According to the latest IMARC Group report, entitled “Herbal Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026”, The global herbal supplement market reached a value of US $ 6.3 billion in 2020. Herbal supplements are organic food additives that are usually obtained from natural raw materials, including moringa, ginger, black cohosh, turmeric, echinacea, flax seeds, etc. These supplements are mainly available as powders, liquid extracts, capsules, tablets, soft gels, ointments, etc. Herbal supplements offer various therapeutic properties based on the high composition of amino acids, vitamins, minerals, enzymes, etc. These supplements also contain several antibiotics, antiseptic, anti-inflammatory, and antidepressant benefits, as well as boosting the immune system and giving skin glow. As a result, herbal supplements are widely consumed by the adult, pediatric and geriatric population around the world.
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Growing consumer health concerns and increasing spending on preventative health products are driving the herbal supplement market. In addition, the increasing prevalence of lifestyle-related diseases, such as obesity, diabetes, hypertension, etc., and the increase in the geriatric population are also increasing the demand for products to mitigate risks for the disease. health. In addition, the growing consumer inclination for organic and herbal supplements and the increasing demand for personalized drugs are propelling the market growth. In addition to this, the increasing investments in many R&D activities related to the Ayurvedic sector are expected to catalyze the growth of the market in the years to come. Looking ahead, IMARC Group expects the market to grow at a CAGR of 6.8% during the period 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
Competitive landscape with key players:
- Former Greenfields PVT LTD
- NP inc.
- Bio-Botanica, Inc.
- Gaia Herbs BV
- Herb-Pharm, LLC
- Jarrow Formulas, Inc.
- Now Health Group, Inc.
- Nutraceutical company
- Rainbow Light Nutritional Systems, Inc.
- Solgar Inc.
Breakdown by product type:
Breakage by formulation:
- Powder and Granules
- Soft Gels
Breakdown by consumer:
- Pregnant women
Breakdown by region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia-Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
- Latin America (Brazil, Mexico, others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, others)
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Highlights of the report:
- Market performance (2015-2020)
- Market Outlook (2021-2026)
- Market trends
- Market drivers and success factors
- The impact of COVID-19 on the global market
- Value chain analysis
- Global market structure
- Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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