The global herbal supplements market is anticipated to grow at a CAGR of 8.9% during the forecast period. Herbal supplements as alternative and complementary medicines continue to gain popularity as consumer health products. Approximately 80% of the world’s population depends on them for some form of primary healthcare. The growing awareness regarding herbal supplements owing to the health benefits offered them is one of the prominent factors rising their popularity among the health-conscious population. During the pandemic period, the demand and consumption of herbal supplements have increased, as consumers and affected patients had been advised by the governments and health bodies to use various herbal supplements for better immunity. Consumers were opting for herbal supplements owing to their high health benefits and lesser side effects owing to this fact, the market witnessed exponential growth at the time of the COVID-19 pandemic. Herbal supplement such as Ashwagandha has gained immense popularity as it is used for treating a variety of health conditions such as cancer, diabetes, and others. The high demand for ashwagandha for herbal supplement manufacturing owing to its nutritional and health benefits, from the pharmaceutical industry is expected to drive the growth of the market.

Apart from these, the increasing investment in research development by players operating in the herbal supplement market to develop new herbal supplement products to fulfill the increasing demand by consumers in different categories is expected to create new growth opportunities. The market players are focusing on collaborating with other players to expand product offerings in the global market. For instance, in March 2021, to expand its reach, Gaia Herbs partnered with the esteemed German herbal products company SALUS Hau. Through this partnership, natural herbal products brand Gaia Herbs became the exclusive U.S. distributor of the Salus brand’s complete line of high-quality herbal products and dietary supplements, which are marketed under the name Floradix.

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Market Coverage

Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Herbal Supplements Market Segmentation

By Source

Leaves
Barks
Fruits & Vegetables
Roots
Others

Herbal Supplements Market by Form 

Tablets & Capsules
Liquid & Soft Gels
Powder & Granules

Herbal Supplements Market by Application

Pharmaceuticals
Food & Beverage
Personal Care

Herbal Supplements Market by Distribution Channel

Store-Based Retailing
Hypermarkets/Supermarkets
Convenience Stores
Online

A full report of Herbal Supplements Market available @ https://www.omrglobal.com/industry-reports/herbal-supplements-market

Regional Analysis

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Company Profiles     

Ancient Greenfields Pvt. Ltd.
Archer Daniels Midland Co.
Arizona Natural Products
Axys Nutrition Products Pvt. Ltd.
Bio-Botanica Inc.
Blackmores Ltd.
Gaia Herbs, Inc.
Glanbia PLC
Healthy Origins USA
Herbalife International of America, Inc.
Herbochem
Jarrow Formulas, Inc.
Natural Organics, Inc.
NaturaLife Asia Co., Ltd.
Nature's Bounty
NOW Health Group Inc.
NUTRAMARKS, INC.
Ricola, Ltd.
Solgar, Inc.
Swanson Health Products
The Nature’s Bounty Co.
Third Coast Herb Co.

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