WASHINGTON, Jan. 06, 2022 (GLOBE NEWSWIRE) -- The Global Herbal Supplements Market size is expected to reach over USD 124 billion by 2028, exhibiting a CAGR of 6.5% during the forecast period.
Market Synopsis
The rising use of herbal items by the young people is growing at a fast pace. The growing consumer knowledge about precautionary health care measures coupled with herbal medicines awareness is the key aspect in the growth of the market of herbal supplements and the technological advancements in the field of medical science will further boost the market growth, states Vantage Market Research, in a report, titled “Herbal Supplements Market Size by Source (Leaves, Barks, Fruits & Vegetables, Roots), by Application (Pharmaceuticals, Food & Beverage, Personal Care), by Function (Medicinal, Aroma), by Form (Powder, Syrups, Oils, and Capsules & Tablets) by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028).”
Click Here To Access The Free Sample Report @ https://www.vantagemarketresearch.com/herbal-supplements-market-1112/request-sample
(The Free Sample Of This Report Is Readily Available On Request).
Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 130+ Pages Research Report (Including latest research)
- Provide chapter-wise guidance on request 2020 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using VMR research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
List of Prominent Players in the Herbal Supplements Market:
| SR. NO. | COMPANIES | HEADQUARTERS |
| 1. | Archer Daniels Midland Company | U.S., North America |
| 2. | Herbalife International of America, Inc. | U.S., North America |
| 3. | Ricola | Switzerland, Europe |
| 4. | Nutraceutical International Corporation | U.S., North America |
| 5. | Glanbia plc | Ireland, Europe |
| 6. | NBTY, Inc. | U.S., North America |
| 7. | Arizona Natural Products | U.S., North America |
| 8. | Bio-Botanica Inc. | U.S., North America |
Market Dynamics:
Driver: Rising Consumer Awareness
Herbal supplements are used widely for properties such as, remedies and medicinal for various diseases from decades. People are inclining toward these herbal supplements owing to its health benefits across the globe. Herbal supplements are such substances which are non-pharmaceuticals and natural non-food and are used to enhance health. Herbal supplements come from plant materials and have no side effects or little. Herbal supplements demand is rising owing to their natural label, that attract the consumers, who wants to work on their health and are also health conscious. Furthermore, increased prices products such as medicinal and dietary will further drive the herbal supplements and remedies market growth globally.
Rapid surge in aging population, increase in health supplements consumption, focus on healthy living, and increase in shift toward precautionary healthcare fuels the market. Other factors, like, side effects associated with allopathic drugs and rise in demand for dietary supplements also drive the market growth.
Directly Purchase a copy of the report with TOC @ https://www.vantagemarketresearch.com/buy-now/herbal-supplements-market-1112/1
Important questions answered in this report:
- What is the estimated market size and growth rate of the Herbal Supplements Market?
- Which segments are included in the Herbal Supplements Market?
- Which top companies are active in the Herbal Supplements Market?
- What are the major driving factors for the growth of the Herbal Supplements Market?
- How can I get free sample reports or study of Herbal Supplements Market?
Restraint: Lack of Skilled Force
Strict regulatory policy for herbal supplements and small acceptance by the consumers limit the market growth of Herbal Supplements. The factors like, regulatory impact of the Herbal Supplements Market on the future growth and the high cost while buying raw materials are some factors hampering the market overall. Lack of experts and manufacturing equipment are some other barriers for the Market. Nevertheless, establishment of CGMP (current good manufacturing practice) regulations by the U.S. Food and Drug Administration (FDA) offers various opportunities to the companies to R&D dietary supplements.
Regional Trends
Asia-Pacific is anticipated to rise at the fastest CAGR in the coming years. Consumer reliance on the efficacy and safety of herbal products, presence of a large aged population base, and new product launches along with rising exports of herbal products further drives the market growth in Asia Pacific.
Recent Developments
- May, 2018: Genomatica and Bio-Botanica partner to build a new extract line. It will contain Genomatica’s elixir ingredient, Brontide, it is a butylene glycol which is derived from a renewable, sustainable sugar fermentation process and is manufactured using Bio-proprietary Botanica’s Bio-Chelation process to ensure the extracts contain as many naturally occurring materials as found in nature.
- August, 2018: Archer Daniels Midland Company announced the successful completion of its acquisition of Probiotics International Limited, also known as Protexin, a UK-based provider of innovative research-based, natural healthcare and probiotic supplements for human, pet, and production-animal usage.
- Jan, 2021: Herbalife launched a combination for converting meal replacement shakes into nutrient-dense baked pastries.
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/herbal-supplements-market-1112
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Herbal Supplements Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The report on Herbal Supplements Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
This market titled “Herbal Supplements Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2020 | USD 70 Billion |
| Projected Market Size in 2028 | USD 124 Billion |
| CAGR Growth Rate | CAGR of 6.5% from 2021 to 2028 |
| Base Year | 2020 |
| Historic Years | 2016 – 2019 |
| Forecast Years | 2021 – 2028 |
| Segments Covered | Source, Application, Function, Form, and Geography |
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Browse market data Tables and Figures spread through Pages and in-depth TOC on "Herbal Supplements Market by Source (Leaves, Barks, Fruits & Vegetables, Roots), by Application (Pharmaceuticals, Food & Beverage, Personal Care), by Function (Medicinal, Aroma), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Table of Content here - https://www.vantagemarketresearch.com/press-release/herbal-supplements-market-976394
Advantages of this Research:
- Evaluate market share for commercial Herbal Supplements market opportunities, track market size, competitive drug sales, synthesis insights for commercial development and licensing.
- Develop tactics and strategies to take advantage of opportunities in the Herbal Supplements market.
- Latest Trends and Market Events and analyze essential events in Herbal Supplements market.
- Develop an in-depth knowledge of competition and analyze sales data to update your brand planning trackers.
- Answer vital business questions; supports decision making in R&D to long term marketing strategies
- Develop economic models, forecast models, and healthcare frameworks.
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Browse More Related Report:
- Alcohol Ingredients Market:- https://www.vantagemarketresearch.com/industry-report/alcohol-ingredients-market-1071
- Energy Product Sales Market:- https://www.vantagemarketresearch.com/industry-report/energy-product-sales-market-0515
- Oil, Fat and Cereals Market:- https://www.vantagemarketresearch.com/industry-report/oil--fat-and-cereals-market-0758
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
