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Herbal Nutraceuticals Market Share

Report ID: GMI6120
Published Date: Jun 2023
Report Format: PDF

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Herbal Nutraceuticals Market Share

Major companies operating in the herbal nutraceutical market include

The Himalaya Drug Company
Amway Corporation
Nutraceutical International Corporation
Bio Botanica, Inc.
Oregon's Wild Harvest
Pure Encapsulations, LLC
Nature's Bounty
Sidled India Pvt Ltd
Herbochem
Gaia Herbs Farm
NOW Foods
Nutramarks, Inc.

These companies majorly adopt various strategies including collaborations, acquisitions, mergers, new product launches, and partnerships to create a global footprint and sustain market competition.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of herbal nutraceuticals accounted for USD 55 billion in 2022 and will be valued at USD 105 billion by 2032, attributed to the increasing preference among consumers for natural and plant-based products.

The dietary supplement segment held a market share of 58% in 2022, as the products contain a wide array of vitamins, minerals, and antioxidants that help boost the immune system, promote vitality, and improve energy levels.

U.S. market will record a strong CAGR through 2032, backed by rising awareness regarding health and wellness in the region.

The Himalaya Drug Company, Amway Corporation, Nutraceutical International Corporation, Bio Botanica, Inc., Oregon's Wild Harvest, Pure Encapsulations, LLC, Nature's Bounty.