Stambry’s Herbs and Spices
The purpose of this company is to promote healthy living/eating, showing how each herb or spice can promote good health. This company will provide herbal supplements (teas, tinctures) as well as spice mixes for cooking. With each product will information will be provided on the health benefits of each ingredient, and how healthy eating is anything but bland.
In determining the NAICS for this industry will be using 325411. For the Spices and Spice mixes 311942 could also be used. However, since the nutritional and possible herbal remedy properties will be the bases of using each spice in the mixes, the NAICS of 325411 is more appropriate.
This industry is one of the largest growing industries. As consumers are taking more control over their health, using more natural remedies vs. chemical laden drugs, and genetically modified foods.
The growth rate of herbal supplements has seen a rapid growth rate in the past several years. It is estimated by the year 2015 sales will reach almost $100 billion (Nutraingredients 2011.)There are many companies offering a ...
My SNHU Pet Store is growing because of its success in providing quality products to their pet-owning customers. The company would like to introduce a new line of pet foods with no artificial ingredients or additives. It will be a high quality pet food that would mirror the company’s dedication to providing quality pet products and will be named “My Healthy Best Friend.” This paper will show you how we will be doing this with this new product.
Click here for more information. You’ll be taken to the Natural Herbal Living Magazine site.
With all the unregulated dietary supplements being sold and recommended, our health insurance costs will continue to rise. If the product causes severe side effects, it should no longer be permitted to be sold in stores. The only way to touch the minds of many people is to inform them of the dangers of consuming dietary supplements. Disposing of all incorrect information in product labeling and ingredient lists is important. People need to recognize the faults that plague many advertisements. In addition businesses should promote safe products instead of the harmful ones that they advocate for. The United States Congress should consider regulating dietary supplements to maintain safety. If people are aware of the many lies companies present, then dietary supplements will be one less problem to worry about.
Research and development is a very important aspect of this industry and it is very draining on a company's funds. Great emphasis is also placed on product placement and marketing. Though these products are usually marketed towards industry professionals such as doctors and hospital management.
...emand for prescription drugs over the next 25 years. The number of people between 45 and 64 years old will increase 41% by 2015. Given the rise in age population and life expectancy rates around the world and the level of pharmaceutical use by aging individuals, growth in the industry should remain in an upward trend.
Dietary supplements are used to add additional nutritional value to the diet. Some common forms of supplements include: vitamins, amino acids, minerals, herbs, and enzymes, and can be found in a multitude of forms such as capsules, liquids, gel caps, powders, and tablets. Dietary supplements are becoming increasingly popular among Americans today. According to the Centers for Disease and Control, “Over half of the adults in the U.S. use at least one type of dietary supplement, the most common being multivitamins.”1 Many use these vitamins because they are believed to present a number of benefits, such as helping or treating diseases, etc. While dietary supplements can be beneficial to your health; Americans should also be cognizant of the health
One of the reasons that there is so much confusion is the lack of involvement by Federal Food and Drug Administrations in herbal remedies. The Dietary Supplement Health Education Act of 1994 put herbal remedies into the category of dietary supplements. This means that these herbal remedies are not subjected to the same sort of testing that over-the-counter or prescription medications are (USFDA). Michael Mc Guffin, the president of the American Herbal Producers Association has said that testing of these products is unnecessary because, “ these products are tested by years and years of use”.
from the herbal market. Although herbal remedies and dietary supplements can be beneficial to many Americans, the United States needs to implement
We will sell our products throughout well-known hyper markets and online retailers. Since hyper markets are expanding rapidly we are confident that our product will reach out many potential returning customers. During the first year, we will provide samples and brochures informing customers of the nutritional facts of our products. We will also demonstrate the importance of getting enough vitamins and minerals to have a healthy life.
Marketing is a essential part of a business because it helps to control the way that goods or services are sold. When marketing a specific product or service it is crucial to be well informed in all aspects of marketing, which include the marketing mix, marketing strategy, target market in which you will offer your product and the environmental factors that could effect how your product is received, including social and cultural difference, competition, economic and technological aspects. In this paper I will explain how I will market the product which I have chosen. An Herbal Shampoo brand called "Herbalize."
Another risk involved in this industry is its huge number of competitors. It is a well-known fact that the food industry is one of the most saturated markets that has ever existed, mainly because it has a huge market population and it is a need for the society. The industry tends to get very competitive because of its sheer number of population of consumers, as well as its producers. Evidently it is a very lucrative industry to step in to, that is why a lot of people tend to penetrate the market in an attempt to make a huge profit from
Whereas, China’s annual herbal drug production is about US $48 billion with export of US $3.6 billion. Currently, United States has the largest share for Indian botanical products which accounts for about 50% of its total export. The major importers of herbal medicine from China are Japan, Hong Kong, Korea and Singapore which accounts for 66%. WHO includes phytotherapy in its health programmes and gives basic procedures for the validation of herbal drugs in developing countries. Eastern countries like India and China have well-established herbal industries and Latin American countries have been carrying out research programs in medicinal plants and their standardisation procedures. In Germany, 50% of phytomedicinal products are sold on medical prescription and the cost being refunded by health insurance companies. In North American countries, phytomedicinal products are sold as .health foods. Consumers and professionals have struggled to change this by gathering information about the efficacy and safety of these products and new guidelines for their registration are now part of FDA policy. In 1997, the North American market for products of plant origin reached US$ 2
Herbal remedies’ qualities are widespread availability, lower cost, effective for chronic conditions. Herbal remedies are the use of plants or plant extract to treat a person’ overall health. Herbal treatments are prominent for developing countries for instance, “in Africa up to 90% and in India 70% of the population depend on traditional medicine to help meet their health care needs” (Wachtel-Galor & Benzie, 2011), due to their low cost and availability. Herbal remedies have gained attention in the past decades, and expanding their uses due to the increased interest of natural therapies (Wachtel-Galor & Benzie, 2011). Herbs used on the remedies grow in the wild throughout the world, therefore making it easy to
The target market will be specifically made up of males and females ranging in ages from 18- 45. This segment was selected as many people younger than this age are still having their meals selected for them whereas those who are older than this bracket are seeking a healthier and more holistic lifestyle. For secondary target markets healthier products should be provided as well as products for children
We want to amaze the world with our natural ingredients, unique scents and exquisite designs and packaging and attract more customers.