Global Herbal Supplements Market
Report Highlights
The global Herbal Supplements market was valued at USD 59.45 billion in 2016 and is projected to reach USD 104.78 billion by 2025, growing at a CAGR of 6.5% from 2017 to 2025.
The importance of natural ingredients in health related product is driving demand for herbal supplements. The demand is expected to remain high in Asia Pacific owing to the population trust on herbal products. However, the regulatory hurdles would play a major role in driving market demand.
Market Dynamics:
1. Market Drivers
1.1 Growing female buyers for herbal supplements
1.2 Growing use of herbal products by the young demographic
2. Market Restraints
2.1 Stringent regulations regarding ingredients used in manufacturing
Market Segmentation:
The global Herbal Supplements market is segmented on the source, application, form, function, and region.
1. By Source:
1.1 Roots
1.2 Fruits and Vegetables
1.3 Barks
1.4 Leaves
1.5 Others
2. By Application:
2.1 Food and Beverages
2.2 Pharmaceuticals
2.3 Personal Care
2.4 Others
3. By Form:
3.1 Oils
3.2 Syrups
3.3 Powders
3.4 Tablets and Capsules
3.5 Others
4. By Function:
4.1 Aroma
4.2 Medicinal
4.3 Others
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Herbalife
2. Glanbia PLC
3. Archer Daniels Midland Company
4. Ricola AG
5. Blackmores Limited
6. Nbty Inc.
7. Nutraceutical International Corporation
8. Bio-Botanica Inc.
9. Arizona Natural Products
10. Naturalife Asia Co. Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Herbal Supplements market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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