Everyone wants to be their own boss. The desire to begin a venture that one is passionate about while making a living is very enticing and has led many to formulate new ideas. Most businesses make decisions based on market fluctuations and changes in demand. One of these changes in demand is the rise of alternative medicine such as kratom.
Historically consumed as a stimulant and antidepressant, kratom has regained its former popularity not only in its homeland of SouthEast Asia but also globally. Its therapeutic and soothing effects are behind its surge in popularity.
Modern lifestyles come with a lot of stress and anxiety, so it is no surprise that many people are looking for a side-effect-free solution. This has led to an increase in green vietnam kratom vendors in the market.
But is entry into the kratom market in 2022 feasible? Let’s find out!
1. Growth in Natural Treatment Alternatives
Over the past three decades, more people have begun exploring the use of traditional herbal treatments. Consumers prefer these herbal extracts since they are relatively more affordable, strengthen the immune system over time, promote natural healing, and are cost-effective. We can state that they offer a more holistic approach to health.
One of these is kratom, which comes from an evergreen tree of the same name. Experts have discovered that kratom effectively alleviates anxiety, insomnia, pain, and low energy levels. Users also prefer natural remedies since they have a much lower incidence of side effects.
2. It’s an Effective Drug Addiction Solution
Opioid addiction is one of the most serious health problems facing the US, with 136 people dying daily from an overdose. This is caused by the high number of people on prescription opioids, a rise in synthetic opioids such as fentanyl, and the sale of heroin. Opioids are highly addictive since they latch onto endorphins centers in the brain leading to strong feelings of euphoria, which eventually develop into a habit.
Kratom helps alleviate opioid addiction since it contains natural alkaloids that help reduce opioid withdrawal symptoms. Additionally, kratom helps ease pain, which is the main motivation behind opioids. For this reason, you can grow your brand by appealing to addicts seeking to cure their addiction.
3. Demand for Kratom is Growing
While kratom was used in the past, it has recently been revived as a form of alternative medicine. Clients are tired of ineffective and damaging remedies that threaten their health, so it is no surprise that they have begun experimenting with herbal extracts. Users have begun providing recommendations of this herb to others, leading to a boom in demand.
Currently, there are more than 10000 kratom vendors in the US with annual revenue of above $1 billion, with many more joining as kratom continues to gain popularity. This has led to the expansion of the kratom industry in Indonesia, reviving the local agricultural economy in remote forest regions as the market grows.
Your business is therefore likely to grow if positioned well since there is a good number of customers willing to purchase and an efficient supply chain management system.
4. Kratom is Federally Legal in the US
When starting a business, it is important to ensure that you avoid any potential legal issues that may risk closure or form a bad reputation around your business. However, you need not worry about this when selling and distributing kratom.
Kratom is federally legal in all states in the US but is unregulated by the FDA. There are many concerns regarding its safety, which experts are lobbying to get past. It is also likely that as kratom grows in popularity and more people understand the proper dosage and use, there will be fewer incidences of overdoses and a better perception of kratom.
5. Many Kratom Business Opportunities
The sale of kratom is a fast-growing industry that offers consumers innovation concerning the wide variety of products available. Kratom has several strains that differ in effects based on their alkaloid content. From Red Borneo to Gold Maeng Da, you can offer your clients over ten options.
Kratom also comes in various forms, ranging from pure kratom powder to gummies, oils, capsules, and compressed tablets; kratom products offer something for everyone.
Users who would like discretion when using kratom can purchase the capsules or tablets, while a glass of kratom powder blended into a smoothie can help you unwind at home. The options are vast for your clients, and you are sure to appeal to a wide range of individuals who will keep coming back for more.
Starting a business can end either of two ways: success or failure. While the success metrics are relative, it is important to get a good start by acquiring more information on the industry before entry. Our guide will provide you with relevant information on the kratom industry that can help you ascertain if you should get into the kratom industry.