Herbal Supplements Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source (Leaves, Fruits & Vegetables, Barks, Roots and Others), By Application (Pharmaceuticals, Personal Care, Food & Beverages, Others), By Form (Capsules & Tablets, Syrups, Powder, Oils and Others), By Function (Medicinal, Aroma and Others), By Region and Competition, 2019-2029F
Global Herbal Supplements Market was valued at USD 86.75 billion in 2023 and is anticipated t%li%project steady growth in the forecast period with a CAGR of 9.23% through 2029. The global herbal supplements market has experienced significant growth over the past decade, driven by increasing consumer awareness about health and wellness, rising disposable incomes, and a growing preference for natural and organic products. Herbal supplements, derived from plants and herbs, are valued for their perceived health benefits and minimal side effects compared t%li%synthetic alternatives. The key drivers of this market is the shift towards preventive healthcare, with consumers seeking natural remedies t%li%maintain their well-being and address various health concerns. The rising prevalence of chronic diseases and lifestyle disorders has propelled demand for herbal supplements, as they are often perceived as safer alternatives t%li%pharmaceutical drugs.
The growing aging population worldwide has created a lucrative market for herbal supplements, as older adults seek products t%li%support healthy aging and manage age-related ailments such as joint pain, cognitive decline, and cardiovascular issues. In response t%li%evolving consumer preferences, manufacturers are innovating and diversifying their product offerings, introducing new formulations, and expanding their distribution channels. The stringent regulations and quality standards imposed by regulatory authorities are ensuring the safety and efficacy of herbal supplements, thereby bolstering consumer confidence and driving market growth. The global herbal supplements market is poised for continued expansion, fueled by factors such as increasing health consciousness, the growing trend towards natural remedies, and the expanding aging population. However, challenges such as regulatory complexities and quality control issues remain, requiring industry stakeholders t%li%navigate carefully t%li%sustain growth and meet consumer expectations.
Key Market Drivers
Increasing Consumer Awareness
Increasing consumer awareness plays a crucial role in driving the growth of the global herbal supplements market. As people become more conscious of their health and well-being, they are actively seeking out natural and holistic approaches t%li%address their health concerns. This heightened awareness stems from various sources, including access t%li%information through the internet, social media, and healthcare professionals. The internet has revolutionized the way consumers access health-related information, providing them with easy access t%li%a wealth of knowledge about herbal remedies, their benefits, and potential side effects. Social media platforms amplify this information, with influencers, bloggers, and health enthusiasts sharing their experiences and promoting the use of herbal supplements. The healthcare professionals, including doctors, naturopaths, and nutritionists, play a pivotal role in educating consumers about the benefits of herbal supplements.
As more healthcare providers recognize the potential of herbal remedies in complementing conventional treatments or addressing specific health issues, they are recommending these supplements t%li%their patients. The media coverage and news articles highlighting the efficacy and safety of herbal supplements contribute t%li%increasing consumer awareness. Positive testimonials and success stories further reinforce the perception that herbal supplements can provide tangible health benefits.
The growing trend towards transparency and sustainability in the healthcare industry has prompted manufacturers t%li%provide clear and accurate information about their products. Labels and packaging often include details about the ingredients, sourcing practices, and potential health benefits, empowering consumers t%li%make informed purchasing decisions. The increasing consumer awareness about the health benefits of herbal supplements is driving demand in the global market. As people seek alternatives t%li%conventional medicine and prioritize natural solutions, manufacturers and marketers must continue t%li%educate and inform consumers about the efficacy, safety, and proper usage of herbal supplements t%li%sustain this growth trajectory.
Growing awareness of health & health related problems
The growing awareness of health and health-related problems is a significant driver of the global herbal supplements market. As people become more conscious of the importance of maintaining their health and well-being, they are increasingly seeking out natural remedies and supplements t%li%address various health concerns. The primary reasons for this heightened awareness is the increasing prevalence of health-related problems worldwide. Chronic diseases such as obesity, diabetes, cardiovascular disorders, and autoimmune conditions are on the rise, prompting individuals t%li%explore alternative treatment options beyond conventional medicine. This growing burden of disease has underscored the need for preventive healthcare measures and complementary therapies, driving interest in herbal supplements. The access t%li%information has never been easier, thanks t%li%the proliferation of the internet and social media platforms. Consumers have unprecedented access t%li%a vast array of health-related content, including articles, blogs, forums, and social media discussions.
This wealth of information allows individuals t%li%educate themselves about different health conditions, symptoms, and treatment options, including the potential benefits of herbal supplements. The increasing focus on holistic health and wellness has contributed t%li%the growing awareness of herbal supplements. People are recognizing the interconnectedness of physical, mental, and emotional well-being and are seeking comprehensive approaches t%li%health that address the root causes of illness rather than just managing symptoms. Herbal supplements, with their natural ingredients and holistic approach t%li%health, align well with this wellness-oriented mindset. The rising interest in preventive healthcare and self-care practices has propelled the popularity of herbal supplements. Many individuals are proactively taking steps t%li%maintain their health and prevent future health problems, incorporating herbal supplements int%li%their daily routines as a way t%li%support their overall well-being.
