DUBLIN--(BUSINESS WIRE)--The "Herbal Supplements Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global herbal supplements market to grow with a CAGR of 6.2% over the forecast period of 2018-2024.
Global herbal supplements market is driven by various factors such as a globally growing aging population, increased consumer awareness for preventative healthcare, growing number of the self-directed or self-diagnose consumers.
In addition, herbal supplement manufacturers are accessing new sales channels to reach a diverse and broad set of customers i.e. inclusion of e-commerce in medicine trade and many more factors are boosting the growth of this market.
Furthermore, herbal supplements are less prone to FDA regulations which also helps to augment the market growth. Herbal supplements are less effective and thus results in delayed recovery in many medical conditions, this factor acts as a restraint for the market growth.
Many medicine manufacturing companies are launching herbal medicine products as these products are less prone to side effects, thus these factors can act as a lucrative opportunity for the herbal supplements market in near future.
Asia Pacific region dominates the global herbal supplements market and is also expected to grow at the highest CAGR during the forecast period, 2018-2024 due to growing number of health conscious young people, growing self-diagnosis trend by young couples, increasing consumption of fast-food, which are less nutritional, growing disposable income among middle class family, personal factors, functional factors and social factors.
Key Topics Covered
1. Preface
2. Executive Summary
3. Global Herbal Supplements Market Overview
4. Global Herbal Supplements Market by Source
5. Global Herbal Supplements Market by Application
6. Global Herbal Supplements Market by Function
7. Global Herbal Supplements Market by Form
8. Global Herbal Supplements Market by Region 2018-2024
9. Companies Covered
- Archer Daniels Midland Company
- Glanbia PLC
- Herbalife International of America Inc.
- Blackmores Limited
- Nutraceutical International Corporation
- NBTY Inc.
- Arizona Natural Products
- Ricola AG
- Naturalife Asia Co. Ltd.
- Bio-Botanica Inc.
For more information about this report visit https://www.researchandmarkets.com/research/m3x8sj/the_global_herbal?w=4
