1. Market Research
  2. > Food
  3. > Packaged Food
  4. > Functional Food
  5. > Nutraceutical Market Trends
Global Herbal Nutraceuticals Market By Nature, By Product Type, By Distribution Channel, By Form, By Region, Industry Analysis and Forecast, 2020 - 2026

Global Herbal Nutraceuticals Market By Nature, By Product Type, By Distribution Channel, By Form, By Region, Industry Analysis and Forecast, 2020 - 2026

  • December 2020
  • 244 pages
  • ID: 6021500
  • Format: PDF
  • KBV Research

Summary

Table of Contents

Search Inside

The Global Herbal Nutraceuticals Market size is expected to reach $64.3 billion by 2026, rising at a market growth of 11.4% CAGR during the forecast period. Nutraceuticals refer to goods that are derived from herbal commodities, vitamins, minerals, and nutritional substances that are consumed by people for their physiological benefits and also to enhance immunity against various diseases. Herbal medicines are beneficial over conventional products because they are low-priced, having fewer side effects, and have the natural healing procedure for strengthening the immune system. Growth in the field of herbal medicines and its medicinal products market will significantly drive the herbal nutraceuticals market.

The herbal supplements are widely used because of their medicinal properties and remedies for various diseases for many years. Many people across the globe are getting inclined towards herbal supplements because of their additional health benefits. These are the natural non-food substances and non-pharmaceuticals which are used for the improvement of one’s health. The herbal supplements are derived from plant resources and have slight or sometimes no side effects. The customers’ attention towards health has led to its rising demand for herbal nutraceuticals market. Moreover, the increased cost of nutritional and medicinal products drives the growth of worldwide herbal supplements and their remedies market.

Some of the factors accountable for this leading revenue share include leaning towards natural supplements, high purchasing power, and spending on various products of health and wellness. The possibility of developing lifestyle diseases like obesity and diabetes, is greater among the customers of this age group, due to which they rely on these herbal supplements for disease management. In addition, because of their medicinal properties, these products are also used in the prevention of disease, and the in-progress trend of preventive healthcare among people of this age group will boost the segment growth.

By Nature

Based on Nature, the market is segmented into Conventional and Organic. The Conventional market held the highest market share in the Global Herbal Nutraceuticals Market by Nature 2019. However, rising demand for Organic supplements have fueled the adoption of Organic Nutraceuticals market is during the forecast period.

By Product Type

Based on Product Type, the market is segmented into Ginger, Turmeric, Green Tea, Garlic, and Aloe Vera. The turmeric supplement segment is expected to record the fastest CAGR in the forecast period. The increasing significance of turmeric for therapeutic measures s along with the extensive clinical studies showing the effectiveness of turmeric supplements, have supplemented the segment’s growth. This can also be used for treating metabolic syndrome, anxiety, hyperlipidemia, and also inflammatory and oxidative conditions.

By Distribution Channel

Based on Distribution Channel, the market is segmented into Pharmacy, Supermarket/ Hypermarket, Online Stores and Other Channels. The Supermarket/ Hypermarket market dominated the Global Herbal Nutraceuticals Market by Distribution Channel 2019. The Pharmacy market would showcase highest CAGR of 11% during (2020 - 2026).

By Form

Based on Form, the market is segmented into Capsules & Tablets, Liquid, Powder, and Others. In the year 2019, the capsule formulation segment is among the major revenue generating segment in the herbal supplements market owing to the availability of a range of herbal supplements in a variety of sizes based on dosage in form. The customers prefer capsules over tablets due to ease of swallowing and also lesser irritation to the GI tract.

By Region

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. Asia Pacific is the leading market in herbal supplements with one of the maximum shares in the forecast period due to an increase in awareness among the people regarding herbal supplements for healthcare. Furthermore, consumption of these nutraceutical products for improving health, increasing lifestyle-related diseases such as Osteoporosis, well-known healthcare infrastructure and technological advancements, and ever-increasing R&D by major players in the region. These are some of factors expected to speed up market growth.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A. (Pure Encapsulations, LLC), NOW Foods, Inc., The Nature’s Bounty Co. (The Carlyle Group L.P.), Gaia Herbs, Inc., Oregon’s Wild Harvest, Bio-Botanica, Inc., Solaray, Inc., Herbochem and Herb Pharma AG.

Strategies deployed in Herbal Nutraceuticals Market

Dec-2020: Nature’s Bounty broadened its immune support portfolio by launching Immune 24 Hour+. It is one-of-a-kind supplement that contains the only Vitamin C with 24 hour immune support.

Oct-2020: Gaia Herbs came into partnership with German natural products company, SALUS Haus. Following the partnership, Gaia became the exclusive U.S. distributor of Salus Herbal and Dietary Supplements.

Aug-2019: Nature’s Bounty introduced Sundown Organics. These organics feature 12 frequently taken supplements. The lineup includes Well, Active Energy Complex, Terrific Tummy Probiotic, Sincerely Turmeric, Respond Immune Complex, Stress Escape, Goodnight Herbal Complex, Strong Bones Core Complex, Ener-B B12 1000 MCG, Positively Pretty Hair, and Skin & Nails Complex.

Apr-2019: Gaia Herbs launched the new line of vegan nootropic supplements, Bacopa, Agile Mind, and Nootropic Focus. This new line provides the powerful benefits of nootropics in the way nature intended, using traditional herbs to nourish the mind.

Mar-2019: Gaia Herbs is launching the new, modern packaging and three new product lines. These lines are Hemp, Nootropics, and Mushroom & Herbs Functional Powders.

Jan-2019: Nature’s Bounty announced the launch of a new line of softgel dietary supplements. These supplements have been designed for helping users enhance their appearance through targeted nutritional formulas. The seven offerings include MoistureTreat, a product that hydrates dry skin from the inside out; GoodnightLovely, a formula assisting sleep while also providing overnight hydration for skin; SkinElasticity, targeting skin elasticity and healthy aging; ClearComplexion, this supplement supports a clear complexion for people with non-cystic acne; GlowOn, a supplement aimed at promoting hydrated, glowing skin; EvenBeauty, a formulae that supports skin tone, radiance, and smoothness; HappySmile, a product that helps promote oral health.

Jun-2018: Solaray released the excipient-free herbs, fermented mushrooms. The products included in this range are Fermented Beet, Dandelion, Fenugreek, Alfalfa, Burdock, Ginger, and Echinacea. Solaray has also introduced a range of fermented mushrooms, including Lion’s Mane, Cordyceps, and Turkey Tail.

Scope of the Study

Market Segments covered in the Report:

By Nature

• Conventional

• Organic

By Product Type

• Ginger

• Turmeric

• Green Tea

• Garlic

• Aloe Vera

By Distribution Channel

• Pharmacy

• Supermarket/ Hypermarket

• Online Stores

• Other Channels

By Form

• Capsules & Tablets

• Liquid

• Powder

• Others

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• Nestle S.A. (Pure Encapsulations, LLC)

• NOW Foods, Inc.

• The Nature’s Bounty Co. (The Carlyle Group L.P.)

• Gaia Herbs, Inc.

• Oregon’s Wild Harvest

• Bio-Botanica, Inc.

• Solaray, Inc.

• Herbochem

• Herb Pharma AG.

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2020

Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on