Press release
Herbal Supplements Market Developments Leading to USD 204.14 billion by 2032 With CAGR 9.2%
๐๐๐ซ๐ค๐๐ญ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:โ The global herbal supplements market generated USD 92.84 billion in 2023
โ The market is expected to expand at a CAGR of 9.2% from 2024 to 2032.
โ The industry is expected to grow to USD 204.14 billion by 2032.
๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Herbal supplements are plant-derived goods such as oils, roots, leaves, seeds, berries, and flowers. Many have been utilized for millennia and may provide specific health benefits and healing properties. Herbal supplements include active substances derived from herbs. These therapeutic dietary supplements are commercially available in tablet, capsule, powder, or liquid form. Because of their therapeutic characteristics, they are commonly used to treat a wide range of conditions.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/herbal-supplements-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ ๐๐๐ญ๐จ๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
In recent years, there has been a noticeable movement in consumer preferences for natural approaches to healthcare products, with a greater emphasis on prevention and well-being. As consumers become more aware of the possible health advantages of various herbs, botanicals, and plant extracts, they are incorporating herbal supplements into their daily routines as a bold move toward maintaining or improving their health.
๐๐๐ฒ ๐๐๐ซ๐ญ๐ข๐๐ข๐ฉ๐๐ง๐ญ๐ฌ:
With so many businesses involved, the industry is projected to become more competitive as it continues to grow. Some of the major players participating in the herbal supplements market are:
โข Herbalife International of America Inc.
โข Ricola AG
โข Archer Daniels Midland Company
โข Nutraceutical International Corporation
โข Bio-Botanica Inc.
โข Arizona Natural Products
โข lackmores Ltd
โข The Himalaya Drug Company
โข Dr. Willmar Schwabe GmbH & Co. KG
โข Rainbow Light Nutritional Systems.
๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ:
https://www.polarismarketresearch.com/buy/340/2
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ข๐ฌ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
โข North America (U.S., Canada)
โข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
โข Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
โข Latin America (Brazil, Mexico, Argentina)
โข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐:
Leaves
Roots
Bark
Fruits & Vegetables
Others
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง:
Food and Beverage
Pharmaceuticals
Personal Care
Others
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐ซ๐๐ฉ๐จ๐ซ๐ญ, ๐ก๐๐ซ๐:
https://www.polarismarketresearch.com/industry-analysis/herbal-supplements-market
The market is mainly segmented based on source, functionality, application, distribution channel, and region. According to the functionality study, in 2023, herbal supplements with therapeutic functionality would be the highest income driver in the herbal supplements market, offering a growing customer passion for genuine health resolutions. Furthermore, based on the distribution channel research, the offline retailer segment is expected to have a larger revenue share in the worldwide herbal supplement industry due to the prevalence of conventional retail media in the sale of fitness and healthy products.
๐๐๐ซ๐๐๐ฅ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:
โข Medicinal functionality emerges as the top revenue generator in the herbal supplement market. This reflects the increasing preference among consumers for natural health remedies. Scientific research and studies that support the therapeutic benefits of specific herbs have also played a vital role in driving the popularity of herbal supplements for medicinal purposes.
โข The offline stores segment is expected to hold a greater revenue share for herbal supplements in the global market due to the significant presence of traditional retail channels in the distribution of health and wellness products.
โข The regulatory environment in North America fosters consumer trust in herbal supplements, leading to a significant expected CAGR in the region's herbal supplement market.
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐ง๐ฎ๐ฅ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/global-inulin-market
๐๐ช๐ฎ๐๐ฉ๐จ๐ง๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/aquaponics-market
๐๐ซ๐จ๐๐ข๐จ๐ญ๐ข๐๐ฌ ๐๐ข๐๐ญ๐๐ซ๐ฒ ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/probiotics-dietary-supplements-market
๐๐๐ฆ๐๐ซ๐๐ง๐ ๐ ๐ข๐ฅ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/membrane-filtration-market
๐๐ก๐๐ฒ ๐๐ซ๐จ๐ญ๐๐ข๐ง ๐๐๐ซ๐ค๐๐ญ
https://www.polarismarketresearch.com/industry-analysis/whey-protein-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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