The global demand for Herbal Nutraceuticals Market is presumed to reach the market size of nearly USD 138.24 BN by 2030 from USD 66.88 BN in 2022 with a CAGR of 9.5% under the study period 2023 - 2030.
Herbal nutraceuticals are dietary supplements or products derived from plant-based sources that are intended to provide nutritional and health benefits. They combine the principles of herbal medicine and nutraceuticals, which are bioactive compounds with potential health benefits. These are typically made from various parts of plants, including leaves, stems, roots, flowers, or fruits. These plant-based ingredients contain bioactive compounds such as phytochemicals, antioxidants, vitamins, minerals, and other nutrients that are believed to have positive effects on human health.
Market Dynamics
There is an increasing awareness and interest among consumers in natural health solutions, leading them to seek herbal nutraceuticals derived from plant sources as alternatives to conventional pharmaceuticals. The rising demand for dietary supplements, driven by health consciousness and preventive healthcare, is also fueling the market. The trend towards personalized nutrition further drives the demand for tailored products that cater to individual needs. Additionally, the cultural and traditional significance of herbal nutraceuticals, along with their long history of use in systems like Ayurveda and TCM, contributes to their continued demand. The growing scientific research and validation of herbal nutraceuticals, as well as favourable regulatory environments, provide consumer confidence and support market growth. The availability of e-commerce platforms and digital marketing has made it more accessible and visible to consumers. Finally, the increasing global expenditure on health and wellness, driven by disposable incomes and the focus on well-being, adds to its demand.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of herbal nutraceuticals. The growth and trends of herbal nutraceuticals industry provide a holistic approach to this study.
Market Segmentation
This section of the herbal nutraceuticals market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Dietary Supplements
- Functional Foods
- Natural Health Products
By Ingredient Type
- Ginseng
- Echinacea
- Garlic
- Turmeric
By Form
- Tablets
- Capsules
- Liquid
- Powder
By Distribution Channel
- E-Commerce
- Health Stores
- Supermarkets
- Pharmacies
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Herbal Nutraceuticals market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Herbal Nutraceuticals Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Herbal Nutraceuticals market include Archer Daniels Midland Company, The Himalaya Drug Company, DSM Nutritional Products, Glanbia PLC, Amway Corporation, Nature’s Bounty Co., Blackmores Limited, Nutraceutical International Corporation, Bio-Botanica, Inc., Nature’s Sunshine Products, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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