Herbal Supplements Market Growing at 6.29% CAGR to 2020 Driven by Europe
PUNE, India, July 29, 2016 /PRNewswire/ --
The global herbal supplements market analysts say a trend spurring growth is the increasing demand for dietary supplements among women and use of herbal supplements increasing among adults. Use of dietary supplements is higher among women than men and increases with age and education. In the US, for instance, 71% of women, in comparison with 61% of men, take dietary supplements. High use among women is attributed to high requirement of calcium and iron in women.
Complete report on herbal supplements market spread across 68 pages, analyzing 5 major companies and providing 33 data exhibits now available at http://www.sandlerresearch.org/global-herbal-supplements-market-2016-2020.html.
The analysts forecast global herbal supplements market to grow at a CAGR of 6.29% during the period 2016-2020. According to the 2016 herbal supplements market report, one driver facilitating growth is the growing awareness about benefits of dietary supplements. Functional foods are fortified with ingredients required to improve health. Increasing work pressure and busy schedule has led to unhealthy eating habits such as fast food and meals-on-the-go, which does not always fulfill the nutritional requirement. To fill the gap in nutritional requirements consumers are opting for functional foods such as supplements in the form of powder, syrup, or tablets in their daily diet to minimize the chances of developing health complications and remain healthy and fit.
The demand for herbal supplements is stimulated by an increase in healthcare expenses across the globe. Rise in prices of drugs, medical devices, and hospital care are the some of the factors triggering the rise in healthcare cost. In 2015, the global herbal supplements market was dominated by Europe with a market share of around 45%. Growing e-commerce and number of retail stores coupled with a rise in the older population is expected to boost growth in the herbal supplements market in Europe during the forecast period.
During 2015, the retail store segment dominated the global herbal supplements market by accounting for a market share of more than 52% in terms of revenue. Retail stores include hypermarkets, supermarkets, grocery stores, drugstores, natural, and health food stores. The majority of the demand in the retail segment comes from grocery stores and drugstores. Continuous innovation in these channels, experiential customer service with information based models, and the availability of a variety of products are factors that will drive growth in this segment in the coming years.
The following companies are the key players in the global herbal supplements market: Gaia Herbs, Herb Pharm, Nature's Bounty, Nutraceutical, and Rainbow Light Nutritional Systems. Other prominent vendors in the market are: Arizona natural products, Arkhopharma, Bio-Botanica, Blackmores, i-Health, Megafood, New Chapter, Pharma Nord APS, Pharmavite, Ricola USA, Solgar, and Sundown Nutrition. Order a copy of Global Herbal Supplements Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=56759.
Global Herbal Supplements Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global herbal supplements market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of herbal supplements.
Another related report is Global Prenatal Vitamin Supplements Market 2016-2020: a key growth driver is the increased awareness of having a proper diet. Proper diet is important right from the time of conception. Nutrition can impact whether certain genes are activated in early embryonic development or not. More specifically, deficiency of several B vitamins and nutrients associated with them is correlated with lower levels of methylation in a set of six genes. Browse complete report @ http://www.sandlerresearch.org/global-prenatal-vitamin-supplements-market-2016-2020.html.
Explore other new reports on Pharmaceutical Market @ http://www.sandlerresearch.org/market-research/pharmaceutical.
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