Herbal supplements are extensively used for their medicinal properties and remedies for several diseases since decades. Many people across the globe switching toward herbal supplements due to its added health benefits. Herbal supplements are natural non-food substances and non-pharmaceuticals used to improve health. The herbal supplements are derived from plant materials and have little or no side effects. The demand for herbal supplements is on an increase due to their natural label, which attract the customers, who are health conscious and want to improve their health. Also, increased prices of dietary and medicinal products propel the growth of the global herbal supplements and remedies market.
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The key players operating in this market are Twinlab Corporation, Sundown Nutrition, DSM Nutritional Products Ltd., Martek Biosciences Corporation, Natures Aid, i-Health, Inc., Ricola AG, Nutraceutical Corporation, Bio-Botanica, Inc., ARKOPHARMA Pharmaceutical Laboratories, and The Himalaya Drug Company.
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- The study provides an in-depth analysis of the global herbal supplements and remedies market along with current trends and future estimations to elucidate the imminent investment pockets.
- It presents a quantitative analysis from 2016 to 2023 to enable the stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market by product assists to understand the various forms of autoimmune disease diagnostic available.
- Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.
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Rapid increase in aging population, growth in consumption of health supplements, emphasis on healthy living, and rise in trends toward preventive healthcare drive the market. The other factors, such as increase in demand for dietary supplements and side effects of allopathic drugs also fuel the market growth. However, stringency in regulatory policy for these herbal supplements and low acceptance of the product limit the growth of the market. Nevertheless, the introduction of current good manufacturing practices (CGMP) regulations by the U.S. FDA offers opportunities to the market players to research and develop novel dietary supplements.
This global market is segmented based on source into leaves, fruits & vegetables, barks, and roots. On the basis of function, the market is categorized into aroma and medicinal herbal supplements. Based on dosage form, the market is divided into powder, syrups, oils, and capsules & tablets. On the basis of application, the market is categorized into pharmaceuticals, food & beverages, and personal care. Based on distribution channel the market is categorized into online, retail stores and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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