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Herbal Supplements Market Developments Leading to USD 204.14

By โ”‚Published On: June 11, 2024โ”‚3.2 min readโ”‚Views: 43โ”‚0 Comments on Herbal Supplements Market Developments Leading to USD 204.14โ”‚

Herbal Supplements Market

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๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค: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.


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.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐š๐ง๐ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

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.

๐Š๐ž๐ฒ ๐๐š๐ซ๐ญ๐ข๐œ๐ข๐ฉ๐š๐ง๐ญ๐ฌ:

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:

โ€ข Herbalife International of America Inc.

โ€ข Ricola AG

โ€ข Archer Daniels Midland Company

โ€ข Nutraceutical International Corporation

โ€ข Bio-Botanica Inc.

โ€ข Arizona Natural Products

โ€ข lackmores Ltd

โ€ข The Himalaya Drug Company

โ€ข Dr. Willmar Schwabe GmbH & Co. KG

โ€ข Rainbow Light Nutritional Systems.

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ญ:

๐‚๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐–๐ข๐ฌ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข North America (U.S., Canada)

โ€ข Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

โ€ข Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)

โ€ข Latin America (Brazil, Mexico, Argentina)

โ€ข Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐๐ฒ ๐’๐จ๐ฎ๐ซ๐œ๐ž:




Fruits & Vegetables


๐๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง:

Food and Beverage


Personal Care


๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐Ÿ๐ฎ๐ฅ๐ฅ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž:

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.

๐‡๐ž๐ซ๐›๐š๐ฅ ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โ€ข 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.

โ€ข 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.

โ€ข 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.

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

๐ˆ๐ง๐ฎ๐ฅ๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐€๐ช๐ฎ๐š๐ฉ๐จ๐ง๐ข๐œ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐๐ซ๐จ๐›๐ข๐จ๐ญ๐ข๐œ๐ฌ ๐ƒ๐ข๐ž๐ญ๐š๐ซ๐ฒ ๐’๐ฎ๐ฉ๐ฉ๐ฅ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐Œ๐ž๐ฆ๐›๐ซ๐š๐ง๐ž ๐…๐ข๐ฅ๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐–๐ก๐ž๐ฒ ๐๐ซ๐จ๐ญ๐ž๐ข๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

Polaris Market Research

Phone: +1-929-297-9727


๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

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.

This release was published on openPR.

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