Adroit Market Research published a report on the, “US Herbal Supplements Market Size 2017 By Type (Echinacea, Ginseng, Gingko Biloba, Garlic, St. John’s Wort, Peppermint, Ginger, Soy, Chamomile, Others), By Channel (Mass Market, Natural & Healthcare, Direct Sales), By Application (Food & Beverage, Pharmaceutical, Personal care) and Forecast 2018 to 2025”.
The US herbal supplements market size was USD 8.03 billion in 2017. Various health benefits associated with the consumption of herbal supplements is increasing its commercial importance and hence the market is projected to grow optimistically over the forecast period.
The study covers the US herbal supplements market value for a period ranging between 2015 and 2025. The US herbal supplement market report also includes the current and future driving and restraining factors along with its impact in shaping the market. The report talks in detail about the US herbal market.
By 2025, the US herbal supplements market revenue is estimated to reach USD 14.69 billion by 2025 driven by the increasing demand for the product as a natural source of nutrition. Rising consumer demand for supplements across the world due to its contribution towards general well-being is expected to augment the demand for herbal supplements over the forecast period.
Dietary supplements are products that contain minerals, vitamins, and herbs that are intended for direct consumption. These are usually available in the form of tablets, powders, capsules, gels, and liquids and labeled as dietary supplements. A paradigm shift towards natural therapies has increased the consumption of herbal supplements in the US over the past few years.
Request for Sample Report @ https://www.adroitmarketresearch.com/contacts/request-sample/675
The US herbal market is growing steadily with the demand for herb and botanical products rising among young and adult population. The high cost of medical treatment and an inactive lifestyle is the primary factor that is driving the growth of the US herbal supplements market.
Side-effects associated with natural herbs is restraining the growth of the US herbal supplements market. For instance, Echinacea which is known to be an effective remedy for cold can cause diarrhea, skin rashes, increased asthma, and upset stomach. Garlic, a long known herb to treat a cough and cold is likely to cause breath and body malodor, heartburn or acidity, and sometimes allergic reactions.
Escalating prices of medicine and expensive health budget of new medicinal systems are driving the US population to shift towards the traditional and economical way of diet control, i.e., herbal supplements. Moreover, authorized bodies are implementing regulations to increase reliance on herbal supplements being sold in the US to maintain a positive perception of products.
Echinacea, ginseng, gingko biloba, garlic, and St. John’s wort altogether accounted for a market revenue share exceeding 70% in 2017 and is projected to maintain its dominance over the forecast period. Introduction of new herbal supplements is likely to hamper the growth of these herbs. However, benefits associated with new herbs is projected to boost the U.S. herbal supplements market over the projected period.
Past studies on the medication patterns of the U.S. population has shown that nearly 50% of the Americans routinely have taken more than one vitamin supplement, 14% of the population consumed herbs or supplements once, and nearly 16% of the population have regularly used herbal supplements, such as echinacea, ginseng, and amino acids among others.
Studies have found that Americans with more education about herbal supplements are likely to be regular users as compared to Americans with less awareness about herbal supplements. Furthermore, it was also found that uninsured Americans tend to use more dietary supplements as compared to Americans that hold active health insurance.
Mislabeling of products, scandals, and product recall of high profile brands is the major concern hampering the purchase behavior of herbal supplements in the US The regulations associated with the sale of herbal supplements are less stringent as compared to the regulations associated with the administration of food and drug. However, regulations are getting rigorous as per FDA guidelines to provide high-quality herbal supplement products, leading to high cost and high barriers to entry for new market players.
Key segments of the US herbal supplements market
Type Overview, 2015-2025 (USD Billion)EchinaceaGinsengGingko bilobaGarlicSt. John’s wortPeppermintGingerSoyChamomileOthers
Channel Overview, 2015-2025 (USD Billion)Mass MarketNatural & Health FoodDirect Sales
Application Overview, 2015-2025 (USD Billion)Food & beveragePharmaceuticalPersonal care
Make an Enquire before Buying This Report @ https://www.adroitmarketresearch.com/researchreport/purchase/675
Table of Contents – Some Major Points
1. Executive Summary
2. Research MethodologyResearch approachScope, definition, and assumptionsData sources
3. Market OutlookIntroductionKey trendsMarket driversMarket restraintsMarket opportunitiesValue chain analysisRegulatory framework
4. U.S. Herbal Supplements Market Overview, By TypeU.S. herbal supplements market share, by type, 2017 & 2025EchinaceaMarket size and projections, 2015-2025GinsengMarket size and projections, 2015-2025Gingko bilobaMarket size and projections, 2015-2025St. John’s wortMarket size and projections, 2015-2025PeppermintMarket size and projections, 2015-2025GingerMarket size and projections, 2015-2025SoyMarket size and projections, 2015-2025OthersMarket size and projections, 2015-2025
5. U.S. Herbal Supplements Market Overview, By ChannelU.S. herbal supplements market share, by channel, 2017 & 2023Mass MarketMarket size and projections, 2015-2025Natural & Health FoodMarket size and projections, 2015-2025Direct SalesMarket size and projections, 2015-2025
6. U.S. Herbal Supplements Market Overview, By ApplicationU.S. herbal supplements market share, by application, 2017 & 2025Food & beverageMarket size and projections, 2015-2025PharmaceuticalMarket size and projections, 2015-2025Personal careMarket size and projections, 2015-2025
7. Industry StructureCompetitive landscape analysis, 2017Strategic framework
8. Company ProfilesABH PharmaCompany overviewProduct portfolioFinancial performanceRecent initiativesVitakem Nutraceutical Inc
……Continued
Who should you buy this report?
The U.S. herbal supplements market study meets the needs for various parties including government and non-government associations, consultants , analysts, researchers and academiciansThe report is also suitable for companies that are currently operating in the market as well as those looking to integrate their operations from herb production or downstream herbal productsMoreover, the study can also help new entrants take informed decisions about venturing into the market.
About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
Media ContactCompany Name: Adroit Market ResearchContact Person: Ryan JohnsonEmail: Send EmailPhone: +1 (214) 884-6068Address:3131 McKinney Ave Ste 600 City: DallasState: TexasCountry: United StatesWebsite: https://www.adroitmarketresearch.com/industry-reports/us-herbal-supplements-market
