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Herbal Supplement Market: Current Analysis and Forecast 2020-2026

Increasing adoption of herbal products by aging population and increasing incidence of lifestyle related diseases have contributed positively towards the growth of herbal supplements. In addition, changing lifestyle and standards of living, and unhealthy eating habits such as fast food and meals-on-the-go are some other factors driving growth of the global herbal supplements market.

April 2020 | Food and Beverages

Increasing adoption of herbal products by aging population and increasing incidence of lifestyle related diseases have contributed positively towards the growth of herbal supplements. In addition, changing lifestyle and standards of living, and unhealthy eating habits such as fast food and meals-on-the-go are some other factors driving growth of the global herbal supplements market. Increasing demand for dietary herbal supplements among working and pregnant women is another factor expected to drive growth of the global herbal supplements market. Growing popularity of multi-herbs and concerns relating to side-effects of allopathic drugs is further fueling growth of the global herbal supplements market. Furthermore, American ginseng may be taken to reduce stress, boost the immune system, improve digestion, and more. German chamomile may be taken to improve sleep quality, reduce anxiety, and help gastrointestinal conditions. Cinnamon may be used to treat gastrointestinal problems, loss of appetite, and diabetes.
Based on source, the herbal supplements market is classified into leaves, roots, bark and seeds. It has been observed that herbal supplements were maximum derived from roots in 2019. Based on application, the market is classified into food& beverages, pharmaceuticals and personal care. It has been observed that pharmaceuticals have significantly gained prominence due to herbs and supplements being used for thousands of years to treat both acute and chronic illnesses and other conditions thereby giving rise to concept of natural medicine. Based on end use, the market is segmented into adult women, adult men, pediatric and baby boomers. Adult women accounted for the highest revenue share during the period. Based on formulations, the market is categorized into tablets, capsules, liquid, powder and granules. Based on distribution channel, market is categorized into herbal stores, drug stores, hypermarkets/supermarkets and online channels.
For better understanding of the market penetration of 3D Camera technology, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Mexico and the Rest of North America), Europe (Germany, France, U.K., Russia, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia and the Rest of Asia-Pacific) and Rest of the World. Asia Pacific constitutes a major consumer market for herbal supplements. Increasing health awareness in respect to diet, growing mental disorders, and surging sedentary lifestyles has tremendously bolstered the Asia Pacific herbal supplements market.
Some of the major players operating in the market include Jarrow Formulas, Inc., Solgar Inc., Herbalife International of America, Inc., Ricola AG, Bio-Botanica Inc., Blackmores Ltd, Himalaya Drug Company, Rainbow Light Nutritional Systems, Arizona Natural Products, Willmar Schwabe GmbH & Co. KG


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