Product Code: A280605
The global herbal dietary supplement market is anticipated to reach $21.4 billionby 2032, growing from $11 billion in 2022 at a CAGR of 7.1% from 2023 to 2032.
An herbal dietary supplement is a product made from plant-based compounds like herbs, botanicals, or other natural substances. These supplements are usually taken orally in the form of capsules, tablets, powders, or liquids. The purpose of herbal dietary supplements is to offer important nutrients, vitamins, minerals, or other bioactive compounds that may be lacking in a person's usual diet. Many people use herbal dietary supplements to boost immune function, increase energy levels, or address specific health conditions. Before adding these supplements into their daily routine, customers should be informed about their constituents and potential advantages, as well as speak with healthcare specialists.
The growing awareness among consumers about the health benefits of herbal dietary supplements and their organic properties for potential disease prevention and health improvement is driving the global herbal dietary supplement market. Herbal dietary supplements represent a distinctive category that bridges the gap between pharmaceuticals and conventional food products. With established health advantages, the consumption of herbal dietary supplements is recognized for its potential in preventing diseases and promoting overall well-being. The expanding market for herbal nutraceuticals and dietary supplements indicates a shift in consumer preferences towards minimally processed foods that offer additional nutritional benefits and organoleptic value. This review aims to provide insights into the current status and challenges within the herbal dietary supplement market, offering recent information on the global herbal nutraceuticals and dietary supplement industry. It delves into the challenges faced in this sector, addressing the evolving landscape and consumer demands for herbal wellness solutions.
Lack of standardized preparation for herbal dietary supplements is a significant restraint in the market. This leads to variability in consistency, constituents, and quality, both between batches and among different manufacturers. The influence of cultivation conditions, geographical location, and the plant's part and age adds complexity, contributing to concerns about the reliability and uniformity of herbal supplements.
The herbal dietary supplement market is poised for promising opportunities, driven by evolving consumer trends centered around the utilization of natural and plant-based ingredients, free from artificial additives. A notable shift is observed in the customization of supplements, aligning with the increasing consumer preference for enhancing overall health and well-being. There is a growing emphasis on addressing stress, anxiety, and depression through tailored supplements, reflecting a demand for holistic relief solutions. With heightened awareness and a proactive approach to health, consumers are actively seeking products that empower them to take control of their well-being. The aftermath of the COVID-19 pandemic has further increased the demand for immune-boosting supplements, as individuals prioritize fortifying their immune function. Also, there is a rising acknowledgment of the pivotal role digestive health plays in overall wellness, fueling the popularity of supplements designed to support digestion and maintain a healthy microbiome balance. These emerging trends signify a robust future for herbal dietary supplements, offering a spectrum of opportunities to cater to the evolving health-conscious consumer preferences.
The COVID-19 pandemic had a profound impact on the herbal dietary supplement business, shifting consumer behavior and industry dynamics. With a renewed emphasis on health and immunity, there has been increase in demand for herbal supplements known for their immune-boosting characteristics. The pandemic has pushed the trend towards preventive healthcare, driving people to look into natural and holistic treatments. Disruptions in supply networks, combined with increased regulatory scrutiny, brought problems to the industry. However, the market proved resilient, adapting to new consumer requirements and preferences. The move to e-commerce for supplement purchases, as well as a growing interest in traditional cures, highlight the pandemic's dynamic landscape. As consumers priorities overall well-being, the herbal dietary supplement business continues to negotiate and respond to its long-term impact.
