Global Herbal Nutraceutical Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028.
The global herbal nutraceutical market is anticipated to grow at a CAGR of 7.5 % during the forecast period (2022-2028). Herbal nutraceuticals are made from natural ingredients with no chemicals or contaminants added. These products are more effective, safer, and acceptable than currently available conventional products. It supports optimal health, longevity, and quality of life by assisting in the maintenance of health and acting against nutritionally induced acute and chronic disorders.
The market is primarily driven by the trend of preserving overall health and wellness through the consumption of nutrient-dense foods and beverages. Consumers’ purchasing tastes have been changed to products with functional ingredients to reduce the risk of lifestyle-related health issues. Obesity, diabetes, and cardiovascular disease have all become more common as a result of the modern consumer’s hectic and sedentary lifestyle. Furthermore, herbal nutraceuticals are utilized in the prevention of disease due to their medicinal capabilities, and the growing trend of preventive healthcare among people would help the segment’s growth during the forecast period.
Due to the COVID-19 pandemic, the market growth surged due to the fact that people across the globe are preferring healthy products to boost their immune systems and to fight with sickness. The changing consumer preferences and consuming healthy diets is propelling the growth of the market during the forecast period.
On the basis of type, the turmeric segment is propelling the growth of the market due to its wide application in home remedies, cosmetics, and other fields. Turmeric is promoted as a dietary supplement for a variety of conditions, including arthritis, digestive disorders, respiratory infections, allergies, liver disease, depression, and many others.
On the basis of form, the capsules & tablets segment is boosting the market growth. This is due to the ease with which capsules and tablets can be consumed, as they are easy to swallow and do not require any prior measurements.
On the basis of nature, the organic segment is gaining popularity which will propel the market growth during the forecast period. The demand for organic herbs is expected to rise in the coming years as food adulteration becomes more common. Toxic pesticides, synthetic fertilizers, genetically modified organisms (GMOs), and antibiotics or growth hormones are not utilized in the manufacturing of organic food, which gives consumers peace of mind. Furthermore, organic food ensures that strict organic agriculture criteria have been followed in terms of impact on land, water, and air, which helps to safeguard the environment that will further drive the herbal nutraceutical market during the forecast period.
Competitive Landscape-
NOW Foods, Herbochem, OREGON’S WILD HARVEST, Gaia Herbs, Nature’s Bounty, among others.
By Type
- Ginger
- Garlic
- Turmeric
- Aloe Vera
- Green Tea
- Others
By Nature
- Conventional
- Organic
By Sales Channel
- Online
- Offline
By Form
- Capsules & Tablets
- Powder
- Liquid
- Others
Scope of the Report
The research study analyzes the Global Herbal Nutraceutical industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Herbal Nutraceutical Market Report
1. What was the Global Herbal Nutraceutical Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Herbal Nutraceutical Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Herbal Nutraceutical Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Herbal Nutraceutical market.
- The market share of the Global Herbal Nutraceutical market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Herbal Nutraceutical market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Herbal Nutraceutical market.
The report will be delivered within 48-72 hours after payment confirmation