Herbal Supplements Market: By Product Type (Moringa, Flaxseeds, Turmeric, Ginger, Ginseng, and Echinacea), By Formulation Type (Capsules, Powder, Granules, Tablets, Soft gels), By End User (Pregnant women, Adult, Pediatrics, Geriatric), By Distribution channel (Pharmacy, Supermarket/Hypermarket, Health & Wellness Store, E-commerce) and Geography

Herbal Supplements Market was valued at USD 42,256.5 million in 2022, growing at an 11.6% CAGR from 2023 to 2029. Herbal supplements are products derived from plants and/or their oils, roots, seeds, berries, or flowers. Herbal supplements have been used for many centuries. They are believed to have healing properties. The main source of herbal supplements is leaves, fruits & Vegetable, berks, roots, and others. The benefit of herbal supplements is to improve health and enhance immune systems. Consumer awareness about health enhances the herbal supplement market, it helps to maintain cholesterol levels, blood pressure, and various cardiac benefits and improves the digestive system. As a result, herbal supplements drive the market.

Health consciousness among, rise the market growth, manufacturing key players are focusing on needs of the consumer, to develop innovative products to expand the market leads to create various opportunity in the market. The penetration of local and small key players dilutes the market, consumers claim false natural products many key players do adulteration to enhance the formulation which is the major restraint to prove the product formulation. Geographically, Asia Pacific held the major market share in 2022 and is expected to dominate the herbal supplement market in the forecasted years.

Herbal Supplements Market Key Developments:

In August 2022, Nutriherbs launched first of its kind health supplements, including Nutriherbs Brain Tea, Nutriherbs Brain Coffee, and Nutriherbs Glow Builder Brain Tea’s active ingredients include Organic Ginkgo Biloba, Organic Gotu Kola, Organic Lion’s Mane Mushroom, Organic MCT Coconut Oil, while the Brain Coffee’s active ingredients are Organic Roasted Coffee Beans Powder, Organic Lion’s Mane Mushroom Powder, Organic MCT Coconut Powder.

In January 2022, Natrol and Jarrow Formulas came together Under a New Company as Vytalogy Wellness. Vytalogy strives to bring a vibrant energy to life every day. Its mission is to be a modern wellness company that fuses science and quality ingredients into highly efficacious products that make a transformative impact on consumers’ lives.