Herbal Supplements Market Set to Exceed $ 137.3 Billion by 2026 | CAGR: 10.8%
“Herbal Supplements Market size is anticipated to reach USD 137.3 billion by 2026 and is estimated to grow at a CAGR of 10.8% during 2018-2026 according to a new study published by Polaris Market Research�
Herbal Supplements Market Estimate & Forecast to 2026 The global Herbal Supplements Market size is anticipated to reach USD 137.3 billion by 2026 and is estimated to grow at a CAGR of 10.8% during 2018-2026 according to a new study published by Polaris Market Research. In 2017, the pharmaceutical segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global market revenues in 2017. The obese and geriatric population is increasing worldwide, promoting the growth of the herbal supplements. The sedentary lifestyle, increasing use of functional foods, and growing consumer awareness regarding preventive health care boost the overall market growth. Increasing disposable incomes in developing countries, rising awareness about health benefits of herbal supplements, and rising health disorders propel the growth of the herbal supplements industry. Sedentary lifestyle of consumers leading to lifestyle diseases, and increasing disposable income drives herbal supplements market growth. Health disorders such as diabetes, cardiovascular diseases, cancer and others have increased significantly in the developed economies in past few years. Increasing incidences of health disorders have resulted in increased awareness regarding healthy eating habits. Health and fitness consciousness has also increased among consumers in countries such as China and India due to improving lifestyle and changing food habits. Consumers are more aware regarding their nutritional intake, and benefits of herbal supplements, thereby accelerating the market growth for Herbal Supplements. Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved
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Herbal Supplements Market Scope
By Source •Leaves •Roots •Bark •Fruits & Vegetables •Others
By Functionality •Medicinal •Aromatic •Others
By Application •Food and Beverage •Pharmaceuticals •Personal Care •Others
By Distribution Channel •Offline Stores •Online Channels
By Region •North America (U.S., Canada) •Europe (Germany, UK, France, Italy, Spain, Netherlands) •Asia-Pacific (China, Japan, India, Singapore, Australia, Korea) •Latin America (Brazil, Mexico) •Middle East and Africa (UAE, Saudi Arabia, South Africa)
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Herbal Supplements Market Estimate & Forecast to 2026 North America generated the highest market share in terms of revenue in 2017 and is expected to lead the global market throughout the forecast period. The increasing obese population, initiatives and funding by governments to promote health consciousness, and lifestyle changes primarily drive the growth of this market. The number of memberships for health clubs and gyms has increased significantly promoting the growth of Herbal Supplements industry in the region. The increase in obesity related diseases such as diabetes and hypertension along with high disposable income of consumers further propel the adoption of herbal supplements. Access Research Report On Herbal Supplements market Size The well-known companies profiled in the Herbal Supplements report include Herbalife International of America, Inc., Ricola AG, Archer Daniels Midland Company, Nutraceutical International Corporation, BioBotanica Inc., Arizona Natural Products, Blackmores Ltd, The Himalaya Drug Company, Dr. Willmar Schwabe GmbH & Co. KG, and Rainbow Light Nutritional Systems. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved
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Herbal Supplements Market Size – By Application
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About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to e present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Â Web: www.polarismarketresearch.com Official Blog: https://healthcare-market-insights.blogspot.com/
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