Herbal supplements Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery: KD Market Insights

Herbal supplements Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery: KD Market Insights

The global herbal supplements market size was valued at 5.9 billion USD in 2021. It is expected to grow at a rate of 6.5% in the coming years.

Herbal supplements are extensively used for several diseases for decades. They are beneficial for such conditions due to their medicinal properties. Across the globe, many people are switching toward herbal supplements due to their added health benefits. These supplements are natural non-food substances and non-pharmaceuticals which are used to improve health. They are derived from plant materials and have little or no side effects.

 

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Market Drivers

The increased prices of dietary and medicinal products have propelled the global herbal supplements and remedies market. Considerable increase in the aging population, growth in consumption of health supplements, emphasis on healthy living, and a rise in preventive healthcare trends drive the herbal supplements market. Other factors such as the increase in demand for dietary supplements and the side effects of allopathic drugs are also fueling the market’s growth.

The geriatric population is expected to reach 2.1 billion in 2050 from 962 million in 2017. With aging, the number of comorbidities increases; thus, the geriatric population is highly prone to comorbid conditions. The people with chronic conditions are more likely to consume herbal supplements, which are projected to boost market growth over the coming years.

 

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However, there is no scientific evidence supporting such benefits. Still, the product demand is continuously rising, thereby augmenting the global market growth. Moreover, the easy availability of these products is also responsible for the rise in demand. Availability on many e-commerce platforms and preference for such platforms over conventional sales channels are on the rise. This can be attributed to cost-effectiveness and better convenience.

Market Segmentation

By Source:

  • Leaves
  • Barks
  • Fruits & vegetables
  • Roots

By Function:

  • Medicinal
  • Aroma

By Form:

  • Capsules & tablets
  • Powder
  • Syrups
  • Oils
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players

The key market players are:

  • Jarrow Formulas, Inc.
  • Solgar, Inc.
  • Nature’s Bounty
  • Ancient GreenFields Pvt. Ltd.
  • Gaia Herbs
  • Now Foods

 

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About Us:                                             

KD Market Insights is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in-depth to provide our clients with better strategies to stand out in the market.

Our report covers the current market status, opportunities available in the market, growth plans, and emerging trends in order to cater to the evolving needs of the customers. We help businesses around the globe with operational improvements, technologies, emerging market trends which in-depth boost the company’s growth in the future. The reports prepared by us are customized according to the client’s needs. We inculcate high morale and ethics while preparing our report which helps in building long-term relationships with our clients.

 

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Company Name: KD Market Insights
Address: 150 State Street, Albany,
New York, USA 12207
Phone: +1 (518) 300-1215
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Websitewww.kdmarketinsights.com

 

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