NEW YORK, March 11, 2020 /PRNewswire/ — Herbal Supplements and Remedies market worldwide is projected to grow by US$65.7 Billion, driven by a compounded growth of 7.7%. Multi-Herbs, one of the segments analyzed and sized in this study, displays the potential to grow at over 9%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$96.1 Billion by the year 2025, Multi-Herbs will bring in healthy gains adding significant momentum to global growth.
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– Representing the developed world, the United States will maintain a 6.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$2.3 Billion to the region’s size and clout in the next 5 to 6 years. Over US$1.9 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Multi-Herbs will reach a market size of US$4.6 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 11.6% over the next couple of years and add approximately US$18.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
– Competitors identified in this market include, among others,
- Arizona Natural Products
- ARKOPHARMA Laboratories Company Limited
- Bio-Botanica, Inc.
- Bionorica SE
- Blackmores Ltd.
- Gaia Herbs LLC
- Herbalife International of America Inc.
- Hevert Arzneimittel GmbH & Co KG
- Himalaya Drug Company
- Indfrag Ltd.
- Jemo-pharm A/S
- Nature’s Bounty Inc.
- NaturaLife Asia Co. Ltd.
- Pharma Nord ApS
- Pharmavite LLC
- Potter’s Herbals
- PuraPharm Corporation Limited
- Rainbow Light Nutritional Systems Inc.
- Ricola AG
- Twinlab Consolidated Holdings Inc.
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Herbal Supplements and Remedies: Enabling Effective Maintenance
of General Health the Natural Way
Recent Market Activity
Effectiveness of Herbs in Preventing and Treating Various
Health Conditions: The Fundamental Growth Driver
Herbal Supplements for Specific Medical Conditions
Efficacy in Long-Term Management of Certain Disorders
Global Market Outlook
Developed Markets Dominate, While Developing Countries
Spearhead Growth
Global Competitor Market Shares
Herbal Supplements and Remedies Competitor Market Share
Scenario Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
Arizona Natural Products (USA)
ARKOPHARMA Laboratories Company Limited (France)
Bio-Botanica, Inc. (USA)
Bionorica SE (Germany)
Blackmores Ltd. (Australia)
Gaia Herbs, LLC (USA)
Glanbia plc (Ireland)
Herb Pharm, LLC (USA)
Herbalife International of America, Inc. (USA)
Hevert Arzneimittel GmbH & Co KG (Germany)
Himalaya Drug Company (India)
i-Health, Inc. (USA)
Indfrag Ltd. (India)
Jemo-pharm A/S (Denmark)
Natures Aid Ltd. (UK)
Nature?s Answer (USA)
Nature’s Bounty, Inc. (USA)
Solgar Inc. (USA)
Sundown Naturals (USA)
NaturaLife Asia Co., Ltd. (South Korea)
Nature’s Sunshine Products, Inc. (USA)
Nature?s Way Products, Inc. (USA)
New Chapter, Inc. (USA)
Nutraceutical International Corporation (USA)
Pharma Nord ApS (Denmark)
Pharmavite® LLC (USA)
Potter?s Herbals (UK)
PuraPharm Corporation Limited (Hong Kong)
Rainbow Light Nutritional Systems, Inc. (USA)
Ricola AG (Switzerland)
Schaper & Brümmer GmbH & Co. KG (Germany)
Twinlab Consolidated Holdings, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Losing Appeal of Chemical Remedies and Growing Consumer
Interest in Herbal Medicine and Supplements Drive Healthy
Market Growth
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: The Age Old Ingredient in Various Medicinal Preparations
Unique Healthcare Needs of Women Propel Demand for Various
Herbal Supplements
Transition from Product-Driven to a Health-Driven Nature of
Herbal Supplements Benefit Market Expansion
Ayurvedic Supplements Go Mainstream
Focus on Disease Prevention than Treatment Boosts Adoption
Increasing Focus on Weight Management Spurs Demand for Herbs
that Aid Weight Loss
Epidemic Proportions of Obesity Lead to Increased Focus on
Weight Management
Ginger and Turmeric: Wonder Herbal Ingredients with Impressive
Health Benefits
Ginger Relieves Motion Sickness and Sea Sickness
Ginger: Helpful in Nausea Treatment
Turmeric Gain Notable Attention as Medical Remedy
Soy and Aloe Vera: Niche, yet Hugely Popular Herbal Supplements
Health Benefits of Soy
Some of the Major Benefits of Aloe Vera to the Human Body
Some Health Benefits of Aloe Vera Juice
