The Infinium Global Research analyzes the Herbal Supplements Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global herbal supplements market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of herbal supplements. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the herbal supplements market during the period. 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 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.
Global herbal supplements market is basically driven by various factors such as globally growing aging population, increased consumer awareness for preventative healthcare, 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 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 factors 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 factor can acts as a lucrative opportunity for the herbal supplements market in near future.
Asia Pacific Region Dominates the Global Herbal Supplements Market
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.
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 by 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.
Major Key Players Mentioned in this Premium Report
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.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-herbal-supplements-market
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global herbal supplements market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of herbal supplements market.
Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the herbal supplements market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the herbal supplements market to understand the present and future trends in this market and formulate their strategies accordingly.