As per this study, the Global Herbal Supplement And Remedies Market was valued USD XX BN (by revenue) in 2022 and is anticipated to reach USD XX BN by 2030 with a CAGR of X%.
Herbal supplement, alternatively known as botanicals, is the plant-derived dietary supplement consumed to improve health. Whereas, herbal remedy is a medication prepared by mixing herbs with therapeutic properties to prevent or cure a medical condition. Increase in sales of the herbal-based product at a healthy pace owing to consumer preferences towards such products. The growing preference for plant-based products across the globe, highlight the positive outlook of the market.
Market Dynamics
A shift in consumer preference towards herbal medication is the major driver driving the market growth. Increasing health awareness, the growing rate of supplement consumption and rising elderly population with a chronic condition is again boosting the market growth. Also, the high demand of plant-based products owing to no side effects is fueling the market growth. However, the risk of adulteration and delayed recovery are the factors restraining market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of herbal supplement and remedies.
Market Segmentation
The broad herbal supplement and remedies market has been sub-grouped into product. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Types
- Spices
- Essential Oils
- Phytomedicines
By Sources
- Leaves
- Fruits
- Flowers
- Roots
- Stems
- Barks
- Seeds
By Processes
- Water Extraction
- Drying
- Cold Pressing
- Steam Distillation
- Enfleurage
- Supercritical CO2 Extraction
- Low-boiling Solvent Extraction
- Maceration
- Fermentation
By Applications
- Food & Beverages
- Pharmaceuticals
- Personal Care & Cosmetics
- Nutraceuticals
By Distribution Channels
- Online
- Offline
- Specialty Stores
- Pharmacies
By End Users
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for herbal supplement and remedies in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Herbal Supplement And Remedies Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Herbal Supplement And Remedies market. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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