According to a new market study by Future Market Insights, the global herbal supplements market is forecasted to expand at a healthy rate between 2020 and 2030.
The report attributes the growth of the market to increasing preference for natural foods, rising awareness regarding preventive health care, and surging expenditure on health and wellness. Furthermore, the widening base of geriatric population and rising incidence of chronic diseases are asserting market players to seek organic, natural ingredients.
In the recent past, there has been a paradigm shift in consumer preference for organic products. As a result of the flourishing trend of health and wellness, the demand for herbal supplements has increased significantly. Likewise, rising disposable income in developing countries has increased the spending power of consumers, thus enabling them to afford herbal supplements.
Furthermore, herbal supplements aid in lowering the levels of cholesterol, reduce stress, and ensure the proper functioning of the digestive system, among other benefits. Along similar lines, the introduction of numerous healthcare initiatives and tax benefits by governments across the world are positively influencing the growth trajectory.
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“As consumers seek effective yet economical pharmaceuticals market players are focusing on carefully planning their operational expenses to maintain optimal costs of the products.”, opines FMI analyst.
Herbal Supplements Market – Key Takeaways
Herbal Supplements Market – Key Trends
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Herbal Supplements Market – Regional Analysis
Herbal Supplements Market – Competitive Landscape
Some of the key players operating in the market include Martek Biosciences Corporation, Natures Aid, DSM Nutritional Products Ltd., i-Health, Inc., Nutraceutical Corporation, Ricola AG, Bio-Botanica, Inc., ARKOPHARMA Pharmaceutical Laboratories, and The Himalaya Drug Company. Market players are focusing on direct sales, product bundling deals, and comprehensive discounts to gain competitive advantage.
Herbal Supplements Market – Taxonomy
Table Of Content
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Herbal supplements Market Demand Analysis 2015-2019 and Forecast, 2020-2030
5. Global Herbal supplements Market – Pricing Analysis
6. Global Herbal supplements Market Demand (Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
7. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Source
8. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Application
9. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Form
10. Global Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030, By Region
11. North America Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030
12. Latin America Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030
13. Europe Herbal supplements Market Analysis 2015-2019 and Forecast 2020-2030
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