The market research report, from Fast.MR studies the “Herbal Supplements Market” for the forecast period of 2020 to 2025 in terms of value. The market research report on herbal supplements will represent the analysis of all the segments, which will include the market size, Y-O-Y growth analysis and structure of the overall industry.
The global herbal supplements market is expected to grow at a compound annual growth rate (CAGR) of 9.7% from 2020 to 2025. In terms of value, global herbal supplements market is expected to reach USD 128.4 Billion by 2025 from USD 63.6 Billion in 2019.
The herbal supplements market research report determines the market dynamics, which includes growth drivers, barriers, opportunities, and trends leading the current nature and future status of this market. In addition to this, Porter’s Five Forces analysis demonstrates the five forces which include buyers bargaining power, suppliers bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the global market. Further, the report offers recent industry activities and value chain analysis for the herbal supplements market.
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Herbal Supplements Market: Segment Information
The global herbal supplements market is segmented on the basis of source, functionality, application and distribution channel. In the source segment, the market is segmented into fruits & vegetables, leaves, roots, bark and others, out of which, fruits & vegetable segment is estimated to capture significant CAGR (Compound Annual Growth Rate) over the forecast period, i.e., 2020-2025. In the functionality segment, the market is divided into medicinal, aromatic and other functions, out of which, a medicinal segment is expected to register a higher market share in the global herbal supplements market over the forecast period.
Based on application, the market is segregated into food & beverages, dietary supplements, pharmaceuticals, personal care and others, out of which, the pharmaceuticals segment is anticipated to reach a notable value by the end of 2025. In addition, the market is segmented on the basis of distribution channel into offline stores and online stores.
Herbal Supplements Market: Regional Outlook
In terms of geography, the global herbal supplements market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Further, the market is divided on the basis of countries into
- North America (U.S. and Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East & Africa)
Herbal Supplements Market: Competitive Landscape
The report includes profiles of leading companies in the global herbal supplements market. Some of the key players profiled include:
• Herbalife Nutrition
• Archer Daniels Midland Company
• Nature's Bounty Co.
• Glanbia plc
• Ricola AG
• Nutraceutical International Corporation
• Blackmores Limited
• Arizona Natural Products
• Herb-Pharm, LLC
• Naturalife Asia Co., Ltd.
• Other Major & Niche Players
Timeline Considered for Analysis:
- 2019 – Base Year
- 2020 – Estimated Year
- 2020 to 2025 – Forecast Year
Key Insights Covered in the Report:
• A detailed assessment of the herbal supplements market and estimations about market growth at the global, regional, and country levels
• Market sizing and Y-o-Y growth rate projection of different segments and sub-segments of the market
• Market dynamics including growth factors, challenges, industry trends and opportunities for upcoming and emerging players in the market
• Discussing the strategies adopted by the key and prominent players in order to improve their sales and standing in the market
• Providing a comprehensive analysis of the market shares and market positions of the established players in the herbal supplements market
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