North America Herbal Dietary Supplement Market Size, Share & Trends Analysis Report By End User (Home Use, Clinics, and Hospitals), By Product Type (Tablets & Capsules, Powders, Shakes, and Others), By Country and Growth Forecast, 2024 - 2031
The North America Herbal Dietary Supplement Market would witness market growth of 6.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Herbal Dietary Supplement Market, by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3,711.8 Million by 2031. The Canada market is experiencing a CAGR of 9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2024 - 2031).
The market is dynamic and continuously evolving, driven by changing consumer preferences, technological advancements, regulatory developments, and scientific research. Consumers are increasingly demanding transparency in product labelling and sourcing.
Moreover, therefore prefer products with minimal additives, allergens, and artificial ingredients. Brands emphasizing transparency in ingredient origins, manufacturing practices, and sustainability efforts gain consumer trust.
Herbal dietary supplements market in Canada has diversified to include various formulations tailored to address specific health concerns associated with chronic diseases. Products incorporate botanical extracts, vitamins, minerals, and herbal blends known for their therapeutic properties and efficacy in managing symptoms related to chronic conditions.
Based on End User, the market is segmented into Home Use, Clinics, and Hospitals. Based on Product Type, the market is segmented into Tablets & Capsules, Powders, Shakes, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Amway Corporation
- Jarrow Formulas, Inc.
- Nature's Sunshine Products, Inc.
- Herbalife International, Inc.
- Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- Pure Essence Labs
- GNC Holdings, LLC (Harbin Pharmaceutical Group)
- Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.)
- Renew Life Formulas, LLC. (The Clorox Company)
- Swanson Health Products, Inc. (Swander Pace Capital)
By End User
- Home Use
- Clinics
- Hospitals
- Tablets & Capsules
- Powders
- Shakes
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Herbal Dietary Supplement Market, by End User
- 1.4.2 North America Herbal Dietary Supplement Market, by Product Type
- 1.4.3 North America Herbal Dietary Supplement Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. North America Herbal Dietary Supplement Market, by End User
- 4.1 North America Home Use Market, by Country
- 4.2 North America Clinics Market, by Country
- 4.3 North America Hospitals Market, by Country
- Chapter 5. North America Herbal Dietary Supplement Market, by Product Type
- 5.1 North America Tablets & Capsules Market, by Country
- 5.2 North America Powders Market, by Country
- 5.3 North America Shakes Market, by Country
- 5.4 North America Others Market, by Country
- Chapter 6. North America Herbal Dietary Supplement Market, by Country
- 6.1 US Herbal Dietary Supplement Market
- 6.1.1 US Herbal Dietary Supplement Market, by End User
- 6.1.2 US Herbal Dietary Supplement Market, by Product Type
- 6.2 Canada Herbal Dietary Supplement Market
- 6.2.1 Canada Herbal Dietary Supplement Market, by End User
- 6.2.2 Canada Herbal Dietary Supplement Market, by Product Type
- 6.3 Mexico Herbal Dietary Supplement Market
- 6.3.1 Mexico Herbal Dietary Supplement Market, by End User
- 6.3.2 Mexico Herbal Dietary Supplement Market, by Product Type
- 6.4 Rest of North America Herbal Dietary Supplement Market
- 6.4.1 Rest of North America Herbal Dietary Supplement Market, by End User
- 6.4.2 Rest of North America Herbal Dietary Supplement Market, by Product Type
- Chapter 7. Company Profiles
- 7.1 Amway Corporation
- 7.1.1 Company Overview
- 7.1.2 Recent strategies and developments:
- 7.1.2.1 Partnerships, Collaborations, and Agreements:
- 7.1.2.2 Product Launches and Product Expansions:
- 7.1.3 SWOT Analysis
- 7.2 Jarrow Formulas, Inc.
- 7.2.1 Company Overview
- 7.3 Nature's Sunshine Products, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 Recent strategies and developments:
- 7.3.5.1 Product Launches and Product Expansions:
- 7.3.6 SWOT Analysis
- 7.4 Herbalife International, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Regional Analysis
- 7.4.4 Recent strategies and developments:
- 7.4.4.1 Product Launches and Product Expansions:
- 7.5 Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Product Launches and Product Expansions:
- 7.5.2.2 Acquisition and Mergers:
- 7.5.3 SWOT Analysis
- 7.6 Pure Essence Labs
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 GNC Holdings, LLC (Harbin Pharmaceutical Group)
- 7.7.1 Company Overview
- 7.7.2 Recent strategies and developments:
- 7.7.2.1 Partnerships, Collaborations, and Agreements:
- 7.8 Pharmavite LLC (Otsuka Pharmaceutical Co., Ltd.)
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental & Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Geographical Expansions:
- 7.8.6 SWOT Analysis
- 7.9 The Clorox Company (Renew Life Formulas, LLC.)
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
- 7.9.5 SWOT Analysis
- 7.10. Swanson Health Products, Inc. (Swander Pace Capital)
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook