Press release
Comprehensive Herbal Supplements Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Herbal Supplements
How Large Will the Herbal Supplements Market Size By 2025?
The size of the herbal supplements market has seen robust growth in the past few years. Predictions show an increase from $49.71 billion in 2024 to $53.8 billion in 2025, with a compound annual growth rate (CAGR) of 8.2%. The past growth can be attributed to several factors such as heightened consumer consciousness, a shift towards preventive healthcare, an incline in lifestyle-related health complications, and government interventions and policies.
How Big Is the Herbal Supplements Market Size Expected to Grow by 2029?
We anticipate a robust expansion in the herbal supplements market in the upcoming years, with a predicted value of $71.41 billion by 2029, growing at a CAGR of 7.3%. Factors contributing to the growth within this timeframe include sustained public awareness campaigns, an increasing elderly population, the worldwide health and wellness trend, personalization and customization, advancements in the market, and a variety of product offerings. Key trends expected to shape the market include environmentally conscious packaging methods, cultural and conventional influences, collaborations and partnerships, and a growing demand for personalized nutrition.
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Which Key Market Drivers Powering Herbal Supplements Market Expansion and Growth?
The surge in the count of consumers becoming more mindful of their health is noticeably propelling the expansion of the herbal supplements market. Herbal supplements, known for their numerous health advantages and absence of chemicals, are used both as dietary complements and treatments for common health issues. A food and health survey conducted by the International Food Information Council (IFIC) in 2022 revealed that a considerable number of Americans, 52%, practiced a diet or eating routine increase compared to the preceding years, escalating from 39% in 2021. As a result, this upward trend in health-conscious individuals is anticipated to thrust the growth of the herbal supplements market in the upcoming years.
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Which Fast-Growing Trends Are Poised to Disrupt the Herbal Supplements Market?
Firms within the herbal supplements sector are amplifying their research and development efforts, which is having a positive effect on the market. For instance, in February 2022, Amway, an American corporation specializing in health, beauty, and household goods, engaged in a collaboration with the Indian Institute of Technology (IIT) Bombay, to accelerate its explorations in botanicals, nutraceuticals, and herbal supplements. This alliance will bring together Amway's own team of researchers and IIT Bombay to jointly contribute to innovation in various fields and enhance the nutritional and herbal portfolio of Amway's products and ingredients.
What Are the Emerging Segments in the Herbal Supplements Market?
The herbal supplements market covered in this report is segmented -
1) By Form: Tablets, Capsules, Liquid, Powder And Granules, Soft Gels
2) By Sources: Leaves, Fruits, Roots, Vegetables, Barks
3) By Application: Food And Beverages, Pharmaceuticals, Personal Care
4) By Distribution: Store Based, Non-Store Based
Subsegments:
1) By Tablets: Compressed Herbal Tablets, Coated Herbal Tablets
2) By Capsules: Hard-Shell Capsules, Soft-Shell Capsules
3) By Liquid: Herbal Extracts, Herbal Tinctures
4) By Powder And Granules: Herbal Powders, Granulated Herbal Supplements
5) By Soft Gels: Herbal Soft Gel Capsules, Gelatin-Based Herbal Soft Gels
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Who Are the Global Leaders in the Herbal Supplements Market?
Major companies operating in the herbal supplements market include Archer Daniels Midland Company, Glanbia plc, Herbalife Nutrition International of America Inc., NBTY Inc., Dabur India Ltd., Blackmores Limited, Swanson Health Products, Weleda AG, Now Health Group, Nutraceutical International Corporation, Ricola AG, DSM Nutritional Products Ltd., Dr. Willmar Schwabe GmbH & Co. KG, Jarrow Formulas Inc., Taiji Group, Gaia Herbs, Arizona Natural Products LLC, Bio-Botanica Inc., Sunfood Nutraceuticals, Solgar Inc., ABCO Laboratories Inc., Nature's Bounty Co., Wonder Laboratories, Ancient Greenfields Pvt. Ltd., NaturaLife Asia Co. Ltd., Herbochem Sdn. Bhd., Third Coast Herb Co., Wellness Origin Indy, Kunming Pharmaceutical Corporation, Herbal Africa, Rainbow Light Nutritional Systems Inc., MegaFood, Barlean's Organic Oils LLC, NutriGold Inc., Premier Health Products Ltd., Z Natural Foods
Which are the Top Profitable Regional Markets for the Herbal Supplements Industry?
North America will be the largest region in the herbal supplement market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the herbal supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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