Keen Insight for Herbal Supplements and Remedies Market - Global Forecast to 2026
Herbal Supplements and Remedies
Herbal supplements and remedies, sometimes referred to as botanicals, have many active constituents, which are natural way of providing support for overall health and well-being. Also, they can have drug-like effects. Echinacea is used to prevent cold. Ginkgo is used to improve memory. Flaxseed is used to lower cholesterol level. The list of herbal supplements and remedies goes on and on. Herbal supplements and remedies including health care products and finished herbal products extracted from herbs. Herbal supplements and remedies are sold in many different forms – dried leaves for teas, powdered, as capsules or tablets, or in solution.
Market trend Snapshot
Global Herbal Supplements and Remedies market was valued at USD 6,963 million in 2019, and is proved to reach USD 9,603 million by 2026, growing at a CAGR of 4.7%. This report provides comprehensive and in-depth analysis and prediction of the Herbal Supplements and Remedies industry.
A shift in consumer preference towards herbal medication is the major driver of the herbal supplements and remedies market's growth. Increasing health awareness, the growing rate of supplement consumption and rising elderly population with a chronic condition is again boosting the market growth. Also, the high demand for plant-based products owing to no side effects is fueling the market growth.
Yet, 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.
In China, herbal has been used as medicine to cure people since thousands of years ago and they are good at curing chronic disease in comparison with the western medicine. Especially in recent years, resistance to drugs, toxic and side effects and other weaknesses of western medicine are more and more obvious, however herbal can solve these problems very well. But in Europe and North America, especially in the USA, herbal is not allowed to be sold as medicine but as health care products. However, it is researched that one in five people eat herbal supplements and remedies in the past five years in the USA. Consequently, the market for herbal supplements and remedies is promising and will have fast development in the next few years.
Base Year: 2018 | Estimated Year: 2019 | Forecast Period: 2019 to 2026
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Key Market Players Profile
Key market players covered in the report such as Schwabe (DE), Nature's Sunshine Products (US), NBTY(US), Nutraceutical (US), Ricola (CH), Madaus (DE), Weleda (CH), Tsumura (JP), Arkopharma (FR), DSMNL, etc.
North America holds the largest market share
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
In terms of production value, North America is the largest market with a proportion of 33%, followed by Asia-Pacific and Europe, accounting for 31% and 26% respectively. North America is the prime regional market for herbal supplements and remedies and contributes the highest share in the world market. Asia-Pacific is also another prominent market for herbal supplements on a global level. Soy and Specialty Herbs are estimated to exhibit high growth in the herbal supplements and remedies market.
Herbal Supplements and Remedies Type and Application Sketch
By type
• Mono-Herb Type
• Multi-Herb Type
By application
• Pharmaceutical Industry
• Health Care Industry
• Others
Herbal Supplements and Remedies Report provides
ü Potential opportunities and challenges in Herbal Supplements And Remedies market
ü Current and future market outlook in the developed and emerging markets
ü Detailed analysis of the segment that is expected to dominate the market
ü Regions that are expected to witness the fastest growth during the forecast period
ü Identify the latest developments, market shares, and strategies employed by the major market players
ü Comprehensive & in-depth research and after-sales warranty by GlobalMarketMonitor
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Herbal Supplements And Remedies Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Herbal Supplements And Remedies Market by Types
4 Segmentation of Herbal Supplements And Remedies Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Herbal Supplements And Remedies Market in Major Countries
7 North America Herbal Supplements And Remedies Landscape Analysis
8 Europe Herbal Supplements And Remedies Landscape Analysis
9 Asia Pacific Herbal Supplements And Remedies Landscape Analysis
10 Latin America, Middle East & Africa Herbal Supplements And Remedies Landscape Analysis
11 Major Players Profile
11.1 Schwabe(DE)
11.1.1 Schwabe(DE) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Nature's Sunshine Products(US)
11.3 NBTY(US)
11.4 Nutraceutical(US)
11.5 Ricola(CH)
11.6 Madaus(DE)
11.7 Weleda(CH)
11.8 Tsumura(JP)
11.9 Arkopharma(FR)
11.10 DSMNL
…
Target Audience:
• Herbal Supplements And Remedies manufacturers
• Raw material suppliers of Herbal Supplements And Remedies
• Distributors and resellers of Herbal Supplements And Remedies
• Herbal Supplements And Remedies industry associations
• Product managers, Herbal Supplements And Remedies industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Healthcare Organization
• Research & Clinical Laboratories
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