Online Segment Led the Herbal Food Supplements Market Until 2027
Rising consumer health concerns, increasing spending on
preventive healthcare products, high prevalence of lifestyle diseases such as diabetes
and obesity, and increasing global population is expected to drive the demand
for herbal food supplements during the forecast period.
According to TechSci
Research report, “Herbal Food Supplements Market – Global Industry
Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F”
Herbal food supplements are
natural products made from plants, and their oils, roots, seeds, berries, or
flowers are known as herbal supplements. Around the world, there are millions
of different species of herbs. Natural processing methods are used to create
herbal supplements instead of synthetic or chemical substances, which is the
main factor driving the market for herbal supplements globally.
Depending on the species,
herbal supplements have thousands of health advantages. For thousands of years,
people have used herbal plants and extracts for medicinal purposes. Owing to
the recent consumer preference for natural and organic products, there has been
a sharp rise in the demand for herbal ingredients worldwide.
The use of herbal
supplements in aromatherapy is widespread because they help to control stress,
maintain cholesterol levels, and regulate the nervous system. Moreover, as the
popularity of herbal medicines among consumers grows, herbal supplements are
becoming more and more popular among pharmaceutical companies.
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The global herbal food
supplements market is segmented based on the source, product, formulation, end
use, distribution channel, region, and competitive landscape. On the basis of
source, the global herbal food supplements market is segmented into fruits
& vegetables, leaves, roots and others. Among these, the leaves segment
dominated the global herbal food supplements market with the majority market
share in 2021. Herbal supplements are made using the medicinal properties
extracted from the leaves of herbal plants. Some of the typical leaf extracts
utilized in producing these supplements include ginkgo biloba and camellia sinensis
(green tea). The leaves market segment has expanded due to the demand for
herbal products in cosmetics, food and beverage, and medicine.
On the basis of formulation,
the global herbal food supplements market is segmented into capsules, liquids,
tablets, powders, and others. Among which, the capsules held the largest market
share in the global herbal food supplements market in 2021 owing to the
availability of numerous herbal supplements in various sizes based on dosage in
this form. The capsule formulation segment led the herbal food supplements
market in terms of the global share. As they are easier to swallow and cause
less Gastrointestinal (GI) upset, most consumers of herbal supplements prefer
capsules over tablets, according to Informa. Furthermore, herbal supplements
may include actual leaves, powdered roots, or extracts that are easily put into
capsules.
On the basis of end-use, the
global herbal food supplements market is segmented into pregnant females,
adult, pediatric, geriatric, and others. Among which, the adult segment held
the largest share in the global herbal food supplements market. A few of the
elements that contributed to this highest revenue share were consumers'
propensity for natural supplements, their high purchasing power, and their
expenditure on health and wellness products.
On the basis of distribution
channels, the global herbal food supplements market is segmented into supermarkets/hypermarkets,
departmental stores/grocery stores, convenience stores, online and others.
Among which, the online segment held the largest share in the global herbal
food supplements market. In order to attract customers, a number of online
retailers offer a wide range of herbal food supplement options at prices that
are lower than those found in traditional retail locations. Owing to their
affordability and ease of accessibility, online services have grown in both
developed and developing nations.
In terms of region, the
global herbal food supplements market is segmented into North America, Europe,
Asia Pacific, MEA, and South America. Among which, Europe held the largest
share in the global herbal food supplements market. Owing to a number of
factors, including increasing the acceptance of natural products in nations such
as Germany and France, the European market is predicted to expand. The
expansion of the industry is also being aided by the region's expanding
consumer health market.
Key Market Players in the
Herbal Food Supplements Market include:
-
Jarrow Formulas, Inc.
- Solgar, Inc.
- Nature's Bounty,
(NY) Inc.
- Ancient Greenfields Pvt.,
Ltd.
- Gaia Herbs, Inc.
- J.R. Simplot Company
- General Mills, Inc.
- Bio-Botanica, Inc.
- Herb Pharm, LLC
- NOW Health Group,
Inc.
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“As more people turn to organic foods
for their diets and general well-being and as the demand for essential herbal
supplements fills the cosmetics and personal care market, market participants
can anticipate lucrative opportunities. Participants in the market have been
inspired to experiment with formulations and develop skincare and hair care
products. Vital herbal supplements are now frequently used in creating cosmetic
goods that enhance hair and skin quality. Market participants can collaborate
with end users to guarantee a steady supply of essential herbal food
supplements, given the rapid replacement of ingredients in the fiercely
competitive cosmetic industry.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Herbal Food Supplements Market– Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By
Source (Fruits & Vegetables, Leaves, Roots, and Others, By Formulation
(Capsules, Liquid, Tablets, Powder, and Others (Soft Gels, Granules, etc.), By
End Use (Pregnant Females, Adult, Pediatric, Geriatric, and Others), By
Distribution Channel (Pharmacies and Drug Stores, Supermarkets and
Hypermarkets, Online and Others), By Region”, has evaluated the future growth potential of herbal
food supplements globally and provides statistics and information on
market structure, size, share, and future growth. The report provides
cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the global
herbal food supplements market.
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