Rhodiola, Milk Thistle, Feverfew, and Saw Palmetto Gain
Prominence in Various Remedies
Rhodiola Herb Supplement Reduce Stress and Fatigue
Milk Thistle for Liver Detoxification
Feverfew Herbal Supplement for Enhancing Digestive Health
Saw Palmetto Herbal Supplement for Prostate Health
Consumer Attitudes Vacillate with Conflicting Research Results
Herbal Supplement Usage in Dentistry Surges amid Concerns
Internet Emerges as an Effective Sales Channel
Favorable Demographic and Economic Trends Strengthen Market
Prospects
Ballooning Global Population
Longer Life Expectancy
Exponential Increase in Urban Population
Aging Population
Rising Disposable Incomes
India & China: Important Potential Future Markets
Key Challenges Hampering Growth Prospects for Herbal Medicines
and Supplements
Some Notable Herbal Supplement Bans
Herbal Remedies Endangering Wild Plant Species
Combining Prescription Drugs with Herbal Supplements can Cause
Harm
Herbal Supplements May Increase the Risk of Breast Cancer
Impact of Herbal Supplements on Patients Undergoing Plastic
Surgery
Herbal Remedies & Arthritis Patients
4. GLOBAL MARKET PERSPECTIVE
Table 1: Herbal Supplements and Remedies Global Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 2: Herbal Supplements and Remedies Global Retrospective
Market Scenario in US$ Million by Region/Country: 2009-2017
Table 3: Herbal Supplements and Remedies Market Share Shift
across Key Geographies Worldwide: 2009 VS 2019 VS 2025
Table 4: Multi-Herbs (Product Type) World Market by
Region/Country in US$ Million: 2018 to 2025
Table 5: Multi-Herbs (Product Type) Historic Market Analysis by
Region/Country in US$ Million: 2009 to 2017
Table 6: Multi-Herbs (Product Type) Market Share Breakdown of
Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
Table 7: Specialty Herbs (Product Type) Potential Growth
Markets Worldwide in US$ Million: 2018 to 2025
Table 8: Specialty Herbs (Product Type) Historic Market
Perspective by Region/Country in US$ Million: 2009 to 2017
Table 9: Specialty Herbs (Product Type) Market Sales Breakdown
by Region/Country in Percentage: 2009 VS 2019 VS 2025
Table 10: Garlic (Product Type) Geographic Market Spread
Worldwide in US$ Million: 2018 to 2025
Table 11: Garlic (Product Type) Region Wise Breakdown of Global
Historic Demand in US$ Million: 2009 to 2017
Table 12: Garlic (Product Type) Market Share Distribution in
Percentage by Region/Country: 2009 VS 2019 VS 2025
Table 13: St. John’s Wort (Product Type) World Market Estimates
and Forecasts by Region/Country in US$ Million: 2018 to 2025
Table 14: St. John’s Wort (Product Type) Market Historic Review
by Region/Country in US$ Million: 2009 to 2017
Table 15: St. John’s Wort (Product Type) Market Share Breakdown
by Region/Country: 2009 VS 2019 VS 2025
Table 16: Echinacea (Product Type) World Market by
Region/Country in US$ Million: 2018 to 2025
Table 17: Echinacea (Product Type) Historic Market Analysis by
Region/Country in US$ Million: 2009 to 2017
Table 18: Echinacea (Product Type) Market Share Distribution in
Percentage by Region/Country: 2009 VS 2019 VS 2025
Table 19: Ginseng (Product Type) World Market Estimates and
Forecasts in US$ Million by Region/Country: 2018 to 2025
Table 20: Ginseng (Product Type) Market Worldwide Historic
Review by Region/Country in US$ Million: 2009 to 2017
Table 21: Ginseng (Product Type) Market Percentage Share
Distribution by Region/Country: 2009 VS 2019 VS 2025
Table 22: Other Product Types (Product Type) Market Opportunity
Analysis Worldwide in US$ Million by Region/Country: 2018 to
2025
Table 23: Other Product Types (Product Type) Global Historic
Demand in US$ Million by Region/Country: 2009 to 2017
Table 24: Other Product Types (Product Type) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Herbal Supplements and Remedies Market Share (in %) by
Company: 2020 & 2025
Market Analytics
Table 25: United States Herbal Supplements and Remedies Market
Estimates and Projections in US$ Million by Product Type: 2018
to 2025
Table 26: Herbal Supplements and Remedies Market in the United
States by Product Type: A Historic Review in US$ Million for
2009-2017
Table 27: United States Herbal Supplements and Remedies Market
Share Breakdown by Product Type: 2009 VS 2019 VS 2025
