Published Date: 7-Jan-2021
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According to a new report Global Herbal Nutraceuticals Market, published by KBV research, The Global Herbal Nutraceuticals Market size is expected to reach $64.3 billion by 2026, rising at a market growth of 11.4% CAGR during the forecast period.
The customers prefer capsules over tablets due to ease of swallowing and also lesser irritation to the GI tract. Furthermore, herbal supplements may also contain root powder or extracts, actual leaves which can be easily filled in capsules. So, capsules are the most preferred formulation, as of 2019. The Liquid market is experiencing a CAGR of 10.6% during (2020 - 2026). The Powder market is estimated to grow at a CAGR of 12.3% during the forecast period.
The Conventional market dominated the Global Herbal Nutraceuticals Market by Nature 2019, growing at a CAGR of 10.4 % during the forecast period. The Organic market is estimated to grow at a CAGR of 13.7% during (2020 - 2026).
The Asia Pacific is likely to grow as the fast-growing herbal supplements market in the coming years due to the rapid increase in healthcare expenditure, increasing awareness about the nutritional supplement, growing geriatric population with some chronic deceased, and availability of efficient herbal treatment in these emerging countries, such as China and India. The Asia Pacific has also led innovation in ayurvedic treatments by developing and providing transformational treatments that extend and enhance lives. The European market is likely to show a lucrative growth. The main factors behind its growth include acceptance of natural products in countries, such as France and Germany. The rising consumer health market in this region is also contributing to industry growth.
Structural Insights: https://www.kbvresearch.com/herbal-nutraceuticals-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A. (Pure Encapsulations, LLC), NOW Foods, Inc., The Nature’s Bounty Co. (The Carlyle Group L.P.), Gaia Herbs, Inc., Oregon's Wild Harvest, Bio-Botanica, Inc., Solaray, Inc., Herbochem and Herb Pharma AG.
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