+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Herbal Supplements and Remedies - Global Market Trajectory & Analytics

  • ID: 338400
  • Report
  • February 2022
  • Region: Global
  • 719 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Arizona Natural Products
  • Blackmores Ltd.
  • Herb Pharm, LLC
  • Jemo-pharm A/S
  • Natures Aid Ltd.
  • Pharmavite® LLC

Global Herbal Supplements and Remedies Market to Reach US$111.6 Billion by the Year 2026


Herbal supplements represent dietary supplements obtained from herbs or plants that hold compelling health benefits and medicinal value. These supplements are witnessing increasing applications in the cosmetics, pharmaceutical and food & beverage industries. Growth in the global market is being driven by preventive healthcare trend. The growth of the market is propelled by strong focus on preventive healthcare, surging geriatric population, consumer attention on health and wellbeing, and increasing uptake of health supplements. Rising concerns over health along with increasing spending on preventive healthcare products are augmenting global demand for herbal supplements. These products are gaining from rising incident of lifestyle-related medical conditions like obesity and diabetes that are prompting people to consider herbal supplements to mitigate health risks. The market growth is also favored by increasing attention on personalized medicines and easy availability of herbal supplements. Factors like side-effects associated with allopathic drugs and rising uptake of dietary supplements are bolstering the market growth.

Amid the COVID-19 crisis, the global market for Herbal Supplements and Remedies estimated at US$64.5 Billion in the year 2020, is projected to reach a revised size of US$111.6 Billion by 2026, growing at a CAGR of 9.3% over the analysis period. Multi-Herbs, one of the segments analyzed in the report, is projected to grow at a 10.3% CAGR to reach US$68.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Herbs segment is readjusted to a revised 8.6% CAGR for the next 7-year period. This segment currently accounts for a 9.8% share of the global Herbal Supplements and Remedies market. The market for specialty herbal supplements is experiencing remarkable increase since the past few years. Specialty products are scientifically proved as safe and efficient dietary supplements aimed at self-help oriented customers.



The U.S. Market is Estimated at $14 Billion in 2021, While China is Forecast to Reach $17.7 Billion by 2026


The Herbal Supplements and Remedies market in the U.S. is estimated at US$14 Billion in the year 2021. The country currently accounts for a 18.5% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$17.7 Billion in the year 2026 trailing a CAGR of 11% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9% CAGR while Rest of European market (as defined in the study) will reach US$3.9 Billion by the end of the analysis period. The global market for herbal supplements and herbal medicine has been predominantly concentrated in the West, due to relatively high levels of health consciousness, and widespread and easy access to products. The ever increasing drive towards staying active, and remaining healthy among the older age population would drive market sales. Major factors driving growth in emerging countries include expanding population base, growing tendency of living healthy among consumers, increasing consumer awareness about wellness and dietary requirements, and growing demand for natural remedies.

Garlic Segment to Reach $5.1 Billion by 2026


Garlic supplements strengthen the immune system, prevent common cold, detoxify, support overall health and wellbeing, improve bone health, prevent infection, prevent specific nutritional deficiencies, enhance athletic performance and support longevity. Increasing instances of cardiovascular diseases caused by hectic lifestyle schedules are propelling the demand for garlic-based herbal supplements. Women in the age group of above 40 years of age are also demanding natural garlic herbal supplements that help in maintaining a healthy heart. In the global Garlic segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$675.6 Billion by the year 2026, while Latin America will expand at a 7.6% CAGR through the analysis period.

Select Competitors (Total 362 Featured) -

  • Arizona Natural Products
  • ARKOPHARMA Laboratories Company Limited
  • Bio-Botanica, Inc.
  • Bionorica SE
  • Blackmores Ltd.
  • Gaia Herbs, LLC
  • Glanbia plc
  • Herb Pharm, LLC
  • Herbalife International of America, Inc.
  • Hevert Arzneimittel GmbH & Co KG
  • Himalaya Wellness Company
  • i-Health, Inc.
  • Indfrag Biosciences Private Limited
  • Jemo-pharm A/S
  • Natures Aid Ltd.
  • Nature’s Bounty, Inc.
  • Solgar Inc.
  • Sundown Naturals
  • NaturaLife Asia Co., Ltd.
  • Nature’s Sunshine Products, Inc.
  • Nature’s Way Products, LLC
  • New Chapter, Inc.
  • Nutraceutical International Corporation
  • Pharma Nord ApS
  • Pharmavite® LLC
  • Potter’s Herbals
  • PuraPharm International (H.K.) Ltd.
  • Rainbow Light Nutritional Systems, Inc.
  • Ricola AG
  • Schaper & Brümmer GmbH & Co. KG
  • Twinlab Consolidated Holdings, Inc.
Frequently Asked Questions about the Global Market for Herbal Supplements and Remedies

What is the estimated value of the Global Market for Herbal Supplements and Remedies?

The Global Market for Herbal Supplements and Remedies was estimated to be valued at $64.5 Billion in 2020.

What is the growth rate of the Global Market for Herbal Supplements and Remedies?

The growth rate of the Global Market for Herbal Supplements and Remedies is 9.6%, with an estimated value of $111.6 Billion by 2026.

