According to the market research report “Herbal Supplements Market : By Formulation (Tablets, Syrups, Oils, Powders) Application (Agricultural, Pharmaceuticals, Dietary Supplements, Food & Beverages, Cosmetics, Animal Feed) Age Group (Infants, Children, Adolescent, Adults, Old Age Adults)-Forecast(2016-2021)”, published by IndustryARC, estimates sustain quality probiotic products on a global scale.
Millions of herbal vitamins and dietary supplements hoping to achieve good health ease our illness or defy ageing. Recent years have been a massive boom in supplements use as products that were once the preserve of health food stores has become available alongside our groceries in the supermarket.
Herbal supplements, however with the huge range of vitamin diet is now available makes the area something of minefield for consumers. Since ancient times, plants have been valued for their medical properties and, many cultures still rely on plants as their major source of natural remedies. Many cultures including our own, have a rich history of plant based medicine. Often you hear the terms phytomedicine, complementary medicine, alternative medicinal plants as well as whole plant forms have been used to soothe and to heal a wide variety of ailments. Recently herbs have been used to protect against chronic disease.
Scope & Regional Forecast of the Herbal Supplements Market
The importance of healthy diet and good lifestyle is dominated the minds of consumers which could not be dampened even by the financial meltdown witnessed in almost every sector worldwide. In fact, the recession has actually prompted increased preference for dietary supplements. The increasing prices tighter budgets and high healthcare and lifestyle costs, have essentially driven consumers towards the more economical and, healthier and safer option of multiple vitamins for alternative medicine and vitamin supplements to get relief from physical and mental disorders.
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The prominent factors benefitting growth in the market include growing popularity of multi-herbs in enhancing the functioning of the cardiovascular, immunity, digestive and reproductive systems besides boosting body vitality and correcting sleep disorders, and surging demand for herbs such as soy that aid weight loss. A major trend engulfing the marketplace is the rising demand for natural health products. Fish oils, herbs supplements and other natural offerings such as probiotic acidophilus and detoxes are emerging as alternatives to conventional synthetic supplement.
North America represents the largest market worldwide. Asia-Pacific is poised to emerge as the fastest growth market with a particular consistent rate for the prior analysis period of 2021. The region’s cultural affinity to herbalism and strong consumer confidence is the efficacy and safety of herbal ingredients. Countries such as China and India provide a fertile environment for the growth of modern herbalism in the region. This is turning around with widespread acceptance of functional foods, supplier innovations for dietary supplements by FDA.
Segmentations & Key Players Involved in the Herbal Supplements Market
The Herbal Supplements Market can be broken down into various segmentations on the basis of –
Application: Agriculture, Pharmaceuticals, Dietary Supplements, Food and Beverages, Animal Feed, Cosmetics and Others
Formulation: Tablets, Syrups, Oils, Powder and Others
Geography: North America, Europe, Asia-Pacific, South America and Rest of the World
Some of the key players involved in the Herbal Supplements Market are as follows:
Natures Herbs (Canada)
Nutraceutical International Corporation (U.S.)
Arkopharma SA (France)
Arizona Natural Products, Inc. (U.S.)
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