Global Herbal Products Market, By Product (Moringa, Echinacea, Flaxseeds, Turmeric, Ginger and Ginseng), Formulation (Tablets, Capsules, Liquid, Powder and Granules, Soft Gels and Others), Consumer (Pregnant Women, Adult, Paediatric and Geriatric), Source (Leaves, Fruits and Vegetable, Barks, Roots and Others), Function (Medicinal, Aroma and Others), Application (Pharmaceutical, Personal Care, Food and Beverages and Others), Distribution Channel (Offline Stores and Online Stores), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Herbal Products Market
Data Bridge Market Research analyses that the global herbal products market will project a CAGR of 6.85% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, ever-rising population around the globe, rising consumer consciousness towards high quality and nutritional food items, surging awareness about the benefits of herbal products and increasing personal disposable income by the major companies are the major factors attributable to the growth of herbal products market.
Herbal products are used since the ancient times and are derived from a wide range of plants. Herbal products are used for all kinds of medical treatment, beauty care treatments and others. Herbal products are natural products that do not have any side effects on application or consumption.
Surging health awareness, increasing demand for dietary supplements among the population and rising globalization are the major factors fostering the growth of the market. Changing and evolving lifestyle, growth in the penetration of e-commerce platforms especially in the developing economies and growing demand for herbal beauty and personal care products are other important factors acting as market growth determinants. Rising risks of various diseases, surging preference for traditional medicines by consumers, recent technological advancements in the healthcare sector and rising consumer spending capacities will further induce growth in the market value.
However, lack of standardization policies will pose a major challenge to the growth of the market. On the other hand, strict rules and regulations associated with the herbal supplements and fewer acknowledgements will also hamper the market growth rate. Stiff competition from allopathic medicines will yet again derail the market growth rate.
This herbal products market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on herbal products market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Herbal Products Market Scope and Market Size
The herbal products market is segmented on the basis of product, formulation, consumer, source, function, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the herbal products market is segmented into moringa, echinacea, flaxseeds, turmeric, ginger and ginseng.
- Formulation segment of the herbal products market is divided into tablets, capsules, liquid, powder and granules, soft gels and others.
- Based on consumer, the herbal products market is segmented into pregnant women, adult, paediatric and geriatric.
- The herbal products market, on the basis of source, is divided into leaves, fruits and vegetable, barks, roots and others.
- On the basis of function, the herbal products market is divided into medicinal, aroma and others.
- Based on application, the herbal products market is segmented into pharmaceutical, personal care, food and beverages and others.
- On the basis of distribution channel, the herbal products market is divided into offline stores and online stores. Offline stores segment is sub-segmented into supermarkets, retail stores, hypermarkets, herbal stores and others. Online stores segment is sub-segmented into company owned websites and e-commerce channels.
Herbal Products Market Country Level Analysis
The herbal products market is segmented on the basis of product, formulation, consumer, source, function, application and distribution channel.
The countries covered in the herbal products market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific region dominates the herbal products market and will continue to during the forecast period owing to the heavy investments in countries like China and India for research and development activities. Asia-Pacific is set to undergo substantial gains and will score the highest CAGR for the forecast period owing to the growth and expansion of food and beverages industry, rising demand for beauty and personal care products and increasing personal disposable income.
The country section of the herbal products market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Herbal Products Market Share Analysis
The herbal products market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to herbal products market.
The major players covered in the herbal products market report are Jarrow Formulas, Inc., Gaia Herbs, NOW Foods, Bio Botanica, Inc., Nature’s Bounty., Solgar Inc., Ancient Greenfields PVT LTD, Bactolac Pharmaceutical, Inc., Bionova., Sunfood, Supplement Manufacturing Partner, Cedar Bear Naturales, Biolife Technologies, ABH nature's products., Atlantic Essentials Products, INC., TVS Biotech among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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