About Herbal Supplements
Herbal supplements are non-pharmaceutical and non-food substances used to improve health. Escalating product lines in herbal supplement markets, an elderly population and rising consumer inclination towards natural products are driving sales for herbal supplement market. Emerging economies are projected to dominate the world herbal supplement market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.2% |
The herbal supplement market is a dynamic and competitive space. As the market continues to evolve, companies that can effectively navigate these trends and deliver high-quality, science-backed products are poised for success. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Herbal Supplements market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Glanbia plc (Ireland), Herbalife International of America, Inc. (United States), Blackmores (Australia) and Nutraceutical International Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Glanbia plc (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Herbal Supplements market by Type (Moringa, Echinacea, Flaxseeds, Turmeric, Ginger and Ginseng), Application (Pharmaceuticals, Food And Drink, Personal Care Products and Other) and Region.
On the basis of geography, the market of Herbal Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Herbal Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Capsule will boost the Herbal Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pregnant women will boost the Herbal Supplements market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Inclination towards Natural Products
Market Growth Drivers:
Increasing Reliability in Effectiveness of Herbal Medicines. and UP Surging Availability on Electronic Platform
Challenges:
Intense Competition
Restraints:
Stringent Regulatory Policy
Opportunities:
Rising Customer Interest in Health and Wellness
Market Leaders and their expansionary development strategies
In May 2023, CVS Pharmacy announced a partnership with Nature Made to launch an exclusive line of herbal supplements under the CVS Health brand. This collaboration aims to provide consumers with affordable and accessible natural wellness solutions.
In January 2024, GNC launched a new line of plant-based protein powders featuring adaptogenic herbs like Ashwagandha and Rhodiola. This caters to the rising demand for natural and functional ingredients in sports nutrition products.
Key Target Audience
Herbal Supplement Manufacturers, Research Institute, Government bodies, Business research and consulting firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.