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DATE
JUL 2020
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PAGES
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EDITION
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PRICE
USD $5600
China Has Risen Into An Economic Powerhouse.
Find Out How You Can Leverage This Opportunity!
Amid the COVID-19 crisis, the global market for Herbal Supplements and Remedies estimated at US$104.6 Billion in the year 2020, is projected to reach a revised size of US$166.2 Billion by 2027, growing at a CAGR of 6.8% over the analysis period 2020-2027. Multi-Herbs, one of the segments analyzed in the report, is projected to record a 8.1% CAGR and reach US$99.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Specialty Herbs segment is readjusted to a revised 6.2% CAGR for the next 7-year period.
The Herbal Supplements and Remedies market in the U.S. is estimated at US$28.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$37 Billion by the year 2027 trailing a CAGR of 10.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
In the global Garlic segment, USA, Canada, Japan, China and Europe will drive the 4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.8 Billion in the year 2020 will reach a projected size of US$5.1 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$22.6 Billion by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period. We bring years of research experience to this 15th edition of our report. The 262-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Arizona Natural Products; ARKOPHARMA Laboratories Company Limited; Bio-Botanica, Inc.; Blackmores Ltd.; Gaia Herbs LLC; Herbalife International of America Inc.; Indfrag Ltd.; Jemo-pharm A/S; NaturaLife Asia Co. Ltd.; Nature`s Bounty Inc.; Pharma Nord ApS; Pharmavite® LLC; Potter`s Herbals; Ricola AG; Twinlab Consolidated Holdings Inc.
» Product Type (Multi-Herbs, Specialty Herbs, Garlic, St. John's Wort, Echinacea, Ginseng, Other Product Types)
» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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05
| 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 |
| Impact of Covid-19 and a Looming Global Recession |
| 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 |
| Herbal Supplements and Remedies Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Herbal Supplements and Remedies Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017 |
| Herbal Supplements and Remedies Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025 |
| Multi-Herbs (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025 |
| Multi-Herbs (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017 |
| Multi-Herbs (Product Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025 |
| Specialty Herbs (Product Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025 |
| Specialty Herbs (Product Type) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017 |
| Specialty Herbs (Product Type) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025 |
| Garlic (Product Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025 |
| Garlic (Product Type) Region Wise Breakdown of Global Historic Demand in US$ Million: 2009 to 2017 |
| Garlic (Product Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025 |
| St. John's Wort (Product Type) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025 |
| St. John's Wort (Product Type) Market Historic Review by Region/Country in US$ Million: 2009 to 2017 |
| St. John's Wort (Product Type) Market Share Breakdown by Region/Country: 2009 VS 2019 VS 2025 |
| Echinacea (Product Type) World Market by Region/Country in US$ Million: 2018 to 2025 |
| Echinacea (Product Type) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017 |
| Echinacea (Product Type) Market Share Distribution in Percentage by Region/Country: 2009 VS 2019 VS 2025 |
| Ginseng (Product Type) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025 |
| Ginseng (Product Type) Market Worldwide Historic Review by Region/Country in US$ Million: 2009 to 2017 |
| Ginseng (Product Type) Market Percentage Share Distribution by Region/Country: 2009 VS 2019 VS 2025 |
| Other Product Types (Product Type) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2018 to 2025 |
| Other Product Types (Product Type) Global Historic Demand in US$ Million by Region/Country: 2009 to 2017 |
| 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 |
| United States Herbal Supplements and Remedies Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Herbal Supplements and Remedies Market in the United States by Product Type: A Historic Review in US$ Million for 2009-2017 |
| United States Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Canada |
| Canadian Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| Canadian Herbal Supplements and Remedies Historic Market Review by Product Type in US$ Million: 2009-2017 |
| Herbal Supplements and Remedies Market in Canada: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| Japan |
| Japanese Market for Herbal Supplements and Remedies: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Market in Japan: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| Japanese Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| China |
| Chinese Herbal Supplements and Remedies Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Historic Market Analysis in China in US$ Million by Product Type: 2009-2017 |
| 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 |
| European Herbal Supplements and Remedies Market Demand Scenario in US$ Million by Region/Country: 2018-2025 |
| Herbal Supplements and Remedies Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017 |
| European Herbal Supplements and Remedies Market Share Shift by Region/Country: 2009 VS 2019 VS 2025 |
| European Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Herbal Supplements and Remedies Market in Europe in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| European Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| France |
| Herbal Supplements and Remedies Market in France by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 |
| French Herbal Supplements and Remedies Historic Market Scenario in US$ Million by Product Type: 2009-2017 |
| French Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Germany |
| Herbal Supplements and Remedies Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| German Herbal Supplements and Remedies Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| German Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Italy |
| Italian Herbal Supplements and Remedies Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Historic Market Analysis in Italy in US$ Million by Product Type: 2009-2017 |
| Italian Herbal Supplements and Remedies Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Kingdom |
| United Kingdom Market for Herbal Supplements and Remedies: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| United Kingdom Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Spain |
