Global U.S. Herbal Supplements Market Share Is Expected to Grow At A CAGR Value Of Around 5.20% By 2030

19-Jun-2020 | Facts and Factors

According to the Facts and Factors report, the global U.S. herbal supplements market size was worth around USD 1,350 million in 2022 and is predicted to grow to around USD 1,925 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.20% between 2023 and 2030

Herbal Supplements Market

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By 2025, the US market for herbal supplements is projected to grow to USD 1,25 million by 2030, due to increasing demand for the product as a natural source of nutrition. The increased demand for supplements by consumers worldwide is projected to increase the demand for herbal supplements as a result of their contribution to general well-being over the supply period.

Nutritional supplements are products that contain direct mineral, vitamin and herbal intake. Typically, they take the form of tablets, powders, capsules, gels, and fluids and are labeled as nutritional supplements. In recent years, the intake of herbal supplements has increased in the United States due to a shift to natural therapies.

Browse the full “U.S. Herbal Supplements Market By Type (Garlic, John’s wort, Peppermint, Ginger, Soy, Chamomile, and Others), and By Application (Food & Beverage, Pharmaceutical, and Personal care): Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2023–2030" https://www.fnfresearch.com/us-herbal-supplements-market-by-type-garlic-johns-1257

The American herbal market is steadily increasing with the demand for herbs and botanicals for young and young adults. The high cost of medical treatment and inactive lifestyle are the main drivers of the growth of the market for herbal supplements in the USA.

As a result of increased public health awareness, US customers prefer to take a smaller portion of nutritional and protein supplements. A lot of people in the US are focusing on weight-reducing diet and exercise. Confidence that the U.S. has the highest obese population in the world, and that it has a tremendous opportunity to market herbal supplements in the U.S. These factors are the main contributors to the growing demand for herbal supplements in the next US market.

Natural herbal side effects reduce the development of herbal supplements on the US market. For example, echinacea, known as effective cold treatment, can cause diarrhea, rashes, and increased bronchitis. Garlic, a herb long known for cough and cold treatment, is likely to cause malodour, heartburn, acidity and allergic reactions.

Rising prices for medicines and costly new budgets for health systems are driving the US population towards a conventional and economic approach to dietary control, i.e. herbal supplements. In order to maintain a positive view of the products, the authorized authorities are also implementing regulations to increase dependence on herbal supplements sold in the United States.

Based on type, ginger dominated the U.S. market in 2019 owing to its wide range of uses combined with its medicinal properties. By Application, Personal care held the leading shares in 2019. The growth of this segment is primarily attributable to the rising awareness amongst the population regarding the health benefits of herbal products.

Report Scope

Report Attribute

Details

Market Size in 2022

USD 1,350 Million

Projected Market Size in 2030

USD 1,925 Million

CAGR Growth Rate

5.20% CAGR

Base Year

2022

Forecast Years

2023-2030

Key Market Players

Arizona Natural Products, Vitakem Nutraceutical Inc., ABH Pharma, Sunfood Nutraceuticals, Gaia Herbs, Herb Pharm, and Others

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the leading players in the global market include

Arizona Natural Products, Vitakem Nutraceutical Inc., ABH Pharma, Sunfood Nutraceuticals, Gaia Herbs, Herb Pharm, and Others.

This report segments the U.S. Herbal Supplements market as follows:

By Type Segmentation Analysis

  • Garlic
  • John’s wort
  • Peppermint
  • Ginger
  • Soy
  • Chamomile
  • Others

By Application Segmentation Analysis

  • Food & beverage
  • Pharmaceutical
  • Personal care

By Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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