Global Herbal Supplements Market Poised for Steady Growth in the Future, 2016 - 2022

Global Herbal Supplements market is accounted for $49.1 billion in 2016 and is expected to reach $86.7 billion by 2022 growing at a CAGR of 9.9% from 2016 to 2022. Various health benefits of herbal supplements, increasing use of functional foods and consumer awareness for preventive healthcare measures will drive the market growth. However, stringent regulations and high raw material cost will hamper market growth. Demand for dietary supplements among women and acquisition of small nutraceutical companies by pharmaceutical manufacturers will provide ample opportunity to grow. Few major trends would be increased demand for multi component botanical formulations, and major companies are performing extensive research to produce phytomedicines and herbal supplements in dentistry.

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Pharmaceutical industry is the fastest growing segment in Herbal Supplements application market due to the consumer’s reliability in the quality and effectiveness of herbal supplements. Retail store segment dominated the distribution channel market segment owing to rise in disposable income and favorable investment for infrastructure. Multi Herbs in product segment is the fastest growing market because of the need for multifunctional medications. Soy and specialty herbs are expected to grow lucratively. North America and Europe accounted for the largest market share with significant growth because of consumer awareness and product availability. In countries such as France, Germany and UK herbal supplements are sold in drugstores. Asia Pacific is witnessed to be the fastest growing market owing to huge consumer base particularly women.

Some of the key players in global Herbal Supplements market are Archer Daniels Midland Company, Arizona Natural Products, Bio-Botanica Inc., Blackmores Ltd, Gaia Herbs, Glanbia PLC, Herb Pharm, Herbalife International of America, Inc., Naturalife Asia Co., Ltd., Nature’s Bounty, Dr. Willmar Schwabe GmbH & Co. KG, Nutraceutical International Corporation, Rainbow Light Nutritional Systems, Ricola AG, The Himalaya Drug Company, Twinlab Corporation and DSM Nutritional Products Ltd.

Functions Covered:
Aroma
Medicinal
Other Functions

Forms Covered:
Capsules & Tablets
Oils
Powder
Syrups
Other Forms

Applications Covered:
Food & Beverages
Personal Care
Pharmaceuticals
Other Applications

Sources Covered:
Barks
Fruits & Vegetables
Leaves
Roots
Other Sources

Distribution Channels Covered:
Retail Store
Drugstores
Grocery Stores
Hypermarkets
Supermarkets
Natural, and Health Food Stores
Online

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Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt

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