CANADA
Table 28: Canadian Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type: 2018 to
2025
Table 29: Canadian Herbal Supplements and Remedies Historic
Market Review by Product Type in US$ Million: 2009-2017
Table 30: Herbal Supplements and Remedies Market in Canada:
Percentage Share Breakdown of Sales by Product Type for 2009,
2019, and 2025
JAPAN
Table 31: Japanese Market for Herbal Supplements and Remedies:
Annual Sales Estimates and Projections in US$ Million by
Product Type for the Period 2018-2025
Table 32: Herbal Supplements and Remedies Market in Japan:
Historic Sales Analysis in US$ Million by Product Type for the
Period 2009-2017
Table 33: Japanese Herbal Supplements and Remedies Market Share
Analysis by Product Type: 2009 VS 2019 VS 2025
CHINA
Table 34: Chinese Herbal Supplements and Remedies Market Growth
Prospects in US$ Million by Product Type for the Period
2018-2025
Table 35: Herbal Supplements and Remedies Historic Market
Analysis in China in US$ Million by Product Type: 2009-2017
Table 36: Chinese Herbal Supplements and Remedies Market by
Product Type: Percentage Breakdown of Sales for 2009, 2019, and
2025
EUROPE
Market Facts & Figures
European Herbal Supplements and Remedies Market: Competitor
Market Share Scenario (in %) for 2020 & 2025
Market Analytics
Table 37: European Herbal Supplements and Remedies Market
Demand Scenario in US$ Million by Region/Country: 2018-2025
Table 38: Herbal Supplements and Remedies Market in Europe:
A Historic Market Perspective in US$ Million by Region/Country
for the Period 2009-2017
Table 39: European Herbal Supplements and Remedies Market Share
Shift by Region/Country: 2009 VS 2019 VS 2025
Table 40: European Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type:
2018-2025
Table 41: Herbal Supplements and Remedies Market in Europe in
US$ Million by Product Type: A Historic Review for the Period
2009-2017
Table 42: European Herbal Supplements and Remedies Market Share
Breakdown by Product Type: 2009 VS 2019 VS 2025
FRANCE
Table 43: Herbal Supplements and Remedies Market in France by
Product Type: Estimates and Projections in US$ Million for the
Period 2018-2025
Table 44: French Herbal Supplements and Remedies Historic
Market Scenario in US$ Million by Product Type: 2009-2017
Table 45: French Herbal Supplements and Remedies Market Share
Analysis by Product Type: 2009 VS 2019 VS 2025
GERMANY
Table 46: Herbal Supplements and Remedies Market in Germany:
Recent Past, Current and Future Analysis in US$ Million by
Product Type for the Period 2018-2025
Table 47: German Herbal Supplements and Remedies Historic
Market Analysis in US$ Million by Product Type: 2009-2017
Table 48: German Herbal Supplements and Remedies Market Share
Breakdown by Product Type: 2009 VS 2019 VS 2025
ITALY
Table 49: Italian Herbal Supplements and Remedies Market Growth
Prospects in US$ Million by Product Type for the Period
2018-2025
Table 50: Herbal Supplements and Remedies Historic Market
Analysis in Italy in US$ Million by Product Type: 2009-2017
Table 51: Italian Herbal Supplements and Remedies Market by
Product Type: Percentage Breakdown of Sales for 2009, 2019, and
2025
UNITED KINGDOM
Table 52: United Kingdom Market for Herbal Supplements and
Remedies: Annual Sales Estimates and Projections in US$ Million
by Product Type for the Period 2018-2025
Table 53: Herbal Supplements and Remedies Market in the United
Kingdom: Historic Sales Analysis in US$ Million by Product Type
for the Period 2009-2017
Table 54: United Kingdom Herbal Supplements and Remedies Market
Share Analysis by Product Type: 2009 VS 2019 VS 2025
SPAIN
Table 55: Spanish Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type: 2018 to
2025
Table 56: Spanish Herbal Supplements and Remedies Historic
Market Review by Product Type in US$ Million: 2009-2017
Table 57: Herbal Supplements and Remedies Market in Spain:
Percentage Share Breakdown of Sales by Product Type for 2009,
2019, and 2025
RUSSIA
Table 58: Russian Herbal Supplements and Remedies Market
Estimates and Projections in US$ Million by Product Type: 2018
to 2025
Table 59: Herbal Supplements and Remedies Market in Russia by
Product Type: A Historic Review in US$ Million for 2009-2017
Table 60: Russian Herbal Supplements and Remedies Market Share
