Product Code: h1535
“Herbal Supplements Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global herbal supplements market.
This report focuses on herbal supplements market which is experiencing strong growth. The report gives a guide to the herbal supplements market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the herbal supplements? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Herbal Supplements market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider herbal supplements market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The herbal supplements market section of the report gives context. It compares the herbal supplements market with other segments of the herbal supplements market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, herbal supplements indicators comparison.
Scope
Markets Covered:
- 1) By Form: Tablets; Capsules; Liquid; Powder And Granules; Soft Gels
- 2) By Sources: Leaves; Fruits; Roots; Vegetables; Barks
- 3) By Application: Food And Beverages; Pharmaceuticals; Personal Care
- 4) By Distribution: Store Based; Non-Store Based
- Companies Mentioned: Ancient Greenfields PVT. LTD.; Archer Daniels Midland Company; Arizona Natural Products; Bio-Botanica Inc.; Blackmores
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the herbal supplement market are: Ancient Greenfields PVT LTD, Archer Daniels Midland Company, Arizona Natural Products, Bio-Botanica Inc., Blackmores, Herbalife International of America, Inc., Ricola, Solgar, Inc., Jarrow Formulas, Inc., Glanbia PLC, Gaia Herbs, NBTY, Inc., Nature's Bounty, NaturaLife Asia Co., Ltd., Nutraceutical International Corporation, herbochem, Swanson Health Products, Third Coast Herb Co., Now Health Group, Herbal Africa, Sunfood Nutraceuticals, Wonder Labs, Wellness Origin Indy, ABCO Laboratories, Inc., Dabur, Weleda, Schwabe, Kunming Pharma, Taiji, DSM, and Rainbow Light Nutritional Systems.
The global herbal supplements market is expected to grow from $9.42 billion in 2021 to $10.10 billion in 2022 at a compound annual growth rate (CAGR) of 7.27%. The growth is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $13.32 billion in 2026 at a CAGR of 7.16%.
The herbal supplements market consists of sales of herbal supplements by entities (organizations, sole traders, and partnerships) that refer to supplements derived from plants that are used for improving health conditions. Herbal supplements that are generally extracted from natural raw materials such as moringa, echinacea, cohosh, turmeric, ginger, flaxseeds, and other herbs are sold in the form of capsules, tablets, powder, or liquid having certain medicinal properties.
The main forms of herbal supplements are tablets, capsules, liquids, powders, granules, and soft gels. Herbal tablet supplements are derived from plants, oils, roots, seeds, berries, or flowers and are sold in tablet form to maintain health or treat health problems. Herbal supplements are sourced from leaves, fruits, roots, vegetables, and barks. The different applications of herbal supplements include food and beverages, pharmaceuticals, and personal care products, which are distributed through store-based and non-store-based mediums.
In 2021, North America will be the largest region in the herbal supplement market. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increasing number of health-conscious consumers is significantly driving the growth of the herbal supplements market. Herbal supplements have numerous health benefits and are chemical-free. They are used to supplement diets and cure common ailments. According to the International Food Information Council's (IFIC) 2020 food and health survey, Americans have a strong interest in becoming more health-conscious, with 43% following a specific diet or eating pattern in 2020, up 38% from 2019. Also, 54% of all consumers cared more about the healthfulness of their food and beverage choices in 2020 than they did in 2010. Hence, the increasing number of health-conscious people is expected to propel the growth of the herbal supplements market in the forecast period.
Companies in the herbal supplements market are increasing their investment in research and development. This trend is positively impacting the market. For example, in February 2022, US-based health, beauty, and home care products company, Amway, collaborated with Indian technological institute, IIT Bombay, to speed up its research in the fields of botanicals, nutraceuticals, and herbal supplements. With this partnership, a team of in-house Amway researchers and IIT Bombay will collaboratively work to innovate in the different areas and to improve the nutrition and herbal range of products and ingredients of Amway.
In July 2021, GenTech Holdings, a US-based company engaged in providing functional foods, acquired a 75% controlling interest in Nature Spoon LLC (Nature Soothie). With this acquisition, GenTech Holdings expanded its geographic presence and product portfolio. The deal also gives GenTech Holdings access to a new segment of consumers. Nature Soothie is a US-based company involved in producing Nature Soothie® branded herbal supplement lollipops for children.
The countries covered in the herbal supplements market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Herbal Supplements Market Characteristics
3. Herbal Supplements Market Trends And Strategies
4. Impact Of COVID-19 On Herbal Supplements
5. Herbal Supplements Market Size And Growth
- 5.1. Global Herbal Supplements Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Herbal Supplements Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Herbal Supplements Market Segmentation
- 6.1. Global Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Tablets
- Capsules
- Liquid
- Powder And Granules
- Soft Gels
- 6.2. Global Herbal Supplements Market, Segmentation By Sources, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Leaves
- Fruits
- Roots
- Vegetables
- Barks
- 6.3. Global Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Food And Beverages
- Pharmaceuticals
- Personal Care
- 6.4. Global Herbal Supplements Market, Segmentation By Distribution, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Store Based
- Non Store Based
7. Herbal Supplements Market Regional And Country Analysis
- 7.1. Global Herbal Supplements Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Herbal Supplements Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Herbal Supplements Market
- 8.1. Asia-Pacific Herbal Supplements Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Herbal Supplements Market
- 9.1. China Herbal Supplements Market Overview
- 9.2. China Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Herbal Supplements Market
- 10.1. India Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Herbal Supplements Market
- 11.1. Japan Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Herbal Supplements Market
- 12.1. Australia Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Herbal Supplements Market
- 13.1. Indonesia Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Herbal Supplements Market
- 14.1. South Korea Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Herbal Supplements Market
- 15.1. Western Europe Herbal Supplements Market Overview
- 15.2. Western Europe Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Herbal Supplements Market
- 16.1. UK Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Herbal Supplements Market
- 17.1. Germany Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Herbal Supplements Market
- 18.1. France Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.2. France Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Herbal Supplements Market
- 19.1. Eastern Europe Herbal Supplements Market Overview
- 19.2. Eastern Europe Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Herbal Supplements Market
- 20.1. Russia Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Herbal Supplements Market
- 21.1. North America Herbal Supplements Market Overview
- 21.2. North America Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Herbal Supplements Market
- 22.1. USA Herbal Supplements Market Overview
- 22.2. USA Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Herbal Supplements Market
- 23.1. South America Herbal Supplements Market Overview
- 23.2. South America Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Herbal Supplements Market
- 24.1. Brazil Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Herbal Supplements Market
- 25.1. Middle East Herbal Supplements Market Overview
- 25.2. Middle East Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Herbal Supplements Market
- 26.1. Africa Herbal Supplements Market Overview
- 26.2. Africa Herbal Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Herbal Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Herbal Supplements Market Competitive Landscape And Company Profiles
- 27.1. Herbal Supplements Market Competitive Landscape
- 27.2. Herbal Supplements Market Company Profiles
- 27.2.1. Ancient Greenfields PVT LTD
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Archer Daniels Midland Company
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Arizona Natural Products
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Bio-Botanica Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Blackmores
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Herbal Supplements Market
29. Herbal Supplements Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer