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2020

Herbal nutraceuticals Market

Herbal nutraceuticals Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product Type, Nature, Form, Sales Channel : Global Opportunity Analysis And Industry Forecast, 2021-2027

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Author's: Priya | Roshan Deshmukh
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Herbal Nutraceuticals Market Research, 2027

Herbal nutraceuticals are dietary supplements derived from plants that offer health benefits beyond basic nutrition. These products contain bioactive compounds, such as vitamins, minerals, antioxidants, and phytonutrients, which can support overall well-being and help prevent or manage various health conditions. Unlike pharmaceuticals, herbal nutraceuticals are often used for their natural properties in promoting immune health, digestive health, cardiovascular support, and more. They bridge the gap between food and medicine, providing a natural approach to enhancing human health. 

Market Value Projections and Insights 

  • 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. 

  • Europe accounted for the highest market attributed to rise in adoption of healthy lifestyle in the region. 

  • Capsules and tablets dominate the market owing to their convenience, precise dosage, longer shelf life, and ease of consumption, making them the preferred form for both manufacturers and consumers. 

  • The others segment dominates market owing to the rising number of obesity cases and consumers suffering from cardiovascular diseases is anticipated to boost the demand for green tea nutraceuticals globally. 

  • The conventional segment accounted for the highest market share owing to availability at low price compared to organic herbal nutraceuticals drives their demand in the market, globally. 

  • The Pharmacy segment dominates the market owing to improvement in healthcare infrastructure and ease of availability. 

herbal-nutraceuticals-2020-2027

Increasing consumer awareness of the health benefits of natural and plant-based products is a major driver, as more people seek alternatives to synthetic medications. The rise in lifestyle-related diseases such as obesity, diabetes, and cardiovascular disorders has also spurred demand for herbal nutraceuticals aimed at prevention and wellness. Moreover, growing interest in personalized nutrition and supplements tailored to individual health needs is a prominent trend shaping the market. 

However, challenges include regulatory complexities and the lack of standardization in product quality, which can affect consumer trust and market growth. Additionally, the limited scientific validation of some herbal products poses hurdles for wider acceptance in the medical community. Market opportunities lie in expanding research and development to improve product efficacy and safety, along with exploring new herbal ingredients with proven health benefits. Increasing urbanization, an aging population, and growing adoption of e-commerce platforms also provide avenues for market expansion. The rising demand for clean-label products and sustainability is further pushing the development of eco-friendly and organic herbal nutraceuticals. 

Herbal nutraceuticals Market
By Form
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The Capsules & Tablets segment dominates the global herbl nutraceuticals market and is expected to retain its dominance throughout the forecast period.

Industry Highlights 

  • Increasing demand for natural supplements driven by consumers seeking preventive healthcare. 

  • Growing adoption of plant-based nutraceuticals due to concerns over synthetic ingredients. 

  • Increasing focus on sustainable and organic sources for herbal ingredients like turmeric, ginseng, and ashwagandha. 

  • Rising spending through online platforms as digital health and wellness markets expand globally. 

  • Growing interest in nutraceuticals tailored to specific health needs (e.g., immunity, gut health). 

The herbal nutraceuticals market is witnessing significant growth, driven by rising consumer awareness of natural health solutions and preventive care. Increased preference for plant-based supplements, particularly in managing lifestyle-related conditions like obesity, cardiovascular diseases, and diabetes, is fueling consumption. The aging population is another key driver, as older consumers increasingly seek herbal nutraceuticals for longevity and disease prevention. 

On the production side, there is a growing emphasis on sustainable sourcing and organic raw materials, with India and China emerging as major production hubs due to their abundant medicinal plant resources. Investment in R&D is expanding, aimed at improving product efficacy and discovering new herbal compounds. 

In terms of spending, consumer expenditure on wellness products has risen, especially through e-commerce channels. There is also a notable shift toward premium and clean-label products, as consumers are willing to pay more for high-quality, certified organic nutraceuticals. This combination of factors highlights the market’s strong growth potential across both developed and emerging regions. 

Key Areas Covered in the Report 

  • Varying global regulations for herbal nutraceuticals create compliance difficulties for manufacturers. 

  • The global rise in elderly populations seeking to manage chronic conditions and improve longevity is driving consumption of herbal nutraceuticals, especially for immune support, joint health, and cognitive function. 

  • Consumers are gravitating toward eco-friendly, organic, and clean-label products, pushing manufacturers to innovate and offer certified, high-quality herbal nutraceuticals that align with these preferences. 

  • Awareness about lifestyle-related diseases and the importance of prevention has led to a surge in demand for supplements that enhance overall wellness, boosting the market. 

Herbal nutraceuticals Market
By Distribution Channel
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The Pharmacy segment dominates the global herbl nutraceuticals market and is expected to retain its dominance throughout the forecast period.

The herbal nutraceuticals market is driven by several key areas and trends. Consumer preferences are shifting towards natural, plant-based supplements as more people focus on preventive healthcare and wellness. This is particularly strong among the aging population, who seek to manage chronic conditions with herbal products. In terms of competition, the market is highly fragmented, with both local and global players competing fiercely, pushing companies to innovate and differentiate their products. Sustainability is also a rising trend, with consumers increasingly demanding clean-label and organic herbal nutraceuticals, encouraging brands to invest in ethical sourcing and eco-friendly production. Digital transformation in retail, especially through e-commerce, is creating opportunities for greater market reach and personalized marketing. However, value chain challenges like the complexity of sourcing high-quality raw materials and navigating regulatory hurdles across different regions remain significant pain points for the industry.  

Topics discussed in the report 

  • Dietary products derived from herbs and plants, 

  • Highlights the importance of ethically sourcing herbal ingredients 

  • Increasing knowledge and understanding among consumers 

  • The trend towards using herbal nutraceuticals to prevent diseases rather than just treating them. 

Segment Overview  

The market is divided by product type, nature, form, sales channel, and region. By product type, the market is divided into ginger, garlic, turmeric, aloe vera, green tea, and others. By nature, the market is divided into conventional and organic. By form, the market is divided into powder, liquid, capsules & tablets, and others. According to the sales channel, the market is divided into pharmacy, online store, supermarket/hypermarket, and others. By region, the market is divided into North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, United Arab Emirates, South Africa, and the Rest of LAMEA). 

Factors such as rising health awareness, an aging population, and a shift towards plant-based products are pivotal in shaping this upward trend. In addition, the growth of e-commerce platforms enhances accessibility, allowing consumers to easily access a wide range of herbal supplements. Innovations in research and development further bolster the market by introducing new and effective herbal formulations, catering to specific health needs. However, challenges like regulatory hurdles and quality control in sourcing raw materials could impact growth. Overall, the market presents promising opportunities for manufacturers to capitalize on evolving consumer preferences and emerging health trends, reinforcing the importance of adapting strategies to meet these changing demands.  

Comparative Matrix of Key Segments 

Parameters 

Traditional Herbal Supplements 

Functional Foods & Beverages 

Herbal Dietary Supplements 

Herbal Personal Care Products 

Market Share 

Dominant in terms of traditional sales 

Growing rapidly due to health trends 

Niche but increasing in popularity 

Emerging segment with strong growth potential 

Distribution Channels 

Pharmacies, health food stores, supermarkets 

Online platforms, health food stores 

Specialty stores, e-commerce 

Beauty stores, e-commerce, direct sales 

Challenges 

Regulatory hurdles, competition from synthetic products 

Consumer skepticism, ingredient transparency 

Limited scientific backing, market competition 

Brand recognition, sustainability concerns 

Key Players 

Himalaya Wellness, Dabur, Herbalife 

Nestlé, PepsiCo, Coca-Cola 

Nature's Way, Solgar, Gaia Herbs 

The Body Shop, Lush, Aveda 

Regional Dynamics and Competition 

The Asia-Pacific region is a burgeoning market for herbal nutraceuticals, driven by a rich tradition of herbal medicine and a growing health-conscious population. Countries like India and China are at the forefront, leveraging their extensive knowledge of herbal practices to meet rising consumer demand for natural health solutions. The increasing prevalence of lifestyle-related diseases is pushing consumers towards preventive healthcare, thereby boosting the demand for herbal supplements. In addition, the expanding middle class in emerging economies is fueling spending on health and wellness products. E-commerce platforms are enhancing accessibility, allowing consumers to easily explore and purchase herbal nutraceuticals. Moreover, the trend towards sustainability and clean-label products is gaining traction, as consumers become more environmentally aware. Overall, the Asia-Pacific region presents significant opportunities for growth in the herbal nutraceuticals market, supported by cultural affinity and a shift in consumer preferences towards natural remedies. 

Herbal nutraceuticals Market
By Region
2027
Europe 
North America
Asia-Pacific
LAMEA

Globalherbl nutraceuticals market Market, By Region

Some of the major players analyzed in this report are Now foods, Herbochem, OREGON'S WILD HARVEST, Gaia Herbs Farm, Nature’s Bounty. Bio Botanica INC. Herb Pharma (Pharmaca), Solaray, Pure Encapsulations, LLC and  Solagar. 

