Press release
Herbal Supplements Market to reach USD 141.75 Bn by 2029, emerging at a CAGR of 7.21 percent and forecast 2023-2029
Herbal Supplements Market
The Herbal Supplements Market was valued at a significant US$ 87.07 billion in 2022. The Capsules and Tablets segment, which we have thoroughly examined in our report, dominated this market.
The report delves into the world of herbal dietary supplements, also known as botanicals, exploring their applications and therapeutic potential. These supplements, derived from plant sources, are a crucial component of the health and wellness industry. Available in various forms such as tablets, capsules, powders, and liquids, herbal supplements have found their place as natural remedies for various health conditions.
The report's insights are based on extensive research conducted by Maximize Market Research Pvt Ltd. It provides a comprehensive analysis of the market, considering historical data from 2018 to 2022 and forecasts up to 2029.
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Herbal Supplements Market Dynamics:
The report highlights several key factors driving the Herbal Supplements Market. A sedentary lifestyle, increased health disorders, and a growing awareness of health and wellness are prompting consumers to seek safer and more economical alternatives. Herbal supplements offer a natural and cost-effective solution, gaining trust and acceptance globally.
While herbal supplements are often marketed as natural, caution is advised, as they may have side effects. The report emphasizes the importance of consulting herbalists or doctors before using these products. Strict regulatory policies and other factors can negatively impact the market.
Herbal Supplements Market Regional Insights:
Asia Pacific: This region dominated the market in 2022, with a 40% share. Traditional medicine's acceptance, a large elderly population, and increased exports of herbal products from countries like China and India are driving growth. The concept of personalized nutrition is also gaining traction.
North America: Expected to grow at a CAGR of 5.7% through the forecast period, this region sees demand driven by lifestyle-related diseases, an aging population, busy lifestyles, and a positive attitude towards preventative health measures.
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Herbal Supplements Market Segmentation:
by Form
Powder
Syrups
Oils
Capsules & Tablets
by Function
Aroma
Medicinal
by Consumer
Pregnant women
Adult
Pediatric
Geriatric
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Herbal Supplements Market Key Players:
1. Archer Daniels Midland Company
2. Glanbia PLC
3. Herbalife International of America, Inc.
4. Blackmores Limited
5. Nutraceutical International Corporation
6. Nbty, Inc.
7. Arizona Natural Products
8. Ricola AG
9. Naturalife Asia Co., Ltd.
10.Bio-Botanica Inc.
11.Jarrow Formulas, Inc.
12.Herbochem
13.Nutrova
14.Third Coast Herb Co.
15.Healthy Origins USA
16.NOW Health Group, Inc.
17.Swanson Health
Get to Know More About This Market Study:https://www.maximizemarketresearch.com/market-report/global-herbal-supplements-market/20657/
Table of content for the Herbal Supplements Market includes:
1. Global Herbal Supplements Market: Research Methodology
2. Global Herbal Supplements Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Herbal Supplements Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 444 West Lake Street, Floor 17,
Chicago, IL, 60606, USA.
✆ +1 800 507 4489
✆ +91 9607365656
🖂 mailto:sales@maximizemarketresearch.com
🌐 https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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