Published Date : Jul 11, 2016
ALBANY, NY, July 11, 2016 - MarketResearchReports.biz has added the report ‘Global Herbal Supplements Market 2016-2020’ to its offering. This report presents a detailed evaluation of the market and insights into the historical background of this market. It is a qualitative and quantitative evaluation carried on by top-notch industry leaders and analysts. The major trends, growth factors, macroeconomic indicators, and the market attractiveness are also presented through this research study. The new product introductions by the key players dominant in the market, coupled with their impact on the growth of this market, are also highlighted through this study.
The report starts by providing an overview of the herbal supplements market. Herbal supplements refer to a kind of dietary supplement comprising part of a plant or a plant as a whole utilized for its scent, flavor, and effective therapeutic properties. These may include leaves, flowers, bark, seeds, fruits, roots, stems, etc. Herbal supplements are being consumed in the form of syrups, tablets or powders. At present, the hectic lifestyles and the increasing work pressure of individuals have resulted in unhealthy eating habits such as meals-on-the-go and consumption of fast foods. These food are nutrition-deprived and hence aren’t able to meet the nutritional needs of individuals. Hence, herbal supplements are being consumed by these individuals for fulfilling their nutritional needs and reducing health-related complications.
In addition, a substantial lack of nutrients is noticed in aging individuals, thus raising the growth of the market for herbal supplements. In addition, the growing inclination toward dietary supplements amongst females is a key growth trend seen in this market. However, herbal supplements are not strictly regulated and do not require an approval from the FDA before their commercialization. This has resulted in the lack of consumer confidence, hence negatively impacting the development of this market.
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Next, the report segments the global herbal supplements market on the basis of distribution channel and geography. By distribution channel, the market is segmented into retail and online stores. Amongst these, on the basis of revenue, the segment of retail store led the market in 2015 with a share of 52%. This segment is further categorized into supermarkets, hypermarkets, grocery stores, health food stores, and drugstores. The regions of Asia, Latin America, and Africa exhibit a promising investment scenario and hence are propelling the growth of the retail store segment. In addition, the rising count of working women and the soaring disposable incomes of individuals will also contribute to the development of the retail store segment.
Geographically, the market is segmented into Europe, Asia Pacific (APAC), North America, and Rest of the World (RoW). In 2015, the Europe herbal supplements market held the largest share of 45%. This is owing to the rising inclination towards chemical-free and natural herbal products and the better accessibility of these supplements within this region.
The major players in the global herbal supplements market are Gaia Herbs, Herb Pharm, Natures Bounty, Rainbow Light Nutritional Systems, Arizona natural products, and Arkhopharma, among others.
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