Global Herbal Supplements Market 2024-2028

Global Herbal Supplements Market 2024-2028

The herbal supplements market is forecasted to grow by USD 32.87 bn during 2023-2028, accelerating at a CAGR of 6.68% during the forecast period. The report on the herbal supplements market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing awareness about natural and holistic approaches to health and wellness, increase in aging population, and rise in shift in consumer preferences towards natural and organic products.

Technavio's herbal supplements market is segmented as below:

By Distribution Channel

Offline

Online

By Formulation

Capsules

Tablets

Powders

Others

By Geography

North America

Europe

Asia

Rest of World (ROW)

This study identifies the growing trend towards personalized nutrition and wellness solutions as one of the prime reasons driving the herbal supplements market growth during the next few years. Also, rise in popularity of apoptogenic herbs and functional herbal ingredients and increasing emphasis on scientific validation and evidence-based research on herbal supplements will lead to sizable demand in the market.

The report on the herbal supplements market covers the following areas:

Herbal supplements market sizing

Herbal supplements market forecast

Herbal supplements market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading herbal supplements market vendors that include Archer Daniels Midland Co., Arizona Natural Products, Bio Botanica Inc., Gaia Herbs Inc., Glanbia plc, Herb Pharm, Herbalife International of America Inc., Kirin Holdings Co. Ltd., Natures Bounty, Nestle SA, Otsuka Holdings Co. Ltd., Pharma Nord Inc., Ricola Group AG, The Clorox Co., and The Procter and Gamble Co.. Also, the herbal supplements market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.