Nutraceutical and Supplement Merchant Account Solutions

Jan 24, 2018

The global nutraceutical market is anticipated to account for $285.0 billion by 2021 (up from $198.7 billion in 2016), demonstrating a compound annual growth rate (CAGR) of 7.5%, from 2016 to 2021.

Are you a nutraceutical merchant interested in opening a merchant account for your online business? Be aware it’s critical to turn to a reliable and experienced merchant account provider that specializes in the high risk industry.

The Nutraceutical Industry

Today, consumers of different demographics are paying more attention to wellness. Consumers focus on a diet full of natural, whole foods, as well as functional, value-added products like nutritional beverages and dietary supplements.

According to a 2016 economic impact report funded by the Council for Responsible Nutrition, consumption is at its highest, so are revenues. The dietary supplement industry contributed $121.6 billion to the US economy in 2016.

According to Euromonitor International, the US vitamin and dietary supplement market is expected to grow by 53% to $28.7 billion by 2021. There is a higher demand for functional foods as compared to other variants.

This segment is excepted to continue to play a leading role in the years to come. On the other hand, the demand for functional beverages is also forecast to spike by 2021.

Nutraceutical Merchant Account for Your Business

Nutraceutical merchants can have a difficult time getting approved for credit card processing because of the high risk nature of their business. The companies in the field are classified as high risk due to the chance for legal action in this loose and unregulated market.

With this in mind, it’s critical for nutraceutical merchants to work with a reputable merchant account provider like emerchantbroker.com to get a nutraceutical merchant account without any challenges. EMB is voted the nation’s #1 high risk processor and is rated A+ by the BBB.

Moreover, EMB has an A rating with Card Payment Options and is among Inc. 500’s Fastest Growing Companies of 2016. With EMB, you can be sure to get a merchant account tailored to your specific business wants and needs.

According to Transparency Market Research (TMR), the US market for nutraceuticals is expected to soar at a CAGR of 5.30% from 2016 to 2024, and touch a value of US$102.6 billion by the end of the mentioned period.

Let us help you get a high risk merchant account today!

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