27-Jul-2021 | Zion Market Research
The global Herbal Supplement market accounted for USD 71.2 Billion in 2020 and is expected to reach USD 125.7 Billion by 2028, growing at a CAGR of around 6.9% between 2021 and 2028.
The report covers forecast and analysis for the Herbal Supplement market on a global and regional level. The study provides historic data of 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Herbal Supplement market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Herbal Supplement market on a global level.
This report offers comprehensive coverage on global Herbal Supplement market along with, market trends, drivers, and restraints of Herbal Supplement market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Herbal Supplement market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global Herbal Supplement market. Asia-Pacific is anticipated to remain the leading region over the forecast period. Huge adoption rate of traditional medicine for the management of a number of diseases in this region is one of the key reasons fueling growth of the market. In addition to this, presence of large geriatric population base coupled with growing exports of herbal products boosts the market growth. India and China are the key exporters of herbal supplements.
The study offers a vital outlook on the Herbal Supplement market by designating the market based on source, application, function, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. Key source covered under this study include barks, leaves, roots, and fruits & vegetables. Based on application, the global herbal supplement market is segmented into food & beverages, pharmaceuticals, and personal care. Based on the function, the global herbal supplement market is bifurcated into aroma and medicinal. The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Furthermore, these major regions are bifurcated into major countries such as U.S., Canada, Mexico, Poland, Russia, UK, France, Germany, China, Japan, India, South Korea, ASEAN, Brazil, and Argentina.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Arizona Natural Products, Archer Daniels Midland Company, Blackmores, Bio-Botanica Inc., Herbalife International of America Inc., Glanbia PLC, Nutraceutical International Corporation, Naturalife Asia Co. Ltd., the Nature's Bounty Co., and Ricola. amongst others.
Browse the full “Herbal Supplement Market by Source (Leaves, Barks, Fruits & vegetables, and Roots), Application (Pharmaceuticals, Food & beverages, and Personal care), By Function (Medicinal and Aroma): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/herbal-supplement-market
The report segments the Herbal Supplement Market into:
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