Global Herbal Supplement Market Insights10.pdf

The Global Herbal Supplements market is experiencing robust growth. Valued at $5.26 billion in 2023, it is projected to reach $8.01 billion by 2030, exhibiting a CAGR of 6.2%.

1. GLOBAL HERBAL
SUPPLEMENT
MARKET

2. HERBAL SUPPLEMENTS AND THEIR USES
Immune Support Stress and Anxiety Relief Digestive Health
Herbal supplements like Ginger and
Peppermint are widely used to support
digestive health. Ginger is known for
its ability to reduce nausea and
enhance overall digestive function,
while Peppermint is often utilized for
its soothing effects on the
gastrointestinal tract.
Herbal supplements, such as
Echinacea, are commonly utilized to
bolster the immune system. They are
believed to help enhance the body's
natural defenses, potentially aiding in
the prevention of common illnesses
like colds and flu.
Adaptogenic herbs, such as
Ashwagandha, are frequently used
to alleviate stress and anxiety.
These supplements may help the
body cope with stress by reducing
cortisol levels and promoting a
sense of calm and relaxation.
Cardiovascular Health Joint and Muscle Pain Relief
Herbal supplements, such as Garlic,
are commonly used to promote
cardiovascular health. They are
known for their potential to lower
cholesterol levels, improve
circulation, and reduce the risk of
cardiovascular diseases.
Herbal supplements like Turmeric,
especially its active compound
curcumin, are frequently used for their
anti-inflammatory properties. These
supplements can help alleviate pain and
reduce inflammation in conditions such
as arthritis and muscle soreness.

3. The Global Herbal Supplement
Market Analysis in 2023 was
sized at $5.26 Bn and is
expected to grow significantly,
reaching $8.01 Bn by 2030, with
a projected CAGR of 6.2%
throughout the forecast period
MARKET SIZE
& FORECAST
CAGR 6.2%
5.26
5.59
5.93
6.30
6.69
7.11
7.55
8.01
Global Herbal Supplement Market
2023 - 2030 (In $ Bn)
2024F2023 2025F 2026F 2027F 2028F 2029F 2030F

4. In China, traditional
herbal medicines
account for 30-50%
of total drug
consumption
In Canada, 70-90% of
the population have
used herbal
medicines at least
once
In France and
Germany, 70% of
medical doctors
regularly prescribe
herbal medicine
In the United States,
approximately 158
million adults use
herbal medicines,
with usage steadily
increasing
GLOBAL SCENARIO OF HERBAL SUPPLEMENT
U.S. leads in the herbal medicine market, followed by Europe, Australia, and Canada
WHO reports that 75-80% of the global population relies on herbal medicines for primary health care
Globally, 80% of the population uses herbs, with the rate reaching up to 95% in developing countries
In Europe and North America, over 50% of the population have used herbal medicine at least once

5. DRIVERS AND RESTRAINTS
Growing Geriatric Population: increasing number
of elderly individuals is leading to a higher
demand for health supplements as they seek to
maintain their health and manage age-related
issues
Rising Chronic Diseases: prevalence of chronic
diseases such as obesity and diabetes is
prompting more people to turn to herbal
supplements for natural and complementary
treatment options
Enhanced Consumer Awareness: greater
awareness among consumers about health and
wellness is driving the interest in preventive
care and natural remedies, leading to a growing
market for herbal supplements
Lack of Regulation and Standardization:
absence of strict regulations and
standardization in the herbal supplement
industry leads to variations in product
quality and safety, making it difficult for
consumers to trust and consistently use
these products
Affordable Synthetic Substitutes:
availability of cheaper synthetic
alternatives poses a significant challenge
to the growth of herbal supplement market
segments, as consumers may opt for these
more cost-effective options over natural
supplements
MARKET DRIVERS
MARKET RESTRAINTS

6. KEY PLAYERS