Herbal Supplements and Remedies Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Global Herbal Supplements and Remedies Market: Overview
Herbs and plants are being extensively used for their medicinal properties since time immemorial. A large section of the global population is switching to herbal supplements due to their added health benefits. Herbal supplements or botanicals are natural non-pharmaceutical and non-food substances that are commercialized in the market to improve health.
The demand for herbal supplements is increasing due to their ‘natural’ label. Consumers are opting for herbal supplements to improve their health. Subsequently, increased prices of medicinal and dietary products have led to the growth of the global herbal supplements and remedies market.
In the report, Transparency Market Research (TMR) provides a detailed analysis of drivers and restrictions in the global herbal supplements and remedies market. It also delivers insight to the various segments and regions of the market.
Global Herbal Supplements and Remedies Market: Drivers and Restraints
An increasingly sedentary lifestyle thus far is pushing consumers to lead a healthy life. The number of mental and health disorders are multiplying. More and more individuals are now looking at alternatives that are safer, healthier, and economical. Herbal supplements are gaining prominence due to increased awareness among consumers.
Globally, herbal supplements have slowly and steadily gained the confidence of consumers. They are ready to include herbal supplements in their daily dietary regime and this in turn has led to the growth of the market. In addition, high healthcare costs, inactive lifestyle, tighter government budgets, and increasing prices of medicinal and dietary products have driven consumers to shift to more economical options such as herbal supplements. To get long lasting relief from physical and mental disorders, herbal remedies are proving to be the safest alternative.
Recently, with the introduction of Current Good Manufacturing Practices (CGMP) regulations by the U.S. FDA, the herbal supplement and remedies market in the U.S. had been booming and enjoying no regulation policies. The stringent regulatory policy is now applicable to herbal supplements as well and is one of the major factors limiting the market growth. Product availability and acceptance, forms of delivery, and product pricings are some other factors that might negatively affect the overall size of this industry.
Herbal supplements claim to be natural; however, this might not be true always. There can be various harmful side effects and thus it is always recommended to use these products after a thorough consultation with an herbalist or a physician.
Global Herbal Supplements and Remedies Market: Regional Outlook
Geographically, North America accounts for the leading share in the global market. Supplementary vitamins and dietary supplements in this region use herbal products in high quantity, thus making it the dominant segment. Europe follows suit and is another promising region for herbal supplements and remedies. Higher consumer acceptance rate for herbal products and welcoming legislation, plus acquisitions of small nutraceutical companies by established pharmaceutical companies, have played a crucial role in aiding market growth in Europe.
Asia Pacific and Latin America are two regions that have contributed immensely toward the market growth. Countries such as China, India, Malaysia, and Singapore are expected to boost the demand for herbal supplements owing to increased focus on using herbal products, a rise in research activities on dietary supplements, and growing acceptance rate for herbal remedies.
Companies Mentioned in the Report
The key players in the global herbal supplements and remedies market include Sundown Nutrition, Twinlab Corporation, Martek Biosciences Corporation, Natures Aid, DSM Nutritional Products Ltd., i-Health, Inc., Nutraceutical Corporation, Ricola AG, Bio-Botanica, Inc., ARKOPHARMA Pharmaceutical Laboratories, and The Himalaya Drug Company.
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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