Herbal Nutraceuticals Market Foreseen to Grow exponentially $48,446.5 million over forecast period

The global herbal nutraceuticals market was valued at $28,329.7 million in 2019, and is projected to reach $48,446.5 million by 2027, registering a CAGR of 7.55% from 2021 to 2027.

Herbal nutraceuticals are obtained from natural sources with no added chemicals or toxins. These products are highly effective and safer and more tolerable than conventional products available in the market. It helps in maintaining health and acts against nutritionally induced acute and chronic diseases, which promotes optimal health, longevity, and quality of life. The herbal nutraceuticals market analysis is done on the basis of regions, key players and segments.

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The demand for herbal nutraceuticals is expected to increase during the forecast period,owing to rise in number of health conscious customers across the world, In addition, presently people are consuming herbal nutraceuticals to boost their immunity against thenovel coronavirus. Hence, such factors are expected to boost the market growth.

The global herbal nutraceuticals market analysis is segmentedon the basis of product type, nature, form, sales channel, and region. By product type, it is classified into ginger, garlic, turmeric, aloe vera, green tea and Others. By nature, it is divided into conventional and organic. By form, the market is segmented into capsules & tablets, powder, liquid, and others. Based on distribution channel, the market is segregated intopharmacy, online store, supermarket/hypermarket and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, Indonesia and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

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Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe accounted for the highest market share in 2019. This is attributed to rise in adoption of healthy lifestyle in the region, which leads to rise in demand for herbal nutraceuticals to enhance immunity as well as to provide their body a proper nutrition.

The key players operating in the global herbal nutraceuticals industry include Now foods, Herbochem, OREGON'S WILD HARVEST, Gaia Herbs Farm, Nature’s Bounty. Bio Botanica INC. Herb Pharma (Pharmaca),Solaray, Pure Encapsulations, LLC,and Solagar.

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Key Benefits For Stakeholders

The report provides a quantitative analysis of the current herbal nutraceuticals market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify the prevailing opportunities.
The key countries in four major regions have been mapped based on their market share.
Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis and the herbal nutraceuticals market size and segmentation assists in determining the prevailing herbal nutraceuticals market opportunity
Major countries in each region have been mapped according to their revenue contribution to the global industry.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.

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