Allied Market Research

2024

Herbal Supplements And Remedies Market

Herbal Supplements and Remedies Market Size, Share, Competitive Landscape and Trend Analysis Report by Source, by Function, by Dosage Form, by Application and by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

LS : Pharmaceuticals

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Author's: | Roshan Deshmukh
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Herbal supplements are extensively used for their medicinal properties and remedies for several diseases since decades. Many people across the globe switching toward herbal supplements due to its added health benefits. Herbal supplements are natural non-food substances and non-pharmaceuticals used to improve health. The herbal supplements are derived from plant materials and have little or no side effects. The demand for herbal supplements is on an increase due to their natural label, which attract the customers, who are health conscious and want to improve their health. Also, increased prices of dietary and medicinal products propel the growth of the global herbal supplements and remedies market.

Rapid increase in aging population, growth in consumption of health supplements, emphasis on healthy living, and rise in trends toward preventive healthcare drive the market. The other factors, such as increase in demand for dietary supplements and side effects of allopathic drugs also fuel the market growth. However, stringency in regulatory policy for these herbal supplements and low acceptance of the product limit the growth of the market. Nevertheless, the introduction of current good manufacturing practices (CGMP) regulations by the U.S. FDA offers opportunities to the market players to research and develop novel dietary supplements.

This global market is segmented based on source into leaves, fruits & vegetables, barks, and roots. On the basis of function, the market is categorized into aroma and medicinal herbal supplements. Based on dosage form, the market is divided into powder, syrups, oils, and capsules & tablets. On the basis of application, the market is categorized into pharmaceuticals, food & beverages, and personal care. Based on distribution channel the market is categorized into online, retail stores and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in this market are Twinlab Corporation, Sundown Nutrition, DSM Nutritional Products Ltd., Martek Biosciences Corporation, Natures Aid, i-Health, Inc., Ricola AG, Nutraceutical Corporation, Bio-Botanica, Inc., ARKOPHARMA Pharmaceutical Laboratories, and The Himalaya Drug Company.

Key Benefits

  • The study provides an in-depth analysis of the global herbal supplements and remedies market along with current trends and future estimations to elucidate the imminent investment pockets.
  • It presents a quantitative analysis to enable the stakeholders to capitalize on the prevailing market opportunities.
  • Extensive analysis of the market by product assists to understand the various forms of autoimmune disease diagnostic available.
  • Key players are profiled and their strategies are analyzed thoroughly to predict the competitive outlook of the market.

Herbal Supplements and Remedies Market Report Highlights

Aspects Details
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By Source
  • Leaves
  • Fruits and Vegetables
  • Barks
  • Roots
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By Function
  • Aroma
  • Medicinal
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By Dosage Form
  • Powder
  • Syrups
  • Oils
  • Capsules andTablets
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By Application
  • Pharmaceuticals
  • Food and Beverages
  • Personal care
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By Distribution Channel
  • Online
  • Retail Stores
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Ricola AG, ARKOPHARMA Pharmaceutical Laboratories, i-Health, Inc., Twinlab Corporation, Sundown Nutrition, Bio-Botanica, Inc., Nutraceutical Corporation, Natures Aid, DSM Nutritional Products Ltd, Martek Biosciences Corporation

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Herbal Supplements and Remedies Market

Global Opportunity Analysis and Industry Forecast, 2023-2032