Press release
Herbal Nutraceuticals Market Growth Will Be Extreme in the Next 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 rising consumer awareness about the health benefits of herbal dietary supplements. There is a growing demand for herbal alternatives to pharmaceutical drugs due to the perceived risks of side effects. Furthermore, easy accessibility through large retailers as well as e-commerce platforms is also boosting the adoption of herbal nutraceuticals among customers. Key players are focused on research and development activities to expand their herbal product portfolios and strengthen market presence.
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Consumer awareness towards preventive healthcare is driving the growth of herbal nutraceuticals market
The growing awareness among consumers regarding the importance of preventive healthcare is one of the primary drivers for the herbal nutraceuticals market. People are now more focused on staying healthy and fit rather than just relying on cure-based healthcare. They want to avoid potential health issues and diseases by consuming products that offer nutritional support. Herbal supplements are viewed as a natural and healthier option to maintain overall well-being. Various studies have proven the medicinal properties and health benefits of herbs and plants when consumed regularly. This is increasing the credibility and demand for herbal nutraceutical products. Manufacturers are launching innovative formulations based on ancient Ayurvedic practices and herbal remedies to address modern lifestyle diseases and issues like diabetes, bone health, immunity, cognitive functions etc.
Growing demand for personalized nutrition opens new opportunities
The rising preference for customized wellness solutions tailored to an individual's health condition, genetics, lifestyle and dietary preferences is opening new growth avenues. Consumers want products that deliver outcomes specific to their changing needs. There is increasing scope for herbal nutraceutical brands to develop personalized offerings through an in-depth understanding of consumer health data and biomarkers. Advanced formulations focused on specific wellness goals like digestive health, metabolism, brain functions, hormonal balance etc. can be created. Manufacturers leveraging technologies like data analytics, DNA testing and artificial intelligence can precisely match ingredients, dosages and doses to individual requirements. This personalized nutrition approach will help strengthen customer loyalty and experience. It can potentially address the affordability challenge as well by recommending more targeted, cost-effective solutions. The opportunity lies in building science-backed and digitally-driven personalized wellness ecosystem.
Shift towards branded and proprietary products will reshape the industry
A major trend gaining momentum in the herbal nutraceuticals market is the increasing shift towards branded and proprietary products. Earlier most demand came from loose botanical powders sold as traditional remedies through general/ayurvedic stores. But now consumers prefer packaged, research-backed brands that assure safety, potency and consistency. Companies are investing heavily in R&D and clinical trials to develop exclusive IP-protected formulations with demonstrated health outcomes. They focus on building recognizable brand identities through sophisticated marketing, education, and doctor associations. Purchasing is switching to large chemist chains, modern retail outlets and e-commerce channels. This brand-led transition will significantly expand the organized sector while pushing unorganized players to enhance quality standards and compliance. Only those developing differentiating branded offerings will be able to leverage this industry transformation.
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Top Companies Included 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 are 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)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Herbal Nutraceuticals Market by Players
Chapter 4: Market Size of the Herbal Nutraceuticals Market 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: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Herbal Nutraceuticals Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Herbal Nutraceuticals industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
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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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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