Global Herbal Supplement And Remedies Market Expected To Cross Over USD 169.7 BN By 2026
Posted On December 24, 2019
The report on the Global Herbal Supplement and Remedies Market states that the market had a value close to USD 106.9 BN in 2019 and is expected to touch USD 169.7 BN by 2026 with a CAGR of 8% within the forecasted period from 2020 to 2026. The shift in the preference of consumers towards herbal medications is the key driver driving the growth of the herbal supplements and remedies market. The increase in awareness for health, increasing ill-effects of allopathic medicine consumption, the growth in the rate of supplement consumption and rise in the count of the elderly population with chronic conditions is responsible for boosting the growth of the market. Besides, the high demand for plant-based products owing to no side effects is accountable for propelling the growth of the herbal supplement and remedies market globally. However, the risk of adulteration and delay in the recovery are the factors that hamper the growth of the global herbal supplement and remedies market.
Herbal supplements also referred to as botanicals are plant-derived dietary supplements that are consumed to improve health. They have drug-like effects. A herbal remedy is a medication that is prepared by mixing herbs with therapeutic properties to prevent or cure a medical condition. The increase in sales of the herbal-based product at a healthy rate owing to consumer preference towards such products and the growth in preference for plant-based products across the globe highlights the positive outlook of the market. Herbal supplements and remedies are sold in different forms namely dried leaves for teas, powdered, as capsules or tablets, or in solution. Echinacea is used to prevent cold. Ginkgo is used to improve memory. Flaxseed is used to lower cholesterol levels.
The report “Global Herbal Supplement And Remedies Market Report By Product (Garlic, Aloe Vera, Multi-Herbs, Soy, Ginkgo Biloba, Ginseng, Specialty Herbs And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026” covers the market growth, trends and forecasts and also gives a detailed outlook on the probable growth opportunities and the competitive landscape of the global herbal supplement and remedies market.
By product, garlic, aloe vera, multi-herbs, soy, Ginkgo biloba, ginseng and specialty herbs are the segments of the global herbal supplement and remedies market where multi-herbs have been listed as the leading segment as per the study.
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the regional segments over which the global herbal supplement and remedies market is analyzed over. Asia Pacific has been identified as the dominating segment in the study.
The Report Segments Global Herbal Supplement And Remedies Market -
- Aloe Vera
- Ginkgo Biloba
- Specialty Herbs
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Arizona Natural Products, ARKOPHARMA Laboratories Company Limited, Bio-Botanica, Inc., Bionorica SE, Blackmores Ltd., Gaia Herbs, LLC, Glanbia plc, Herb Pharm, LLC, Herbalife International of America, Inc, Hevert Arzneimittel GmbH & Co KG, Himalaya Drug Company and i-Health, Inc.
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