In his latest report on Herbal supplements Marlet provides a concise analysis of recent market trends. The report further includes statistics, market forecast, and revenue estimates, which further highlight its status in the competitive field as well as expansion trends adopted by major players in the industry.
Herbal Supplements Market Size 2020
The herbal supplements market is valued at USD 6.22 billion in 2018 and is expected to reach USD 9.67 billion by 2025 with a CAGR of 6.5% over the forecast period.
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Scope of the Herbal Supplements Market
Herbal supplements are food supplements obtained from plants or herbs. Herbal supplements sometimes called botanicals which are a type of dietary supplement containing one or more herbs. It is also used to improve the lack of disease deficiencies. It includes medicines derived from plants. Herbal supplements have applications in the pharmaceutical, food and beverage, and cosmetic industries. Herbal supplements are used to improve well-being or health. It is available as teas, extracts, powders, capsules, tablets and others. These products are natural and have the ability to cure almost all types of illnesses. Nutraceuticals are one of the types of supplements that have many health benefits and are used to improve health, increase life expectancy, delay the aging process, prevent chronic disease, and support body functions. . Nutraceuticals include yogurt and fortified breakfast cereals, vitamins, herbal remedies, and even genetically modified foods and supplements like green tea, omega-3 fatty acids, etc. The common application of herbal supplements is in pharmaceuticals, food and drink, and personal care.
The Herbal Supplements market report is segmented on the basis of source, function, form, application, and by regional and country level. According to the source, the herbal supplements market is categorized into leaves, rinds, fruits and vegetables, and roots. Based on function, the herbal supplement market is categorized into medicinal and aroma. On the basis of form, the herbal supplements market is categorized into capsules and tablets, powder, syrups, oils, and others. On the basis of Applications, the Herbal Supplements market is categorized into Pharmaceuticals, Food & Beverage, and Personal Care.
The regions covered in this Herbal Supplements Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the herbal supplements market is subdivided into United States, Mexico, Canada, United Kingdom, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc.
Herbal supplement companies
The Herbal Supplements Market Report Covers Major Players
- International nutraceutical company
- Willmar Schwabe GmbH & Co. KG
- The Himalaya Pharmaceutical Company
- Rainbow Light Nutritional Systems, Inc.
- Ricola SA
- Bio-Botanica Inc
- Twinlab Company
- Blackmores Ltd.
- Glanbia, Plc
- Herb Pharm, LLC.
- Herbalife International of America, Inc.
- Gaia herbs
- DSM Nutritional Products SA
- Naturalife Asia Co., Ltd.
- Nature’s Bounty Co.
- Arizona Natural Products
- The Archer Daniels Midland Company
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Herbal Supplements News
Acquisition of nutraceuticals announced
New: April 6, 2017, Nutraceutical International Corporation announced the acquisition of the Zhou Nutrition brand from Branson Books, LLC. This brand helps support and grow other brands that sell in other market segments, such as the health food channel. In addition, the incorporation of these acquired businesses provides continued financial synergies through increased market penetration and on a larger scale, as well as strengthened customer relationships for business growth.
Herbal Supplements Market Dynamics
Growing adoption of herbal products by aging population and increasing prevalence of lifestyle related diseases are major impact factors which are driving the growth of the global herbal supplements market. Further, the lack of vitamin deficiency related diseases in children is driving the market growth during the forecast period. According to the World Health Organization (WHO), approximately 250,000 to 500,000 children deficient in vitamin A go blind each year. According to the NCBI, approximately 19 million pregnant women suffer from vitamin A deficiency. However, the strict regulations of government agencies on the production and approval of the product and the lack of awareness regarding dosage consumption will hamper the development of the herbal supplement market. However, advanced development in the healthcare sectors, growing concerns over nutritional deficiencies, and increasing investment in research are expected to drive growth opportunities in the Herbal Supplements market during the forecast period.
Herbal Supplements Market Analysis
North America dominates the herbal supplements market with the highest share during the forecast period due to the growing awareness among the population of herbal supplements for health care. In addition, the consumption of nutraceuticals to improve health, the increase in lifestyle-related diseases such as osteoporosis, the establishment of health care infrastructure and technological advancements and the increase in R&D by the main players in this region. These are some of the activities that are expected to accelerate the growth of the market. According to the United States National Library of Medicine, in the United States, the term “nutraceuticals” is regulated because drugs, food ingredients and dietary supplements and nutraceuticals have aroused great interest due to their nutritional profile and potential safety other than their therapeutic capacity. According to the International Osteoporosis Foundation, the 44 million people with osteoporosis or low bone mass represent 55% of people aged 50 and over in the United States, and osteoporosis affects approximately 1.4 million Canadians, mostly women. menopause and the elderly in Canada.
Asia-Pacific is expected to become the fastest growing regional herbal supplements market during the forecast period owing to increasing healthcare expenditure, growing awareness of dietary supplements, increasing awareness of dietary supplements, increase in the geriatric population with chronic diseases and the availability of effective herbal treatment in emerging countries, such as China and India. Asia-Pacific is at the forefront of innovation in Ayuvadic treatments by developing and delivering transformational treatments that prolong and improve life. According to the NCBI, China has about 95% of the traditional medicine department in its public hospitals. According to the Organization for Economic Co-operation and Development (OECD), in high-income Asia-Pacific countries, the share of the population aged over 65 is expected to double to an average of 27.6% in 2050, while the share of the population aged over 80 is expected to triple between 2015-2050 to reach 10.2%.
Major Benefits For Herbal Supplements Market Reporting –
- The global market report extensively covers historical and forecast analysis.
- The global market research report provides detailed information regarding market introduction, market summary, global market revenue (revenue in USD), market drivers, market restraints, opportunities market, competitive analysis, regional and national levels.
- The global market report helps in identifying opportunities in the market.
- The global market report covers an in-depth analysis of emerging trends and competitive landscape.
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Herbal Supplements Market Segmentation –
- Fruits and vegetables
- Capsules & tablets
- Food and drinks
- Personal care
By regional analysis and by country:
North America, United States, Mexico, Canada, Europe, United Kingdom, France, Germany, Italy, Asia-Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Colombia, Middle East and Africa, CCG, Africa, Rest of Middle East and Africa
1. Chapter – Methodology of the report
1.1. Research process
1.2. Primary research
1.3. Secondary research
1.4. Market size estimates
1.5. Data triangulation
1.6. Forecast model
1.7. USP report
1.8. Description of the report
2.Chapter – Global Herbal Supplements Market Overview: Qualitative Analysis
2.1. Market overview
2.3. Global Herbal Supplements Market Classification
2.4. Market factors
2.5. Market constraints
2.6. Market opportunity
2.7. Herbal Supplements Market: Trends
2.8. Porter’s Five Forces Analysis
2.9. Market attractiveness analysis
3.Chapter – Global Herbal Supplements Market Overview: Quantitative Analysis
4.Chapter – Global Herbal Supplements Market Analysis: Segmentation by Type
5.Chapter Global Herbal Supplements Market Analysis: Segmentation by Application
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