Global Herbal Supplements Market is valued at USD 6115.4 Million in 2020 and is expected to reach USD 9134.8 Million by 2027 with a CAGR of 5.9% over the forecast period.
Increasing adoption of herbal products by an aging population and increasing prevalence of lifestyle-related diseases are some major impacting factors driving the growth of the global herbal supplements market.
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Herbal Supplements are dietary Supplements are obtained from plants or herbs. Herbal Supplements sometimes called botanicals which are a type of dietary Supplements containing one or more herbs. Also it is used to improve lack of deficiencies diseases. It includes drugs that are derived from plants. Herbal Supplements have applications in the pharmaceutical, food & beverages, 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 the types of diseases. Nutraceuticals products are one of the types of Supplements that have many health benefits and used to improve health, increase life expectancy, delay the aging process, prevent chronic diseases and support function of the body.
Herbal Supplements Companies
- Nutraceutical International Corporation
- Willmar Schwabe GmbH & Co. KG
- The Himalaya Drug Company
- Rainbow Light Nutritional Systems, Inc.
- Ricola AG
- Bio-Botanica Inc
- 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.
- Arizona Natural Products
- The Archer Daniels Midland Company
Global Herbal Supplements Market Segmentation:
By Form or Type:
- Oil liquid extracts
- Bath salts
- Food and beverages
- Personal care
Herbal Supplements Market Dynamics
Increasing adoption of herbal products by an aging population and increasing prevalence of lifestyle-related diseases are some major impacting factor driving the growth of the global herbal supplements market. Further, the lack of vitamin deficiencies diseases in children will boost the market growth in the forecast period. According to the World Health Organization (WHO), an estimated 250 000 to 500 000 vitamin A-deficient children become blind every year. According to NCBI, around 19 million pregnant women are affected by deficiency of vitamin A.
Increasing Cases of Vitamin Deficiencies and Shifting Consumer Preferences for Herbal Supplements are Some of the Major Factors Driving the Market Growth
Increasing number of cases of vitamin deficiencies is one of the major factors driving the growth of herbal Supplements Market. For instance; according to World Health Organization (WHO) and European Journal of Clinical Nutrition2019 report an estimated 250,000 to 500,000 vitamin A deficient children become blind every year. Also, about 40% of Europeans are vitamin D deficient and 13% severely deficient.
So, the deficiency of vitamins can cause severe health problems like vitamin A deficiency cause blindness, vitamin D deficiency can cause chronic diseases related to kidney, heart etc. To reduce the risks of severe diseases and deficiency and to avoid increasing health problems, thus concern about herbal Supplements among people is increasing significantly.
Herbal Supplements Market Regional Analysis
North America is dominating the Herbal Supplements market with the highest share in the forecast period due to rising awareness among the people about herbal Supplements for healthcare. Moreover, consumption of nutraceutical products to improve health, rising lifestyle-related diseases like Osteoporosis, established healthcare infrastructure and technological advancements and increasing R&D by major players in this region.
The Asia Pacific is expected to emerge as the fastest-growing regional herbal Supplements market over the forecast period owing to the increase in healthcare expenditure, rising awareness about Dietary Supplements, increasing geriatric population with chronic diseases and availability of effective herbal treatment in emerging countries, such as China and India.
Key Benefits for Global Herbal Supplements Report:
- Global Herbal Supplements Market report covers in-depth historical and forecast analysis.
- Global Herbal Supplements Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Herbal Supplement Companies, Market Opportunities, Competitive Analysis, Regional and Country levels.
- Global Herbal Supplements report helps to identify opportunities in the marketplace.
- Global Herbal Supplements Market report covers extensive analysis of emerging trends and competitive landscape.
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