Growing Prevalence of Chronic Diseases
The growing prevalence of chronic diseases worldwide is a significant driver of the global herbal supplements market. Chronic diseases, including conditions such as obesity, diabetes, cardiovascular diseases, arthritis, and respiratory disorders, are on the rise, posing significant health challenges and economic burdens globally. This increasing burden of chronic diseases has fueled the demand for alternative and complementary therapies, including herbal supplements. The reasons for the rising prevalence of chronic diseases is the changing lifestyles and dietary habits associated with urbanization, globalization, and sedentary lifestyles. Poor dietary choices, lack of physical activity, stress, and environmental factors contribute t%li%the development and exacerbation of chronic health conditions, driving individuals t%li%seek out natural solutions t%li%manage their health. Herbal supplements offer a natural and holistic approach t%li%managing chronic diseases, often providing relief from symptoms, improving overall health outcomes, and reducing the reliance on conventional medications with potential side effects. Many herbal ingredients have been traditionally used in various cultures for their therapeutic properties, and modern scientific research is increasingly validating their efficacy in managing chronic conditions.
The herbal supplements are often perceived as safer alternatives t%li%pharmaceutical drugs, with fewer adverse effects and a lower risk of dependency. This safety profile is particularly appealing t%li%individuals wh%li%may be concerned about the potential side effects of long-term medication use or wh%li%prefer natural remedies for their health concerns. The growing aging population contributes t%li%the prevalence of chronic diseases, as older adults are more susceptible t%li%age-related health issues such as arthritis, cognitive decline, and cardiovascular disorders. Herbal supplements that support healthy aging, boost immune function, and improve overall vitality are in high demand among this demographic. The growing prevalence of chronic diseases is driving the global herbal supplements market, as consumers seek out natural and effective solutions t%li%manage their health conditions and improve their quality of life. As awareness of the benefits of herbal supplements continues t%li%grow, the market is expected t%li%expand further, offering opportunities for innovation, product development, and market growth.
Key Market Challenges
Quality control issues present significant challenges in the global herbal supplements market, affecting consumer safety, product efficacy, and industry credibility. Ensuring the quality, purity, and consistency of herbal supplements is essential t%li%maintain consumer trust and comply with regulatory requirements. However, several factors contribute t%li%quality control challenges within the industry. The primary concerns is the variability in raw material sourcing and supply chain management. Herbal supplements often rely on botanical ingredients sourced from different regions worldwide, each with its own environmental conditions, growing practices, and quality standards. Ensuring the authenticity and purity of these raw materials can be challenging, especially when sourcing from multiple suppliers or when relying on wildcrafted plants. The extraction and manufacturing processes used t%li%produce herbal supplements can impact product quality and potency. Variations in extraction methods, solvent usage, and manufacturing techniques can result in inconsistent product formulations and concentrations of active compounds. Poor manufacturing practices, inadequate quality control measures, and contamination risks further compromise product quality and safety.
The quality control challenges extend t%li%product labeling and marketing practices. Misleading claims, inaccurate labeling, and adulteration with undisclosed ingredients are common issues that undermine consumer confidence and pose risks t%li%public health. Ensuring compliance with regulatory requirements and industry standards for labeling accuracy, ingredient authenticity, and product safety is essential t%li%address these concerns. T%li%address quality control issues, industry stakeholders must implement robust quality assurance systems throughout the supply chain, from raw material sourcing t%li%finished product distribution. This includes implementing stringent testing protocols, conducting regular audits of manufacturing facilities, and investing in advanced analytical techniques t%li%verify product authenticity and purity.
Collaboration with regulatory agencies, industry associations, and third-party certification bodies can als%li%help establish and enforce quality standards for herbal supplements. Increased transparency, accountability, and consumer education are essential t%li%promote trust and confidence in the safety and efficacy of herbal supplements in the global market. By addressing quality control issues, the herbal supplements industry can uphold its commitment t%li%consumer health and well-being while supporting sustainable growth and innovation.
Resistance t%li%Change
Resistance t%li%change poses a significant hurdle in the Global Herbal Supplements Market, affecting the seamless integration of innovative platforms int%li%healthcare ecosystems. Within healthcare organizations, the introduction of navigation platforms may be met with skepticism or reluctance from healthcare professionals, administrators, and even patients. Resistance often stems from ingrained practices, fear of disruption, or concerns about the learning curve associated with new technologies. Healthcare professionals, accustomed t%li%traditional methods, may be hesitant t%li%incorporate navigation platforms int%li%their workflows, viewing them as additional complexities rather than streamlined solutions.
Administrative staff may resist changes t%li%established processes, and patients may be cautious about sharing personal health information through digital channels. Overcoming this resistance requires comprehensive change management strategies, including education, training programs, and effective communication about the benefits and ease of use of healthcare navigation platforms. Demonstrating the positive impact on patient outcomes, workflow efficiency, and overall healthcare quality can help alleviate concerns and foster a more positive reception. Collaboration between platform developers, healthcare providers, and end-users is crucial in addressing resistance t%li%change and ensuring that healthcare navigation platforms become integral components of modern healthcare delivery, contributing t%li%improved patient experiences and outcomes.
Key Market Trends
Expansion of Product Offerings
The global herbal supplements market is experiencing a notable expansion of product offerings as manufacturers strive t%li%meet the diverse health needs and preferences of consumers. This expansion is driven by several factors, including shifting consumer demographics, increasing health awareness, and evolving trends in wellness and preventive healthcare. One prominent trend driving the expansion of product offerings is the growing demand for specialized formulations targeting specific health concerns and demographics. Manufacturers are introducing herbal supplements tailored t%li%address a wide range of health issues, including stress management, sleep support, digestive health, joint and bone health, cognitive function, and women's health. These specialized formulations often combine traditional botanical ingredients with modern scientific research t%li%create synergistic blends optimized for specific health outcomes. There is a rising interest in personalized nutrition and supplementation, driven by advances in technology and the growing understanding of individual health needs.
