Dublin, July 24, 2024 (GLOBE NEWSWIRE) -- The "Herbal Supplements and Remedies - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Herbal Supplements and Remedies is estimated at US$90.7 Billion in 2023 and is projected to reach US$160.6 Billion by 2030, growing at a CAGR of 8.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the herbal supplements and remedies market is driven by several factors including an increasing preference for natural products, rising health awareness, and aging populations. As people become more health-conscious, there is a significant shift towards preventive healthcare, which prominently features the use of herbal products to boost immunity and overall health.
Aging populations worldwide contribute to this trend, as older adults seek natural remedies to maintain health and manage age-related conditions. Technologically, advancements in extraction and production techniques have improved the potency, safety, and shelf life of herbal products, making them more appealing to consumers.
Regulatory support has also grown, with more governments recognizing and integrating traditional herbal medicine into national health systems, further legitimizing these products. Economic factors, such as rising healthcare costs, also drive consumers toward cost-effective herbal alternatives as supplements and primary remedies.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Multi-Herbs Supplements and Remedies segment, which is expected to reach US$94.2 Billion by 2030 with a CAGR of a 9.2%. The Specialty Herbs Supplements and Remedies segment is also set to grow at 8.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $16.4 Billion in 2023, and China, forecasted to grow at an impressive 9.7% CAGR to reach $26.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amway Corporation, Arches Natural Products, Inc., American Diagnostic Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 719 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $90.7 Billion |
| Forecasted Market Value (USD) by 2030 | $160.6 Billion |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
MARKET OVERVIEW
- Herbal Supplements and Remedies - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- A Prelude to Herbs
- A Prelude to Herbal Supplements and Remedies
- Global Market Prospects and Outlook
- Herbal Supplements and Remedies Market to Witness Rapid Growth
- Herbal Supplements & Remedies Market Relishes Shoots of Change with Strong Focus on Preventive Healthcare
- Growth Drivers Supercharging Herbal Supplements & Remedies Market
- Europe and the US Represent the Largest Regions, Asia-Pacific to Witness Fastest Growth
- Heal Thyself Motto amid COVID-19 Makes US Herbal Supplements Market to Exhibit Record Growth
- Leaves & Medicinal Function Segments Thriving Well in Herbal Supplements & Remedies Market
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Losing Appeal of Conventional Remedies and Growing Consumer Interest in Herbal Medicine and Supplements Drive Healthy Market Growth
- Research Evidence Supports Positive Role of Herbal Remedies in Boosting Immunity and Stress Management
- Strong Gains for Animal Feed Application
- Rising Demand for Herbal Cosmetics Products
- Latest Product Trends Taking Herbal Supplements Market to New Level
- Rising Popularity of Curcumin & Turmeric Products
- Consumer Focus on Self-Care Organic Products
- Nutritional Deficiency & Sedentary Lifestyle Open New Avenues for Herbal Supplements
- Elderberry Gains from Immune Support Rush
- Ashwagandha: A Start Performer
- Fall of CBD Products
- Adaptogens
- Rising Aging Population Drives the Market for Herbal Supplements and Remedies
- Increased Emphasis on Preventive Healthcare Drives the Market for Herbal Supplements
- New Technologies Transform Chinese Herbal Medicine
- Natural Garlic Herbal Supplements for a Healthy Heart
- Ginkgo Biloba for Treating Blood Disorders and Memory Disorders
- Echinacea: Widely Known for Immune Stimulating Properties
- St. John's Wort for Depression and Mood Disorders
- Ginseng Supplements for Energy Boost
- Increasing Focus on Weight Management Spurs Demand for Herbs that Aid Weight Loss
- Danger of Drug Interactions Hinders Herbal Supplement Usage among Kidney Patients
- Risk Drug Interactions between Herbs and Conventional Drugs Challenge Market Prospects
- Macro Factors Driving Growth of Herbal Supplements and Remedies Market
- Ballooning Global Population
- Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Demand
- Urbanization Trend
- Burgeoning Middle Class Population
FOCUS ON SELECT PLAYERS (Total 362 Featured)
- Amway Corporation
- Arches Natural Products, Inc.
- American Diagnostic Corporation
- Allmax Nutrition, Inc.
- Ayurveda Pura Ltd
- BF Suma Pharmaceticals, Inc.
- Aphrodite Products, Inc.
- Best Formulations
- A Nelson & Co., Ltd.
- Baar Products, Inc.
- Alurx, Inc.
- 1Balance, Inc.
- Ayurveda Yoga Ashram
- Bestlife Health Corp.
- Bema Botanical Solutions Limited
For more information about this report visit https://www.researchandmarkets.com/r/q16mg2
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