(Food-Beverage-News.Com, September 19, 2018 ) According to Verified Market Intelligence, the global herbal supplements market was valued at USD 59.45 billion in 2016 and is projected to reach USD 104.78 billion by 2025, growing at a CAGR of 6.5% from 2017 to 2025.
Herbal supplements also referred as botanicals, are kind of dietary supplements used for therapeutic applications. These supplements are derived from plants and used mainly for improving health conditions. Herbal supplements are composed of an active ingredient which has been extracted from the herb. These supplements are available commercially in the form of tablets, capsules, powder or liquid providing medical benefits.
Growing female buyers for herbal supplements along with the growing use of herbal products by the young demographic has been driving the global herbal supplements market. While stringent regulations regarding ingredients used in manufacturing might hinder the growth at a global level.
Competitive Landscape:
The major players in the market are as follows:
Herbalife Glanbia PLC Archer Daniels Midland Company Ricola AG Blackmores Limited Nbty Inc. Nutraceutical International Corporation Bio-Botanica Inc. Arizona Natural Products Naturalife Asia Co. Ltd.
About Us: Verified Market Research Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and littler, more expert concerns.