Companies are leveraging genetic testing, biomarkers, and lifestyle data t%li%develop personalized herbal supplements tailored t%li%individual genetic profiles, nutritional deficiencies, and health goals. This customization allows consumers t%li%optimize their supplement regimens based on their unique physiology and preferences. In addition t%li%specialized and personalized formulations, the expansion of product offerings in the herbal supplements market includes a diverse range of delivery formats and dosage forms. Beyond traditional capsules and tablets, consumers can now find herbal supplements in various forms such as powders, liquids, gummies, teas, and topical preparations. These innovative delivery formats offer convenience, versatility, and enhanced absorption, catering t%li%different consumer preferences and lifestyles. There is a growing trend towards herbal supplements that combine multiple ingredients or incorporate complementary health-promoting compounds such as probiotics, prebiotics, vitamins, minerals, and adaptogens. These multi-functional formulations offer comprehensive health benefits and synergistic effects, appealing t%li%consumers seeking holistic wellness solutions.
Rising Popularity of Traditional Medicine Systems
The rising popularity of traditional medicine systems, such as Ayurveda, Traditional Chinese Medicine (TCM), and herbalism, is significantly influencing the global herbal supplements market. These ancient healing traditions have gained widespread recognition and acceptance for their holistic approach t%li%health and wellness, emphasizing the use of natural remedies derived from medicinal plants and herbs. The key drivers behind the increasing popularity of traditional medicine systems is the growing disillusionment with conventional healthcare approaches, characterized by overreliance on pharmaceutical drugs and symptomatic treatment.
Many individuals are seeking alternative and complementary therapies that address the root causes of illness, promote overall well-being, and support the body's innate healing mechanisms. Traditional medicine systems offer a rich repository of botanical knowledge accumulated over centuries of empirical observation, experimentation, and practice. Consumers are drawn t%li%the time-tested efficacy and safety of herbal remedies used in traditional healing practices, viewing them as gentle yet potent solutions for various health conditions. The resurgence of interest in traditional medicine systems is als%li%fueled by cultural heritage and identity, as well as a desire t%li%reconnect with nature and ancestral wisdom. In regions where Ayurveda, TCM, or other traditional healing modalities have deep cultural roots, there is a strong sense of pride and reverence for indigenous medicinal plants and remedies.
The growing body of scientific research supporting the therapeutic properties of botanical ingredients used in traditional medicine systems has bolstered their credibility and acceptance within mainstream healthcare circles. Many herbal supplements derived from traditional medicinal plants have undergone rigorous scientific scrutiny, validating their efficacy in managing various health conditions and enhancing overall health outcomes. As a result of these factors, the global herbal supplements market is witnessing a surge in demand for products inspired by traditional medicine systems. Manufacturers are tapping int%li%this trend by incorporating traditional botanical ingredients, herbal formulations, and holistic wellness philosophies int%li%their product offerings, catering t%li%the diverse health needs and preferences of consumers worldwide.
Segmental Insights
Source Insights
Based on source, leaves segment dominated the Global Herbal Supplements Market in 2023. This is because leaves are abundant and easily accessible in nature, making them a cost-effective source of herbal ingredients for manufacturers. The leaves often contain high concentrations of bioactive compounds, including antioxidants, vitamins, and phytochemicals, which contribute t%li%their therapeutic properties and health benefits. Leaves are versatile and can be used in various forms, including dried leaves for teas, powdered extracts for capsules, and fresh leaves for topical preparations. This versatility allows for a wide range of formulations and delivery methods, catering t%li%different consumer preferences and health needs.
Application Insights
Based on application, Food & Beverages segment dominated the Global Herbal Supplements Market in 2023. This is due t%li%the increasing consumer preference for natural and functional ingredients in food and beverages. Herbal supplements are incorporated int%li%a wide range of food and beverage products, including teas, juices, energy drinks, functional snacks, and dietary supplements, catering t%li%diverse consumer preferences and lifestyles. The Food & Beverages sector offers a convenient and familiar consumption format for herbal supplements, making them more accessible and appealing t%li%a broader audience seeking holistic wellness solutions in their daily diet.
Regional Insights
Asia Pacific dominates the global herbal supplements market because the region has a rich history and cultural heritage of traditional medicine systems, such as Ayurveda in India, Traditional Chinese Medicine (TCM) in China, and Kamp%li%in Japan. These ancient healing traditions have been practiced for centuries and emphasize the use of herbal remedies derived from medicinal plants and herbs. As a result, there is a deep-rooted acceptance and trust in herbal supplements among consumers in the Asia Pacific region, driving robust demand. Asia Pacific is home t%li%a vast array of botanical biodiversity, with diverse ecosystems and climates supporting the growth of medicinal plants and herbs. This abundance of botanical resources provides a sustainable and cost-effective supply of raw materials for herbal supplement manufacturers, ensuring a steady flow of high-quality ingredients.
Key Market Players
In this report, the Global Herbal Supplements Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Herbal Supplements Market.
