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Herbal Supplements Market Industry Growth Opportunities and New Demand Analysis Research Report by 2027

Overview:

The global Herbal Supplements Market to experience an impressive growth during the forecast period (2017-2023), reports Market Research Future (MRFR). The herbal supplement has proven itself as a boon for individuals who are concerned about their health. Regular diet often fails to meet the expected nutrition requirements. Intake of herbal supplements is a perfect way to fill in that gap left by unbalanced food consumption.

Industry Trend:

The Swiss brand Ricola has come up with Herbal Immunity Gummies that are exclusively made from components that are not genetically modified or infused with artificial colors or flavors. The product promises to boost immunity and help in lowering stress level.

National Institute of Health (NIH) has recently launched an app HerbList to take information related to herbal supplements straightaway to the consumer to create awareness.

Regional Analysis:

Geographically the market covers North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (ROW). 

The APAC is expected to expand the scope for the market extensively owing to a cultural affinity for herbal products in countries such as India and China. The region is also experiencing a rising demand for herbal supplements with focus directed on antioxidants, anti-aging, and beauty products. The region also fetches much revenue from export. For instance, China is one of the leading global exporters of herbal supplements.

North America has also taken up this trend, and the market has peaked significantly. Dietary supplements in the region incorporate herbal supplements profusely in the compositions due to which herbal supplement market is burgeoning.

Europe is also contributing considerably owing to a rising acceptance of herbal products among consumers. Also, government policies are welcoming this new sector. In addition, established pharmaceutical companies are acquiring small nutraceutical companies, thus, helping in the expansion of the market.

Segmentation:

The global Herbal Supplements Market can be segmented by ingredients, delivery format, and function.

Based on ingredients, the market includes stevia, ginseng, ginkgo, epimedium, green tea, hawthorn, aloe vera and others.

Delivery format wise segmentation includes capsule, liquid, tablet, powder, and others. Capsule style of packaging is expected to grow with the fastest CAGR during the prognosis period.

Function-wise segmentation comprises beauty products, antioxidant digestive system, weight loss, memory improvement, regulation of blood system, anti-aging and others. Weight loss segment is expected to grow faster than the rest during the forecast period.

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Drivers and Restraints:

Rapid urbanization has led to a sedentary life resulting in...

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