About Herbal Nutraceuticals
Nutraceutical is a substance that is a food or a part of food that in addition to its normal nutritional value provides medicinal or health benefits including the prevention and treatment of diseases. Nutraceutical has benefit over the medicine because they avoid side effect, have naturally nutritional supplement, etc. Herbal nutraceutical are made from raw ingredients with no additives or toxins added. As compared to traditional products on the market, these products are more reliable, cleaner, and tolerable.Aloe vera, garlic, ginger, green tea, and turmeric are some of the most popular herbal nutraceuticals on the market. Furthermore, these herbal nutraceuticals are widely distributed through a variety of delivery outlets, including online retailers, supermarkets/hypermarkets, online stores, and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Herbal Nutraceuticals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Nestle S.A. (Switzerland), NOW Foods, Inc. (United States), The Nature's Bounty Co. (United States), Gaia Herbs, Inc. (United States), Oregon's Wild Harvest (United States), Bio-Botanica, Inc. (United States), Solaray, Inc. (United States), Herbochem (United States), The Himalaya Drug Company (India) and Twinlab Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Rexall Sundown, Inc. (United states) and Herb Pharma AG. (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Herbal Nutraceuticals market by Type (Functional Beverages, Functional Food and Dietary Supplements) and Region.
On the basis of geography, the market of Herbal Nutraceuticals 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 Source of Extraction, the sub-segment i.e. Leaves will boost the Herbal Nutraceuticals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Herbal Nutraceuticals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form Type, the sub-segment i.e. Tablets will boost the Herbal Nutraceuticals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advantage of Powder over Liquid, Capsule and Other Forms and Growing Focus on Product R&D
Market Growth Drivers:
Growing demand for Natural Ingredients and Lack of Stringent Regulation
Challenges:
lack of experimental evidence and false advertisement
Restraints:
Side Effects Associated the Some Herbal Extracts
Opportunities:
Emergence of New Herbal Extraction Technologies
Market Leaders and their expansionary development strategies
In December 2022, Barentz International, a leading global life science ingredients distributor, announced today that it has acquired Natural, a supplier of premium, naturally sourced, herbal, and functional ingredient solutions for the nutraceuticals industry.The acquisition will significantly strengthen Barentz’s value-add product offering of natural and functional ingredient solutions for the nutraceuticals industry.
In January 2021, Prorganiq natural and herbal brand has launched a new range of premium herbal supplements. The brand perceives well the need for herbs to the body and has designed a range of solutions in the form of herbal supplements for various health ailments.
Key Target Audience
Manufacturers of Herbal Nutraceutical , Suppliers of Herbal Nutraceutical , Raw Material Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organizations 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.