Available Customizations:
Global Herbal Supplements Market report with the given market data, Tech Sci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
The growing aging population worldwide has created a lucrative market for herbal supplements, as older adults seek products t%li%support healthy aging and manage age-related ailments such as joint pain, cognitive decline, and cardiovascular issues. In response t%li%evolving consumer preferences, manufacturers are innovating and diversifying their product offerings, introducing new formulations, and expanding their distribution channels. The stringent regulations and quality standards imposed by regulatory authorities are ensuring the safety and efficacy of herbal supplements, thereby bolstering consumer confidence and driving market growth. The global herbal supplements market is poised for continued expansion, fueled by factors such as increasing health consciousness, the growing trend towards natural remedies, and the expanding aging population. However, challenges such as regulatory complexities and quality control issues remain, requiring industry stakeholders t%li%navigate carefully t%li%sustain growth and meet consumer expectations.
Key Market Drivers
Increasing Consumer Awareness
Increasing consumer awareness plays a crucial role in driving the growth of the global herbal supplements market. As people become more conscious of their health and well-being, they are actively seeking out natural and holistic approaches t%li%address their health concerns. This heightened awareness stems from various sources, including access t%li%information through the internet, social media, and healthcare professionals. The internet has revolutionized the way consumers access health-related information, providing them with easy access t%li%a wealth of knowledge about herbal remedies, their benefits, and potential side effects. Social media platforms amplify this information, with influencers, bloggers, and health enthusiasts sharing their experiences and promoting the use of herbal supplements. The healthcare professionals, including doctors, naturopaths, and nutritionists, play a pivotal role in educating consumers about the benefits of herbal supplements.
As more healthcare providers recognize the potential of herbal remedies in complementing conventional treatments or addressing specific health issues, they are recommending these supplements t%li%their patients. The media coverage and news articles highlighting the efficacy and safety of herbal supplements contribute t%li%increasing consumer awareness. Positive testimonials and success stories further reinforce the perception that herbal supplements can provide tangible health benefits.
The growing trend towards transparency and sustainability in the healthcare industry has prompted manufacturers t%li%provide clear and accurate information about their products. Labels and packaging often include details about the ingredients, sourcing practices, and potential health benefits, empowering consumers t%li%make informed purchasing decisions. The increasing consumer awareness about the health benefits of herbal supplements is driving demand in the global market. As people seek alternatives t%li%conventional medicine and prioritize natural solutions, manufacturers and marketers must continue t%li%educate and inform consumers about the efficacy, safety, and proper usage of herbal supplements t%li%sustain this growth trajectory.
Growing awareness of health & health related problems
The growing awareness of health and health-related problems is a significant driver of the global herbal supplements market. As people become more conscious of the importance of maintaining their health and well-being, they are increasingly seeking out natural remedies and supplements t%li%address various health concerns. The primary reasons for this heightened awareness is the increasing prevalence of health-related problems worldwide. Chronic diseases such as obesity, diabetes, cardiovascular disorders, and autoimmune conditions are on the rise, prompting individuals t%li%explore alternative treatment options beyond conventional medicine. This growing burden of disease has underscored the need for preventive healthcare measures and complementary therapies, driving interest in herbal supplements. The access t%li%information has never been easier, thanks t%li%the proliferation of the internet and social media platforms. Consumers have unprecedented access t%li%a vast array of health-related content, including articles, blogs, forums, and social media discussions.
This wealth of information allows individuals t%li%educate themselves about different health conditions, symptoms, and treatment options, including the potential benefits of herbal supplements. The increasing focus on holistic health and wellness has contributed t%li%the growing awareness of herbal supplements. People are recognizing the interconnectedness of physical, mental, and emotional well-being and are seeking comprehensive approaches t%li%health that address the root causes of illness rather than just managing symptoms. Herbal supplements, with their natural ingredients and holistic approach t%li%health, align well with this wellness-oriented mindset. The rising interest in preventive healthcare and self-care practices has propelled the popularity of herbal supplements. Many individuals are proactively taking steps t%li%maintain their health and prevent future health problems, incorporating herbal supplements int%li%their daily routines as a way t%li%support their overall well-being.
Growing Prevalence of Chronic Diseases
The growing prevalence of chronic diseases worldwide is a significant driver of the global herbal supplements market. Chronic diseases, including conditions such as obesity, diabetes, cardiovascular diseases, arthritis, and respiratory disorders, are on the rise, posing significant health challenges and economic burdens globally. This increasing burden of chronic diseases has fueled the demand for alternative and complementary therapies, including herbal supplements. The reasons for the rising prevalence of chronic diseases is the changing lifestyles and dietary habits associated with urbanization, globalization, and sedentary lifestyles. Poor dietary choices, lack of physical activity, stress, and environmental factors contribute t%li%the development and exacerbation of chronic health conditions, driving individuals t%li%seek out natural solutions t%li%manage their health. Herbal supplements offer a natural and holistic approach t%li%managing chronic diseases, often providing relief from symptoms, improving overall health outcomes, and reducing the reliance on conventional medications with potential side effects. Many herbal ingredients have been traditionally used in various cultures for their therapeutic properties, and modern scientific research is increasingly validating their efficacy in managing chronic conditions.
