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COVID-19
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Get detailed insights regarding the impact of COVID-19 on the market.

Herbal Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global herbal supplements market reached a value of US$ 6.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.8% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Herbal supplements refer to the type of organic dietary additives that are generally extracted from natural raw materials such as moringa, turmeric, ginger, echinacea, cohosh, flaxseeds, among other herbs. These supplements are primarily available in the form of tablets, powders, soft gels, liquid extracts, ointments, capsules, etc. Herbal supplements exhibit various therapeutic properties based on the high composition of minerals, amino acids, enzymes, and vitamins, which are essential for the human body. Furthermore, these supplements also hold several antiseptic, antibiotic, anti-depressant, and anti-inflammatory benefits, along with providing skin radiance and boosting the immune system. Owing to these benefits, herbal supplements are widely consumed by pediatric, adult, and geriatric population across the globe.

In recent times, the rising consumer health concerns, coupled with the growing expenditures on preventive healthcare products, have augmented the market growth for herbal supplements. Furthermore, the high prevalence of lifestyle diseases, such as diabetes, obesity, etc., along with the increasing global geriatric population, has propelled the demand for dietary supplements for mitigating health risks. Moreover, the growing demand for personalized medicines, along with the wide availability of these supplements has further propelled the market growth. Apart from this, the rising investments in several R&D activities supported by the launch of newer and innovative herbal products are also driving the growth of this market. For instance, Farlong Pharmaceuticals, a US-based herbal ingredient and supplement company, has launched a new herbal supplement named, Steamed Notoginseng Powder, that helps in relieving fatigue, nourishing blood, and improving immunity. Additionally, the growing consumer inclination towards organic self-care products and plant-based supplements, particularly across the European countries, is also bolstering the product demand. In developed nations, such as the United States and Canada, herbal supplement accounts for an integral part of the consumers’ daily diet, thereby are widely available across several distribution channels. In emerging economies, such as India, China, and Japan, etc., the increasing consumer awareness towards several health benefits of herbal supplements, along with the rising disposable income levels, further drive the market growth. Moreover, the soaring prices of pharma products, coupled with the growing consumer preferences towards natural and organic products, will continue to bolster the growth of the global herbal supplements in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global herbal supplements market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, formulation and consumer.

Breakup by Product Type:

  • Moringa
  • Echinacea
  • Flaxseeds
  • Turmeric
  • Ginger
  • Ginseng
  • Others
     

Breakup by Formulation:

  • Tablets
  • Capsules
  • Liquid
  • Powder and Granules
  • Soft Gels
  • Others
     

Breakup by Consumer:

  • Pregnant Women
  • Adult
  • Pediatric
  • Geriatric
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Ancient Greenfields PVT LTD, A.N.P. Inc., Bio-Botanica, Inc., Gaia Herbs B.V., Herb-Pharm, LLC, Jarrow Formulas, Inc., Now Health Group, Inc., Nutraceutical Corporation, Rainbow Light Nutritional Systems, Inc., Solgar Inc., etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Formulation, Consumer, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Ancient Greenfields PVT LTD, A.N.P. Inc., Bio-Botanica, Inc., Gaia Herbs B.V., Herb-Pharm, LLC, Jarrow Formulas, Inc., Now Health Group, Inc., Nutraceutical Corporation, Rainbow Light Nutritional Systems, Inc. and Solgar Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global herbal supplements market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of  COVID-19 on the global herbal supplements market?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the formulation?
  • What is the breakup of the market based on the consumer?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the global herbal supplements market and who are the key players?
  • What is the degree of competition in the market?

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Herbal Supplements Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Moringa
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Echinacea
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Flaxseeds
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Turmeric
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Ginger
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Ginseng
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Formulation
    7.1    Tablets 
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Capsules
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Liquid
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Powder and Granules
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Soft Gels
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Consumer
    8.1    Pregnant Women
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Adult
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Pediatric
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Geriatric
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Ancient Greenfields PVT LTD
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
        14.3.2    A.N.P. Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Bio-Botanica, Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
        14.3.4    Gaia Herbs B.V.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
        14.3.5    Herb-Pharm, LLC
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Jarrow Formulas, Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Now Health Group, Inc.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Nutraceutical Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Rainbow Light Nutritional Systems, Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    Solgar Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio      

List of Figures

Figure 1: Global: Herbal Supplements Market: Major Drivers and Challenges
Figure 2: Global: Herbal Supplements Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Herbal Supplements Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Herbal Supplements Market: Breakup by Formulation (in %), 2020
Figure 5: Global: Herbal Supplements Market: Breakup by Consumer (in %), 2020
Figure 6: Global: Herbal Supplements Market: Breakup by Region (in %), 2020
Figure 7: Global: Herbal Supplements Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 8: Global: Herbal Supplements (Moringa) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Herbal Supplements (Moringa) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Herbal Supplements (Echinacea) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Herbal Supplements (Echinacea) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Herbal Supplements (Flaxseeds) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Herbal Supplements (Flaxseeds) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Herbal Supplements (Turmeric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Herbal Supplements (Turmeric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Herbal Supplements (Ginger) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Herbal Supplements (Ginger) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Herbal Supplements (Ginseng) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Herbal Supplements (Ginseng) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Herbal Supplements (Other Product Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Herbal Supplements (Other Product Types) Market Forecast: Sales Value (in Million US$), 2021-2026 
Figure 22: Global: Herbal Supplements (Tablets) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Herbal Supplements (Tablets) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Herbal Supplements (Capsules) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Herbal Supplements (Capsules) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Herbal Supplements (Liquid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Herbal Supplements (Liquid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Herbal Supplements (Powder and Granules) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Herbal Supplements (Powder and Granules) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Herbal Supplements (Soft Gels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Herbal Supplements (Soft Gels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Herbal Supplements (Other Formulations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Herbal Supplements (Other Formulations) Market Forecast: Sales Value (in Million US$), 2021-2026 
Figure 34: Global: Herbal Supplements (Pregnant Women) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Herbal Supplements (Pregnant Women) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Herbal Supplements (Adult) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Herbal Supplements (Adult) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Herbal Supplements (Pediatric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Herbal Supplements (Pediatric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Herbal Supplements (Geriatric) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Herbal Supplements (Geriatric) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: North America: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: North America: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: United States: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: United States: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Canada: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Canada: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Asia Pacific: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Asia Pacific: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: China: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: China: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Japan: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Japan: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: India: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: India: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: South Korea: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: South Korea: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Australia: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Australia: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Indonesia: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Indonesia: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Others: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Others: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Europe: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Europe: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Germany: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Germany: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: France: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: France: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: United Kingdom: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: United Kingdom: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Italy: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Italy: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Spain: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Spain: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Russia: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Russia: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Others: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Others: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Latin America: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Latin America: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Brazil: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Brazil: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Mexico: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Mexico: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Others: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Others: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Middle East and Africa: Herbal Supplements Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Middle East and Africa: Herbal Supplements Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Global: Herbal Supplements Industry: SWOT Analysis
Figure 91: Global: Herbal Supplements Industry: Value Chain Analysis
Figure 92: Global: Herbal Supplements Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Herbal Supplements Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Herbal Supplements Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Herbal Supplements Market Forecast: Breakup by Formulation (in Million US$), 2021-2026
Table 4: Global: Herbal Supplements Market Forecast: Breakup by Consumer (in Million US$), 2021-2026
Table 5: Global: Herbal Supplements Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Herbal Supplements Market: Competitive Structure
Table 7: Global: Herbal Supplements Market: Key Players

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