Herbal Supplement Market, By Source (Leaves, Barks, Fruits and Vegetables, and Roots), By Function (Medicinal and Aroma), By Form (Capsules and Tablets, Powder, Syrups, and Oils), By Application (Pharmaceuticals, Food and Beverages, and Personal Care), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030

Report Code: PMI65219 | Publish Date: March 2024 | No. of Pages: 185

Global Herbal Supplement Market By Overview

Herbal supplements are items made from plants and/or their oils, roots, seeds, berries, or flowers in their natural state. There are millions of different herbal species found all over the world. Herbal supplements are manufactured naturally without utilising any chemical and synthetic substances which factor is the most important for the herbal supplement market to grow. Depending on the species, herbal supplements contain thousands of health benefits. For thousands of years, herbal plants and extracts have been used for therapeutic purposes. With the recent consumer shift toward natural and organic products, demand for herbal components has skyrocketed all over the world. Herbal supplements are commonly used in aromatherapy because they aid to control the distortive system, keep cholesterol levels in check, and alleviate stress. Natural supplements are also gaining traction among pharmaceutical companies, owing to rising customer demand for herbal medications. Herbal Supplement Market accounted for US$ 6.19 billion in 2020 and is estimated to be US$ 11.14 billion by 2030 and is anticipated to register a CAGR of 6.1%.

Global Herbal Supplement Market By Dynamics

Growing vegan population

Climate change, rising pollution, and shifting food choices are all having an impact on human health. Furthermore, the fast-paced lifestyle, growing urbanisation, and excessive work are leading to unhealthy weight gain, depression, anxiety, and other problems. As a result, consumers' preferences for natural components are growing. When purchasing products such as food and beverages, health supplements, pharmaceuticals, or any other item, consumers check for the ingredients utilised in the product. These factors are propelling the herbal supplement market forward. Another potential development element for the  herbal health supplements market is the growing vegan population. The number of herbal medication, cosmetic, and personal care product makers has risen in recent years all over the world. The demand for herbal supplement and ingredients are expected to increase significantly in future.

Global Herbal Supplement Market By Segmentation

The herbal supplement market report segments the market on the basis of source, function, form, application, and region.

On the basis of Source, the Herbal Supplement Market is segmented into Leaves, Barks, Fruits and Vegetables, and Roots. On the basis of Function, the target market is segmented into Medicinal and Aroma. Based on Form the market is segmented into Capsules and Tablets, Powder, Syrups, and Oils. Based on Application, the market is segmented into Pharmaceuticals, Food and Beverages, and Personal Care.

Regional Insights:

On region the  Herbal Supplement Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are likely to hold the greatest share of the worldwide herbal supplement market due to a growing preference for plant-based foods. Furthermore, these areas have the biggest amount of health-conscious customers, as well as strong consumer spending power on food, beverage, and supplement items. During the forecast period of the herbal supplement market, Asia Pacific is expected to develop at a substantial rate. Leading manufacturers of herbal plants and substances include India, China, Indonesia, Malaysia, and others. In addition, the market for herbal supplements in the Asia Pacific area is predicted to rise due to rising consumer health consciousness and spending power. Latin America and the Middle East and Africa are expected to register a steady growth rate in the forecast period of the  herbal supplements market.

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Source - Leaves, Barks, Fruits and Vegetables, and Roots

By Function – Medicinal and Aroma

By Form – Capsules and Tablets, Powder, Syrups, and Oils

By Application – Pharmaceuticals, Food and Beverages, and Personal Care

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Herbal Supplement Market report based on Source, Function, Form, Application and Region.

Herbal Supplement Market, By Region:

  • North America
    • U.S.
      • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Herbal Supplement Market By Key Players

Key players in the herbal supplement market includes, Archer Daniels Midland Company, Herbalife International of America Inc., Glanbia plc, Nutraceutical International Corporation, Arizona Natural Products, Ricola AG, NaturaLife Asia Co. Ltd., Bio-Botanica Inc., Blackmores, and The Himalaya Drug Company.

Global Herbal Supplement Market By Company Profile

  • Archer Daniels Midland Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Herbalife International of America Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Glanbia plc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nutraceutical International Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Arizona Natural Products
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ricola AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NaturaLife Asia Co. Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Bio-Botanica Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Blackmores
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • The Himalaya Drug Company
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Herbal Supplement Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
    • PORTER’s
    • Investment Outlook
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Herbal Supplement Strategies
      • Key Questions this Study will Answer
      • By Source (Leaves, Barks, Fruits and Vegetables, and Roots)

        By Function (Medicinal and Aroma)

        By Form (Capsules and Tablets, Powder, Syrups, and Oils)

        By Application (Pharmaceuticals, Food and Beverages, and Personal Care)

        By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) 

    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Overview
    • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Regional Trends
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Regional Analysis
    • Regional Revenue Analysis
    • Regional By segment Analysis
    • Reasons for regional growth
    • Key Player of particular region
    • Countries Include in the report:
      • North America (U.S., Canada)
      • Europe (UK, France, Germany, Russia, Italy, Rest of Europe)
      • Asia Pacific (India, Japan, South Korea, China, Rest of Asia Pacific)
      • Latin America (Brazil, Mexico, Rest of Latin America)
      • Middle East & Africa (GCC, Israel, South Africa, Rest of Middle East)
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
    • Competitive Overview
    • Competitive Benchmarking
    • Market Share Analysis
    • Key Developments In The Herbal Supplement Market
    • Key Developments: Mergers & Acquisitions
    • Key Developments: Collaboration
    • Key Developments: Contracts & Agreements
    • Key Developments: Expansion
    • Key Developments: Product Developments
  2. Company Profiles
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
  • SWOT Analysis
    • Archer Daniels Midland Company

    • Herbalife International of America Inc.

    • Glanbia plc

    • Nutraceutical International Corporation

    • Arizona Natural Products

    • Ricola AG

    • NaturaLife Asia Co. Ltd.

    • Bio-Botanica Inc.

    • Blackmores

    • The Himalaya Drug Company.

  1. The Last Word
    • Future Impact
    • About Us
    • Contact

 

FAQs

The herbal supplement market report segments the market on the basis of source, function, form, application, and region.

The demand for herbal supplement and ingredients are expected to increase significantly in future.

North America and Europe are likely to hold the greatest share of the worldwide herbal supplement market due to a growing preference for plant-based foods.

Key players in the herbal supplement market includes, Archer Daniels Midland Company, Herbalife International of America Inc., Glanbia plc, Nutraceutical International Corporation, Arizona Natural Products, Ricola AG, NaturaLife Asia Co. Ltd., Bio-Botanica Inc., Blackmores, and The Himalaya Drug Company.