The herbal supplements are often perceived as safer alternatives t%li%pharmaceutical drugs, with fewer adverse effects and a lower risk of dependency. This safety profile is particularly appealing t%li%individuals wh%li%may be concerned about the potential side effects of long-term medication use or wh%li%prefer natural remedies for their health concerns. The growing aging population contributes t%li%the prevalence of chronic diseases, as older adults are more susceptible t%li%age-related health issues such as arthritis, cognitive decline, and cardiovascular disorders. Herbal supplements that support healthy aging, boost immune function, and improve overall vitality are in high demand among this demographic. The growing prevalence of chronic diseases is driving the global herbal supplements market, as consumers seek out natural and effective solutions t%li%manage their health conditions and improve their quality of life. As awareness of the benefits of herbal supplements continues t%li%grow, the market is expected t%li%expand further, offering opportunities for innovation, product development, and market growth.
Key Market Challenges
Quality control issues present significant challenges in the global herbal supplements market, affecting consumer safety, product efficacy, and industry credibility. Ensuring the quality, purity, and consistency of herbal supplements is essential t%li%maintain consumer trust and comply with regulatory requirements. However, several factors contribute t%li%quality control challenges within the industry. The primary concerns is the variability in raw material sourcing and supply chain management. Herbal supplements often rely on botanical ingredients sourced from different regions worldwide, each with its own environmental conditions, growing practices, and quality standards. Ensuring the authenticity and purity of these raw materials can be challenging, especially when sourcing from multiple suppliers or when relying on wildcrafted plants. The extraction and manufacturing processes used t%li%produce herbal supplements can impact product quality and potency. Variations in extraction methods, solvent usage, and manufacturing techniques can result in inconsistent product formulations and concentrations of active compounds. Poor manufacturing practices, inadequate quality control measures, and contamination risks further compromise product quality and safety.
The quality control challenges extend t%li%product labeling and marketing practices. Misleading claims, inaccurate labeling, and adulteration with undisclosed ingredients are common issues that undermine consumer confidence and pose risks t%li%public health. Ensuring compliance with regulatory requirements and industry standards for labeling accuracy, ingredient authenticity, and product safety is essential t%li%address these concerns. T%li%address quality control issues, industry stakeholders must implement robust quality assurance systems throughout the supply chain, from raw material sourcing t%li%finished product distribution. This includes implementing stringent testing protocols, conducting regular audits of manufacturing facilities, and investing in advanced analytical techniques t%li%verify product authenticity and purity.
Collaboration with regulatory agencies, industry associations, and third-party certification bodies can als%li%help establish and enforce quality standards for herbal supplements. Increased transparency, accountability, and consumer education are essential t%li%promote trust and confidence in the safety and efficacy of herbal supplements in the global market. By addressing quality control issues, the herbal supplements industry can uphold its commitment t%li%consumer health and well-being while supporting sustainable growth and innovation.
Resistance t%li%Change
Resistance t%li%change poses a significant hurdle in the Global Herbal Supplements Market, affecting the seamless integration of innovative platforms int%li%healthcare ecosystems. Within healthcare organizations, the introduction of navigation platforms may be met with skepticism or reluctance from healthcare professionals, administrators, and even patients. Resistance often stems from ingrained practices, fear of disruption, or concerns about the learning curve associated with new technologies. Healthcare professionals, accustomed t%li%traditional methods, may be hesitant t%li%incorporate navigation platforms int%li%their workflows, viewing them as additional complexities rather than streamlined solutions.
Administrative staff may resist changes t%li%established processes, and patients may be cautious about sharing personal health information through digital channels. Overcoming this resistance requires comprehensive change management strategies, including education, training programs, and effective communication about the benefits and ease of use of healthcare navigation platforms. Demonstrating the positive impact on patient outcomes, workflow efficiency, and overall healthcare quality can help alleviate concerns and foster a more positive reception. Collaboration between platform developers, healthcare providers, and end-users is crucial in addressing resistance t%li%change and ensuring that healthcare navigation platforms become integral components of modern healthcare delivery, contributing t%li%improved patient experiences and outcomes.
Key Market Trends
Expansion of Product Offerings
The global herbal supplements market is experiencing a notable expansion of product offerings as manufacturers strive t%li%meet the diverse health needs and preferences of consumers. This expansion is driven by several factors, including shifting consumer demographics, increasing health awareness, and evolving trends in wellness and preventive healthcare. One prominent trend driving the expansion of product offerings is the growing demand for specialized formulations targeting specific health concerns and demographics. Manufacturers are introducing herbal supplements tailored t%li%address a wide range of health issues, including stress management, sleep support, digestive health, joint and bone health, cognitive function, and women's health. These specialized formulations often combine traditional botanical ingredients with modern scientific research t%li%create synergistic blends optimized for specific health outcomes. There is a rising interest in personalized nutrition and supplementation, driven by advances in technology and the growing understanding of individual health needs.
Companies are leveraging genetic testing, biomarkers, and lifestyle data t%li%develop personalized herbal supplements tailored t%li%individual genetic profiles, nutritional deficiencies, and health goals. This customization allows consumers t%li%optimize their supplement regimens based on their unique physiology and preferences. In addition t%li%specialized and personalized formulations, the expansion of product offerings in the herbal supplements market includes a diverse range of delivery formats and dosage forms. Beyond traditional capsules and tablets, consumers can now find herbal supplements in various forms such as powders, liquids, gummies, teas, and topical preparations. These innovative delivery formats offer convenience, versatility, and enhanced absorption, catering t%li%different consumer preferences and lifestyles. There is a growing trend towards herbal supplements that combine multiple ingredients or incorporate complementary health-promoting compounds such as probiotics, prebiotics, vitamins, minerals, and adaptogens. These multi-functional formulations offer comprehensive health benefits and synergistic effects, appealing t%li%consumers seeking holistic wellness solutions.
