Global Herbal Supplements Market 2016-2020 Description
TechNavio - Infiniti Research Ltd.
About Herbal Supplements
A type of dietary supplement made of herbs, or when parts of herbs are used in supplements for scent, flavor, or potential therapeutic properties. In dietary supplements, the demand for herbal supplements is growing because of the growing demand for natural products.
Technavio’s analysts forecast the global herbal supplements market to grow at a CAGR of 6.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global herbal supplements market for 2016-2020. To calculate the market size, the report considers the revenue generated from from the sale of herbal supplements.
The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW
Technavio's report, Global Herbal Supplements Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Gaia Herbs
- Herb Pharm
- Nature’s Bounty
- Nutraceutical
- Rainbow Light Nutritional Systems
Other prominent vendors - Arizona natural products
- Arkhopharma
- Bio-Botanica
- Blackmores
- i-Health
- Megafood (FoodState)
- New Chapter
- Pharma Nord APS
- Pharmavite
- Ricola USA
- Solgar
- Sundown Nutrition
Market driver - Considerable growth in older population
- For a full, detailed list, view our report
Market challenge - Loss of consumer confidence
- For a full, detailed list, view our report
Market trend - Increasing demand for dietary supplements among women
- For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Press Release
Technavio Announces the Publication of its Research Report – Global Herbal Supplements Market 2016-2020
Technavio recognizes the following companies as the key players in the global herbal supplements market: Gaia Herbs, Herb Pharm, Nature's Bounty, Nutraceutical, and Rainbow Light Nutritional Systems.
Other Prominent Vendors in the market are: Arizona natural products, Arkhopharma, Bio-Botanica, Blackmores, i-Health, Megafood, New Chapter, Pharma Nord APS, Pharmavite, Ricola USA, Solgar, and Sundown Nutrition.
Commenting on the report, an analyst from Technavio’s team said: “One trend spurring growth is the increasing demand for dietary supplements among women. The use of dietary supplements, particularly herbal supplements, is increasing among adults. Use of dietary supplements is higher among women than men and increases with age and education. In the US, for instance, 71% of women, in comparison with 61% of men, take dietary supplements. High use among women is attributed to high requirement of calcium and iron in women.”
According to the report, one driver facilitating growth is the growing awareness about benefits of dietary supplements. Functional foods are fortified with ingredients required to improve health. Increasing work pressure and busy schedule has led to unhealthy eating habits such as fast food and meals-on-the-go, which does not always fulfill the nutritional requirement. To fill the gap in nutritional requirements consumers are opting for functional foods such as supplements in the form of powder, syrup, or tablets in their daily diet to minimize the chances of developing health complications and remain healthy and fit.
Further, the report states that one challenge that will impede market growth is the inadequate knowledge about health benefits of herbal supplements. Despite the increase in the consumption of herbal supplements in various forms, there are sections of the global population that are ignorant about the benefits of adequate intake of these supplements and theirs benefits in everyday life. The diets of women population in developing countries and under-developed countries are inadequate in terms of nutrition. During pregnancy, many women are unaware of the any type of deficiency and recognize the condition only when it has progressed to a more serious health disorder.
Companies Mentioned
Gaia Herbs, Herb Pharm, Nature's Bounty, Nutraceutical, Rainbow Light Nutritional Systems, Arizona natural products, Arkhopharma, Bio-Botanica, Blackmores, i-Health, Megafood, New Chapter, Pharma Nord APS, Pharmavite, Ricola USA, Solgar, and Sundown Nutrition.
