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Global Herbal Food Supplements Market: By Product: Turmeric, Wheat/Barley Grass, Flax Seed/Oil, Aloe, Others; By Distribution Channel: Hypermarkets/Supermarkets, Convenience Stores, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Herbal Food Supplements Market Outlook
The global herbal food supplements market stood at a value of around USD 6.4 billion in 2021. The market is further expected to grow at a CAGR of 6.50% in the forecast period of 2022-2027 to attain a value of nearly USD 9.3 billion by 2027.
Increasing Sales of Herbal Food Supplements through Online Segment to Aid the Market Growth
Based on distribution channel, the online segment is expected to hold a substantial share in the global market for herbal food supplements during the forecast period. This growth can be attributed to the growing availability of a range of herbal food supplements on e-commerce platforms. In addition, the growing preference of consumers for online shopping, owing to the ease of purchasing and product comparison, along with convenient home delivery is also anticipated to support the growth of the online segment in the forecast period. Meanwhile, in terms of product, the turmeric segment is anticipated to attain a considerable growth in the forecast period. This can be attributed to the rising awareness of the therapeutic properties of turmeric substantiated by various clinical studies.
The Asia Pacific to Occupy a Significant Share in the Market for Herbal Food Supplements
The Asia Pacific is expected to account for a significant share in the global market for herbal food supplements. This can be attributed to the growing consumer preference for natural products to control and manage various health issues. Furthermore, the growing incidences of severe diseases in the region are anticipated to bolster the adoption of herbal food supplements in the forecast period.
Market Segmentation
Herbal food supplements, also known as botanicals, are dietary supplements that comprise one or more herbs. These supplements are consumed by individuals to supplement their regular diet and to enhance their overall health. In addition, they can also be consumed to treat certain health conditions. They come in the form of tablets, capsules, powders, or liquid.
By product, the market is divided into:
- Turmeric
- Wheat/Barley Grass
- Flax Seed/Oil
- Aloe
- Others
On the basis of distribution channel, the market can be categorised into:
- Hypermarkets/Supermarkets
- Convenience Stores
- Online
- Speciality Stores
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Consumer Demand for Natural Products to Augment the Market Growth of Herbal Food Supplements
The rising consumer preference for natural products over chemical-infused products is anticipated to boost the demand for herbal food supplements in the forecast period. This can be associated with the growing consumer awareness regarding the negative impact of artificial ingredients on health, along with the growing knowledge of the therapeutic properties of herbs. Furthermore, the increased consumer expenditure on health enhancing products, in confluence with the rising disposable incomes and improved living standards is expected to bolster the market growth in the forecast period. Besides, the rising expenditure by the leading market players in the development of premium herbal food supplements is anticipated to support the growth of the market in the coming years. For instance, in January 2021, Prorganiq, a natural and herbal supplement company, announced the launch of its herbal supplements range catered to deal with various health issues. These supplements aim to enhance the overall health of the person using all-natural elements.
Key Players in the Global Herbal Food Supplements Market
The report gives a detailed analysis of the following key players in the global herbal food supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ricola AG
- The Himalaya Drug Company
- Gaia Herbs
- Twinlab Corporation
- DSM Nutritional Products AG
- Willmar Schwabe GmbH and Co. KG
- Bio-Botanica Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model and SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Herbal Food Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Herbal Food Supplements Historical Market (2017-2021)
8.3 Global Herbal Food Supplements Market Forecast (2022-2027)
8.4 Global Herbal Food Supplements Market by Product
8.4.1 Turmeric
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Wheat/Barley Grass
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Flax Seed/Oil
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Aloe
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Others
8.5 Global Herbal Food Supplements Market by Distribution Channel
8.5.1 Hypermarkets/Supermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Convenience Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Online
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Speciality Stores
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2017-2021)
8.5.4.3 Forecast Trend (2022-2027)
8.5.5 Others
8.6 Global Herbal Food Supplements Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Ricola AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 The Himalaya Drug Company
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Gaia Herbs
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Twinlab Corporation
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 DSM Nutritional Products AG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Willmar Schwabe GmbH and Co. KG
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Bio-Botanica Inc.
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Herbal Food Supplements Market: Key Industry Highlights, 2017 and 2027
2. Global Herbal Food Supplements Historical Market: Breakup by Product (USD Billion), 2017-2021
3. Global Herbal Food Supplements Market Forecast: Breakup by Product (USD Billion), 2022-2027
4. Global Herbal Food Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
5. Global Herbal Food Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
6. Global Herbal Food Supplements Historical Market: Breakup by Region (USD Billion), 2017-2021
7. Global Herbal Food Supplements Market Forecast: Breakup by Region (USD Billion), 2022-2027
8. North America Herbal Food Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
9. North America Herbal Food Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Europe Herbal Food Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Europe Herbal Food Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Asia Pacific Herbal Food Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Asia Pacific Herbal Food Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Latin America Herbal Food Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Latin America Herbal Food Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Middle East and Africa Herbal Food Supplements Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Middle East and Africa Herbal Food Supplements Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Global Herbal Food Supplements Market Structure
Key Questions Answered in the Report
In 2021, the global herbal food supplements market attained a value of nearly USD 6.4 billion.
The market is projected to grow at a CAGR of 6.50% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach USD 9.3 billion by 2027.
The major drivers of the industry, such as the increased demand for health supplements, growing health consciousness among consumers, rising disposable incomes, easy availability of health supplements through e-commerce platforms, and heightened investments by the leading market players in the development of new herbal food supplements, are expected to aid the market growth.
The key market trends guiding the industry's growth include the growing consumer preference for natural supplements over artificial ones.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant product divisions include turmeric, wheat/barley grass, flax seed/oil, and aloe, among others.
The significant distribution channels include hypermarkets/supermarkets, convenience stores, online, and speciality stores, among others.
The major players in the industry are Ricola AG, The Himalaya Drug Company, Gaia Herbs, Twinlab Corporation, DSM Nutritional Products AG, Willmar Schwabe GmbH and Co. KG, and Bio-Botanica Inc., among others.
Analyst Review
The global herbal food supplements market attained a value of nearly USD 6.4 billion in 2021, driven by the increased health consciousness among consumers worldwide. Aided by growing consumer demand for natural health products, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 6.50%. The market is projected to reach about USD 9.3 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be distributed into turmeric, wheat/barley grass, flax seed/oil, and aloe, among others. On the basis of distribution channel, the market can be segmented into hypermarkets/supermarkets, convenience stores, online, and speciality stores, among others. The major regional markets for herbal food supplements are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ricola AG, The Himalaya Drug Company, Gaia Herbs, Twinlab Corporation, DSM Nutritional Products AG, Willmar Schwabe GmbH and Co. KG, and Bio-Botanica Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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