The ‘Global Herbal Food Supplements Market Size, Share, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global herbal food supplements market, assessing the market on the basis of its segments like products, distribution channels, and major regions.
Herbal Food Supplements Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Over USD 6.4 Billion
- Forecast CAGR (2023-2028): 6.50%
Supplements made from natural products, including leaves, fruits, roots, and herbs have high nutritional content and minimal side effects. They also boost immune health, are available without a prescription, and are cost-effective. In addition, supplements made from chamomile, turmeric, peppermint, and honey, among others, are known to offer health and wellness benefits.
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Sales of herbal food supplements via online channels are significantly increasing due to their ease of product comparison and purchase. A wide range of herbal food supplements is available on e-commerce platforms at attractive discounts and rapid delivery. Such benefits, coupled with the increasing accessibility to high-speed internet, especially in emerging economies, are positively influencing the herbal food supplements market.
Herbal Food Supplements Industry Definition and Major Segments
Herbal food supplements refer to products that are derived from different components of plants. They boast excellent nutritional profiles and are consumed to enhance overall health and treat various medical conditions. Herbal food supplements are typically available in the form of powders, liquids, or capsules.
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The market, on the basis of product, is categorised into:
- Turmeric
- Wheat/Barley Grass
- Flax Seed/Oil
- Aloe
- Others
Based on distribution channel, the market is divided into:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online
- Speciality Stores
- Others
The major regional markets of herbal food supplements include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
There is a rising use of aloe supplements to treat digestive issues, including constipation and gastritis. Due to their excellent nutrition profile, aloe supplements are also known to relieve the symptoms of heartburn and treat irritable bowel syndrome. Moreover, aloe vera is rich in magnesium, which is boosting the demand for its supplement for regulating blood pressure and improving heart health.
Some of the major herbal food supplements market trends include the surging health-consciousness, increasing incidences of health issues, and the rising demand for natural food products. The rising trend of health and wellness, the growing geriatric population, and the surging focus on preventative healthcare are also driving the demand for herbal food supplements.
Key Market Players
The major players in the herbal food supplements market report are Ricola AG, The Himalaya Drug Company, Gaia Herbs, Twinlab Corporation, DSM Nutritional Products AG, Willmar Schwabe GmbH and Co. KG, and Bio-Botanica Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
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