Press release
Herbal Nutraceuticals Market Forecast, Size, and Share Analysis 2024 - 2031 | Bio Botanica, Inc, Gaia Herbs Farm
Market Overview: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 a significant growth over the forecast period owing to increasing consumer awareness towards preventive healthcare and rising preference for herbal and natural remedies. The demand for herbal nutraceuticals is increasing as they possess antioxidant and anti-inflammatory properties that help manage lifestyle diseases such as diabetes, cardiovascular disorders, cancer etc. Furthermore, growing geriatric population that is more prone to chronic diseases also supports the market growth. Changing lifestyles and rising health consciousness have prompted consumers to opt for preventive healthcare approach through balanced diet and herbal supplements.
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Herbal Nutraceuticals Market Drivers
Growing health consciousness among consumers is driving the herbal nutraceuticals market
People have become increasingly health conscious and are focusing more on preventive healthcare. There is a growing preference for herbal or plant-based products that are believed to have fewer side effects than synthetic medicines. This has increased the demand for herbal nutraceuticals which are believed to offer various health benefits. The shift towards healthier lifestyles and preventive healthcare approach is a major driver for this market.
Herbal Nutraceuticals Market Opportunity
Advent of digital marketing expands market reach
The rapid growth of digital and e-commerce has opened new opportunities for herbal nutraceuticals companies. Manufacturers can expand their customer base worldwide by undertaking targeted online marketing campaigns. Social media marketing helps raise awareness about herbal supplements. Online product videos, blogs and influencer marketing help customers make informed choices. The e-commerce boom allows convenient purchase and delivery of products. This emerging digital landscape presents a major opportunity to scale up the reach and sales of herbal nutraceuticals globally.
Herbal Nutraceuticals Market Trend
Shift towards customized herbal supplements
With growing health awareness, consumers demand herbal supplements tailored to their specific needs and medical conditions. This has fuelled a trend where companies are developing customized nutraceutical formulations using targeted herbal extracts. Supplements are being customized based on gender, age, lifestyle, fitness goals or medical conditions like diabetes, arthritis etc. Manufacturers are also offering personalized consulting and supplement regimes. This shift towards customized herbal solutions presents a major market trend. It allows addressing diverse consumer needs more effectively and also commands premium pricing.
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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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