Report Description

Global herbal supplements market is projected to reach USD 89 Billion by 2028, growing at a CAGR of over 5% during 2024-2028 owing to growing demand for herbal products in medicines, food & beverage, and cosmetics, growing pharmaceutical industry and growing demand for dietary supplements.

Based on form, the market has been segmented into capsules & tablets, syrups, powder, oils and others. Capsules & tablets segment dominated the market in 2022 and the segment is expected to maintain its dominance over the next five years as well due to growing pharmaceutical industry and consumer preference for tablets & capsules due to ease in consumption.

Based on application, the pharmaceutical segmented holds the largest market share due to increasing efficiency in research & development initiatives by manufacturers. Regionally, the herbal supplements market in APAC region is anticipated to grow at the highest CAGR during 2024-2028 due to consumer trust on the safety and efficacy of herbal products.

Some of the leading players in the global herbal supplements market are Glanbia PLC, Archer Daniels Midland Company, Nutraceutical International Corporation, Herbalife International of America Inc., Blackmores Limited, Ricola AG, Bio-Botanica Inc., Nbty Inc., Arizona Natural Products, Naturalife Asia Co., Ltd. among others.

Objective of the Study:

  • To analyse and forecast the market size of Herbal Supplements Market, in terms of value and volume.
  • To classify and forecast Global Herbal Supplements Market based on source, application, form, function and regional distribution.
  • To identify drivers and challenges for Global Herbal Supplements Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global Herbal Supplements Market.
  • To conduct the pricing analysis for Herbal Supplements Market.
  • To identify and analyse the profile of leading players involved in the manufacturing of Global Herbal Supplements Market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration manufacturers across the globe.

TechSci Research calculated the market size of Global Herbal Supplements Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

  • Food supplements manufacturers
  • Herbal supplements manufacturers
  • Wholesalers
  • Traders, Distributors, and Suppliers
  • Industry associations and experts
  • Research organizations and consulting companies.
  • Research Institutes
  • Industry associations
  • Market research and consulting firm.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2022

Historical Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Source

·         Application

·         Form

·         Function

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia;

Key companies profiled

Glanbia PLC, Archer Daniels Midland Company, Nutraceutical International Corporation, Herbalife International of America Inc., Blackmores Limited, Ricola AG, Bio-Botanica Inc., Nbty Inc., Arizona Natural Products, Naturalife Asia Co., Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Herbal Supplements Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Herbal Supplements Market, By Source:
    • Leaves
    • Fruits & Vegetables
    • Barks
    • Roots
    • Others
  • Global Herbal Supplements Market, By Application:
    • Pharmaceuticals
    • Personal Care
    • Food & Beverages
    • Others
  • Global Herbal Supplements Market, By Form:
    • Capsules & Tablets
    • Syrups
    • Powder
    • Oils
    • Others
  • Global Herbal Supplements Market, By Function:
    • Medicinal
    • Aroma
    • Others
  • Global Herbal Supplements Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • South Korea
      • Australia
      • Singapore
      • Malaysia
    • Europe & CIS
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Qatar

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global Herbal Supplements Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Herbal Supplements Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Product Pricing

5.3.  Brand Awareness

5.4.  Brand Recall

5.5.  Challenges & Unmet Needs

5.6.  Factors Influencing the Purchase Decision

6.    Global Herbal Supplements Market Overview 

7.    Global Herbal Supplements Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Source (Leaves, Fruits & Vegetables, Barks, Roots and Others)

