Nutraceutical Market is Fertile Ground for Investors

Jun 25, 2015

A new report by Research and Markets projects that the U.S. nutraceutical market will reach $75.3 billion in 2017. This major projection is justified by a growing number of consumers investing in dietary supplements and functional food and beverages. In addition, mergers and acquisitions by pharmaceutical companies and retailers is also causing the industry to swell. For entrepreneurs looking for a growing and profitable new market to explore, the nutraceutical market may be the perfect opportunity for long term success.

A nutraceutical product is an isolated or purified item that effectively fights chronic diseases or benefits a person physiologically. Nutraceuticals are divided into three categories: dietary supplements (vitamins, minerals, fatty acids, in the form of tablets and capsules), functional food (probiotics, nuts, tomato products, yogurt), and functional beverages (sports drinks).

Recently, Americans took a United Soybean Board study that revealed the top three most important health issues to them: increasing consumption of healthy foods like fruits and vegetables (67%, up 10% from 2013), stopping childhood obesity (71%, up 12% from 2013), teaching healthy eating habits (73%, up 10% from 2013). In addition, 91% of consumers said that nutrition is the most important issue.

The nutraceutical market is not only thriving in the United States, it is growing around the world. In India and Jamaica, the industry is making a huge impact on the market.  In India, the market is projected to increase by 20 percent, reaching $6.1 billion. Jamaica is getting the country ready to export nutraceuticals. Desperate for more exports, Jamaican leaders are making deals with supplement companies that will make the country a potential powerhouse for the nutraceutical industry. Currently Jamaica is home to more than 80 plants that manufacture prominent ingredients found in many nutraceutical products.

The nutraceutical market is set to take off in the next few years. The industry is ripe for business savvy and independent merchants to create a nutraceutical merchant account. Entrepreneurs have their pick of new markets to invest in. Contact to learn how you can safely start a nutraceutical merchant account today and take advantage of this booming industry.

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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