Herbal Supplements Market

“Global Herbal Supplements Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global herbal supplements market. Herbal supplements are a type of organic dietary additive that exhibits various therapeutic properties based on the high composition of amino acids, minerals, vitamins, and enzymes. They are generally extracted from natural raw materials, such as ginger, turmeric, moringa, cohosh, echinacea, flaxseeds and other herbs. Herbal supplements are primarily available in the form of soft gels, powders, tablets, liquid extracts, capsules, and ointments. In addition to this, the supplements offer several antiseptics, anti-depressant, antibiotics, and anti-inflammatory benefits. Regular consumption of herbal supplements also provides skin radiance and boosts the immune system. As a result, they are largely consumed by the adult, geriatric, and pediatric populations across the globe.

The rising demand for health supplements and the increasing consumer health awareness represent some of the primary factors driving the market growth. The surging consumer expenditure on preventive healthcare products on account of the increasing lifestyle diseases like obesity and diabetes has boosted the demand for herbal supplements. This, in turn, is providing a considerable boost to the market growth. The easy availability of herbal supplements and the increasing consumer per capita income are other factors accelerating the market growth. Apart from this, the burgeoning investments in the research and development (R&D) activities by the key players to launch innovative, effective, and newer herbal products is bolstering the market growth. The shifting consumer inclination towards plant-based supplements and organic self-care products has compelled the key players to incorporate high-quality natural ingredients, further creating a positive outlook for the market. Moreover, the growing consumer awareness regarding the health benefits of herbal supplements and the rising prices of pharma products have surged the demand for herbal supplements, further driving the market growth. Other factors, such as the increasing geriatric population and rapid product innovations, are factors boosting the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the herbal supplements market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the herbal supplements market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the herbal supplements market in detail for the latest trends, outlook, and opportunities.

The report analyses the competitive structure of the herbal supplements industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the herbal supplements industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the herbal supplements industry by analyzing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities, and threats pertaining to the herbal supplements industry. Furthermore, the value chain analysis of the herbal supplements industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales, and distribution.

 Key Segments and Highlights of the Global Herbal Supplements Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players        
            

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the herbal supplements industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.