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Herbal Supplements and Remedies - Global Market Trajectory & Analytics

  • ID: 338400
  • Report
  • April 2021
  • Region: Global
  • 262 Pages
  • Global Industry Analysts, Inc
Global Herbal Supplements and Remedies Market to Reach $166.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Herbal Supplements and Remedies estimated at US$104.6 Billion in the year 2020, is projected to reach a revised size of US$166.2 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Multi-Herbs, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$99.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Herbs segment is readjusted to a revised 6.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $28.3 Billion, While China is Forecast to Grow at 10.6% CAGR

The Herbal Supplements and Remedies market in the U.S. is estimated at US$28.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$37 Billion by the year 2027 trailing a CAGR of 10.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Garlic Segment to Record 4.4% CAGR

In the global Garlic segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion in the year 2020 will reach a projected size of US$5.1 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$22.6 Billion by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 109 Featured):
  • Arizona Natural Products
  • ARKOPHARMA Laboratories Company Limited
  • Bio-Botanica, Inc.
  • Blackmores Ltd.
  • Gaia Herbs LLC
  • Herbalife International of America Inc.
  • Indfrag Ltd.
  • Jemo-pharm A/S
  • NaturaLife Asia Co. Ltd.
  • Nature`s Bounty Inc.
  • Pharma Nord ApS
  • Pharmavite® LLC
  • Potter`s Herbals
  • Ricola AG
  • Twinlab Consolidated Holdings Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Herbal Supplements and Remedies: Enabling Effective Maintenance of General Health the Natural Way
  • Recent Market Activity
  • Effectiveness of Herbs in Preventing and Treating Various Health Conditions: The Fundamental Growth Driver
  • Herbal Supplements for Specific Medical Conditions
  • Efficacy in Long-Term Management of Certain Disorders
  • Global Market Outlook
  • Developed Markets Dominate, While Developing Countries Spearhead Growth
2. FOCUS ON SELECT PLAYERS
  • Arizona Natural Products (USA)
  • ARKOPHARMA Laboratories Company Limited (France)
  • Bio-Botanica, Inc. (USA)
  • Bionorica SE (Germany)
  • Blackmores Ltd. (Australia)
  • Gaia Herbs, LLC (USA)
  • Glanbia plc (Ireland)
  • Herb Pharm, LLC (USA)
  • Herbalife International of America, Inc. (USA)
  • Hevert Arzneimittel GmbH & Co KG (Germany)
  • Himalaya Drug Company (India)
  • i-Health, Inc. (USA)
  • Indfrag Ltd. (India)
  • Jemo-pharm A/S (Denmark)
  • Natures Aid Ltd. (UK)
  • Nature’s Answer (USA)
  • Nature's Bounty, Inc. (USA)
  • Solgar Inc. (USA)
  • Sundown Naturals (USA)
  • NaturaLife Asia Co., Ltd. (South Korea)
  • Nature's Sunshine Products, Inc. (USA)
  • Nature’s Way Products, Inc. (USA)
  • New Chapter, Inc. (USA)
  • Nutraceutical International Corporation (USA)
  • Pharma Nord ApS (Denmark)
  • Pharmavite® LLC (USA)
  • Potter’s Herbals (UK)
  • PuraPharm Corporation Limited (Hong Kong)
  • Rainbow Light Nutritional Systems, Inc. (USA)
  • Ricola AG (Switzerland)
  • Schaper & Brümmer GmbH & Co. KG (Germany)
  • Twinlab Consolidated Holdings, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Losing Appeal of Chemical Remedies and Growing Consumer Interest in Herbal Medicine and Supplements Drive Healthy Market Growth
  • 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: The Age Old Ingredient in Various Medicinal Preparations
  • Unique Healthcare Needs of Women Propel Demand for Various Herbal Supplements
  • Transition from Product-Driven to a Health-Driven Nature of Herbal Supplements Benefit Market Expansion
  • Ayurvedic Supplements Go Mainstream
  • Focus on Disease Prevention than Treatment Boosts Adoption
  • Increasing Focus on Weight Management Spurs Demand for Herbs that Aid Weight Loss
  • Epidemic Proportions of Obesity Lead to Increased Focus on Weight Management
  • Ginger and Turmeric: Wonder Herbal Ingredients with Impressive Health Benefits
  • Ginger Relieves Motion Sickness and Sea Sickness
  • Ginger: Helpful in Nausea Treatment
  • Turmeric Gain NoTable Attention as Medical Remedy
  • Soy and Aloe Vera: Niche, yet Hugely Popular Herbal Supplements
  • Health Benefits of Soy
  • Some of the Major Benefits of Aloe Vera to the Human Body
  • Some Health Benefits of Aloe Vera Juice
  • Rhodiola, Milk Thistle, Feverfew, and Saw Palmetto Gain Prominence in Various Remedies
  • Rhodiola Herb Supplement Reduce Stress and Fatigue
  • Milk Thistle for Liver Detoxification
  • Feverfew Herbal Supplement for Enhancing Digestive Health
  • Saw Palmetto Herbal Supplement for Prostate Health
  • Consumer Attitudes Vacillate with Conflicting Research Results
  • Herbal Supplement Usage in Dentistry Surges amid Concerns
  • Internet Emerges as an Effective Sales Channel
  • Favorable Demographic and Economic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • Longer Life Expectancy
  • Exponential Increase in Urban Population
  • Aging Population
  • Rising Disposable Incomes
  • India & China: Important Potential Future Markets
  • Key Challenges Hampering Growth Prospects for Herbal Medicines and Supplements
  • Some NoTable Herbal Supplement Bans
  • Herbal Remedies Endangering Wild Plant Species
  • Combining Prescription Drugs with Herbal Supplements can Cause Harm
  • Herbal Supplements May Increase the Risk of Breast Cancer
  • Impact of Herbal Supplements on Patients Undergoing Plastic Surgery
  • Herbal Remedies & Arthritis Patients
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 109
Note: Product cover images may vary from those shown
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