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Global Herbal Supplement Market by Type (Mono - Herb Type, Multi - Herb Type), By Application (Pharmaceutical Industry, Health Care Industry, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: FB-349
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 96
  • No. Of Pages: 232
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  • Pub. Date: 2021-03-01
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The Global Herbal Supplement Market size is projected to reach USD 82.6 billion by 2028 from an estimated USD 30.8 billion in 2018, growing at a CAGR of 7.9% during the forecast period (2021-2028). The factors providing growth opportunities for this market include increasing product awareness and demand for natural products as well as a rising number of incidences of lifestyle-related ailments such as obesity, diabetes, cardiovascular disease, and arthritis among others.


Herbal Supplements are concentrated extracts of plants that usually come in pill form, powders, or liquids. They contain herbs and herbal ingredients which were traditionally used to cure various ailments and diseases. The key ingredient is the herb itself but other things may also be added such as vitamins, minerals, oils, etc. Herbs have been used for centuries for medicinal purposes because they can act on different healing systems within your body at a cellular level restoring balance naturally.


On the basis of Type, the market is segmented into Mono-Herb Type and Multi-Herb Type.


Mono-Herb Type:

Mono-herb type is an herbal supplement that contains only one herb. These are also known as single herbs or monographs, and they comprise a large share of all marketed herbal supplements worldwide. The main usage of mono-herb type is in the pharmaceutical industry. The most common uses are for weight loss, anxiety relief, and pain management.


Multi-Herb Type:

This type of herbal supplement contains more than one herbs. The most common types are multi-ingredient formulas that contain a blend of two or three herbs and single ingredient formula for those who only want to supplement with the individual herb.

The Multi-herb type is mainly used to address certain medical conditions. For example, a popular combination of multi-ingredient formulas is those that contain herbs that can treat symptoms such as hypertension and colds. One major advantage of this type of supplement is the wide variety it offers in terms of addressing different ailments. Multi herb types also have fewer side effects than single-ingredient options, since they’re typically using ingredients from which people might be genetically predisposed less likely to produce allergic reactions or other negative responses.


On the basis of Application, the market is segmented into Pharmaceutical Industry, Health Care Industry, and Others.


Pharmaceutical Industry:

Herbal supplements are used in the pharmaceutical industry to enhance the therapeutic effects of existing medicines or as an active ingredient for various disease conditions. Herbs such as St. John’s Wort have been widely studied for their potential benefits on depression symptoms without any reports of serious side effects. With increasing awareness about herbal remedies among people and decreasing affordability of prescribed drugs due to price constraints; there is a high demand for these products from pharma companies that manufacture them commercially by extracting natural substances like herbs from medicinal plants based on prescriptions given by physicians to patients suffering from chronic diseases who want alternatives treatments other than traditional medications with fewer side effects.


Health Care Industry:

Herbal supplements are used in the health care industry for different reasons and purposes. The most common applications of herbal supplements include prevention, treatment, or relief from various medical conditions. Herbal medicines are also widely used by doctors to treat chronic diseases such as hypertension, arthritis, and many more. In some cases, these remedies can be a substitute for drugs prescribed by physicians depending on individual preferences.


On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Latin America led the global herbal supplement market in 2017 owing to its high consumption levels due to increasing incidence rates for chronic diseases such as diabetes mellitus & hypertension coupled with growing demand from consumers regarding health awareness.

In 2018 Asia Pacific emerged as a prominent player accounting for the highest growth rate among all regions globally, mainly attributed to China’s rapid economic development and aging population combined with an increase in adoption of traditional medicine practices across APAC region like Thailand.


Growth Factors For The Global Herbal Supplement Market:

There is a growing trend of adopting herbal supplements worldwide. The use of synthetic drugs may be affecting health negatively, and as such, there has been an increase in the preference for natural alternatives. Herbal herbs are believed to have healing properties that can improve one’s lifestyle and provide relief from common ailments or diseases without any major side effects. Increasing awareness about the benefits offered by herbal supplements coupled with their affordability compared to pharmaceutical medications have made them popular among consumers globally.

The rise in obesity rates across countries like Mexico, Brazil, the US, and Canada is another factor contributing to this growth in demand for these products due to increased risk factors associated with being overweight - high blood pressure, diabetes complication risks, etc., which leads people towards looking at more natural remedies. Herbal supplements are gaining popularity as they can be found in the form of tablets, capsules, or powders that are readily available over-the-counter and online at a relatively low cost to consumers.

