Herbal Supplements in US Market is perceived to sustain high investment returns in the projected timeline owing to multiple factors.
Dallas, United States - December 15, 2021 /MarketersMedia/ —
The US herbal supplements market is being boosted by the growing geriatric population and the rising prevalence of chronic conditions around the region. The aging population and increased customer awareness of herbal medicines, as well as the latest technological advancements in medical science, will all contribute to the growth of the US herbal supplements market.
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Regional revenue has been generated through economic development and significant infrastructure development. In addition, the patterns of domestic production, import and export and consumption have aided the US herbal supplements market participants in analyzing and capitalizing on potential opportunities. Furthermore, the qualitative and quantitative parameters included in the report, along with detailed analysis, highlight the market's driving and restraining factors in the United States.
Herbal supplements are used as therapeutic solutions and are sourced from various plant sources and hence their alternative name, botanicals. Herbal supplements are made up of an active ingredient extracted from the herbs. These supplements are believed to improve immunity besides rendering other health benefits. The most common forms in which they are available comprise powder, capsules, tablets, and liquids. They're mostly used for their medicinal properties, which can be used to treat a variety of ailments. These favorable triggers are anticipated to favorably steer the US herbal supplements market growth in the projection timeline.
There are some constraints and challenges that will limit the overall growth of the US herbal supplements market. Potential restraints to the overall market include factors such as regulatory impact on future growth of the US herbal supplements market and the high cost of raw materials. The lack of manufacturing professionals and equipment are potential barriers for the US herbal supplements market.
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US Herbal Supplements Market Report Scope:
Report Attribute Details
Market size value in 2020 USD 8.03 billion
Revenue forecast in 2025 USD 14.69 billion
Growth Rate CAGR of 7.9% from 2018 to 2025
Base year for estimation 2017
Historical data 2014 – 2016
Forecast period 2018 – 2025
Quantitative units Revenue in USD million and CAGR from 2018 to 2025
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Product Type, Application, Channel, region
For reader convenience and ease of market understanding, application, channel, and type are the three parameters to determine market segmentation in the US herbal supplements market. On considering the type, the market is fragmented into ginseng, enchinacea, garlic, gingko biloba, peppermint, soy, st. johns wort, chamomile, and others. In terms of channel, the market is separated into natural & healthcare, mass market, and direct sales. On considering the application, the US herbal supplements market is segregated into pharmaceuticals, food & beverage, and personal care.
During the forecast period, US region is expected to grow at the fastest rate owing to the consumer confidence in the safety and efficacy of herbal products, new product launches, and the presence of a large geriatric population base, as well as growing herbal product exports.
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Some Major Points from TOC:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 US Herbal Supplements Market Variables, Trends & Scope
Chapter 4 US Herbal Supplements Market: Product Estimates & Trend Analysis
Chapter 5 US Herbal Supplements Market: Formulation Estimates & Trend Analysis
Chapter 6 US Herbal Supplements Market: Consumer Estimates & Trend Analysis
Chapter 7 US Herbal Supplements Market: Regional Estimates & Trend Analysis, by Product, Formulation, & Consumer
Chapter 8 Competitive Landscape
The report answers questions such as:
How big is the herbal supplements market?
What is the herbal supplements market growth?
Which segment accounted for the largest herbal supplements market share?
Who are the key players in herbal supplements market?
What are the factors driving the herbal supplements market?
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