Global Herbal Supplements Market- Trends, Price, Share and Growth Rate from 2018 to 2024

Infinium Global Research has added a new report on Global Herbal Supplements Market. The report covers the analysis of global as well as regional markets of Herbal Supplements. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report the global herbal supplements market is projected to grow at a CAGR of 6.2% over the forecast period of 2018-2024.

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Herbal Supplements Market: Insights

Herbal supplements are non-pharmaceutical non-food substances marketed to improve health. Herbal supplement is made of plant-based substances, and sometimes other environmental substances, to treat or cure medical conditions. It has been used for medicinal purpose and is been used for thousands of years.

Herbal Supplements Market: Drives and Opportunity

Global herbal supplements market is basically driven by various factors such as globally growing aging population, increased consumer awareness for preventative healthcare, the growing number of the self-directed or self-diagnose consumers. In addition, herbal supplement manufacturers are accessing new sales channels to reach a diverse and broad set of customers i.e. inclusion of e-commerce in medicine trade and many more factors are boosting the growth of this market.

Furthermore, herbal supplements are less prone to FDA regulations which also helps to augment the market growth. Herbal supplements are less effective and thus results in delayed recovery in many medical conditions, this factor acts as a restraint for the market growth. Many medicine manufacturing companies are launching herbal medicine products as these products are less prone to side effects, thus these factors can act as a lucrative opportunity for the herbal supplements market in the near future.

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Herbal Supplements Market: Regional Insights

On the basis of region, the global herbal supplements market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia-Pacific region dominates the global herbal supplements market and is also expected to grow at the highest CAGR during the forecast period, 2018-2024 due to growing number of health-conscious young people, growing self-diagnosis trend by young couples, increasing consumption of fast-food, which are less nutritional, growing disposable income among middle class family, personal factors, functional factors and social factors.

Herbal Supplements Market: Segmentation

The report on global herbal supplements market covers segments such as source, application, function, and form. On the basis of by source the global herbal supplements market is categorized into leaves, barks, fruits & vegetables, roots, and others. On the basis of application the global herbal supplements market is categorized into pharmaceuticals, food & beverages, personal care, and others. On the basis of by function, the global herbal supplements market is categorized into medicinal, aroma and other functions. On the basis of by form the global herbal supplements market is categorized into capsules & tablets, powder, syrups, oils and others.

Herbal Supplements Market: Competitive Landscapes

The report provides profiles of the companies in the global herbal supplements market such as Archer Daniels Midland Company, Glanbia PLC, Herbalife International of America, Inc., Blackmores Limited, Nutraceutical International Corporation, NBTY, Inc., Arizona Natural Products, Ricola AG, Naturalife Asia Co., Ltd. and Bio-Botanica Inc.

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