Published on : Jun 14, 2016
Vitamins and herbal dietary supplements refer to the non-pharmaceutical and non-food substances utilized for enhancing the health of human beings. Supplementation plays a vital role for the treatment of health problems and deficiencies. Vitamins and herbal dietary supplements market is categorized into herbal dietary supplements, bottled nutritive drinks, dietary and pediatric vitamins, and others.
Governments in various nations have recognized the advantages of conventionally utilized medicines, while individuals in numerous nations are more inclined on purchasing herbal products. This is why, the Traditional Chinese Medicine (CTM), Ayurveda, and a number of other indigenous medicines have been gaining traction, thus augmenting the development of the market. In addition, the soaring healthcare expenditures across the world is also boosting the market for vitamins and herbal dietary supplements as people are exploring a wide range of options.
It has also allowed the free movement of a number of products by the introduction of harmonized rules within the European Union. This has resulted in an increased sales of botanicals and herbal supplements and has also increased the penetration of a number of companies within the business of dietary supplements, hence positively impacting the growth of the vitamins and herbal dietary supplements market.
The major players operating in the global market are SunOpta , E. I. du Pont de Nemours and Company., Cargill Inc., Lonza Group, SAS Nexira, Tate & Lyle, and Roquette Freres, among others.