Global
Herbal Supplements and Remedies Market: Overview
Herbs
and plants are being extensively used for their medicinal properties
since time immemorial. A large section of the global population is
switching to herbal supplements due to their added health benefits.
Herbal supplements or botanicals are natural non-pharmaceutical and
non-food substances that are commercialized in the market to improve
health.
The
demand for herbal supplements is increasing due to their ‘natural’
label. Consumers are opting for herbal supplements to improve their
health. Subsequently, increased prices of medicinal and dietary
products have led to the growth of the global herbal supplements and
remedies market.
Interpret
a Competitive outlook Analysis Report with PDF Brochure:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7487
In
the report, Transparency Market Research (TMR) provides a detailed
analysis of drivers and restrictions in the global herbal supplements
and remedies market. It also delivers insight to the various segments
and regions of the market.
Global
Herbal Supplements and Remedies Market: Drivers and Restraints
An
increasingly sedentary lifestyle thus far is pushing consumers to
lead a healthy life. The number of mental and health disorders are
multiplying. More and more individuals are now looking at
alternatives that are safer, healthier, and economical. Herbal
supplements are gaining prominence due to increased awareness among
consumers.
Globally,
herbal supplements have slowly and steadily gained the confidence of
consumers. They are ready to include herbal supplements in their
daily dietary regime and this in turn has led to the growth of the
market. In addition, high healthcare costs, inactive lifestyle,
tighter government budgets, and increasing prices of medicinal and
dietary products have driven consumers to shift to more economical
options such as herbal supplements. To get long lasting relief from
physical and mental disorders, herbal remedies are proving to be the
safest alternative.
Recently,
with the introduction of Current Good Manufacturing Practices (CGMP)
regulations by the U.S. FDA, the herbal
supplement and remedies market in the U.S. had been booming and
enjoying no regulation policies. The stringent regulatory policy is
now applicable to herbal supplements as well and is one of the major
factors limiting the market growth. Product availability and
acceptance, forms of delivery, and product pricings are some other
factors that might negatively affect the overall size of this
industry.
Herbal
supplements claim to be natural; however, this might not be true
always. There can be various harmful side effects and thus it is
always recommended to use these products after a thorough
consultation with an herbalist or a physician.
Global
Herbal Supplements and Remedies Market: Regional Outlook
Geographically,
North America accounts for the leading share in the global market.
Supplementary vitamins and dietary supplements in this region use
herbal products in high quantity, thus making it the dominant
segment. Europe follows suit and is another promising region for
herbal supplements and remedies. Higher consumer acceptance rate for
herbal products and welcoming legislation, plus acquisitions of small
nutraceutical companies by established pharmaceutical companies, have
played a crucial role in aiding market growth in Europe.
Asia
Pacific and Latin America are two regions that have contributed
immensely toward the market growth. Countries such as China, India,
Malaysia, and Singapore are expected to boost the demand for herbal
supplements owing to increased focus on using herbal products, a rise
in research activities on dietary supplements, and growing acceptance
rate for herbal remedies.
Companies
Mentioned in the Report
The
key players in the global herbal supplements and remedies market
include Sundown Nutrition, Twinlab Corporation, Martek Biosciences
Corporation, Natures Aid, DSM Nutritional Products Ltd., i-Health,
Inc., Nutraceutical Corporation, Ricola AG, Bio-Botanica, Inc.,
ARKOPHARMA Pharmaceutical Laboratories, and The Himalaya Drug
Company.
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