Frequently Asked Questions
The global herbal supplements market was valued at USD 6.5 Billion in 2022.
The herbal supplements market is expected to grow at a CAGR of 6.50% between 2023 and 2030, reaching USD 10.1 Billion in 2030.
the adult consumer sector led the global market, accounting for 42.2% of total sales.
personal care segment contributes the rest to the demand for herbal supplements.
the turmeric supplement segment is expected to grow at the quickest CAGR of 8.1%.
Asia Pacific is currently the most important region in the herbal supplement business, accounting for over 40% of the worldwide market.
The top players include Royal Cosun, Greenyard, Himalaya Food International Ltd., J.R. Simplot Company. Other major players include Cargill, Incorporated, Meelunie B.V, Permolex Ltd, Amilina AB, Z&F Sungold Corporation, Tereos SCA.
Growing Interest in Herbal Supplements and Acceptance by Medical Professionals of Herbal Supplements are the major market drivers.
Misconceptions and Negative Perceptions about Herbal Supplements, as well as a lack of regulation and standardization are the major market restraints.
Natural and organic items are growing increasingly popular, as is E-commerce.are the major opportunities in the herbal supplements industry.