Market Overview:
The global herbal nutraceutical market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the benefits of herbal nutraceuticals, rising demand for organic products, and growing trend of self-medication. Based on type, the global herbal nutraceutical market can be segmented into conventional and organic products. The organic segment is projected to grow at a higher CAGR than the conventional segment during the forecast period. This growth can be attributed to increasing consumer preference for organic products due to their health benefits. Based on application, the global herbal nutraceutical market can be divided into pharmacy, online store, supermarket, and others segments. The pharmacy segment is estimated to account for a major share of the global market in 2018 owing to rising demand for these supplements from patients suffering from various diseases and disorders.
Product Definition:
Herbal nutraceuticals are products derived from natural plant sources that have been found to provide health benefits beyond basic nutrition. They are often used to supplement the diet and may help improve overall health and well-being. Herbal nutraceuticals can be taken in pill, powder, or liquid form, and some are available as topical applications as well.
Conventional:
Conventional herbal medicines are the traditional or widely used medicine in a certain area. These products have been used for thousands of years and are still being used today in many countries. The factors that propel the growth of conventional herbal nutraceuticals include low cost, high efficacy, and no side effects compared to modern pharmaceutical drugs.
The global market size spans various segments such as geography, application type, end user etc.
Organic:
Organic products are those that are grown, manufactured or processed without the use of harmful chemicals such as pesticides, herbicides and fertilizers. Organic food is produced with the utmost care to ensure product quality and safety by following strict agricultural practices. The global organic market was valued at USD 485 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024.
Application Insights:
The application segment includes online store, pharmacy, supermarket and others. The growing e-commerce industry has led to an increased demand for herbal supplements which in turn is expected to drive the overall market over the forecast period. Furthermore, rising health concerns among consumers are anticipated to further fuel the demand for these products over the coming years.
The increasing use of conventional medicines with side effects and toxicity is expected to drive consumer preference towards natural herbal formulations that have lesser or no side effects at all. This trend is also likely to influence manufacturers¢â‚¬â„¢ decisions regarding product development in near future as they would like their products sold through conventional pharmacies only which may result in restricting market growth outside North America and Europe eventually.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period due to increasing awareness about nutritional products and growing demand for natural ingredients-based dietary supplements. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 owing to rising health concerns, improving standard of living, and increasing disposable income levels. Moreover, rising adoption of western culture and lifestyle will drive demand for nutraceuticals in this region over the forecast period.
The key manufacturers operating in Europe are Boiron France; B vitamins Bioforce Nutrition S.p.A.; Draguignan; Laboratoire Arnaud Parisien; Mios Pharma GmbH & Co KG; Naturex SASULCANOIDS France S AUROUX France VIVAIODAYS SAVE THE WORLD (BV) NUTRITIONAL IMAGING SABA MEDICAL Herbal Health Products Ltd.
Growth Factors:
- Increasing awareness about the benefits of herbal nutraceuticals: There is a growing awareness among people about the health benefits of herbal nutraceuticals. This is driving demand for these products, thereby boosting the market growth.
- Rising incidence of lifestyle diseases: The prevalence of lifestyle diseases such as obesity, diabetes, and heart disease is increasing at an alarming rate across the globe. This is resulting in an increased demand for herbal nutraceuticals as they are considered to be safer and more effective than conventional medications in treating these conditions.
- Growing popularity of natural ingredients: Consumers are increasingly preferring natural ingredients over synthetic ones due to their perceived safety and efficacy advantages. Herbal nutraceuticals are made from natural ingredients and hence enjoy high consumer acceptance across the globe.
