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Herbal Supplement Trends and Forecast
The future of the global herbal supplement market looks promising with opportunities in the pharmaceutical, food & beverage, and personal care markets. The global herbal supplement market is expected to reach an estimated $130.8 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are increasing preference for natural products and growing consumer awareness of the benefits of health & wellness products.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Herbal Supplement by Segment
The study includes a forecast for the global herbal supplement by source, function, form, application, and region.
Herbal Supplement Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Leaves
• Barks
• Fruits & Vegetables
• Roots
Herbal Supplement Market by Function [Shipment Analysis by Value from 2018 to 2030]:
• Medicinal
• Aroma
Herbal Supplement Market by Form [Shipment Analysis by Value from 2018 to 2030]:
• Capsules & Tablets
• Powder
• Syrups
• Oils
Herbal Supplement Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pharmaceuticals
• Food & Beverages
• Personal Care
Herbal Supplement Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Herbal Supplement Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies herbal supplement companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the herbal supplement companies profiled in this report include-
• Archer Daniels Midland Company
• Glanbia
• Herbalife International of America
• Blackmores
• Nutraceutical International
Herbal Supplement Market Insights
Lucintel forecasts that leaf is expected to witness the highest growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Herbal Supplement Market
Market Size Estimates: Herbal supplement market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Herbal supplement market size by various segments, such as by source, function, form, application, and region in terms of value ($B).
Regional Analysis: Herbal supplement market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different sources, functions, forms, applications, and regions for the herbal supplement market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the herbal supplement market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the herbal supplement market size?
Answer: The global herbal supplement market is expected to reach an estimated $130.8 billion by 2030.
Q2. What is the growth forecast for herbal supplement market?
Answer: The global herbal supplement market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the herbal supplement market?
Answer: The major drivers for this market are increasing preference for natural products and growing consumer awareness of the benefits of health & wellness products.
Q4. What are the major segments for herbal supplement market?
Answer: The future of the herbal supplement market looks promising with opportunities in the pharmaceutical, food & beverage, and personal care markets.
Q5. Who are the key herbal supplement market companies?
Answer: Some of the key herbal supplement companies are as follows:
• Archer Daniels Midland Company
• Glanbia
• Herbalife International of America
• Blackmores
• Nutraceutical International
Q6. Which herbal supplement market segment will be the largest in future?
Answer: Lucintel forecasts that leaf is expected to witness the highest growth over the forecast period.
Q7. In herbal supplement market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the herbal supplement market by source (leaves, barks, fruits & vegetables, and roots), function (medicinal and aroma), form (capsules & tablets, powder, syrups, and oils), application (pharmaceuticals, food & beverages, and personal care), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Herbal Supplement Market, Herbal Supplement Market Size, Herbal Supplement Market Growth, Herbal Supplement Market Analysis, Herbal Supplement Market Report, Herbal Supplement Market Share, Herbal Supplement Market Trends, Herbal Supplement Market Forecast, Herbal Supplement Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Herbal Supplement Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Herbal Supplement Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Herbal Supplement Market by Source
3.3.1: Leaves
3.3.2: Barks
3.3.3: Fruits & Vegetables
3.3.4: Roots
3.4: Global Herbal Supplement Market by Function
3.4.1: Medicinal
3.4.2: Aroma
3.5: Global Herbal Supplement Market by Form
3.5.1: Capsules & tablets
3.5.2: Powder
3.5.3: Syrups
3.5.4: Oils
3.6: Global Herbal Supplement Market by Application
3.6.1: Pharmaceuticals
3.6.2: Food & Beverages
3.6.3: Personal Care
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Herbal Supplement Market by Region
4.2: North American Herbal Supplement Market
4.2.2: North American Herbal Supplement Market by Application: Pharmaceuticals, Food & Beverages, and Personal Care
4.3: European Herbal Supplement Market
4.3.1: European Herbal Supplement Market by Source: Leaves, Barks, Fruits & Vegetables, and Roots
4.3.2: European Herbal Supplement Market by Application: Pharmaceuticals, Food & Beverages, and Personal Care
4.4: APAC Herbal Supplement Market
4.4.1: APAC Herbal Supplement Market by Source: Leaves, Barks, Fruits & Vegetables, and Roots
4.4.2: APAC Herbal Supplement Market by Application: Pharmaceuticals, Food & Beverages, and Personal Care
4.5: ROW Herbal Supplement Market
4.5.1: ROW Herbal Supplement Market by Source: Leaves, Barks, Fruits & Vegetables, and Roots
4.5.2: ROW Herbal Supplement Market by Application: Pharmaceuticals, Food & Beverages, and Personal Care
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Herbal Supplement Market by Source
6.1.2: Growth Opportunities for the Global Herbal Supplement Market by Function
6.1.3: Growth Opportunities for the Global Herbal Supplement Market by Form
6.1.4: Growth Opportunities for the Global Herbal Supplement Market by Application
6.1.5: Growth Opportunities for the Global Herbal Supplement Market by Region
6.2: Emerging Trends in the Global Herbal Supplement Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Herbal Supplement Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Herbal Supplement Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Archer Daniels Midland Company
7.2: Glanbia
7.3: Herbalife International of America
7.4: Blackmores
7.5: Nutraceutical International
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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