Herbal Supplement Market 2021-Global Healthcare Industry Analysis By COVID-19 Impact on Size, Share, Business, Growth, Trends, Regional and Forecast to 2027| Tsumura, Bio-Botanica Inc., Glanbia, Blackmores, Weleda

Global Herbal Supplement Market is valued at USD 6115.4 Million in 2020 and expected to reach USD 9134.8 Million by 2027 with a CAGR of 5.9% over the forecast period.

Scope of The Herbal Supplement Market Report:
Herbal supplements are functional products that are made from or extracted from plants, their oils, roots, stems, seeds, berries (fruits), and flowers and are used in treating certain diseases and therapeutic application. These are the type of dietary supplement that contain one or more herbs like ginseng roots, ginger, turmeric, ginkgo etc. The herbs used in supplements are loaded with nutrients like minerals, protein, antioxidants which are helpful for the consumers. Herbal supplements lower the risk of side effects of components in prescription drugs and have fewer side effects even if they are taken for longer period and they improve overall wellness. Herbal supplements help in boosting the immunity system without any side effects and they provide symptomatic relief. They treat the chronic conditions in the human body as it includes herbs like Shatavari which is known for infertility problems while fenugreek seeds and pepper are known for blood pressure problem and Lotus stem is known for cardiovascular diseases. Archaeological evidence describes that the use of medicinal plants dates to approximately 60,000 years ago. Ancient’s Egyptian and Chinese papyrus writings mentioned the medicinal uses for herbs. In Egypt, the Ebers papyrus dates from 1550 BC, and covers more than 700 compounds mainly of plant origin. In early 19th century scientists began to extract active components from plants.

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The COVID-19 pandemic has shown a mixed impact on the growth of global herbal supplement market. During pandemic, the demand for these supplements has increased due to its advantages such as; to develop resistance power and boosting the immunity of body and others. However, the hurdles in production due to the pandemic have disturbed the supply chain and created a gap between demand and supply.

The herbal supplements market report is divided into forms or types, source, function, form, application and region & countries. Based on forms, the herbal supplement market is divided into liquid extracts, teas, tablets and capsules, bath salts, oils, ointments. Based on sources, the market is divided into leaves, barks, fruits and vegetables, roots. Based on their functions, market is segmented into medicinal and aroma. Also based on applications, the global herbal supplement market is divided into pharmaceuticals, food and beverages and personal care.

Global Herbal Supplement Market Segmentation:

By Form or Type:

Oil liquid extracts
Teas
Tablets
Capsules
Bath salts
Oils
Ointments
By Sources:

Leaves
Fruits
Roots
Vegetables
Barks
By Function:

Medicinal
Aroma
By Application:

Pharmaceuticals
Food and beverages
Personal care
The regions covered in this herbal supplement market report are North America, Europe, Asia-Pacific, and Rest of the World. On the basis of country level, the market of herbal supplement market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Key Players for Global Herbal Supplement Market Report:

Some major key players for global herbal supplement market report cover prominent players like Tsumura, Bio-Botanica Inc., Herbalife International of America Inc., Glanbia, Blackmores, Weleda, Ricola, Dabur, Herbal Africa, NBTY, DSM, Nutraceutical, Schwabe, Blackmores, SIDO MUNCUL, Ricola, Pharma Nord, Nature’s Answer, TASLY, Taiji, Kunming Pharma, IZJT, Guangzhou Pharma, The Nature’s Bounty Co., herbochem, Nutrova, Third Coast Herb Co., Healthy Origins USA, Swanson Health Products and others.

News: Kunnath Pharmaceuticals Launched Antiviral Herbal Product across India

On November 5th, 2020; New Delhi, herbal product industry Kunnath Pharmaceuticals launched “Antiviral Immunity Booster Capsules” under the brand name “Viromune”. Viromune is an herbal formulation which contains 17 herbs. This product has immunity boosting Properties, antiviral properties and also it contains all essential vitamins and minerals. The Kunnath pharmaceutical’s MD K. C. Abraham said that the company is spending over RS 100 crore in R and D and on New Product Development.

Increasing Cases of Vitamin Deficiencies and Shifting Consumer’s’ Preferences for Herbal Supplement are Some of the Major Factors Driving the Market Growth

Increasing number of cases of vitamin deficiencies is one of the major factors driving the growth of herbal supplement Market. For instance; according to World Health Organization (WHO) and European Journal of Clinical Nutrition2019 report an estimated 250,000 to 500,000 vitamin A deficient children become blind every year. Also, about 40% of Europeans are vitamin D deficient and 13% severely deficient. So, the deficiency of vitamins can cause severe health problems like vitamin A deficiency cause blindness, vitamin D deficiency can cause chronic diseases related to kidney, heart etc. To reduce the risks of severe diseases and deficiency and to avoid increasing health problems, thus concern about herbal supplements among people is increasing significantly.

In addition, shift in preference of consumers towards herbal supplements is another major factor fostering the market growth. For instance; according to Multidisciplinary Digital Publishing Institute (MDPI) 2020, the use of herbal and dietary supplements is steadily increasing all over the world. Approximately 50-75% of populace has taken the supplements routinely and half of them taking supplements regularly. Recently, due to the different emerging diseases the preference of the people is shifting towards herbal supplements which boost the immunity like vitamin C, garlic, ginger, turmeric etc.

Key Benefits for Global Herbal Supplement Report:

Global Herbal Supplement Market report covers in-depth historical and forecast analysis.
Global Herbal Supplement Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global Herbal Supplement report helps to identify opportunities in marketplace.
Global Herbal Supplement Market report covers extensive analysis of emerging trends and competitive landscape.

Table of Content

Chapter 1 Global Herbal Supplement Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Herbal Supplement Market Revenue Overview
1.3 Global Herbal Supplement Market Revenue (USD Billion) and Growth (%) Rate, 2021- 2027

Chapter 2 Global Herbal Supplement Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.2.1 Increasing need to improve the process in order to comply with new standards is anticipated to witness a high growth of Herbal Supplement Market
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Global Herbal Supplement Market: SWOT Analysis
2.7 Global Herbal Supplement Market: PEST Analysis
2.8 Global Herbal Supplement Market: Attractiveness Analysis
2.8.1 Global Herbal Supplement Market: Attractiveness Analysis by Type
2.8.2 Global Herbal Supplement Market: Attractiveness Analysis by Grade
2.8.3 Global Herbal Supplement Market: Attractiveness Analysis by Regional

Chapter 3 Competitive Analysis
3.1 Global Herbal Supplement Market
3.1.1 Global Herbal Supplement market Revenue (USD Billion), By Players 2021
3.1.2 Global Herbal Supplement Market Revenue Share (%), By Players 2021

Chapter 5 Global Herbal Supplement Market: By Types
5.1 Global Herbal Supplement Market Share (%), By Types, 2021
5.2 Global Herbal Supplement Market Revenue (USD Billion), By Types, 2021 – 2027
5.3 Global Herbal Supplement Market Revenue (USD Billion), Based,2021-2027
5.4 Global Herbal Supplement Market Revenue (USD Billion), Based,2021-2027
5.5 Global Herbal Supplement Market Revenue Share (%), By Types, 2021 – 2027
5.6 Global Herbal Supplement Market Revenue Market Share (%), By Types, 2021-2027

Chapter 6 Global Herbal Supplement Market: By Application

Continued...

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