7.2.2.     By Application (Pharmaceuticals, Personal Care, Food & Beverages and Others)

7.2.3.     By Form (Capsules & Tablets, Syrups, Powder, Oils and Others)

7.2.4.     By Function (Medicinal, Aroma and Others)

7.2.5.     By Region

7.2.6.     By Company (2022)

7.3.  Market Attractiveness Index

8.    Asia-Pacific Herbal Supplements Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Source

8.2.2.     By Form

8.2.3.     By Application

8.2.4.     By Country

8.3.  Market Attractiveness Index

8.4.  Asia-Pacific: Country Analysis

8.4.1.     China Herbal Supplements Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Source

8.4.1.2.2.             By Application

8.4.1.3.         Market Attractiveness Index

8.4.2.     India Herbal Supplements Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Source

8.4.2.2.2.             By Application

8.4.2.3.         Market Attractiveness Index

8.4.3.     Japan Herbal Supplements Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Source

8.4.3.2.2.             By Application

8.4.3.3.         Market Attractiveness Index

8.4.4.     South Korea Herbal Supplements Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Source

8.4.4.2.2.             By Application

8.4.4.3.         Market Attractiveness Index

8.4.5.     Australia Herbal Supplements Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Source

8.4.5.2.2.             By Application

8.4.5.3.         Market Attractiveness Index

8.4.6.     Singapore Herbal Supplements Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Source

8.4.6.2.2.             By Application

8.4.6.3.         Market Attractiveness Index

8.4.7.     Malaysia Herbal Supplements Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Source

8.4.7.2.2.             By Application

8.4.7.3.         Market Attractiveness Index

9.    Europe & CIS Herbal Supplements Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Source

9.2.2.     By Form

9.2.3.     By Application

9.2.4.     By Country

9.3.  Market Attractiveness Index

9.4.  Europe: Country Analysis

9.4.1.     France Herbal Supplements Market Outlook

9.4.1.1.         Market Size & Forecast

9.4.1.1.1.             By Value & Volume

9.4.1.2.         Market Share & Forecast

9.4.1.2.1.             By Source

9.4.1.2.2.             By Application

9.4.1.3.         Market Attractiveness Index

9.4.2.     Germany Herbal Supplements Market Outlook

9.4.2.1.         Market Size & Forecast

9.4.2.1.1.             By Value & Volume

9.4.2.2.         Market Share & Forecast

9.4.2.2.1.             By Source

9.4.2.2.2.             By Application

9.4.2.3.         Market Attractiveness Index

9.4.3.     United Kingdom Herbal Supplements Market Outlook

9.4.3.1.         Market Size & Forecast

9.4.3.1.1.             By Value & Volume

9.4.3.2.         Market Share & Forecast

9.4.3.2.1.             By Source

9.4.3.2.2.             By Application

9.4.3.3.         Market Attractiveness Index

9.4.4.     Italy Herbal Supplements Market Outlook

9.4.4.1.         Market Size & Forecast

9.4.4.1.1.             By Value & Volume

9.4.4.2.         Market Share & Forecast

9.4.4.2.1.             By Source

9.4.4.2.2.             By Application

9.4.4.3.         Market Attractiveness Index

9.4.5.     Spain Herbal Supplements Market Outlook

9.4.5.1.         Market Size & Forecast

9.4.5.1.1.             By Value & Volume

9.4.5.2.         Market Share & Forecast

9.4.5.2.1.             By Source

9.4.5.2.2.             By Application

9.4.5.3.         Market Attractiveness Index

10.  North America Herbal Supplements Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Source

10.2.2.  By Form

10.2.3.  By Application

10.2.4.  By Country

10.3.              Market Attractiveness Index

10.4.              North America: Country Analysis

10.4.1.  United States Herbal Supplements Market Outlook

10.4.1.1.      Market Size & Forecast

10.4.1.1.1.           By Value & Volume

10.4.1.2.      Market Share & Forecast

10.4.1.2.1.           By Source

10.4.1.2.2.           By Application

10.4.1.3.      Market Attractiveness Index

10.4.2.  Mexico Herbal Supplements Market Outlook

10.4.2.1.      Market Size & Forecast

10.4.2.1.1.           By Value & Volume

10.4.2.2.      Market Share & Forecast

10.4.2.2.1.           By Source

10.4.2.2.2.           By Application

10.4.2.3.      Market Attractiveness Index

10.4.3.  Canada Herbal Supplements Market Outlook