Scope Of The Report
Report Attributes
Report Details
Report Title
Herbal Nutraceutical Market Research Report
By Type
Conventional, Organic
By Application
Pharmacy, Online Store, Supermarket, Others
By Companies
Bio Botanica INC, Gaia Herbs Farm, Herbochem, Nature’s Bounty, Ricola, Now Foods, OREGON’S WILD HARVEST, Solaray, Blackmores
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Herbal Nutraceutical Market Report Segments:
The global Herbal Nutraceutical market is segmented on the basis of:
Types
Conventional, Organic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmacy, Online Store, Supermarket, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bio Botanica INC
- Gaia Herbs Farm
- Herbochem
- Nature’s Bounty
- Ricola
- Now Foods
- OREGON’S WILD HARVEST
- Solaray
- Blackmores
Highlights of The Herbal Nutraceutical Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional
- Organic
- By Application:
- Pharmacy
- Online Store
- Supermarket
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Herbal Nutraceutical Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Herbal Nutraceuticals are dietary supplements that contain herbs and other plant-based ingredients. They are often marketed as being beneficial for health, including reducing inflammation, improving joint function, and aiding in weight loss.
Some of the major players in the herbal nutraceutical market are Bio Botanica INC, Gaia Herbs Farm, Herbochem, Nature’s Bounty, Ricola, Now Foods, OREGON’S WILD HARVEST, Solaray, Blackmores.
The herbal nutraceutical market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Herbal Nutraceutical Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Herbal Nutraceutical Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Herbal Nutraceutical Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Herbal Nutraceutical Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Herbal Nutraceutical Market Size & Forecast, 2018-2028 4.5.1 Herbal Nutraceutical Market Size and Y-o-Y Growth 4.5.2 Herbal Nutraceutical Market Absolute $ Opportunity
Chapter 5 Global Herbal Nutraceutical Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Herbal Nutraceutical Market Size Forecast by Type
5.2.1 Conventional
5.2.2 Organic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Herbal Nutraceutical Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Herbal Nutraceutical Market Size Forecast by Applications
6.2.1 Pharmacy
6.2.2 Online Store
6.2.3 Supermarket
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Herbal Nutraceutical Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Herbal Nutraceutical Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Herbal Nutraceutical Analysis and Forecast
9.1 Introduction
9.2 North America Herbal Nutraceutical Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Herbal Nutraceutical Market Size Forecast by Type
9.6.1 Conventional
9.6.2 Organic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Herbal Nutraceutical Market Size Forecast by Applications
9.10.1 Pharmacy
9.10.2 Online Store
9.10.3 Supermarket
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Herbal Nutraceutical Analysis and Forecast
10.1 Introduction
10.2 Europe Herbal Nutraceutical Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Herbal Nutraceutical Market Size Forecast by Type
10.6.1 Conventional
10.6.2 Organic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Herbal Nutraceutical Market Size Forecast by Applications
10.10.1 Pharmacy
10.10.2 Online Store
10.10.3 Supermarket
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Herbal Nutraceutical Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Herbal Nutraceutical Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Herbal Nutraceutical Market Size Forecast by Type
11.6.1 Conventional
11.6.2 Organic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Herbal Nutraceutical Market Size Forecast by Applications
11.10.1 Pharmacy
11.10.2 Online Store
11.10.3 Supermarket
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Herbal Nutraceutical Analysis and Forecast
12.1 Introduction
12.2 Latin America Herbal Nutraceutical Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Herbal Nutraceutical Market Size Forecast by Type
12.6.1 Conventional
12.6.2 Organic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Herbal Nutraceutical Market Size Forecast by Applications
12.10.1 Pharmacy
12.10.2 Online Store
12.10.3 Supermarket
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Herbal Nutraceutical Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Herbal Nutraceutical Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Herbal Nutraceutical Market Size Forecast by Type
13.6.1 Conventional
13.6.2 Organic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Herbal Nutraceutical Market Size Forecast by Applications
13.10.1 Pharmacy
13.10.2 Online Store
13.10.3 Supermarket
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Herbal Nutraceutical Market: Competitive Dashboard
14.2 Global Herbal Nutraceutical Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bio Botanica INC
14.3.2 Gaia Herbs Farm
14.3.3 Herbochem
14.3.4 Nature’s Bounty
14.3.5 Ricola
14.3.6 Now Foods
14.3.7 OREGON’S WILD HARVEST
14.3.8 Solaray
14.3.9 Blackmores