MarketsandMarkets™ Presents Herbal Supplements Market- Global Forecast 2022 https://www.marketsandmarkets.com/Market-Reports/herbal-supplements-market-736.html
The report "Herbal Supplements Market by Source (Leaves, Barks, Fruits & Vegetables, and Roots), Application (Pharmaceuticals, Food & Beverage, and Personal Care), Function (Medicinal and Aroma), Form, and Region - Global Forecast to 2022", The herbal supplements market is projected to reach a value of USD 86.74 Billion by 2022 at a CAGR of 6.8%. Browse 75 market data tables and 46 figures spread through 141 pages and in-depth TOC on “Herbal Supplements- Global Forecast to 2022” The herbal supplements market has been segmented on the basis of source, function, application, form, and region. The years considered for the study are as follows: • Base year – 2015 • Estimated year – 2016 • Projected year – 2022 • Forecast period – 2016 to 2022 The objectives of the study includes: • To define, segment, and project the global market for herbal supplements • To understand the structure of the herbal supplements market by identifying its various subsegments • To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, industry-specific challenges) • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the total market Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=736
The pharmaceuticals industry is the fastest-growing segment in the herbal supplements market by application during the forecast period 2016–2022 Herbal supplements find major applications in the pharmaceutical industryespecially in the developed regions, This is due to the consumer’s reliability in the quality and effectiveness of herbal medicines. This has encouraged pharmaceutical manufacturers to acquire small nutraceutical companies, which has led to the growth of the herbal supplements market The function of providing medicinal properties has the largest market in the herbal supplements industry Herbal supplements consist of natural plant ingredients that have medicinal properties. This demand is observed in both developed and developing regions of the world for healthcare purposes. It can be attributed to the efficacy, safety, and minimal to no side effects of herbal ingredients. Herbal supplements are also used for therapeutic practices such as the treatment of osteoporosis and certain immune disorders. Significant growth for herbal supplements is observed in the Asia-Pacific region Cultural affinity for herbalism in countries such as India and China has resulted in the Asia-Pacific region to be the fastest growing region for herbal supplements market. The region is one of the major markets for the supply of herbal raw materials, which is one of the major factors driving the production of herbal supplements in the region. These supplements are also traded with developed regions, such as North America. For instance, China is one of the largest suppliers of herbal supplements to the U.S. and European markets. Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=736
Scope of the Report This research report categorizes the herbal supplements market based on source, function, form, application, and region. Based on Source, the market has been segmented as follows: • Leaves • Barks • Fruits & vegetables • Roots Based on Function, the market has been segmented as follows: • Medicinal • Aroma Based on Form, the market has been segmented as follows: • Capsules & tablets • Powder • Syrups • Oils Based on Application, the market has been segmented as follows: • Pharmaceuticals • Food & beverages • Personal care Request Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=736
Based on Region, the market has been segmented as follows: North America Europe Asia-Pacific RoW (Brazil, The Middle East, South Africa, and Rest of RoW) The market is driven by factors such as demand for dietary supplements by women and young demography, and the consumer awareness for preventive healthcare measures. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for market players. The herbal supplements market value chain players are Archer Daniels Midland Company (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores (Australia), and Nutraceutical International Corporation (U.S.) among others. Maximum value addition of a product in the global herbal supplements industry is observed in the stages of product manufacturing. In the initial stage, the raw materials, which in this case, are the natural herb ingredients, are used for the production of herbal supplements. The herbal supplements market is characterized by moderate competition due to the presence of a number of large- and small-scale firms. New product launches, acquisitions, and expansions are the key strategies adopted by these players to ensure their growth in the market. The market is dominated by players such as Archer Daniels Midland Company (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores (Australia), and Nutraceutical International Corporation (U.S.). Other major players in the market are NBTY, Inc.(U.S.), Arizona Natural Products (U.S.), Ricola (Switzerland), NaturaLife Asia Co., Ltd. (Korea), and Bio-Botanica Inc. (U.S.).
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