Press release
Herbal Nutraceuticals Market is Expected to Soar in the Upcoming Years 2024 - 2031 | Bio Botanica, Inc, Gaia Herbs Farm
Herbal Nutraceuticals Market
The global herbal nutraceuticals market size was valued at US$ 33.75 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030.
Market Dynamics:
The herbal nutraceuticals market is expected to witness significant growth over the forecast period owing to increasing number of health conscious consumers and growing inclination towards plant-based products. Nutraceuticals offer potential health benefits and serve as a preventive healthcare approach for various chronic diseases. In addition, rising consumer awareness regarding herbal medicines and their therapeutic properties is also boosting the market growth. Higher disposable income has enabled consumers to spend more on expensive herbal dietary supplements. Moreover, changing lifestyles and increasing stress levels have propelled demand for herbal supplements to maintain overall well-being.
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Market Driver 1: Growing Demand for Natural Ingredients in Food and Supplements
The herbal nutraceuticals market has seen significant growth in recent years due to the growing demand for products containing natural and herbal ingredients. Consumers have become increasingly health-conscious and are looking to switch to more natural dietary options. Herbal supplements are perceived as safer and more effective alternatives to synthetic medicines for maintaining general well-being and preventing diseases. Manufacturers are responding to this trend by developing nutraceutical products containing various herbs, plants, spices, probiotics, prebiotics, and other natural additives that offer specific health benefits. The clean label movement has also boosted the sales of herbal nutraceuticals as companies emphasize the natural elements in their marketing campaigns.
Market Opportunity: Personalized Nutrition
With the rise of precision medicine and increasing consumer awareness about personalized health management, there is a growing market opportunity for herbal nutraceuticals developed based on an individual's specific genetic makeup, lifestyle, and clinical needs. Technologies enabling genetic profiling and microbiome analysis are allowing the development of customized herbal supplements targeted towards an individual's nutritional deficiencies, disease risks, and optimal wellness goals. This emerging trend of personalized nutrition presents a major growth avenue for manufacturers to develop herbal formulations tailored to deliver precise outcomes for different customer segments. Partnerships with diagnostic labs and health platforms can help nutraceutical producers to better understand individual health patterns and formulate appropriate herbal regimens.
Market Trend: Incorporation of Probiotics and Prebiotics
There is a strong trend in the herbal nutraceuticals industry to enhance formulations with probiotic and prebiotic ingredients that boost digestive and immune health. Probiotics containing beneficial gut bacteria whereas prebiotics act as fuel for probiotics. Many herbal supplements now contain strains of Lactobacillus, Bifidobacterium, with fibers like inulin, fructooligosaccharides (FOS) that promote the growth of healthy microbes. Manufacturers are recognizing the synergistic health benefits of pairing gut-friendly probiotics and prebiotics along with therapeutic herbs. This trend allows positioning products as advanced solutions that provide multiple health advantages through their combined components. Research is also ongoing to study herb and microbe combinations that can deliver optimized outcomes for conditions ranging from gut issues to skin disorders.
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Top Companies Featured in This Report:
★ Bio Botanica
★ Inc
★ Gaia Herbs Farm
★ Herbochem
★ Nature's Bounty
★ NUTRAMARKS
★ INC.
★ Now foods
★ OREGON'S WILD HARVEST
★ Pharmaca
★ Pure Encapsulations LLC
★ Sydler India Pvt
Market Segmentation:
By Product Type:
★ By Product Type: Ginger, Garlic, Turmeric, Aloe vera, Green Tea, Others
★ By Nature: Conventional, Organic
★ By Form: Liquid, Powder, Capsules & Tablets, Others
★ By Sales Channels: Supermarket/Hypermarket, Pharmacy, Online stores, Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Herbal Nutraceuticals Market Competition Landscape by Players
Chapter 4: Assessment of Herbal Nutraceuticals Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Herbal Nutraceuticals sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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