The key players profiled in this report include Rainbow Light, Nature's Way, Swanson, Pure Essence, Jarrow Formulas, GNC, Nature's Sunshine, Pharmavite, Amway, and Herbalife. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and product launches.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the herbal dietary supplement market analysis from 2022 to 2032 to identify the prevailing herbal dietary supplement market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the herbal dietary supplement market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global herbal dietary supplement market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Product Benchmarking / Product specification and applications
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- New Product Development/ Product Matrix of Key Players
- Patient/epidemiology data at country, region, global level
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- Market share analysis of players at global/region/country level
- SWOT Analysis
Key Market Segments
By End User
- Hospitals
- Clinics
- Home Use
By Product Type
- Powders
- Shakes
- Others
- Tablets and Capsules
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players:
- Rainbow Light
- Nature's Way
- Swanson
- Pure Essence
- Jarrow Formulas
- GNC
- Nature's Sunshine
- Pharmavite
- Amway
- Herbalife
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Average Selling Price
- 3.6. Market Share Analysis
- 3.7. Brand Share Analysis
- 3.8. Trade Data Analysis
- 3.9. Product Consumption
- 3.10. Value Chain Analysis
- 3.11. Key Regulation Analysis
- 3.12. Patent Landscape
- 3.13. Reimbursement Scenario
- 3.14. Regulatory Guidelines
CHAPTER 4: HERBAL DIETARY SUPPLEMENT MARKET, BY END USER
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Hospitals
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Clinics
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Home Use
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
CHAPTER 5: HERBAL DIETARY SUPPLEMENT MARKET, BY PRODUCT TYPE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Tablets and Capsules
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Powders
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Shakes
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Others
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
CHAPTER 6: HERBAL DIETARY SUPPLEMENT MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by End User
- 6.2.3. Market size and forecast, by Product Type
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by End User
- 6.2.4.1.2. Market size and forecast, by Product Type
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by End User
- 6.2.4.2.2. Market size and forecast, by Product Type
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by End User
- 6.2.4.3.2. Market size and forecast, by Product Type
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by End User
- 6.3.3. Market size and forecast, by Product Type
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Germany
- 6.3.4.1.1. Market size and forecast, by End User
- 6.3.4.1.2. Market size and forecast, by Product Type
- 6.3.4.2. UK
- 6.3.4.2.1. Market size and forecast, by End User
- 6.3.4.2.2. Market size and forecast, by Product Type
- 6.3.4.3. France
- 6.3.4.3.1. Market size and forecast, by End User
- 6.3.4.3.2. Market size and forecast, by Product Type
- 6.3.4.4. Spain
- 6.3.4.4.1. Market size and forecast, by End User
- 6.3.4.4.2. Market size and forecast, by Product Type
- 6.3.4.5. Italy
- 6.3.4.5.1. Market size and forecast, by End User
- 6.3.4.5.2. Market size and forecast, by Product Type
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by End User
- 6.3.4.6.2. Market size and forecast, by Product Type
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by End User
- 6.4.3. Market size and forecast, by Product Type
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by End User
- 6.4.4.1.2. Market size and forecast, by Product Type
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by End User
- 6.4.4.2.2. Market size and forecast, by Product Type
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by End User
- 6.4.4.3.2. Market size and forecast, by Product Type
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by End User
- 6.4.4.4.2. Market size and forecast, by Product Type
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by End User
- 6.4.4.5.2. Market size and forecast, by Product Type
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by End User
- 6.4.4.6.2. Market size and forecast, by Product Type
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by End User
- 6.5.3. Market size and forecast, by Product Type
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by End User
- 6.5.4.1.2. Market size and forecast, by Product Type
- 6.5.4.2. Saudi Arabia
- 6.5.4.2.1. Market size and forecast, by End User
- 6.5.4.2.2. Market size and forecast, by Product Type
- 6.5.4.3. United Arab Emirates
- 6.5.4.3.1. Market size and forecast, by End User
- 6.5.4.3.2. Market size and forecast, by Product Type
- 6.5.4.4. South Africa
- 6.5.4.4.1. Market size and forecast, by End User
- 6.5.4.4.2. Market size and forecast, by Product Type
- 6.5.4.5. Rest of LAMEA
- 6.5.4.5.1. Market size and forecast, by End User
- 6.5.4.5.2. Market size and forecast, by Product Type
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product mapping of top 10 player
- 7.4. Competitive dashboard
- 7.5. Competitive heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. Rainbow Light
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.2. Nature's Way
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.3. Swanson
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.4. Pure Essence
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.5. Jarrow Formulas
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.6. GNC
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.7. Nature's Sunshine
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.8. Pharmavite
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.9. Amway
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.10. Herbalife
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot