Herbal Supplements Market By Form (Tablets, Syrups, Oils, Powder, Others), By Source (Leaves, Fruit, Roots, Vegetables, Barks ), By Application (Agriculture, Pharmaceuticals, Dietary Supplements, Food and Beverages, Animal Feed, Cosmetics and Others), Global Analysis to 2023

Herbal Supplement Market Insights

According to the new report titled " Herbal Supplements Market By Form (Tablets, Syrups, Oils, Powder, Others), By Source (Leaves, Fruit, Roots, Vegetables, Barks ), By Application (Agriculture, Pharmaceuticals, Dietary Supplements, Food and Beverages, Animal  Feed, Cosmetics and Others), Global Analysis to 2023"

The valuation of the  Herbal Supplements market was $91.3 Billion in 2023 and is projected to reach $184.1 Billion by 2032, at a CAGR of 8.10% from 2021 to 2032.

The Herbal Supplements Market was valued at $91.3 Billion by 2023 and expected to grow at CAGR of 8.10% over forecast period.  Herbal supplements are dietary supplements made from plants or plant extracts that are used for their purported medicinal or health-promoting properties. These supplements can come in various forms, including capsules, tablets, powders, extracts, and teas. Consumers are increasingly seeking natural alternatives to conventional medicine for maintaining health and treating minor ailments. Herbal supplements are perceived as natural and holistic remedies that offer potential health benefits without the side effects associated with some pharmaceutical drugs.

Herbal supplements are generally perceived as safe and natural alternatives to pharmaceutical drugs. Consumers often believe that herbal remedies have fewer side effects and are gentler on the body, leading to increased demand for these products. The prevalence of chronic health conditions such as obesity, diabetes, and cardiovascular diseases has led to a greater focus on health and wellness. Consumers are turning to herbal supplements as part of a holistic approach to managing these health concerns and improving overall quality of life. Herbal supplements are widely available over-the-counter in pharmacies, health food stores, and online retailers, making them easily accessible to consumers. The convenience of purchasing herbal supplements without a prescription contributes to their popularity and widespread use.

Tablets held the largest share in the Herbal Supplements market

By Form (Tablets, Syrups, Oils, Powder, Others) where Tablets plays a crucial role in the Herbal Supplements market. Tablets offer a convenient and portable dosage form for herbal supplements, making them easy to consume on-the-go. Consumers appreciate the convenience of tablets, as they can be taken anytime, anywhere, without the need for measuring or mixing. Tablets provide a precise and consistent dosage of herbal ingredients, ensuring that consumers receive the intended amount of active compounds with each dose. This is particularly important for herbal supplements, where dosage accuracy is essential for achieving desired health benefits. Tablets have a longer shelf-life and greater stability compared to some other dosage forms, such as liquid extracts or teas.

Europe headed the Herbal Supplements market in 2023

Similar to other regions, European consumers are increasingly concerned about health and wellness. They are seeking out foods and beverages made with natural, minimally processed ingredients as a way to support their overall well-being. The European Union has strict regulations regarding food labeling and the use of additives. Consumers in Europe are more aware of these regulations and are actively looking for products that comply with clean label standards, providing them with confidence in the quality and safety of the ingredients. There has been a growing interest in specialty diets such as vegetarian, vegan, gluten-free, and paleo in Europe. Herbal Supplements play a key role in these diets as they often align with the requirements of these dietary preferences, such as being free from animal products or gluten. Younger generations in Europe, particularly Millennials and Generation Z, are driving the demand for Herbal Supplements.

They are more likely to prioritize health, sustainability, and transparency in their purchasing decisions, and clean label products resonate with their values. Retailers and food brands in Europe are responding to consumer demand for Herbal Supplements by reformulating products to remove artificial additives and preservatives. Many retailers are also introducing their own clean label product lines to cater to this growing segment of the market.

Key market players operating in the market that are profiled in the report are NBTY(US), Tsumura(JP), Weleda(CH), DSM（NL), Nature's Sunshine Products(US), Madaus(DE), Nutraceutical(US), Arkopharma(FR), Schwabe(DE), Ricola(CH), Blackmores(AU), Dabur(IN) etc.

Report Scope

Key Players

The major players in the Herbal Supplements Market are

• Nature’s Bounty Co.
• Archer Daniels Midland Company
• Glanbia plc
• Nutraceutical International Corporation
• Herbalife International of America, Inc.
• Blackmores Limited
• Bio-Botanica Inc.
• Himalaya Drug Company
• Ricola AG
• The Nature’s Way Co.
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• Reasons to Purchase this Report

• • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
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