Up Market Research published a new report titled “Herbal Supplement Market research report which is segmented by Types (Mono - Herb Type, Multi - Herb Type), By Applications (Pharmaceutical Industry, Health Care Industry, Others), By Players/Companies NBTY(US), Tsumura(JP), Weleda(CH), DSM(NL), Nature's Sunshine Products(US), Madaus(DE), Nutraceutical(US), Arkopharma(FR), Schwabe(DE), Ricola(CH), Blackmores(AU), Dabur(IN), Herbal Africa(ZA), Pharma Nord APS(DM), SIDO MUNCUL(ID), Nature's Answer (US), TwinLab(US), Pharmavite(US)b, Arizona Natural(US), Potter's Herbals(UK), Tongrentang(CN), TASLY(CN), Yunnan Baiyao(CN), Sanjiu(CN), Zhongxin(CN), Haiyao(CN), Taiji(CN), Kunming Pharma(CN), JZJT(CN), Guangzhou Pharma(CN)”. 


Report Scope

Report Attributes Report Details
Report Title Herbal Supplement Market Research Report
By Type Mono - Herb Type, Multi - Herb Type
By Application Pharmaceutical Industry, Health Care Industry, Others
By Companies NBTY(US), Tsumura(JP), Weleda(CH), DSM(NL), Nature's Sunshine Products(US), Madaus(DE), Nutraceutical(US), Arkopharma(FR), Schwabe(DE), Ricola(CH), Blackmores(AU), Dabur(IN), Herbal Africa(ZA), Pharma Nord APS(DM), SIDO MUNCUL(ID), Nature's Answer (US), TwinLab(US), Pharmavite(US)b, Arizona Natural(US), Potter's Herbals(UK), Tongrentang(CN), TASLY(CN), Yunnan Baiyao(CN), Sanjiu(CN), Zhongxin(CN), Haiyao(CN), Taiji(CN), Kunming Pharma(CN), JZJT(CN), Guangzhou Pharma(CN)
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 232
Number of Tables & Figures 163
Customization Available Yes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Herbal Supplement Industry Outlook

Global Herbal Supplement Market Report Segments:

The market is segmented by Type Mono - Herb Type, Multi - Herb Type and By Application Pharmaceutical Industry, Health Care Industry, Others.


Some of the companies that are profiled in this report are:

  1. NBTY(US)
  2. Tsumura(JP)
  3. Weleda(CH)
  4. DSM(NL)
  5. Nature's Sunshine Products(US)
  6. Madaus(DE)
  7. Nutraceutical(US)
  8. Arkopharma(FR)
  9. Schwabe(DE)
  10. Ricola(CH)
  11. Blackmores(AU)
  12. Dabur(IN)
  13. Herbal Africa(ZA)
  14. Pharma Nord APS(DM)
  16. Nature's Answer (US)
  17. TwinLab(US)
  18. Pharmavite(US)b
  19. Arizona Natural(US)
  20. Potter's Herbals(UK)
  21. Tongrentang(CN)
  22. TASLY(CN)
  23. Yunnan Baiyao(CN)
  24. Sanjiu(CN)
  25. Zhongxin(CN)
  26. Haiyao(CN)
  27. Taiji(CN)
  28. Kunming Pharma(CN)
  29. JZJT(CN)
  30. Guangzhou Pharma(CN)

Herbal Supplement Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Herbal Supplement Market

Overview of the regional outlook of the Herbal Supplement Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Herbal Supplement Market Overview

Highlights of The Herbal Supplement Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Herbal Supplement Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Mono - Herb Type

                2. Multi - Herb Type

       7. By Application:

                1. Pharmaceutical Industry

                2. Health Care Industry

                3. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Herbal Supplement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Herbal Supplement Market Statistics

Reasons to Purchase the Herbal Supplement Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Herbal Supplement Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Herbal Supplement Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Herbal Supplement Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Herbal Supplement Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Herbal Supplement Market Size & Forecast, 2018-2028 
      4.5.1 Herbal Supplement Market Size and Y-o-Y Growth 
      4.5.2 Herbal Supplement Market Absolute $ Opportunity 

