Report Ocean has recently published the “Herbal Nutraceuticals Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global herbal nutraceuticals market was valued at $28,329.7 million in 2019, and is projected to reach $48,446.5 million by 2027, registering a CAGR of 7.55% from 2021 to 2027. Herbal nutraceuticals are obtained from natural sources with no added chemicals or toxins. These products are highly effective, safer, and more tolerable as compared to conventional products available in the market. Some of the common herbal nutraceuticals available in the market are aloe vera, garlic, ginger, green tea, and turmeric. Moreover, these herbal nutraceuticals are easily available in the market through various distribution channels including online stores, supermarkets/hypermarket, online stores, and others. The continuous growth of online stores is expected to drive growth of the herbal nutraceuticals market, in terms of value sales, during the forecast period.
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Rise in number of health-conscious consumers across the globe boosts the market growth. Moreover, increase in number of consumers suffering from chronic disease further fuels growth of the herbal nutraceuticals market. However, high cost of herbal nutraceuticals is expected to hamper growth of the market. Nevertheless, rise in consumer awareness about organic products and rapid growth of online retail platform are anticipated to offer immense opportunities for the market growth, in terms of value sales, during the forecast period.
The global herbal nutraceuticals market is segmented into product type, nature, form, sales channel, and region. By product type, the market is classified into ginger, garlic, turmeric, aloe vera, green tea, and others. By nature, it is divided into conventional and organic. By form, it is segmented into capsules & tablets, powder, liquid, and others. On the basis of sales channel, it is segregated into pharmacy, online store, supermarket/hypermarket, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA
Key Benefits for Stakeholders
– This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global herbal nutraceuticals market from 2021 to 2027 to identify the prevailing market opportunities.
– The key countries in four major regions are mapped based on their market share.
– 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 market segmentation assists in determining the prevailing market opportunities.
– Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of market players.
– The report includes the analysis of the regional as well as global market, key players, market segments, Gender areas, and growth strategies.
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The key players profiled in the report includeNow foods, Herbochem, OREGON’S WILD HARVEST, Gaia Herbs Farm, Nature’s Bounty. Bio Botanica INC. Herb Pharma (Pharmaca), Solagar Pure Encapsulations, LLC, and Solaray.
KEY MARKET SEGMENTS
– By Product type
o Ginger
o Garlic
o Turmeric
o Aloe Vera
o Green Tea
o Others
–By Nature
o Conventional
o Organic
– By Form
o Capsules & Tablets
o Powders
o Liquids,
o others
– By Distribution Channel
o Pharmacy
o Online store
o Supermarket/Hypermarket
o Others
– By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? Germany
? France
? UK
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? Indonesia
? Rest of Asia-Pacific
o LAMEA
? Lain America
? Middle East
? Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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