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Herbal Supplements Market Size, Global Trends, Latest Techniques, Key Segments and Geography Forecasts Till 2028

Herbal Supplements Market

Herbal Supplements Market

Growing Awareness Regarding Health and Wellness Boost Demand for Herbal Supplements.

According to our latest market study, titled "Herbal Supplements Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Form and Distribution Channel," the market is expected to grow from US$ 72 billion in 2022 to US$ 120 billion in 2028, with an estimated CAGR of 8.7% from 2022 to 2028.
In recent years, the prevalence of certain diseases, including diabetes, heart diseases, and obesity, increased significantly due to lifestyle changes, unhealthy eating habits, and lack of physical activity. For instance, according to the Centres for Disease Control and Prevention, the prevalence of obesity in the US was 41.9% from 2017 to 2020. Thus, the health concerns of consumers have increased significantly due to the increasing prevalence of these lifestyle diseases. This has led to a high preference for health and wellness products, including herbal supplements. Moreover, herbal supplements are becoming more popular among consumers as they are natural and provide a wide range of health benefits. These factors are driving the growth of the herbal supplements market.

Get a Sample Copy of Herbal Supplements at
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Impact of COVID-19 Pandemic on Herbal Supplements Market

The COVID-19 pandemic has had a mixed impact on the overall herbal supplements market. The imposition of lockdown temporarily discontinued various manufacturing activities, resulting in a decrease in supply, which substantially impacted the herbal supplements market. In addition, the transportation of raw materials experienced many difficulties due to travel restrictions, which adversely impacted the global economy.

Consumers are becoming highly concerned about their health and fitness as a response to the impacts of the COVID-19 pandemic, which has dramatically increased the demand for immunity-boosting health supplements. Consumers are also focusing on all-natural and herbal products as they perceive them to be more effective and healthier than conventional pharmaceutical drugs, which has created a huge demand for herbal supplements.

Buy Complete Report at Herbal Supplements Market

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Report:
The reports cover key developments in organic and inorganic growth strategies in the herbal supplements market. Various companies are focusing on organic growth strategies such as product launches, product approvals, patents, and events. Inorganic growth strategy activities witnessed in the market were acquisitions, partnerships, and collaborations. These activities have paved the way for business expansion and the customer base of market players. Market players are anticipated to have lucrative growth opportunities in the coming years due to the rising demand for herbal supplements.

The List of Companies - Herbal Supplements Market
 Nature's Bounty
 Horbäach
 Natural Balance
 NOW Foods
 Gaia Herbs Farm
 Pharmavite LLC
 Excel Nutritionals LLC
 BIOSCHWARTZ LLC
 Swanson
 Carlyle Nutritionals, LLC

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defence, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

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