According to a new market study by Future Market Insights, the global herbal supplements market is forecasted to expand at a healthy rate between 2020 and 2030.
The report attributes the growth of the market to increasing preference for natural foods, rising awareness regarding preventive health care, and surging expenditure on health and wellness. Furthermore, the widening base of geriatric population and rising incidence of chronic diseases are asserting market players to seek organic, natural ingredients.
In the recent past, there has been a paradigm shift in consumer preference for organic products. As a result of the flourishing trend of health and wellness, the demand for herbal supplements has increased significantly. Likewise, rising disposable income in developing countries has increased the spending power of consumers, thus enabling them to afford herbal supplements.
Furthermore, herbal supplements aid in lowering the levels of cholesterol, reduce stress, and ensure the proper functioning of the digestive system, among other benefits. Along similar lines, the introduction of numerous healthcare initiatives and tax benefits by governments across the world are positively influencing the growth trajectory.
Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-11311
“As consumers seek effective yet economical pharmaceuticals market players are focusing on carefully planning their operational expenses to maintain optimal costs of the products.”, opines FMI analyst.
Herbal Supplements Market – Key Takeaways
- The global herbal supplements market is forecasted to grow at a stellar CAGR of 10.6% through the forecast period and will attain a valuation of US$ 191.7 Bn by the end of 2030.
- Based on the form, herbal supplements as capsules & tablets are expected to hold the lion’s share in market value, while powder form is expected to gain traction in the forthcoming years.
- Among end-uses, pharmaceuticals is forecasted to remain the dominant sector through the forecast period, owing to growing usage of herbal supplements in the product, while the food & beverage sector will grow in value at a tremendous CAGR.
- On the basis of source, herbal supplements derived from leaves are expected to hold the lion’s share while bark-derived supplements are expected to gain prominence.
Herbal Supplements Market – Key Trends
- The outbreak of Covid-19 is likely to catalyze the market growth since herbal medicine products have minimal side-effects and complications, and herbal supplements are finding significant adoption on this premise.
- A growing number of people practicing veganism, coupled with government policies to promote the consumption of organic goods are bolstering the consumption of herbal supplements.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-11311
Herbal Supplements Market – Regional Analysis
- North America is forecasted to remain at the forefront of market growth, through the forecast period owing to the high prevalence of obesity and government initiatives, and sprouting health and fitness trends.
- Europe is forecasted to remain the second-most lucrative region, with Germany and France accounting for the majority of the share, on the back of increasing the vegan population.
- Asia Pacific is forecasted to emerge as a prominent region, backed by rising awareness among consumers regarding the benefits of consuming organic goods.
Herbal Supplements Market – Competitive Landscape
Some of the key players operating in the market include Martek Biosciences Corporation, Natures Aid, DSM Nutritional Products Ltd., i-Health, Inc., Nutraceutical Corporation, Ricola AG, Bio-Botanica, Inc., ARKOPHARMA Pharmaceutical Laboratories, and The Himalaya Drug Company. Market players are focusing on direct sales, product bundling deals, and comprehensive discounts to gain competitive advantage.
Herbal Supplements Market – Taxonomy
- Fruits & Vegetables
- Food & Beverages
- Personal Care
- Tablets and capsules
- North America
- Latin America
Table Of Content
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Herbal supplements Market Demand Analysis 2015-2019 and Forecast, 2020-2030
5. Global Herbal supplements Market – Pricing Analysis
6. Global Herbal supplements Market Demand (Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Source
8. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Application
9. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Form
10. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Region
11. North America Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030
12. Latin America Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030
13. Europe Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030
Explore Extensive Coverage on FMI’s Food & Beverage Landscape:
Stevia Market: FMI’s compelling study on the stevia market sheds light on the prominent dynamics influencing the growth trajectory for the upcoming forecast period 2020-2030 through detailed segmental and regional analyses.
Natural Food Colours Market: The natural food colours market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade’s growth trajectory.
Citric Acid Market: The global citric acid market is anticipated to surpass an impressive revenue threshold by the end of the forecast period ranging from 2020 to 2030, concludes FMI’s recently published research report on the market.
Future Market Insights Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: email@example.com For Media Enquiries: firstname.lastname@example.org Follow me Blogger: https://trendingrelease.blogspot.com/