Global Herbal Supplements and Remedies Market to Reach US$111.6 Billion by the Year 2026 – Yahoo Finance

Abstract: Global Herbal Supplements and Remedies Market to Reach US$111. 6 Billion by the Year 2026 . Herbal supplements represent dietary supplements obtained from herbs or plants that hold compelling health benefits and medicinal value.

New York, Jan. 14, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Herbal Supplements and Remedies Industry" - https://www.reportlinker.com/p06049392/?utm_source=GNW These supplements are witnessing increasing applications in the cosmetics, pharmaceutical and food & beverage industries. Growth in the global market is being driven by preventive healthcare trend. The growth of the market is propelled by strong focus on preventive healthcare, surging geriatric population, consumer attention on health and wellbeing, and increasing uptake of health supplements. Rising concerns over health along with increasing spending on preventive healthcare products are augmenting global demand for herbal supplements. These products are gaining from rising incident of lifestyle-related medical conditions like obesity and diabetes that are prompting people to consider herbal supplements to mitigate health risks. The market growth is also favored by increasing attention on personalized medicines and easy availability of herbal supplements. Factors like side-effects associated with allopathic drugs and rising uptake of dietary supplements are bolstering the market growth.

Amid the COVID-19 crisis, the global market for Herbal Supplements and Remedies estimated at US$64.5 Billion in the year 2020, is projected to reach a revised size of US$111.6 Billion by 2026, growing at a CAGR of 9.3% over the analysis period. Multi-Herbs, one of the segments analyzed in the report, is projected to grow at a 10.3% CAGR to reach US$68.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Herbs segment is readjusted to a revised 8.6% CAGR for the next 7-year period. This segment currently accounts for a 9.8% share of the global Herbal Supplements and Remedies market. The market for specialty herbal supplements is experiencing remarkable increase since the past few years. Specialty products are scientifically proved as safe and efficient dietary supplements aimed at self-help oriented customers.

The U.S. Market is Estimated at $14 Billion in 2021, While China is Forecast to Reach $17.7 Billion by 2026

The Herbal Supplements and Remedies market in the U.S. is estimated at US$14 Billion in the year 2021. The country currently accounts for a 18.5% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$17.7 Billion in the year 2026 trailing a CAGR of 11% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9% CAGR while Rest of European market (as defined in the study) will reach US$3.9 Billion by the end of the analysis period. The global market for herbal supplements and herbal medicine has been predominantly concentrated in the West, due to relatively high levels of health consciousness, and widespread and easy access to products. The ever increasing drive towards staying active, and remaining healthy among the older age population would drive market sales. Major factors driving growth in emerging countries include expanding population base, growing tendency of living healthy among consumers, increasing consumer awareness about wellness and dietary requirements, and growing demand for natural remedies.

Garlic Segment to Reach $5.1 Billion by 2026

Garlic supplements strengthen the immune system, prevent common cold, detoxify, support overall health and wellbeing, improve bone health, prevent infection, prevent specific nutritional deficiencies, enhance athletic performance and support longevity. Increasing instances of cardiovascular diseases caused by hectic lifestyle schedules are propelling the demand for garlic-based herbal supplements. Women in the age group of above 40 years of age are also demanding natural garlic herbal supplements that help in maintaining a healthy heart. In the global Garlic segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.5 Billion in the year 2020 will reach a projected size of US$4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$675.6 Billion by the year 2026, while Latin America will expand at a 7.6% CAGR through the analysis period.

Select Competitors (Total 362 Featured)

Story continues

Arizona Natural Products

ARKOPHARMA Laboratories Company Limited

Bio-Botanica, Inc.

Bionorica SE

Blackmores Ltd.

Gaia Herbs, LLC

Glanbia plc

Herb Pharm, LLC

Herbalife International of America, Inc.

Hevert Arzneimittel GmbH & Co KG

Himalaya Wellness Company

i-Health, Inc.

Indfrag Biosciences Private Limited

Jemo-pharm A/S

Natures Aid Ltd.

Natures Bounty, Inc.

Solgar Inc.

