HERBAL SUPPLEMENTS MARKET RESEARCH 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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HERBAL SUPPLEMENTS MARKET RESEARCH 2018 Herbal Supplements Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
Herbal Supplements Market is projected to grow significantly during the forecast period. Often used to correct any nutritional deficiencies, herbal supplements are increasingly being used for various other functions such as anti-aging, performance enhancement, etc. Natural herbal supplements are also gaining popularity as therapeutic solutions. The aforementioned, are some key factors that have been identified as growth motivators. Market restraints include stringent regulations and policies by relevant government authorities are expected to hamper growth. Additionally, high product price points and the presence of bogus herbal supplement manufacturers will further restrain growth in the market. However, the effective nature of good quality herbal supplements has proven to be successfully in supporting treatment of lifestyle diseases like diabetes and growing demand for natural products is expected to favor growth patterns as opposed to the aforementioned market restraints.
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HERBAL SUPPLEMENTS MARKET RESEARCH 2018
Intended Audience: •
Herbal Supplements manufacturers
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Pharmaceutical Industry
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Agriculture Industry
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Retailers and wholesalers
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Traders, importers and exporters
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HERBAL SUPPLEMENTS MARKET RESEARCH 2018 Regional Analysis The herbal supplement market is further segmented on basis of region, including Europe, North America, Asia Pacific (APAC) and Rest of the World (ROW). According to MRFR’s market report, Asia Pacific currently dominates the global market. The region includes countries such as India and China which have a longstanding adoption of herbal ingredients due to prevalent culture. Chinese medicinal and ayurvedic ingredients from these countries have a rise in demand in recent years and China is one of the largest exporters of medicinal and wellness herbs to other parts of the world. Other key drivers of growth in this region include the existence of a significant female consumer base for this market and the rising demand for herbal supplements that provide beauty and anti-aging benefits. Europe closely follows the APAC market and is expected to continue steady growth, this is largely due to widespread consumer awareness and the ease of availability of herbal supplements. France, Germany and U.K are some European countries where herbal supplements are sold over the counter in most drugstores. North America is projected to be the fastest growing market for herbal supplements during the forecast period. In addition to following a similar growth patterns as Europe, this region includes countries such U.S and Canada, where there is a demand for herbal supplements of high quality.
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HERBAL SUPPLEMENTS MARKET RESEARCH 2018 Application & Major Players in this Research: Herbal Supplements Market Prominent Players:
Archer-Daniels-Midland Co. (U.S.), Herbalife International of America, Inc. (U.S.), Glanbia PLC (Ireland),
Ricola (Switzerland),
NBTY (U.S.), Blackmores Limited (Australia) and
Naturalife Asia Co., Ltd. (Seoul, Korea)
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