Breakdown by Product Type: 2009 VS 2019 VS 2025
REST OF EUROPE
Table 61: Rest of Europe Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type:
2018-2025
Table 62: Herbal Supplements and Remedies Market in Rest of
Europe in US$ Million by Product Type: A Historic Review for
the Period 2009-2017
Table 63: Rest of Europe Herbal Supplements and Remedies Market
Share Breakdown by Product Type: 2009 VS 2019 VS 2025
ASIA-PACIFIC
Table 64: Asia-Pacific Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 65: Herbal Supplements and Remedies Market in
Asia-Pacific: Historic Market Analysis in US$ Million by
Region/Country for the Period 2009-2017
Table 66: Asia-Pacific Herbal Supplements and Remedies Market
Share Analysis by Region/Country: 2009 VS 2019 VS 2025
Table 67: Herbal Supplements and Remedies Market in
Asia-Pacific by Product Type: Estimates and Projections in US$
Million for the Period 2018-2025
Table 68: Asia-Pacific Herbal Supplements and Remedies Historic
Market Scenario in US$ Million by Product Type: 2009-2017
Table 69: Asia-Pacific Herbal Supplements and Remedies Market
Share Analysis by Product Type: 2009 VS 2019 VS 2025
AUSTRALIA
Table 70: Herbal Supplements and Remedies Market in Australia:
Recent Past, Current and Future Analysis in US$ Million by
Product Type for the Period 2018-2025
Table 71: Australian Herbal Supplements and Remedies Historic
Market Analysis in US$ Million by Product Type: 2009-2017
Table 72: Australian Herbal Supplements and Remedies Market
Share Breakdown by Product Type: 2009 VS 2019 VS 2025
INDIA
Table 73: Indian Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type: 2018 to
2025
Table 74: Indian Herbal Supplements and Remedies Historic
Market Review by Product Type in US$ Million: 2009-2017
Table 75: Herbal Supplements and Remedies Market in India:
Percentage Share Breakdown of Sales by Product Type for 2009,
2019, and 2025
SOUTH KOREA
Table 76: Herbal Supplements and Remedies Market in South
Korea: Recent Past, Current and Future Analysis in US$ Million
by Product Type for the Period 2018-2025
Table 77: South Korean Herbal Supplements and Remedies Historic
Market Analysis in US$ Million by Product Type: 2009-2017
Table 78: Herbal Supplements and Remedies Market Share
Distribution in South Korea by Product Type: 2009 VS 2019 VS
2025
REST OF ASIA-PACIFIC
Table 79: Rest of Asia-Pacific Market for Herbal Supplements
and Remedies: Annual Sales Estimates and Projections in US$
Million by Product Type for the Period 2018-2025
Table 80: Herbal Supplements and Remedies Market in Rest of
Asia-Pacific: Historic Sales Analysis in US$ Million by Product
Type for the Period 2009-2017
Table 81: Rest of Asia-Pacific Herbal Supplements and Remedies
Market Share Analysis by Product Type: 2009 VS 2019 VS 2025
LATIN AMERICA
Table 82: Latin American Herbal Supplements and Remedies Market
Trends by Region/Country in US$ Million: 2018-2025
Table 83: Herbal Supplements and Remedies Market in Latin
America in US$ Million by Region/Country: A Historic
Perspective for the Period 2009-2017
Table 84: Latin American Herbal Supplements and Remedies Market
Percentage Breakdown of Sales by Region/Country: 2009, 2019,
and 2025
Table 85: Latin American Herbal Supplements and Remedies Market
Growth Prospects in US$ Million by Product Type for the Period
2018-2025
Table 86: Herbal Supplements and Remedies Historic Market
Analysis in Latin America in US$ Million by Product Type:
2009-2017
Table 87: Latin American Herbal Supplements and Remedies Market
by Product Type: Percentage Breakdown of Sales for 2009, 2019,
and 2025
ARGENTINA
Table 88: Argentinean Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type:
2018-2025
Table 89: Herbal Supplements and Remedies Market in Argentina
in US$ Million by Product Type: A Historic Review for the
Period 2009-2017
Table 90: Argentinean Herbal Supplements and Remedies Market
Share Breakdown by Product Type: 2009 VS 2019 VS 2025
BRAZIL
Table 91: Herbal Supplements and Remedies Market in Brazil by
Product Type: Estimates and Projections in US$ Million for the
Period 2018-2025
Table 92: Brazilian Herbal Supplements and Remedies Historic
Market Scenario in US$ Million by Product Type: 2009-2017
