Report Code: A15177 | Pages: NA | Mar 2023 | 885 Views | ||
Author(s) : Roshan D | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Herbal Supplements Market
Request Now !Herbal supplements are organic dietary additives that are derived from natural raw materials such as moringa, turmeric, ginger, echinacea, cohosh, and flaxseeds, among others. Tablets, powders, soft gels, liquid extracts, ointments, capsules, and other forms of supplements are the most common.Herbal supplements provide a wide range of medicinal characteristics due to their high content of minerals, amino acids, enzymes, and vitamins, all of which are necessary for human health. These supplements also have antiseptic, antibiotic, anti-depressant, and anti-inflammatory properties, as well as giving skin radiance and immune system support.Herbal supplements are commonly used by children, adults, and the elderly around the world because of their benefits.Consumer health concerns, combined with rise in expenditures on preventative healthcare goods, have boosted the market for herbal supplements in recent years.
COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Health Awareness among Consumers has Fueled Demand
The herbal supplement market is predicted to grow due to increased health and wellness spending and rising disposable income levels, particularly in emerging economies. Consumers in underdeveloped countries are increasingly preferring to buy health and wellness products over luxury goods. Herbal supplements aid in the maintenance of cholesterol levels, the regulation of the digestive system, and the reduction of stress. Furthermore, the expansion of the herbal supplement industry is fueled by a rise in demand for nutritional supplements and the negative effects of allopathic pharmaceuticals.
Growth in demand for supplements to promote preventive health measures, as well as rising per capita disposable income in emerging nations, are driving global market expansion. Herbal supplements aid in cholesterol management, digestive system regulation, and stress reduction. These advantages are widely advertised by industry actors, resulting in increased sales of herbal supplements around the world.
High Demand for Turmeric Supplements
Turmeric has a wide range of health advantages. Customers nowadays are looking for turmeric that has certain health benefits. In the herbal supplement market, market players will invest in turmeric goods that would aid in the cure of a specific condition rather than generic turmeric products. This is expected to drive the market growth for herbal supplement market
Over the projection period, the turmeric supplement segment is predicted to grow at the quickest rate of 8.1 percent. The growing importance of turmeric for therapeutic applications, as well as significant clinical studies confirming the efficiency of turmeric supplements, is propelling the industry forward.Turmeric can also help with hyperlipidemia, anxiety, metabolic syndrome, as well as inflammatory and oxidative disorders. Major corporations are investing more in R&D for the creation of turmeric supplements due to the numerous therapeutic qualities of turmeric.
Key Benefits of the Report
Questions Answered in the Herbal Supplements Market Research Report
Herbal Supplements Market Report Highlights
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Key Market Players | Arizona Natural Products, The Archer Daniels Midland Company, Twinlab Corporation, Blackmores Ltd., Glanbia, Plc, Herb Pharm, LLC., Herbalife International of America, Inc., Gaia Herbs, DSM Nutritional Products AG, Naturalife Asia Co., Ltd., Nature’s Bounty Co., Nutraceutical International Corporation, Dr. Willmar Schwabe GmbH & Co. KG, Rainbow Light Nutritional Systems, Inc., Ricola AG, The Himalaya Drug Company, Bio-Botanica Inc |
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