10.4.3.1.      Market Size & Forecast

10.4.3.1.1.           By Value & Volume

10.4.3.2.      Market Share & Forecast

10.4.3.2.1.           By Source

10.4.3.2.2.           By Application

10.4.3.3.      Market Attractiveness Index

11.  South America Herbal Supplements Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Source

11.2.2.  By Form

11.2.3.  By Application

11.2.4.  By Country

11.3.              Market Attractiveness Index

11.3.1.  Brazil Herbal Supplements Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Source

11.3.1.2.2.           By Application

11.3.1.3.      Market Attractiveness Index

11.3.2.  Argentina Herbal Supplements Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Source

11.3.2.2.2.           By Application

11.3.2.3.      Market Attractiveness Index

11.3.3.  Colombia Herbal Supplements Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Source

11.3.3.2.2.           By Application

11.3.3.3.      Market Attractiveness Index

12.  Middle East and Africa Herbal Supplements Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Source

12.2.2.  By Form

12.2.3.  By Application

12.2.4.  By Country

12.3.              Market Attractiveness Index

12.4.              MEA: Country Analysis

12.4.1.  South Africa Herbal Supplements Market Outlook

12.4.1.1.      Market Size & Forecast

12.4.1.1.1.           By Value & Volume

12.4.1.2.      Market Share & Forecast

12.4.1.2.1.           By Source

12.4.1.2.2.           By Application

12.4.1.3.      Market Attractiveness Index

12.4.2.  Saudi Arabia Herbal Supplements Market Outlook

12.4.2.1.      Market Size & Forecast

12.4.2.1.1.           By Value & Volume

12.4.2.2.      Market Share & Forecast

12.4.2.2.1.           By Source

12.4.2.2.2.           By Application

12.4.2.3.      Market Attractiveness Index

12.4.3.  UAE Herbal Supplements Market Outlook

12.4.3.1.      Market Size & Forecast

12.4.3.1.1.           By Value & Volume

12.4.3.2.      Market Share & Forecast

12.4.3.2.1.           By Source

12.4.3.2.2.           By Application

12.4.3.3.      Market Attractiveness Index

12.4.4.  Qatar Herbal Supplements Market Outlook

12.4.4.1.      Market Size & Forecast

12.4.4.1.1.           By Value & Volume

12.4.4.2.      Market Share & Forecast

12.4.4.2.1.           By Source

12.4.4.2.2.           By Application

12.4.4.3.      Market Attractiveness Index

13.  Supply Chain Analysis

14.  Market Dynamics

14.1.              Drivers

14.2.              Challenges

15.  Market Trends & Developments

16.  Policy & Regulatory Landscape

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Company Profiles (Top 10 Companies)

17.2.1.  Glanbia PLC

17.2.2.  Archer Daniels Midland Company

17.2.3.  Nutraceutical International Corporation

17.2.4.  Herbalife International of America Inc.

17.2.5.  Blackmores Limited

17.2.6.  Ricola AG

17.2.7.  Bio-Botanica Inc.

17.2.8.  Nbty Inc.

17.2.9.  Arizona Natural Products

17.2.10.                Naturalife Asia Co.,Ltd.

18. Strategic Recommendation

Figures and Tables

Frequently asked questions

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Glanbia PLC, Archer Daniels Midland Company, Nutraceutical International Corporation, Herbalife International of America Inc., Blackmores Limited, Ricola AG, Bio-Botanica Inc., Nbty Inc., Arizona Natural Products, Naturalife Asia Co., Ltd. are the leading market players in the global herbal supplements market.

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Based on form, the market is divided into capsules & tablets, syrups, powder, oils, and others. Capsules & tablets are expected to dominate the market during the forecast period owing to the flourishing pharmaceutical industry and high demand from consumers worldwide.

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The rise in demand for dietary supplements, growing health-consciousness, and purchasing power of consumers are driving the demand for global herbal supplements market during the forecast period.

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The Asia-pacific region is dominating the market and is expected to maintain its dominance throughout the forecast period due to the growing expenditure capacity and awareness of consumers to buy herbal products.

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Sakshi Bajaal

Business Consultant
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