Table 93: Brazilian Herbal Supplements and Remedies Market
Share Analysis by Product Type: 2009 VS 2019 VS 2025
MEXICO
Table 94: Herbal Supplements and Remedies Market in Mexico:
Recent Past, Current and Future Analysis in US$ Million by
Product Type for the Period 2018-2025
Table 95: Mexican Herbal Supplements and Remedies Historic
Market Analysis in US$ Million by Product Type: 2009-2017
Table 96: Mexican Herbal Supplements and Remedies Market Share
Breakdown by Product Type: 2009 VS 2019 VS 2025
REST OF LATIN AMERICA
Table 97: Rest of Latin America Herbal Supplements and Remedies
Market Estimates and Projections in US$ Million by Product
Type: 2018 to 2025
Table 98: Herbal Supplements and Remedies Market in Rest of
Latin America by Product Type: A Historic Review in US$ Million
for 2009-2017
Table 99: Rest of Latin America Herbal Supplements and Remedies
Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
MIDDLE EAST
Table 100: The Middle East Herbal Supplements and Remedies
Market Estimates and Forecasts in US$ Million by
Region/Country: 2018-2025
Table 101: Herbal Supplements and Remedies Market in the Middle
East by Region/Country in US$ Million: 2009-2017
Table 102: The Middle East Herbal Supplements and Remedies
Market Share Breakdown by Region/Country: 2009, 2019, and 2025
Table 103: The Middle East Herbal Supplements and Remedies
Market Estimates and Forecasts in US$ Million by Product Type:
2018 to 2025
Table 104: The Middle East Herbal Supplements and Remedies
Historic Market by Product Type in US$ Million: 2009-2017
Table 105: Herbal Supplements and Remedies Market in the Middle
East: Percentage Share Breakdown of Sales by Product Type for
2009, 2019, and 2025
IRAN
Table 106: Iranian Market for Herbal Supplements and Remedies:
Annual Sales Estimates and Projections in US$ Million by
Product Type for the Period 2018-2025
Table 107: Herbal Supplements and Remedies Market in Iran:
Historic Sales Analysis in US$ Million by Product Type for the
Period 2009-2017
Table 108: Iranian Herbal Supplements and Remedies Market Share
Analysis by Product Type: 2009 VS 2019 VS 2025
ISRAEL
Table 109: Israeli Herbal Supplements and Remedies Market
Estimates and Forecasts in US$ Million by Product Type:
2018-2025
Table 110: Herbal Supplements and Remedies Market in Israel in
US$ Million by Product Type: A Historic Review for the Period
2009-2017
Table 111: Israeli Herbal Supplements and Remedies Market Share
Breakdown by Product Type: 2009 VS 2019 VS 2025
SAUDI ARABIA
Table 112: Saudi Arabian Herbal Supplements and Remedies Market
Growth Prospects in US$ Million by Product Type for the Period
2018-2025
Table 113: Herbal Supplements and Remedies Historic Market
Analysis in Saudi Arabia in US$ Million by Product Type:
2009-2017
Table 114: Saudi Arabian Herbal Supplements and Remedies Market
by Product Type: Percentage Breakdown of Sales for 2009, 2019,
and 2025
UNITED ARAB EMIRATES
Table 115: Herbal Supplements and Remedies Market in the United
Arab Emirates: Recent Past, Current and Future Analysis in US$
Million by Product Type for the Period 2018-2025
Table 116: United Arab Emirates Herbal Supplements and Remedies
Historic Market Analysis in US$ Million by Product Type:
2009-2017
Table 117: Herbal Supplements and Remedies Market Share
Distribution in United Arab Emirates by Product Type: 2009 VS
2019 VS 2025
REST OF MIDDLE EAST
Table 118: Herbal Supplements and Remedies Market in Rest of
Middle East: Recent Past, Current and Future Analysis in US$
Million by Product Type for the Period 2018-2025
Table 119: Rest of Middle East Herbal Supplements and Remedies
Historic Market Analysis in US$ Million by Product Type:
2009-2017
Table 120: Rest of Middle East Herbal Supplements and Remedies
Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025
AFRICA
Table 121: African Herbal Supplements and Remedies Market
Estimates and Projections in US$ Million by Product Type: 2018
to 2025
Table 122: Herbal Supplements and Remedies Market in Africa by
Product Type: A Historic Review in US$ Million for 2009-2017
Table 123: African Herbal Supplements and Remedies Market Share
Breakdown by Product Type: 2009 VS 2019 VS 2025
IV. COMPETITION
Total Companies Profiled: 109
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