Herbal Supplements Market

21 Mar


Herbal Supplements Market Poised to Grow at a CAGR of 6.2% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Herbal Supplements Market. The report presents analysis of global as well as regional markets of herbal supplements market over the period of 2016 to 2024.


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.


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.


Key Developments: In June 2018, FDA Expands List of Ingredients Approved as Dietary Fiber. U.S. Food and Drug Administration (FDA) Commissioner Scott Gottlieb, MD, released decisions made on citizen petitions to expand and better define what ingredients fall under the legal definition of “dietary fiber.”

Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global herbal supplements market but also make strategic decisions to capture the most lucrative markets in the near future.


The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that North America dominated the global herbal supplements market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the herbal supplements market worldwide.

The report segments the global herbal supplements market on the basis of By Source, By Application, By Function and By Form.


Global Herbal Supplements Market by Source

·         Leaves

·         Barks

·         Fruits & Vegetables

·         Roots

·         Others


Global Herbal Supplements Market by Application

·         Pharmaceuticals

·         Food & Beverages

·         Personal Care

·         Others


Global Herbal Supplements Market by Function

·         Medicinal

·         Aroma

·         Other Functions


Global Herbal Supplements Market by Form

·         Capsules & Tablets

·         Powder

·         Syrups

·         Oils

·         Others


Companies Profiled in the Report

·         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.

·         Bio-Botanica Inc.


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.

Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.