Herbal Supplements Market was worth USD 66.61 billion in 2018
Similarly herbal supplements also employ the use of plant to supplement a diet or use them for medicinal purposes.
(EMAILWIRE.COM, December 11, 2018 ) Herbal Supplements Market Overview
An herbal health product or supplement is a type of dietary supplement that contains one or more herbs. It is also called botanical product. Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health. Plants provide many nutrients as well as have many medicinal benefits. An example of this is use of eucalyptus leaves to manufacture eucalyptus oil through distillation. Herbal Supplements contain one or more dietary ingredients including vitamins, minerals, herbs or other botanicals, amino acids, and certain other substances or their constituents.
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Some of the key factors contributing to the market growth are rising inclination towards natural products, awareness regarding preventive healthcare, and surging spending on health and wellness. Growing geriatric population coupled with the rising prevalence of chronic conditions is also fueling the demand for herbal products across the globe. However, high cost of raw materials stringent regulations and some side effects caused by herbal supplements are hindering the growth of market.
Herbal Supplements Market Forecast Report (2018-2023)
Global Herbal Supplements Market was worth USD 66.61 billion in 2018 and is projected to be growing at a CAGR of 6.8%, to touch USD 92.55 billion by 2023.
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Herbal Supplements Market Segmentation
The Global Herbal Supplements Market is segmented on the basis of source, Application, function and form. Based on source, the market is segmented into leaves, barks, roots, fruits and vegetables. By application, the market is divided into Pharmaceuticals, Personal Care, and Food & Beverages. Based on Functions, the market is categorized into Medicinal, Aroma. Based on Form, the market is segmented into Powder, Syrups, Oils, capsules & Tablets. On the basis of function, the market is divided into medicinal and aroma.
The market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. As of 2018, Europe leads the market, accounting for the major global market share.
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Major Players:
The major companies dominating this market for its products and services are
Archer Daniels Midland Company
Glanbia plc
Herbalife International of America, Inc.
Blackmores
Nutraceutical International Corporation
NBTY Inc.
Arizona Natural Products
Ricola, NaturaLife Asia Co., Ltd.
Bio-Botanica Inc.
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About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
An herbal health product or supplement is a type of dietary supplement that contains one or more herbs. It is also called botanical product. Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health. Plants provide many nutrients as well as have many medicinal benefits. An example of this is use of eucalyptus leaves to manufacture eucalyptus oil through distillation. Herbal Supplements contain one or more dietary ingredients including vitamins, minerals, herbs or other botanicals, amino acids, and certain other substances or their constituents.
Request for Sample @ https://www.marketdataforecast.com/market-reports/herbal-supplements-market-7308/request-sample
Some of the key factors contributing to the market growth are rising inclination towards natural products, awareness regarding preventive healthcare, and surging spending on health and wellness. Growing geriatric population coupled with the rising prevalence of chronic conditions is also fueling the demand for herbal products across the globe. However, high cost of raw materials stringent regulations and some side effects caused by herbal supplements are hindering the growth of market.
Herbal Supplements Market Forecast Report (2018-2023)
Global Herbal Supplements Market was worth USD 66.61 billion in 2018 and is projected to be growing at a CAGR of 6.8%, to touch USD 92.55 billion by 2023.
Browse Report Brief and TOC @ https://www.marketdataforecast.com/market-reports/herbal-supplements-market-7308/
Herbal Supplements Market Segmentation
The Global Herbal Supplements Market is segmented on the basis of source, Application, function and form. Based on source, the market is segmented into leaves, barks, roots, fruits and vegetables. By application, the market is divided into Pharmaceuticals, Personal Care, and Food & Beverages. Based on Functions, the market is categorized into Medicinal, Aroma. Based on Form, the market is segmented into Powder, Syrups, Oils, capsules & Tablets. On the basis of function, the market is divided into medicinal and aroma.
The market has been geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. As of 2018, Europe leads the market, accounting for the major global market share.
Buy now @ https://www.marketdataforecast.com/cart/buy-now/herbal-supplements-market-7308/
Major Players:
The major companies dominating this market for its products and services are
Archer Daniels Midland Company
Glanbia plc
Herbalife International of America, Inc.
Blackmores
Nutraceutical International Corporation
NBTY Inc.
Arizona Natural Products
Ricola, NaturaLife Asia Co., Ltd.
Bio-Botanica Inc.
Customize Report @ https://www.marketdataforecast.com/market-reports/herbal-supplements-market-7308/customize-report
About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results