The herbal supplements market is expected to reach sales of US $ 191.7 billion by 2030 and is expected to grow at a stellar CAGR of 10.6% during the forecast period.

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A SMARTER WAY OF DOING MARKET RESEARCH (1)

According to new market research from Future Market Insights, the global market herbal supplements market is expected to grow at a sustained rate between 2020 and 2030.

The report attributes the market growth to the growing preference for natural foods, growing awareness of preventative healthcare, and increasing spending on health and wellness. In addition, the broadening of the geriatric population base and the increase in the incidence of chronic diseases are pushing market players to seek out organic and natural ingredients.

In the recent past, there has been a paradigm shift in consumer preference for organic products. Due to the booming health and wellness trend, the demand for herbal supplements has increased dramatically. Likewise, increased disposable income in developing countries has increased the purchasing power of consumers, allowing them to afford herbal supplements.

Plus, herbal supplements help lower cholesterol levels, reduce stress, and keep the digestive system functioning well, among other benefits. Likewise, the introduction of numerous healthcare and tax benefit initiatives by governments around the world are positively influencing the growth trajectory.

Download a sample report with table of contents and figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-11311

“As consumers seek efficient yet economical pharmaceutical products, market players are focusing on careful planning of their operational expenses in order to maintain optimal product costs,” said the IMF analyst.

Herbal Supplements Market – Key Points to Remember

  • The global herbal supplements market is expected to grow at a stellar CAGR of 10.6% during the forecast period and reach a valuation of $ 191.7 billion by the end of 2030.
  • Based on form, herbal supplements in capsule and tablet form are expected to hold the lion’s share of the market value, while the powder form is expected to gain traction in the coming years.
  • Among the end-uses, pharmaceuticals are expected to remain the dominant sector throughout the forecast period, due to the increasing use of herbal supplements in the product, while the food and beverage sector will increase in size. value at a huge CAGR.
  • Based on the source, herbal supplements derived from the leaves are expected to gain the lion’s share, while supplements derived from the bark are expected to gain prominence.

Herbal Supplements Market – Key Trends

  • The Covid-19 outbreak is likely to catalyze market growth, as herbal medicine products have minimal side effects and complications, and herbal supplements find significant adoption on this premise.
  • An increasing number of people practicing veganism, coupled with government policies to promote the consumption of organic products, are increasing the consumption of herbal supplements.

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Herbal Supplements Market – Regional Analysis

  • North America is expected to remain at the forefront of market growth, throughout the forecast period owing to the high prevalence of obesity and government initiatives as well as health trends. and fitness.
  • Europe is expected to remain the second most lucrative region with Germany and France accounting for the majority of the share, thanks to the growing vegan population.
  • Asia-Pacific is expected to become a leading region, supported by growing consumer awareness of the benefits of consuming organic products.

Herbal Supplements Market – Competitive Landscape

Some of the major players operating in the market include Martek Biosciences Corporation, Natures Aid, DSM Nutritional Products Ltd., i-Health, Inc., Nutraceutical Corporation, Ricola AG, Bio-Botanica, Inc., ARKOPHARMA Pharmaceutical Laboratories and The Himalaya Pharmaceutical Company . Market players focus on direct sales, product bundling offerings, and full discounts to gain competitive advantage.

Herbal Supplements Market – Taxonomy

Source:

  • Roots
  • Fruits and vegetables
  • Barking
  • Sheets

Application:

  • Food and drinks
  • Medications
  • Personal care

Form:

  • Oils
  • Syrups
  • Powders
  • Tablets and capsules

Region:

  • North America
  • Latin America
  • Europe
  • Asia
  • Oceania
  • MEA

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Contents

1. Summary

2. Market overview

3. Market context

4. Global Herbal Supplements Market Demand Analysis 2015-2019 and Forecast, 2020-2030

5. Global Herbal Supplements Market – Price Analysis

6.Global Herbal Supplements Market Demand Analysis (Size in US $ Million) 2015-2019 and Forecast, 2020-2030

7. Global Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030, by Source

8. Global Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Application

9. Global Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030, by Form

10. Global Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030, by Region

11. North America Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030

12. Latin America Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030

13. Europe Herbal Supplements Market Analysis 2015-2019 and Forecast 2020-2030

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