Herbal nutraceuticals Market News Release 

  • In March 2021, Gaia Herbs launched six new mushroom capsule formulations to aid in heart, lung, brain, and neurological health abnormalities. These also helps to maintain body and mental wellness. This helped the company to offer more products and widen its customer base. 

  • Zingavita, an Indian startup company specialized in manufacturing nutraceuticals and supplement products, raised approximately USD 1.2 million in its pre-series A round funding. 

  • Israeli functional gummy supplement manufacturer TopGum Industries Ltd. is expanding its operations in the U.S. by establishing a new subsidiary TopGum, Inc., in New Jersey. The company aims at expanding its production capacity and marketing activities of functional gummy bears in North America and Europe. 

Key Benefits for Stakeholders 

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the herbal nutraceuticals market analysis from 2021 to 2027 to identify the prevailing herbal nutraceuticals market opportunities. 

  • The market research is offered along with information related to key drivers, restraints, and opportunities. 

  • 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 herbal nutraceuticals market segmentation assists to determine the prevailing market opportunities. 

  • Major countries in each region are mapped according to their revenue contribution to the global market. 

  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

  • The report includes the analysis of the regional as well as global herbal nutraceuticals market trends, key players, market segments, application areas, and market growth strategies. 

Herbal nutraceuticals Market Report Highlights

Aspects Details
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By Product Type
  • Ginger
  • Garlic
  • Turmeric
  • Aloe Vera
  • Green Tea
  • Others
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By Nature
  • Conventional
  • Organic
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By Form
  • Powder
  • Liquid
  • Capsules & Tablets
  • others
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By Sales Channel
  • Pharmacy
  • Online store
  • Supermarket/Hypermarket
  • Others
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By Region
  • North America  (U.S., Mexico, Canada)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (India, Japan, China, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Lain America, Middle East, Africa)
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Key Market Players

NUTRAMARKS, INC., BIO BOTANICA, INC., PHARMACA, NOW FOODS, PURE ENCAPSULATIONS, LLC, SYDLER INDIA PVT, NATURE’S BOUNTY, OREGON'S WILD HARVEST, HERBOCHEM, GAIA HERBS FARM

Analyst Review

Key players operating in the global herbal nutraceuticals market have adopted developmental strategies such as new product launch to strengthen their foothold in the market, in terms of value sales. They emphasize on continuous innovation to formulate products and gain a competitive edge in the global market and to boost the demand for herbal nutraceuticals. 

According to the key market players, changes in lifestyle and rise in health concerns of consumers across the globe boosts growth of the herbal nutraceuticals market. These players are focused on investing in R&D activities to launch improved products for consumers and maintain their position in the market. 

According to some key herbal nutraceutical companies, rise in trend to improve immunity among people is expected to fuel demand for herbal nutraceuticals across the globe. Thus, this factor is anticipated to offer lucrative opportunities for growth of the herbal nutraceuticals market. Moreover, key manufacturers are providing herbal nutraceuticals in different formats including liquid, capsules, soft gels, and powders to make consumption easy and convenient for consumers. However, high cost associated with these products hampers the market growth.
 

Author Name(s) : Priya | Roshan Deshmukh
Frequently Asked Questions?

the Herbal Nutraceuticals Market Size From 2021 to 2027 will be $48,446.5 million.

The Herbal Nutraceuticals Market registers a CAGR of 7.55% from 2021 to 2027.

You can raise the query to our sales team and they will get back to you with the sample for the Herbal Nutraceuticals Market Report.

Increasing number of health conscious consumers globally is one of the factor that is positively effecting herbal nutraceuticals market.

The herbal nutraceuticals market is segmented on the basis of products type, form , nature , sales channels and region.

The forecast period of herbal nutraceuticals market in the report is considered from the year 2021 to 2027.

Now foods, Herbochem, OREGON'S WILD HARVEST, Gaia Herbs Farm, Nature’s Bounty. Bio Botanica INC. Herb Pharma, Solaray, Pure Encapsulations, LLC and Solagar are the active players in the herbal nutraceuticals market.

The rising number of consumers looking for boosting their immunity power due to covid -19 is the major current trends that will shape the market in the future.

The increasing number of consumers focusing on leading a healthy lifestyle and boosting their immunity power are the key trends in the herbal nutraceuticals market report.

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Herbal nutraceuticals Market

Global Opportunity Analysis And Industry Forecast, 2021-2027