| Spanish Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| Spanish Herbal Supplements and Remedies Historic Market Review by Product Type in US$ Million: 2009-2017 |
| Herbal Supplements and Remedies Market in Spain: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| Russia |
| Russian Herbal Supplements and Remedies Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Herbal Supplements and Remedies Market in Russia by Product Type: A Historic Review in US$ Million for 2009-2017 |
| Russian Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Europe |
| Rest of Europe Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Herbal Supplements and Remedies Market in Rest of Europe in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| Rest of Europe Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Asia-Pacific |
| Asia-Pacific Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Herbal Supplements and Remedies Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017 |
| Asia-Pacific Herbal Supplements and Remedies Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025 |
| Herbal Supplements and Remedies Market in Asia-Pacific by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 |
| Asia-Pacific Herbal Supplements and Remedies Historic Market Scenario in US$ Million by Product Type: 2009-2017 |
| Asia-Pacific Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Australia |
| Herbal Supplements and Remedies Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| Australian Herbal Supplements and Remedies Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Australian Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| India |
| Indian Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| Indian Herbal Supplements and Remedies Historic Market Review by Product Type in US$ Million: 2009-2017 |
| Herbal Supplements and Remedies Market in India: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| South Korea |
| 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 |
| South Korean Herbal Supplements and Remedies Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Herbal Supplements and Remedies Market Share Distribution in South Korea by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Asia-Pacific |
| 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 |
| Herbal Supplements and Remedies Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| Rest of Asia-Pacific Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Latin America |
| Latin American Herbal Supplements and Remedies Market Trends by Region/Country in US$ Million: 2018-2025 |
| Herbal Supplements and Remedies Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017 |
| Latin American Herbal Supplements and Remedies Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025 |
| Latin American Herbal Supplements and Remedies Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Historic Market Analysis in Latin America in US$ Million by Product Type: 2009-2017 |
| Latin American Herbal Supplements and Remedies Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| Argentina |
| Argentinean Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Herbal Supplements and Remedies Market in Argentina in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| Argentinean Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Brazil |
| Herbal Supplements and Remedies Market in Brazil by Product Type: Estimates and Projections in US$ Million for the Period 2018-2025 |
| Brazilian Herbal Supplements and Remedies Historic Market Scenario in US$ Million by Product Type: 2009-2017 |
| Brazilian Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Mexico |
| Herbal Supplements and Remedies Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Type for the Period 2018-2025 |
| Mexican Herbal Supplements and Remedies Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Mexican Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Latin America |
| Rest of Latin America Herbal Supplements and Remedies Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Herbal Supplements and Remedies Market in Rest of Latin America by Product Type: A Historic Review in US$ Million for 2009-2017 |
| Rest of Latin America Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Middle East |
| The Middle East Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025 |
| Herbal Supplements and Remedies Market in the Middle East by Region/Country in US$ Million: 2009-2017 |
| The Middle East Herbal Supplements and Remedies Market Share Breakdown by Region/Country: 2009, 2019, and 2025 |
| The Middle East Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018 to 2025 |
| The Middle East Herbal Supplements and Remedies Historic Market by Product Type in US$ Million: 2009-2017 |
| Herbal Supplements and Remedies Market in the Middle East: Percentage Share Breakdown of Sales by Product Type for 2009, 2019, and 2025 |
| Iran |
| Iranian Market for Herbal Supplements and Remedies: Annual Sales Estimates and Projections in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Market in Iran: Historic Sales Analysis in US$ Million by Product Type for the Period 2009-2017 |
| Iranian Herbal Supplements and Remedies Market Share Analysis by Product Type: 2009 VS 2019 VS 2025 |
| Israel |
| Israeli Herbal Supplements and Remedies Market Estimates and Forecasts in US$ Million by Product Type: 2018-2025 |
| Herbal Supplements and Remedies Market in Israel in US$ Million by Product Type: A Historic Review for the Period 2009-2017 |
| Israeli Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Saudi Arabia |
| Saudi Arabian Herbal Supplements and Remedies Market Growth Prospects in US$ Million by Product Type for the Period 2018-2025 |
| Herbal Supplements and Remedies Historic Market Analysis in Saudi Arabia in US$ Million by Product Type: 2009-2017 |
| Saudi Arabian Herbal Supplements and Remedies Market by Product Type: Percentage Breakdown of Sales for 2009, 2019, and 2025 |
| United Arab Emirates |
| 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 |
| United Arab Emirates Herbal Supplements and Remedies Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Herbal Supplements and Remedies Market Share Distribution in United Arab Emirates by Product Type: 2009 VS 2019 VS 2025 |
| Rest of Middle East |
| 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 |
| Rest of Middle East Herbal Supplements and Remedies Historic Market Analysis in US$ Million by Product Type: 2009-2017 |
| Rest of Middle East Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| Africa |
| African Herbal Supplements and Remedies Market Estimates and Projections in US$ Million by Product Type: 2018 to 2025 |
| Herbal Supplements and Remedies Market in Africa by Product Type: A Historic Review in US$ Million for 2009-2017 |
| African Herbal Supplements and Remedies Market Share Breakdown by Product Type: 2009 VS 2019 VS 2025 |
| IV. COMPETITION |
| Total Companies Profiled : 109 Click here to request a full table of contents and more details on this project. |
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