Rising Popularity of Traditional Medicine Systems
The rising popularity of traditional medicine systems, such as Ayurveda, Traditional Chinese Medicine (TCM), and herbalism, is significantly influencing the global herbal supplements market. These ancient healing traditions have gained widespread recognition and acceptance for their holistic approach t%li%health and wellness, emphasizing the use of natural remedies derived from medicinal plants and herbs. The key drivers behind the increasing popularity of traditional medicine systems is the growing disillusionment with conventional healthcare approaches, characterized by overreliance on pharmaceutical drugs and symptomatic treatment.
Many individuals are seeking alternative and complementary therapies that address the root causes of illness, promote overall well-being, and support the body's innate healing mechanisms. Traditional medicine systems offer a rich repository of botanical knowledge accumulated over centuries of empirical observation, experimentation, and practice. Consumers are drawn t%li%the time-tested efficacy and safety of herbal remedies used in traditional healing practices, viewing them as gentle yet potent solutions for various health conditions. The resurgence of interest in traditional medicine systems is als%li%fueled by cultural heritage and identity, as well as a desire t%li%reconnect with nature and ancestral wisdom. In regions where Ayurveda, TCM, or other traditional healing modalities have deep cultural roots, there is a strong sense of pride and reverence for indigenous medicinal plants and remedies.
The growing body of scientific research supporting the therapeutic properties of botanical ingredients used in traditional medicine systems has bolstered their credibility and acceptance within mainstream healthcare circles. Many herbal supplements derived from traditional medicinal plants have undergone rigorous scientific scrutiny, validating their efficacy in managing various health conditions and enhancing overall health outcomes. As a result of these factors, the global herbal supplements market is witnessing a surge in demand for products inspired by traditional medicine systems. Manufacturers are tapping int%li%this trend by incorporating traditional botanical ingredients, herbal formulations, and holistic wellness philosophies int%li%their product offerings, catering t%li%the diverse health needs and preferences of consumers worldwide.
Segmental Insights
Source Insights
Based on source, leaves segment dominated the Global Herbal Supplements Market in 2023. This is because leaves are abundant and easily accessible in nature, making them a cost-effective source of herbal ingredients for manufacturers. The leaves often contain high concentrations of bioactive compounds, including antioxidants, vitamins, and phytochemicals, which contribute t%li%their therapeutic properties and health benefits. Leaves are versatile and can be used in various forms, including dried leaves for teas, powdered extracts for capsules, and fresh leaves for topical preparations. This versatility allows for a wide range of formulations and delivery methods, catering t%li%different consumer preferences and health needs.
Application Insights
Based on application, Food & Beverages segment dominated the Global Herbal Supplements Market in 2023. This is due t%li%the increasing consumer preference for natural and functional ingredients in food and beverages. Herbal supplements are incorporated int%li%a wide range of food and beverage products, including teas, juices, energy drinks, functional snacks, and dietary supplements, catering t%li%diverse consumer preferences and lifestyles. The Food & Beverages sector offers a convenient and familiar consumption format for herbal supplements, making them more accessible and appealing t%li%a broader audience seeking holistic wellness solutions in their daily diet.
Regional Insights
Asia Pacific dominates the global herbal supplements market because the region has a rich history and cultural heritage of traditional medicine systems, such as Ayurveda in India, Traditional Chinese Medicine (TCM) in China, and Kamp%li%in Japan. These ancient healing traditions have been practiced for centuries and emphasize the use of herbal remedies derived from medicinal plants and herbs. As a result, there is a deep-rooted acceptance and trust in herbal supplements among consumers in the Asia Pacific region, driving robust demand. Asia Pacific is home t%li%a vast array of botanical biodiversity, with diverse ecosystems and climates supporting the growth of medicinal plants and herbs. This abundance of botanical resources provides a sustainable and cost-effective supply of raw materials for herbal supplement manufacturers, ensuring a steady flow of high-quality ingredients.
Key Market Players
- Glanbia PLC
- Archer Daniels Midland Company
- Nutramarks, Inc.
- Herbalife Nutrition Ltd.
- Blackmores Limited
- Ricola AG
- Bio-Botanica Inc.
- Nature's Bounty (NY) Inc.
- NaturaLife Asia Co., Ltd
In this report, the Global Herbal Supplements Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
- Herbal Supplements Market, By Source:
- Leaves
- Fruits & Vegetables
- Barks
- Roots
- Others
- Herbal Supplements Market, By Application:
- Pharmaceuticals
- Personal Care
- Food & Beverages
- Others
- Herbal Supplements Market, By Form:
- Capsules & Tablets
- Syrups
- Powder
- Oils
- Others
- Herbal Supplements Market, By Function:
- Medicinal
- Aroma
- Others
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Company Profiles: Detailed analysis of the major companies presents in the Global Herbal Supplements Market.