Sundown Naturals

NaturaLife Asia Co., Ltd.

Natures Sunshine Products, Inc.

Natures Way Products, LLC

New Chapter, Inc.

Nutraceutical International Corporation

Pharma Nord ApS

Pharmavite LLC

Potters Herbals

PuraPharm International (H.K.) Ltd.

Rainbow Light Nutritional Systems, Inc.

Ricola AG

Schaper & Brmmer GmbH & Co. KG

Twinlab Consolidated Holdings, Inc.

Read the full report: https://www.reportlinker.com/p06049392/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW A Prelude to Herbs A Prelude to Herbal Supplements and Remedies Impact of Covid-19 and a Looming Global Recession 2020 Marked as a Year of Disruption & Transformation As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021 EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022 Covid-19 Impact on Herbal Supplements and Remedies Pandemic Leads to Increased Consumer Focus on Health and Wellness Products From Food Security to Health Security, the Pandemic Sends Herbal Supplements Cruising Down a New Road of Opportunity Pandemic-Induced Changing Consumer Perceptions about Health Foods Favor Herbal Supplements and Remedies Market Role of Herbal Medicine in the Fight against Covid-19 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

2. FOCUS ON SELECT PLAYERS

3. 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 Star Performer Fall of CBD Products Adaptogens Rising Aging Population Drives the Market for Herbal Supplements and Remedies EXHIBIT 2: Expanding Elderly Population Worldwide: Breakdown of Number of People Aged 65+ Years in Million by Geographic Region for the Years 2019 and 2030 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 EXHIBIT 3: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, and 2100 Increasing Prevalence of Chronic & Lifestyle Diseases Enhances Consumer Demand EXHIBIT 4: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040 EXHIBIT 5: World Diabetes and Population Statistics (2019, 2030 & 2045) EXHIBIT 6: Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030 Urbanization Trend EXHIBIT 7: World Urban Population in Thousands: 1950-2050P Burgeoning Middle Class Population EXHIBIT 8: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030 EXHIBIT 9: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030

4. GLOBAL MARKET PERSPECTIVE Table 1: World Current & Future Analysis for Herbal Supplements and Remedies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Herbal Supplements and Remedies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Herbal Supplements and Remedies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027

Table 4: World Current & Future Analysis for Multi-Herbs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 5: World Historic Review for Multi-Herbs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Multi-Herbs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for Specialty Herbs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Specialty Herbs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Specialty Herbs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Garlic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Garlic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for Garlic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for St. John`s Wort by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for St. John`s Wort by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for St. John`s Wort by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Echinacea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 17: World Historic Review for Echinacea by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Echinacea by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Ginseng by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Ginseng by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Ginseng by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES Table 25: USA Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 26: USA Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

CANADA Table 28: Canada Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 29: Canada Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 30: Canada 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

JAPAN Table 31: Japan Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 32: Japan Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 33: Japan 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

CHINA Table 34: China Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 35: China Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 36: China 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

EUROPE Table 37: Europe Current & Future Analysis for Herbal Supplements and Remedies by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR

Table 38: Europe Historic Review for Herbal Supplements and Remedies by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 39: Europe 15-Year Perspective for Herbal Supplements and Remedies by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2012, 2021 & 2027

Table 40: Europe Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 41: Europe Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 42: Europe 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

FRANCE Table 43: France Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 44: France Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 45: France 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

GERMANY Table 46: Germany Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 47: Germany Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 48: Germany 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

ITALY Table 49: Italy Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 50: Italy Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Table 51: Italy 15-Year Perspective for Herbal Supplements and Remedies by Product Type - Percentage Breakdown of Value Sales for Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types for the Years 2012, 2021 & 2027

UNITED KINGDOM Table 52: UK Current & Future Analysis for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027 and % CAGR

Table 53: UK Historic Review for Herbal Supplements and Remedies by Product Type - Multi-Herbs, Specialty Herbs, Garlic, St. John`s Wort, Echinacea, Ginseng and Other Product Types Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR

Read more:

Global Herbal Supplements and Remedies Market to Reach US$111.6 Billion by the Year 2026 - Yahoo Finance