Global Herbal Supplements Market: Global Size, Trends, Competitive, Historical & Forecast Analysis: Increasing cases of vitamin deficiencies and shifting consumer preferences for herbal Supplements are the significant factors that are driving the growth of the Global Herbal Supplements Market.
Global Herbal Supplements Market is valued at USD 6115.4 Million in 2020 and is expected to reach USD 9134.8 Million by 2027 with a CAGR of 5.9% over the forecast period.
Increasing adoption of herbal products by an aging population and increasing prevalence of lifestyle-related diseases are some major impacting factors driving the growth of the global herbal supplements market.
Herbal Supplements are dietary Supplements are obtained from plants or herbs. Herbal Supplements sometimes called botanicals which are a type of dietary Supplements containing one or more herbs. Also it is used to improve lack of deficiencies diseases. It includes drugs that are derived from plants. Herbal Supplements have applications in the pharmaceutical, food & beverages, and cosmetic industries.
Herbal Supplements are used to improve well-being or health. It is available as teas, extracts, powders, capsules, tablets and others. These products are natural and have the ability to cure almost all the types of diseases. Nutraceuticals products are one of the types of Supplements that have many health benefits and used to improve health, increase life expectancy, delay the aging process, prevent chronic diseases and support function of the body.
Nutraceuticals product includes yoghurts and fortified breakfast cereals, vitamins, herbal remedies and even genetically modified foods and Supplements like Green Tea, Omega-3 fatty acids, etc. phytochemicals, functional foods and nutritional Supplements which provides nutritional value as similar to conventional food. Common Application Of Herbal Supplements are in pharmaceuticals, food & beverages and personal care.
Herbal Supplements market report is segmented on the basis of source, function, form, application and by regional & country level. Based upon source, herbal Supplements market is classified into leaves, barks, fruits & vegetables and roots. Based upon function, herbal Supplements market is classified into medicinal and aroma. Based upon form, herbal Supplements market is classified into capsules & tablets, powder, syrups, oils and others. Based upon application, herbal Supplements market is classified into pharmaceuticals, food & beverages and personal care.
According to Market Study, Herbal Supplements are functional products that are made from or extracted from plants, their oils, roots, stems, seeds, berries (fruits), and flowers and are used in treating certain diseases and therapeutic applications. These are the type of dietary supplements that contain one or more herbs like ginseng roots, ginger, turmeric, ginkgo etc. The herbs used in Supplements are loaded with nutrients like minerals, protein, antioxidants which are helpful for the consumers. Herbal Supplements lower the risk of side effects of components in prescription drugs and have fewer side effects even if they are taken for a longer period and they improve overall wellness.
Herbal Supplements help in boosting the immunity system without any side effects and they provide symptomatic relief. They treat chronic conditions in the human body as it includes herbs like Shatavari which is known for infertility problems while fenugreek seeds and pepper are known for blood pressure problem and Lotus stem is known for cardiovascular diseases. Archaeological evidence describes that the use of medicinal plants dates to approximately 60,000 years ago. Ancient Egyptian and Chinese papyrus writings mentioned the medicinal uses for herbs.
In Egypt, the Ebers papyrus dates from 1550 BC, and covers more than 700 compounds mainly of plant origin. In early 19th century scientists began to extract active components from plants.
The COVID-19 pandemic has shown a mixed impact on the growth of the global herbal supplement industry. During a pandemic, the demand for these Supplements has increased due to its advantages such as; to develop resistance power and boosting the immunity of body and others. However, the hurdles in production due to the pandemic have disturbed the supply chain and created a gap between demand and supply.
The herbal Supplements market report is divided into forms or types, source, function, form, application and region & countries. Based on forms, the herbal Supplements market is divided into liquid extracts, teas, tablets and capsules, bath salts, oils, ointments. Based on sources, the market is divided into leaves, barks, fruits and vegetables, roots. Based on their functions, the market is segmented into medicinal and aroma. Also based on applications, the global herbal supplements market is divided into pharmaceuticals, food and beverages and personal care.
Herbal Supplements market report covers prominent players are
Increasing adoption of herbal products by an aging population and increasing prevalence of lifestyle-related diseases are some major impacting factor driving the growth of the global herbal supplements market. Further, the lack of vitamin deficiencies diseases in children will boost the market growth in the forecast period. According to the World Health Organization (WHO), an estimated 250 000 to 500 000 vitamin A-deficient children become blind every year. According to NCBI, around 19 million pregnant women are affected by deficiency of vitamin A.