Available Customizations:
Global Herbal Supplements Market report with the given market data, Tech Sci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. VOICE OF CUSTOMER
5. GLOBAL HERBAL SUPPLEMENTS MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Leaves, Fruits & Vegetables, Barks, Roots, Others)
5.2.2. By Application (Pharmaceuticals, Personal Care, Food & Beverages, Others)
5.2.3. By Form (Capsules & Tablets, Syrups, Powder, Oils and Others)
5.2.4. By Function (Medicinal, Aroma, Others)
5.2.5. By Region
5.2.6. By Company (2023)
5.3. Market Map
5.3.1. By Source
5.3.2. By Application
5.3.3. By Form
5.3.4. By Function
5.3.5. By Region
6. ASIA PACIFIC HERBAL SUPPLEMENTS MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source
6.2.2. By Application
6.2.3. By Form
6.2.4. By Function
6.2.5. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Herbal Supplements Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Source
6.3.1.2.2. By Application
6.3.1.2.3. By Form
6.3.1.2.4. By Function
6.3.2. India Herbal Supplements Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Source
6.3.2.2.2. By Application
6.3.2.2.3. By Form
6.3.2.2.4. By Function
6.3.3. Australia Herbal Supplements Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Source
6.3.3.2.2. By Application
6.3.3.2.3. By Form
6.3.3.2.4. By Function
6.3.4. Japan Herbal Supplements Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Source
6.3.4.2.2. By Application
6.3.4.2.3. By Form
6.3.4.2.4. By Function
6.3.5. South Korea Herbal Supplements Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Source
6.3.5.2.2. By Application
6.3.5.2.3. By Form
6.3.5.2.4. By Function
7. EUROPE HERBAL SUPPLEMENTS MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Application
7.2.3. By Form
7.2.4. By Function
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. France Herbal Supplements Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Source
7.3.1.2.2. By Application
7.3.1.2.3. By Form
7.3.1.2.4. By Function
7.3.2. Germany Herbal Supplements Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Source
7.3.2.2.2. By Application
7.3.2.2.3. By Form
7.3.2.2.4. By Function
7.3.3. Spain Herbal Supplements Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Source
7.3.3.2.2. By Application
7.3.3.2.3. By Form
7.3.3.2.4. By Function
7.3.4. Italy Herbal Supplements Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Source
7.3.4.2.2. By Application
7.3.4.2.3. By Form
7.3.4.2.4. By Function
7.3.5. United Kingdom Herbal Supplements Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Source
7.3.5.2.2. By Application
7.3.5.2.3. By Form
7.3.5.2.4. By Function
8. NORTH AMERICA HERBAL SUPPLEMENTS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Application
8.2.3. By Form
8.2.4. By Function
8.2.5. By Country
8.3. North America: Country Analysis
8.3.1. United States Herbal Supplements Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Source
8.3.1.2.2. By Application
8.3.1.2.3. By Form
8.3.1.2.4. By Function
8.3.2. Mexico Herbal Supplements Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Source
8.3.2.2.2. By Application
8.3.2.2.3. By Form
8.3.2.2.4. By Function
8.3.3. Canada Herbal Supplements Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Source
8.3.3.2.2. By Application
8.3.3.2.3. By Form
8.3.3.2.4. By Function
9. SOUTH AMERICA HERBAL SUPPLEMENTS MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Application
9.2.3. By Form
9.2.4. By Function
9.2.5. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Herbal Supplements Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Source
9.3.1.2.2. By Application
9.3.1.2.3. By Function
9.3.1.2.4. By Form
9.3.2. Argentina Herbal Supplements Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Source
9.3.2.2.2. By Application
9.3.2.2.3. By Form
9.3.2.2.4. By Function
9.3.3. Colombia Herbal Supplements Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Source
9.3.3.2.2. By Application
9.3.3.2.3. By Form
9.3.3.2.4. By Function
10. MIDDLE EAST AND AFRICA HERBAL SUPPLEMENTS MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Application
10.2.3. By Form
10.2.4. By Function
10.2.5. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Herbal Supplements Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Source
10.3.1.2.2. By Application
10.3.1.2.3. By Form
10.3.1.2.4. By Function
10.3.2. Saudi Arabia Herbal Supplements Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Source
10.3.2.2.2. By Application
10.3.2.2.3. By Form
10.3.2.2.4. By Function
10.3.3. UAE Herbal Supplements Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Source
10.3.3.2.2. By Application
10.3.3.2.3. By Form
10.3.3.2.4. By Function
10.3.4. Egypt Herbal Supplements Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Source
10.3.4.2.2. By Application
10.3.4.2.3. By Form
10.3.4.2.4. By Function
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. MARKET TRENDS & DEVELOPMENTS
