Herbal Supplements Market Brands Statistics and Overview by Global Top Manufacturers 2023
The Global Market for herbal supplements to experience an impressive growth during the forecast period (2017-2023), reports Market Research Future (MRFR). The herbal supplement has proven itself as a boon for individuals who are concerned about their health. Regular diet often fails to meet the expected nutrition requirements. Intake of herbal supplements is a perfect way to fill in that gap left by unbalanced food consumption.
Global Key Players and Competition Analysis
The key players profiled in the global herbal supplements market are Ricola (Switzerland), Archer-Daniels-Midland Co. (U.S.), Glanbia PLC (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores Limited (Australia), NBTY (U.S.), and Naturalife Asia Co., Ltd. (Seoul, Korea).
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The global market for herbal supplements can be segmented by ingredients, delivery format, and function.
Based on ingredients, the market includes stevia, ginseng, ginkgo, epimedium, green tea, hawthorn, aloe vera and others.
Delivery format wise segmentation includes capsule, liquid, tablet, powder, and others. Capsule style of packaging is expected to grow with the fastest CAGR during the prognosis period.
Function-wise segmentation comprises beauty products, antioxidant digestive system, weight loss, memory improvement, regulation of blood system, anti-aging and others. Weight loss segment is expected to grow faster than the rest during the forecast period.
The APAC is expected to expand the scope for the market extensively owing to a cultural affinity for herbal products in countries such as India and China. The region is also experiencing a rising demand for herbal supplements with focus directed on antioxidants, anti-aging, and beauty products. The region also fetches much revenue from export. For instance, China is one of the leading global exporters of herbal supplements.
Rapid urbanization has led to a sedentary life resulting in various diseases that have forced a many to regard their health with great concern. Unbalanced diet coupled with lack of nutritional knowledge often fail to provide the required nourishment that an individual requires to lead a healthy life. This has resulted in herbal supplements gaining traction, and the market can expand substantially in the foreseeable future.
Browse the market data and information spread across 110 pages with 24 data tables and 16 figures of the report “Global Herbal Supplements Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/herbal-supplements-market-3231
July, 2018 Market Research Future Published a Half Cooked Research Report on Global Herbal Supplements Market Research Report.
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