Chapter 5 Global Herbal Supplement Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Herbal Supplement Market Size Forecast by Type
      5.2.1 Mono - Herb Type
      5.2.2 Multi - Herb Type
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Herbal Supplement Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Herbal Supplement Market Size Forecast by Applications
      6.2.1 Pharmaceutical Industry
      6.2.2 Health Care Industry
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Herbal Supplement Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Herbal Supplement Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Herbal Supplement Analysis and Forecast
   9.1 Introduction
   9.2 North America Herbal Supplement Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Herbal Supplement Market Size Forecast by Type
      9.6.1 Mono - Herb Type
      9.6.2 Multi - Herb Type
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Herbal Supplement Market Size Forecast by Applications
      9.10.1 Pharmaceutical Industry
      9.10.2 Health Care Industry
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Herbal Supplement Analysis and Forecast
   10.1 Introduction
   10.2 Europe Herbal Supplement Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Herbal Supplement Market Size Forecast by Type
      10.6.1 Mono - Herb Type
      10.6.2 Multi - Herb Type
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Herbal Supplement Market Size Forecast by Applications
      10.10.1 Pharmaceutical Industry
      10.10.2 Health Care Industry
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Herbal Supplement Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Herbal Supplement Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Herbal Supplement Market Size Forecast by Type
      11.6.1 Mono - Herb Type
      11.6.2 Multi - Herb Type
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Herbal Supplement Market Size Forecast by Applications
      11.10.1 Pharmaceutical Industry
      11.10.2 Health Care Industry
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Herbal Supplement Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Herbal Supplement Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Herbal Supplement Market Size Forecast by Type
      12.6.1 Mono - Herb Type
      12.6.2 Multi - Herb Type
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Herbal Supplement Market Size Forecast by Applications
      12.10.1 Pharmaceutical Industry
      12.10.2 Health Care Industry
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Herbal Supplement Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Herbal Supplement Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Herbal Supplement Market Size Forecast by Type
      13.6.1 Mono - Herb Type
      13.6.2 Multi - Herb Type
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Herbal Supplement Market Size Forecast by Applications
      13.10.1 Pharmaceutical Industry
      13.10.2 Health Care Industry
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Herbal Supplement Market: Competitive Dashboard
   14.2 Global Herbal Supplement Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 NBTY(US)
      14.3.2 Tsumura(JP)
      14.3.3 Weleda(CH)
      14.3.4 DSM(NL)
      14.3.5 Nature's Sunshine Products(US)
      14.3.6 Madaus(DE)
      14.3.7 Nutraceutical(US)
      14.3.8 Arkopharma(FR)
      14.3.9 Schwabe(DE)
      14.3.10 Ricola(CH)
      14.3.11 Blackmores(AU)
      14.3.12 Dabur(IN)
      14.3.13 Herbal Africa(ZA)
      14.3.14 Pharma Nord APS(DM)
      14.3.15 SIDO MUNCUL(ID)
      14.3.16 Nature's Answer (US)
      14.3.17 TwinLab(US)
      14.3.18 Pharmavite(US)b
      14.3.19 Arizona Natural(US)
      14.3.20 Potter's Herbals(UK)
      14.3.21 Tongrentang(CN)
      14.3.22 TASLY(CN)
      14.3.23 Yunnan Baiyao(CN)
      14.3.24 Sanjiu(CN)
      14.3.25 Zhongxin(CN)
      14.3.26 Haiyao(CN)
      14.3.27 Taiji(CN)
      14.3.28 Kunming Pharma(CN)
      14.3.29 JZJT(CN)
      14.3.30 Guangzhou Pharma(CN)
Segments Covered in the Report
The global Herbal Supplement market has been segmented based on

By Types
  • Mono - Herb Type
  • Multi - Herb Type
By Applications
  • Pharmaceutical Industry
  • Health Care Industry
  • Others
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • NBTY(US)
  • Tsumura(JP)
  • Weleda(CH)
  • DSM(NL)
  • Nature's Sunshine Products(US)
  • Madaus(DE)
  • Nutraceutical(US)
  • Arkopharma(FR)
  • Schwabe(DE)
  • Ricola(CH)
  • Blackmores(AU)
  • Dabur(IN)
  • Herbal Africa(ZA)
  • Pharma Nord APS(DM)
  • Nature's Answer (US)
  • TwinLab(US)
  • Pharmavite(US)b
  • Arizona Natural(US)
  • Potter's Herbals(UK)
  • Tongrentang(CN)
  • Yunnan Baiyao(CN)
  • Sanjiu(CN)
  • Zhongxin(CN)
  • Haiyao(CN)
  • Taiji(CN)
  • Kunming Pharma(CN)
  • JZJT(CN)
  • Guangzhou Pharma(CN)

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