12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions
13. GLOBAL HERBAL SUPPLEMENTS MARKET: SWOT ANALYSIS
14. PORTER’S FIVE FORCES ANALYSIS
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product
15. COMPETITIVE LANDSCAPE
15.1. Glanbia PLC
15.1.1. Business Overview
15.1.2. Company Snapshot
15.1.3. Products & Services
15.1.4. Financials (In case of listed)
15.1.5. Recent Developments
15.1.6. SWOT Analysis
15.2. Archer Daniels Midland Company
15.3. Nutramarks, Inc.
15.4. Herbalife Nutrition Ltd.
15.5. Blackmores Limited
15.6. Ricola AG
15.7. Bio-Botanica Inc.
15.8. Nature's Bounty (NY) Inc.
15.9. NaturaLife Asia Co., Ltd
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. VOICE OF CUSTOMER
5. GLOBAL HERBAL SUPPLEMENTS MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Source (Leaves, Fruits & Vegetables, Barks, Roots, Others)
5.2.2. By Application (Pharmaceuticals, Personal Care, Food & Beverages, Others)
5.2.3. By Form (Capsules & Tablets, Syrups, Powder, Oils and Others)
5.2.4. By Function (Medicinal, Aroma, Others)
5.2.5. By Region
5.2.6. By Company (2023)
5.3. Market Map
5.3.1. By Source
5.3.2. By Application
5.3.3. By Form
5.3.4. By Function
5.3.5. By Region
6. ASIA PACIFIC HERBAL SUPPLEMENTS MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Source
6.2.2. By Application
6.2.3. By Form
6.2.4. By Function
6.2.5. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Herbal Supplements Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Source
6.3.1.2.2. By Application
6.3.1.2.3. By Form
6.3.1.2.4. By Function
6.3.2. India Herbal Supplements Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Source
6.3.2.2.2. By Application
6.3.2.2.3. By Form
6.3.2.2.4. By Function
6.3.3. Australia Herbal Supplements Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Source
6.3.3.2.2. By Application
6.3.3.2.3. By Form
6.3.3.2.4. By Function
6.3.4. Japan Herbal Supplements Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Source
6.3.4.2.2. By Application
6.3.4.2.3. By Form
6.3.4.2.4. By Function
6.3.5. South Korea Herbal Supplements Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Source
6.3.5.2.2. By Application
6.3.5.2.3. By Form
6.3.5.2.4. By Function
7. EUROPE HERBAL SUPPLEMENTS MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Source
7.2.2. By Application
7.2.3. By Form
7.2.4. By Function
7.2.5. By Country
7.3. Europe: Country Analysis
7.3.1. France Herbal Supplements Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Source
7.3.1.2.2. By Application
7.3.1.2.3. By Form
7.3.1.2.4. By Function
7.3.2. Germany Herbal Supplements Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Source
7.3.2.2.2. By Application
7.3.2.2.3. By Form
7.3.2.2.4. By Function
7.3.3. Spain Herbal Supplements Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Source
7.3.3.2.2. By Application
7.3.3.2.3. By Form
7.3.3.2.4. By Function
7.3.4. Italy Herbal Supplements Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Source
7.3.4.2.2. By Application
7.3.4.2.3. By Form
7.3.4.2.4. By Function
7.3.5. United Kingdom Herbal Supplements Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Source
7.3.5.2.2. By Application
7.3.5.2.3. By Form
7.3.5.2.4. By Function
8. NORTH AMERICA HERBAL SUPPLEMENTS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Source
8.2.2. By Application
8.2.3. By Form
8.2.4. By Function
8.2.5. By Country
8.3. North America: Country Analysis
8.3.1. United States Herbal Supplements Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Source
8.3.1.2.2. By Application
8.3.1.2.3. By Form
8.3.1.2.4. By Function
8.3.2. Mexico Herbal Supplements Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Source
8.3.2.2.2. By Application
8.3.2.2.3. By Form
8.3.2.2.4. By Function
8.3.3. Canada Herbal Supplements Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Source
8.3.3.2.2. By Application
8.3.3.2.3. By Form
8.3.3.2.4. By Function
9. SOUTH AMERICA HERBAL SUPPLEMENTS MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Source
9.2.2. By Application
9.2.3. By Form
9.2.4. By Function
9.2.5. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Herbal Supplements Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Source
9.3.1.2.2. By Application
9.3.1.2.3. By Function
9.3.1.2.4. By Form
9.3.2. Argentina Herbal Supplements Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Source
9.3.2.2.2. By Application
9.3.2.2.3. By Form
9.3.2.2.4. By Function
9.3.3. Colombia Herbal Supplements Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Source
9.3.3.2.2. By Application
9.3.3.2.3. By Form
9.3.3.2.4. By Function
10. MIDDLE EAST AND AFRICA HERBAL SUPPLEMENTS MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Source
10.2.2. By Application
10.2.3. By Form
10.2.4. By Function
10.2.5. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Herbal Supplements Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Source
10.3.1.2.2. By Application
10.3.1.2.3. By Form
10.3.1.2.4. By Function
10.3.2. Saudi Arabia Herbal Supplements Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Source
10.3.2.2.2. By Application
10.3.2.2.3. By Form
10.3.2.2.4. By Function
10.3.3. UAE Herbal Supplements Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Source
10.3.3.2.2. By Application
10.3.3.2.3. By Form
10.3.3.2.4. By Function
10.3.4. Egypt Herbal Supplements Market Outlook
10.3.4.1. Market Size & Forecast
10.3.4.1.1. By Value
10.3.4.2. Market Share & Forecast
10.3.4.2.1. By Source
10.3.4.2.2. By Application
10.3.4.2.3. By Form
10.3.4.2.4. By Function
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. MARKET TRENDS & DEVELOPMENTS
12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions
13. GLOBAL HERBAL SUPPLEMENTS MARKET: SWOT ANALYSIS
14. PORTER’S FIVE FORCES ANALYSIS
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product
15. COMPETITIVE LANDSCAPE
15.1. Glanbia PLC
15.1.1. Business Overview
15.1.2. Company Snapshot
15.1.3. Products & Services
15.1.4. Financials (In case of listed)
15.1.5. Recent Developments
15.1.6. SWOT Analysis
15.2. Archer Daniels Midland Company
15.3. Nutramarks, Inc.
15.4. Herbalife Nutrition Ltd.
15.5. Blackmores Limited
15.6. Ricola AG
15.7. Bio-Botanica Inc.
15.8. Nature's Bounty (NY) Inc.
15.9. NaturaLife Asia Co., Ltd
16. STRATEGIC RECOMMENDATIONS
17. ABOUT US & DISCLAIMER
