Global Herbal Supplement Market to Witness Impressive Growth, Revenue to Surge to USD 125.7 Billion By 2028

The global Herbal Supplement market size accounted for USD 71.2 Billion in 2020 and is expected to reach USD 125.7 Billion by 2028, growing at a CAGR of around 6.9% between 2021 and 2028.  

The report covers forecast and analysis for the Herbal Supplement market on a global and regional level. The study provides historic data from 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study includes drivers and restraints for the Herbal Supplement market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Herbal Supplement market on a global level.

This report offers comprehensive coverage on global Herbal Supplement market along with, market trends, drivers, and restraints of the Herbal Supplement market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Herbal Supplement market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, and secondary and primary research teams of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.

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North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of the global Herbal Supplement market. Asia-Pacific is anticipated to remain the leading region over the forecast period. The huge adoption rate of traditional medicine for the management of a number of diseases in this region is one of the key reasons fueling the growth of the market. In addition to this, the presence of a large geriatric population base coupled with growing exports of herbal products boosts market growth. India and China are the key exporters of herbal supplements.

The study offers a vital outlook on the Herbal Supplement market by designating the market based on source, application, function, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. Key sources covered in this study include bark, leaves, roots, and fruits & vegetables. Based on application, the global herbal supplement market is segmented into food & beverages, pharmaceuticals, and personal care. Based on the function, the global herbal supplement market is bifurcated into aroma and medicinal. The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Furthermore, these major regions are bifurcated into major countries such as the U.S., Canada, Mexico, Poland, Russia, the UK, France, Germany, China, Japan, India, South Korea, ASEAN, Brazil, and Argentina.

The report covers a detailed competitive outlook including company profiles of the key participants operating in the global market.

Key players profiled in the report include 

The major players operating in the Herbal Supplement market are 

• Arizona Natural Products
• Archer Daniels Midland Company
• Blackmores
• Bio-Botanica Inc.
• Herbalife International of America Inc.
• Glanbia PLC
• Nutraceutical International Corporation
• Naturalife Asia Co. Ltd.
• The Nature's Bounty Co.
• Ricola.

Browse the full “Herbal Supplement Market by Source (Leaves, Barks, Fruits & vegetables, and Roots), Application (Pharmaceuticals, Food & beverages, and Personal care), By Function (Medicinal and Aroma): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/herbal-supplement-market

The report segments the Herbal Supplement Market into:

By Source

• Leaves
• Barks
• Fruits & vegetables
• Roots

By Application

• Pharmaceuticals
• Food & beverages
• Personal care

By Function

•  Medicinal
•  Aroma

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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