DUBLIN, May 7, 2021 / PRNewswire / – The “Herbal Supplements – Global Market Trajectory and Analysis” report was added to ResearchAndMarkets.com offer.
In the midst of the COVID-19 crisis, the global herbal supplements market estimated at US $ 10.8 billion in 2020, is expected to reach a revised size of US $ 16.9 billion by 2027, with a CAGR of 6.6% over the analysis period 2020-2027.
Echinacea, one of the segments analyzed in the report, is expected to register a CAGR of 6.9% and reach 6.1 billion US dollars at the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the flaxseed segment is readjusted to a revised CAGR of 6.8% for the next 7-year period.
The US market is estimated at $ 2.9 billion, while China is expected to grow at 9.9% CAGR
The market for herbal supplements in the United States is estimated at US $ 2.9 billion in the year 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 3.7 billion by 2027, with a CAGR of 10% over the analysis period of 2020 to 2027. Other notable geographies include Japan and Canada, each forecasts growth of 3.6% and 5.9% respectively over the period 2020-2027. In Europe, Germany is expected to grow at around 4.2% CAGR.
Turmeric segment registers 7% CAGR
In the global turmeric segment, United States, Canada, Japan, China and Europe will drive the estimated 6.5% CAGR for this segment. These regional markets representing a combined market size of US $ 1.6 billion in 2020 will reach a projected size of US $ 2.5 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach US $ 2.3 billion by 2027, while Latin America will increase at a CAGR of 8.3% throughout the analysis period.
Selected Competitors (Total 36 featured):
- Former GreenFields Pvt. Ltd.
- Archer Daniels Midland Company
- Arizona Natural Products
- Bio-Botanica Inc.
- Gaia herbs
- Glanbia plc
- Herbalife International of America, Inc.
- Jarrow Formulas, Inc.
- NaturaLife Asia Co., Ltd.
- The bounty of nature
- NBTY, Inc.
- Now the food
- International nutraceutical company
- Solgar, Inc.
Main topics covered:
1. MARKET OVERVIEW
- Overview of the influencer market
- Global market trajectories
- Impact of Covid-19 and an impending global recession
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- REST OF EUROPE
- ASIA PACIFIC
- SOUTH KOREA
- REST OF ASIA PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- Total number of profiled companies: 36
For more information on this report, visit https://www.researchandmarkets.com/r/hmiy2w
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SOURCE Research and Markets