The Global the herbal supplement market has grown at a CAGR of around 7.3% during the period 2014-2019. Looking ahead, the market is expected to continue to grow moderately over the next five years, according to a new report from IMARC Group.
Herbal supplements are derived from natural ingredients, such as ginger, turmeric, and flax seeds. They help reduce stress, strengthen the immune system, improve digestion, and minimize the risk of diabetes, cholesterol, and gastrointestinal problems. They usually come in the form of capsules, tablets, syrups, ointments and powders.
Due to the increase in cases of coronavirus disease (COVID-19), individuals around the world are focusing on boosting their immunity. As a result, they are spending more and more on health and wellness products, which in turn positively influences the demand for herbal supplements. Apart from this, the growing geriatric population and increasing number of patients with chronic diseases are further driving the growth of the market. In addition, due to the inflation of income levels and the growing health awareness among individuals, there is an increase in demand for herbal supplements through online distribution channels, this which should stimulate the market in the years to come.
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Note: As the Novel Coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in the markets, as well as consumer buying behaviors around the world and our estimates on the latest trends and forecasts for the world. market are in progress. after examining the impact of this pandemic.
Global Herbal Supplements Market Segmentation:
Market breakdown by product type
Market breakdown by formulation
Powder and Granules
Market breakdown by consumer
Market breakdown by region
Middle East and Africa
For more information on this report, visit: https://www.imarcgroup.com/herbal-supplements-market
Some of the major players and vendors analyzed in the report include Ancient Greenfields PVT LTD, ANP Inc. (ASX: ANP), Bio-Botanica, Inc., Gaia Herbs BV, Herb-Pharm, LLC, Jarrow Formulas, Inc., Now Health Group, Inc., Nutraceutical Corporation, Rainbow Light Nutritional Systems, Inc., Solgar Inc., etc.
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