The demand for Herbal Nutraceuticals is expected to increase during the forecast period,owing to rise in number of health conscious customers across the world, In addition, presently people are consuming herbal nutraceuticals to boost their immunity against thenovel coronavirus. Hence, such factors are expected to boost the market growth. Herbal nutraceuticals help in maintaining health and act against nutritionally induced acute and chronic diseases, which promotes optimal health, longevity, and quality of life.
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ง๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ข๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-sample/6165
The global herbal nutraceuticals market size was valueda 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.
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The key players operating in the global herbal nutraceuticals industry include Now foods, Herbochem, OREGON’S WILD HARVEST, Gaia Herbs Farm, Natureโs Bounty. Bio Botanica INC. Herb Pharma (Pharmaca),Solaray, Pure Encapsulations, LLC,and Solagar
By product type, the green tea segment is anticipated to grow at the highest CAGR during the forecast period. This is attributedto rise in consumer awareness regarding health benefits associated with consumption of green tea and its easy availability in various formats in the market.
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Moreover, bynature, the organic segment in the herbal nutraceuticals market is anticipated to grow at the highest CAGR , in terms of value sales, during the herbal nutraceuticals market forecast period. Rise in number of health-conscious consumers along with rise in consumer awareness regarding health benefits associated with consumption of organic herbal nutraceuticals are the major factors that drive growth of the organic herbal nutraceuticals market.
Key Findings of Study:
- By product type, the ginger segment accounted for the highest herbal nutraceuticals market share in 2019, growing at a CAGR of 6.20% from 2021 to 2027.
- By nature, the conventional segment accounted for the highest market share in 2019, growing at a CAGR of 7.30% from 2021 to 2027.
- By form, the capsules & tablets segment accounted for the highest market share in 2019, growing at a CAGR of 6.70% from 2021 to 2027.
- By sales channel, the online store segment accounted for the highest market share in 2019, growing at a CAGR of 6.56% from 2021 to 2027.
- By Region, Europeoccupied maximum share in the herbal nutraceuticals market in 2019 and is expected to dominate the market during the forecast period.
๐๐ฉ๐๐๐ค ๐๐จ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/7108
Regional Outlook
Furthermore, by sales channel,the online store segment is anticipated to be the fastest growing segment, in terms of value sales, during the forecast period, owing to the rise in use of online platforms or e-commerce for purchase ofherbal nutraceuticals among customers. This is attributedto easy availability of different brands ofherbal nutraceuticals on online platform. Moreover, thissales channel also provides information about the productssuch as their health benefits, dosage direction, and ingredients. Moreover, online store has time-saving features and the facility of home delivery, which has increases consumers inclination towards online stores. In addition, owing tothe COVID -19 pandemic, consumers are restraining themselves to go outside their homes and in crowded places such as supermarkets and hypermarket, which, in turn, has increased distribution of herbal nutraceuticals through online stores.
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Nutraceutical Ingredients Market
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