According to Zion Market Research, global dietary supplements market was valued at USD 132.8 billion in 2016. The market is projected to reach USD 220.3 billion in 2022, and is expected to grow at a CAGR of 8.8% between 2017 and 2022.
Health Supplements Market
Manufacturers of health products can end up with legal troubles if they deal with claims that don’t meet all the specified criteria or in any respect can be viewed as deceptive, false, or misleading.
The risks stem not only from the fact that FDA, FTC, and other government agencies can take enforcement action, or that the National Advertising Division (NAD) of the Better Business Bureau (BBB) or private plaintiffs can sue.
Dietary supplement legal review is called to analyze dietary supplement claims, labeling, and substantiation, that is the evidence required to make a health claim.
The mentioned tasks can vary in scope and cost, depending on a number of factors such as:
- Amount of marketing content requiring review (online or in print)
- Dietary supplement ingredients
- Labels on the dietary supplement bottles and packages
- Number of dietary supplements involved
- Number and nature of claims being made for each supplement
- Type of dietary supplement product
Credit Card processing for Your Health Supplements Business
When looking for a payment processor to get approved for credit card processing, you’ll see that many large merchant account providers aren’t willing to process nutraceuticals or supplements payments because of the murky legal status of certain supplements and the risk of chargebacks from dissatisfied buyers.
The good news is that reputable payment processors like emerchantbroker.com aren’t among the mentioned merchant account providers, and can get you a reliable and low-cost supplements merchant account without difficulty.
So if you’re dealing with health supplements and want to grow your business, consider applying to EMB, the nation’s #1 high risk payment processor. EMB is rated A+ by the BBB and has an A rating with Card Payment Options. EMB is named one of Inc. 500’s Fastest Growing Companies of 2016.
Emerchantbroker.com has significant experience working with merchants in the nutraceuticals and supplements industry, and has earned a reputation for fair pricing and quality customer service.