Global Herbal Supplements Market Outlook, Opportunities And Strategies – Includes Herbal Supplements Market Size
Learn about the global herbal supplements market through The Business Research Company, which provides information on herbal supplements market size, herbal supplements market drivers and restraints, herbal supplements market players, the COVID-19 impact on the herbal supplements market, and more.
The global herbal supplements market size is expected to grow from $9.42 billion in 2021 to $10.10 billion in 2022 at a compound annual growth rate (CAGR) of 7.27%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global herbal supplement market size is expected to reach $13.32 billion in 2026 at a CAGR of 7.16%.
The increasing number of health-conscious consumers is significantly driving the growth of the herbal supplements market.
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The herbal supplements market consists of sales of herbal supplements by entities (organizations, sole traders, and partnerships) that refer to supplements derived from plants that are used for improving health conditions. Herbal supplements that are generally extracted from natural raw materials such as moringa, echinacea, cohosh, turmeric, ginger, flaxseeds, and other herbs are sold in the form of capsules, tablets, powder, or liquid having certain medicinal properties.
Global Herbal Supplements Market Segments Include:
By Form: Tablets, Capsules, Liquid, Powder and Granules, Soft Gels
By Source: Leaves, Fruits, Roots, Vegetables, Barks
By Application: Food and Beverages, Pharmaceuticals, Personal Care
By Distribution: Store Based, Non-Store Based
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America will be the largest region in the herbal supplement market.
Companies in the herbal supplements market are increasing their investment in research and development. This trend is positively impacting the market.
Major Market Players: Ancient Greenfields PVT LTD, Archer Daniels Midland Company, Arizona Natural Products, Bio-Botanica Inc., Blackmores, Herbalife International of America, Inc., Ricola, Solgar, Inc., Jarrow Formulas, Inc., Glanbia PLC, Gaia Herbs, NBTY, Inc., Nature’s Bounty, NaturaLife Asia Co., Ltd., Nutraceutical International Corporation, herbochem, Swanson Health Products, Third Coast Herb Co., Now Health Group, Herbal Africa, Sunfood Nutraceuticals, Wonder Labs, Wellness Origin Indy, ABCO Laboratories, Inc., Dabur, Weleda, Schwabe, Kunming Pharma, Taiji, DSM, and Rainbow Light Nutritional Systems.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Herbal Supplements Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides herbal supplements market overviews, analyzes and forecasts market size, share, herbal supplements market players, herbal supplements market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s herbal supplements market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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