However, stringent regulations by government bodies at the production level and approval of the product, and lack of awareness regarding dosage consumption will hamper the development of the Herbal Supplements market. However, advance development in healthcare sectors, growing concerns related to nutritional deficiency and the increasing investment in research is expected to boost the opportunity for the growth of herbal Supplements market in forecast period.
Increasing number of cases of vitamin deficiencies is one of the major factors driving the growth of herbal Supplements Market. For instance; according to World Health Organization (WHO) and European Journal of Clinical Nutrition2019 report an estimated 250,000 to 500,000 vitamin A deficient children become blind every year. Also, about 40% of Europeans are vitamin D deficient and 13% severely deficient.
So, the deficiency of vitamins can cause severe health problems like vitamin A deficiency cause blindness, vitamin D deficiency can cause chronic diseases related to kidney, heart etc. To reduce the risks of severe diseases and deficiency and to avoid increasing health problems, thus concern about herbal Supplements among people is increasing significantly.
In addition, shift in preference of consumers towards herbal Supplements is another major factor fostering the market growth. For instance; according to Multidisciplinary Digital Publishing Institute (MDPI) 2020, the use of herbal and dietary Supplements is steadily increasing all over the world. Approximately 50-75% of populace has taken the Supplements routinely and half of them taking Supplements regularly. Recently, due to the different emerging diseases the preference of the people is shifting towards herbal Supplements which boost the immunity like vitamin C, garlic, ginger, turmeric etc.
However, the strict government regulations regarding the production and approval of the Herbal Supplements and lack of awareness about consumption may limit the market growth. In spite of that, the increasing number of product offerings, growing concern towards the health due to corona pandemic and increasing investment in research may provide more opportunities for the further growth of the global herbal supplements industry.
North America is dominating the Herbal Supplements market with the highest share in the forecast period due to rising awareness among the people about herbal Supplements for healthcare. Moreover, consumption of nutraceutical products to improve health, rising lifestyle-related diseases like Osteoporosis, established healthcare infrastructure and technological advancements and increasing R&D by major players in this region. These are some of the activities expected to accelerate market growth. As per U.S. National Library of Medicine, In the US, the term “nutraceutical” products are regulated as drugs, food ingredients and dietary Supplements and nutraceuticals have received high interest due to potential nutritional and safety profiles other than therapeutic capability.
According to International Osteoporosis Foundation, The 44 million people with either osteoporosis or low bone mass represent 55 % of the people aged 50 and older in the United States and Osteoporosis affects approximately 1.4 million Canadians, mainly postmenopausal women and the elderly in Canada.
The Asia Pacific is expected to emerge as the fastest-growing regional herbal Supplements market over the forecast period owing to the increase in healthcare expenditure, rising awareness about Dietary Supplements, increasing geriatric population with chronic diseases and availability of effective herbal treatment in emerging countries, such as China and India. The Asia Pacific has leading innovation in ayurvedic treatments by developing and providing transformational treatments that extend and enhance lives. As per NCBI, China has about 95% of the Department of Traditional Medicine in their government hospitals. According to Organisation for Economic Co-operation and Development(OECD), In high-income Asia-Pacific countries, the share of the population aged over 65 years is expected to double to reach and on average 27.6% in 2050, whereas the share of the population aged over 80 years is expected to triple between 2015-2050 to reach 10.2%.
Middle East and Africa
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 6115.4 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 9134.8 Million|
|Tables, Charts & Figures:||175|
|Herbal Supplements Companies||
Nutraceutical International Corporation, Dr. Willmar Schwabe GmbH & Co. KG, The Himalaya Drug Company, Rainbow Light Nutritional Systems, Inc., Ricola AG, Bio-Botanica Inc, Twinlab Corporation, Blackmores Ltd., Glanbia, Plc, Herb Pharm, LLC., Herbalife International of America, Inc., Gaia Herbs, DSM Nutritional Products AG, Naturalife Asia Co., Ltd., Nature’s Bounty Co., Arizona Natural Products, The Archer Daniels Midland Company and Others.
|Segments Covered||By Sources, By Form or Type, By Function, By Application|
|Regional Analysis||North America, U.S., Canada, , Europe, Germany, France, U.K., Italy, Spain, Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe, Asia-Pacific, South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC, Latin America, Mexico, Colombia, Brazil, Argentina, Peru, Rest of South America, Middle East and Africa, Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA|
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