What is the forecasted size of the Global Market for Herbal Supplements and Remedies?

The Global Market for Herbal Supplements and Remedies is estimated to be worth $111.6 Billion by 2026.

Who are the key companies in the Global Market for Herbal Supplements and Remedies?

Key companies in the Global Market for Herbal Supplements and Remedies include Arizona Natural Products, ARKOPHARMA Laboratories Company Limited, Bio, Botanica, Inc., Bionorica SE, Blackmores Ltd., Gaia Herbs, LLC, Glanbia plc and Herbalife International of America, Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arizona Natural Products
  • Blackmores Ltd.
  • Herb Pharm, LLC
  • Jemo-pharm A/S
  • Natures Aid Ltd.
  • Pharmavite® LLC

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Herbal Supplements and Remedies - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • A Prelude to Herbs
  • A Prelude to Herbal Supplements and Remedies
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Covid-19 Impact on Herbal Supplements And Remedies
  • Pandemic Leads to Increased Consumer Focus on Health and Wellness Products
  • From Food Security to Health Security, the Pandemic Sends Immune Health Supplements Cruising Down a New Road of Opportunity
  • Pandemic-Induced Changing Consumer Perceptions about Health Foods Favors Herbal Supplements and RemediesMarket
  • Role of Herbal Medicine in the Fight against Covid-19
  • Global Market Prospects and Outlook
  • Herbal Supplements and Remedies Market to Witness Rapid Growth
  • Herbal Supplements & Remedies Market Relishes Shoots of Change with Strong Focus on Preventive Healthcare
  • Growth Drivers Supercharging Herbal Supplements & Remedies Market
  • Europe and the US Represent the Largest Regions, Asia-Pacific to Witness Fastest Growth
  • Heal Thyself Motto amid COVID-19 Makes US Herbal Supplements Market to Exhibit Record Growth
  • Leaves & Medicinal Function Segments Thriving Well in Herbal Supplements & Remedies Market
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Losing Appeal of Conventional Remedies and Growing Consumer Interest in Herbal Medicine and Supplements Drive Healthy Market Growth
  • Research Evidence Supports Positive Role of Herbal Remedies in Boosting Immunity and Stress Management
  • Strong Gains for Animal Feed Application
  • Rising Demand for Herbal Cosmetics Products
  • Latest Product Trends Taking Herbal Supplements Market to New Level
  • Rising Popularity of Curcumin & Turmeric Products
  • Consumer Focus on Self-Care Organic Products
  • Nutritional Deficiency & Sedentary Lifestyle Open New Avenues for Herbal Supplements
  • Elderberry Gains from Immune Support Rush
  • Ashwagandha: A Start Performer
  • Fall of CBD Products
  • Adaptogens
  • Rising Aging Population Drives the Market for Herbal Supplements and Remedies
  • Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030
  • Increased Emphasis on Preventive Healthcare Drives the Market for Herbal Supplements
  • New Technologies Transform Chinese Herbal Medicine
  • Natural Garlic Herbal Supplements for a Healthy Heart
  • Ginkgo Biloba for Treating Blood Disorders and Memory Disorders
  • Echinacea: Widely Known for Immune Stimulating Properties
  • St. John’s Wort for Depression and Mood Disorders
  • Ginseng Supplements for Energy Boost
  • Increasing Focus on Weight Management Spurs Demand for Herbs that Aid Weight Loss
  • Danger of Drug Interactions Hinders Herbal Supplement Usage among Kidney Patients
  • Risk Drug Interactions between Herbs and Conventional Drugs Challenge Market Prospects
  • Macro Factors Driving Growth of Herbal Supplements and Remedies Market
  • Ballooning Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Demand
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Urbanization Trend
  • World Urban Population in Thousands: 1950-2050P
  • Burgeoning Middle Class Population
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Herbal Supplements and Remedies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 362
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Arizona Natural Products
  • ARKOPHARMA Laboratories Company Limited
  • Bio-Botanica, Inc.
  • Bionorica SE
  • Blackmores Ltd.
  • Gaia Herbs, LLC
  • Glanbia plc
  • Herb Pharm, LLC
  • Herbalife International of America, Inc.
  • Hevert Arzneimittel GmbH & Co KG
  • Himalaya Wellness Company
  • i-Health, Inc.
  • Indfrag Biosciences Private Limited
  • Jemo-pharm A/S
  • Natures Aid Ltd.
  • Nature’s Bounty, Inc.
  • Solgar Inc.
  • Sundown Naturals
  • NaturaLife Asia Co., Ltd.
  • Nature’s Sunshine Products, Inc.
  • Nature’s Way Products, LLC
  • New Chapter, Inc.
  • Nutraceutical International Corporation
  • Pharma Nord ApS
  • Pharmavite® LLC
  • Potter’s Herbals
  • PuraPharm International (H.K.) Ltd.
  • Rainbow Light Nutritional Systems, Inc.
  • Ricola AG
  • Schaper & Brümmer GmbH & Co. KG
  • Twinlab Consolidated Holdings, Inc.
Note: Product cover images may vary from those shown