center in the U. S., the attached trends have been heuristic: 3Middle - olden women are the large buyers of herbal supplements, followed by those that fall into the Baby Boomer category. There is a growing canvass for natural health and food supplements, as single to frequent synthetic supplements. Products insert fish oils, probioitic acidophilus, and natural detox kits. Consumers are fanfare a judgment towards food supplements. These are considered to be anti - medicinal and low - charge options contributing to a healthy lifestyle. Some food supplements that showed horizontal market growth in revenge of the economic abatement were omega - 3 fatty acids, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine. Trends show a convert from a colorful ingredient market to a multiple ingredients - based market. Having multiple ingredients that work in synergy to achieve the useful benefit is preferred rail a disparate ingredient technique. There is other consumer inquire for multi - the book or range fat formats, as well as chewables, capsules and tablets. According to GIA, the extensive 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 pains of Current Good Manufacturing Practices ( cGMPs ). By 2012, the universal herbal market is expected to span $107 billion. 4 Add Herbal Supplements to Your Product LineSupplement business owners and retailers can constitute their own sobriquet of herbal supplements with the help of an experienced nutraceutical supplement manufacturer. Look for one that has established various honors and accolades, provides competitive quote and product turnaround times and can offer you in - habitation services such as tab and packaging originate, adjustment 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 Patience 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, Affair: 95 Page: 60 - 64. cms. herbalgram. org / herbalgram / issue95 / hg95 - mktrpt. html Pandemic Herbal Supplements and Remedies Market to Grasp 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 ) Universal Herbal Supplements and Remedies Market to Spread US$107 Billion by 2017, According to New Report by Universal Industry Analysts, Inc. Footslog 07, 2012. prweb. com / releases / herbal_supplements / herbal_remedies / prweb9260421. htm