Herbal Supplements Market Trend and Forecast for Robust Growth During 2021-2030 and Covid-19 Analysis


herbal supplements market

Herbal Supplements Market by Source, Form, Application: Global Opportunity Analysis and Industry Forecast, 2021-2030.

PORTLAND, OR, USA, March 3, 2022 /EINPresswire.com/ — Herbal supplements are organic food additives derived from natural raw materials such as moringa, turmeric, ginger, echinacea, l black cohosh and flax seeds, among others. Tablets, powders, soft gels, liquid extracts, ointments, capsules, and other supplement forms are the most common. Herbal supplements offer a wide range of medicinal characteristics due to their high content of minerals, amino acids, enzymes and vitamins, all of which are necessary for human health. These supplements also have antiseptic, antibiotic, antidepressant, and anti-inflammatory properties, as well as providing skin radiance and immune system support. Herbal supplements are commonly used by children, adults, and seniors around the world due to their benefits. Consumer health concerns, combined with increased spending on preventative health products, have driven the herbal supplement market in recent years.

Companies covered:

Arizona Natural Products, The Archer Daniels Midland Company, Twinlab Corporation, Blackmores Ltd., Glanbia, Plc, Herb Pharm, LLC., Herbalife International of America, Inc., Gaia Herbs, DSM Nutritional Products AG, Naturalife Asia Co., Ltd. , Nature’s Bounty Co., Nutraceutical International Corporation, Dr. Willmar Schwabe GmbH & Co. KG, Rainbow Light Nutritional Systems, Inc., Ricola AG, The Himalaya Drug Company and Bio-Botanica Inc.

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COVID-19 Impact Analysis

The disruption to the supply chain has not only hampered the manufacturing of herbal supplements, but it has also reduced inventory at retailers. As a result, there is a mismatch between market demand and supply of goods.
Additionally, COVID-19 has resulted in a shutdown of production facilities. Due to the lockdown, the crucial mining and conversion process could not take place, leading to lower inventory of the product and lower revenue
Manufacturers of these products have also been heavily affected due to financial problems and non-availability of funds.
Main impact factors

Rising health and wellness expenditures, along with rising levels of disposable income, are expected to drive the demand for herbal supplements internationally, especially in emerging economies.
Consumers are increasingly choosing to buy health and wellness products over luxury goods. Herbal supplements help maintain cholesterol levels, regulate the digestive system, and reduce stress. Hence, the growing awareness about the health benefits offered by these products is expected to boost the market growth.
In addition, the high prevalence of lifestyle disorders such as diabetes, obesity and others, along with the growth of the elderly population around the world, have fueled the demand for dietary supplements to help people manage their risks. for health.

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Market trends

Consumer health awareness fueled demand

The herbal supplements market is expected to grow due to rising health and wellness expenditures and increasing disposable income levels, especially in emerging economies. Consumers in underdeveloped countries increasingly prefer to buy health and wellness products over luxury goods. Herbal supplements help maintain cholesterol levels, regulate the digestive system, and reduce stress. Additionally, the expansion of the herbal supplement industry is fueled by an increase in demand for nutritional supplements and the negative effects of allopathic pharmaceuticals.

Growing demand for supplements to promote preventative health measures, along with rising per capita disposable income in emerging countries, is driving the expansion of the global market. Herbal supplements help with cholesterol management, digestive system regulation and stress reduction. These benefits are widely advertised by industry players, resulting in increased sales of herbal supplements worldwide.

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High demand for turmeric supplements

Turmeric has a wide range of health benefits. Nowadays, customers are looking for turmeric which has certain health benefits. In the herbal supplements market, market players will invest in turmeric products that would help cure a specific condition rather than generic turmeric products. This is expected to boost the growth of the herbal supplements market

During the projection period, the turmeric supplements segment is expected to grow at the fastest rate of 8.1%. The growing importance of turmeric for therapeutic applications, along with significant clinical studies confirming the effectiveness of turmeric supplements, is propelling the industry forward. Turmeric may also help treat hyperlipidemia, anxiety, metabolic syndrome, as well as inflammatory and oxidative disorders. Larger companies are investing more in R&D for the creation of turmeric supplements due to the many therapeutic qualities of turmeric.

Key Benefits of the Report

This study presents the analytical representation of the Herbal Supplements industry together with current trends and future estimations to determine impending pockets of investment.
The report presents information related to key drivers, restraints, and opportunities, along with a detailed analysis of the Herbal Supplements market share.
The current market is quantitatively analyzed from 2020 to 2028 to highlight the growth scenario of the Herbal Supplements market.
Porter’s five forces analysis illustrates the power of buyers and suppliers in the marketplace.
The report provides a detailed analysis of the Herbal Supplements Market based on the competitive intensity and how the competition will shape in the coming years.

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