Herbal Products Hit US$6.9 Billion in Sales

Thursday, September 22nd, 2016 | 886 Views


Retail sales of herbal supplements in the United States saw a 7.5 percent increase, reaching an all-time high of US$6.9 billion in 2015. This marks the twelfth consecutive year of growth for the sector, according to a report by the American Botanical Council (ABC).

Horehound is the leading botanical product for the second year straight, and sales of horehound dietary supplements rose 8.49 percent to US$115 million in 2015. Horehound dietary supplements are sold commonly as lozenges or in liquid form.

The other top selling ingredients are cranberry with US$66 million and 16 percent growth, and echinacea with US$60 million and 7.37 percent growth respectively.

Boswellia, or frankincense, rose 674 percent in sales to take 39th place. Procured from sap, it has been traditionally used in India for various ceremonial and medical uses. Today, boswellia is usually marketed along with turmeric in modern herbal supplements for anti-inflammatory benefits.

“These figures confirm that strong consumer demand for herbs and herbal products continues in the United States, based on a consumers’ interest in natural and relatively low-cost ways to maintain their health,” said Mark Blumenthal, founder and executive director of ABC.

 

Further reading:

Consider linking to these articles:

Caulipower Outperforms Meatless Burgers
DuPont Nutrition & Biosciences Insights Reveal Opportunities In Plant-Based Dairy Segment
Taiwan International Fisheries & Seafood Show 2019
Ishida Appoints New Director
Mocon Appoints New Senior Vice President Of Global Sales And Marketing
Puratos Expands In Taiwan
The Coca-Cola Company Raises Revenue With Less Sugary Beverages
Autumn Leaves For Colourants And Nutraceuticals? Yes, Say Scientists
Alternative Sweeteners Predicted To Reach US$870 Million In 2020
Infor Announces New India Business Unit

WANT MORE INSIDER NEWS? SUBSCRIBE TO OUR DIGITAL MAGAZINE NOW!

 

SHARE WITH FRIENDS: