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US Herbal Supplements Market Revenue is estimated to reach USD 14.69 Billion by 2025

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simone singh
US Herbal Supplements Market Revenue is estimated to reach USD 14.69 Billion by 2025

In the past years 2017, US herbal supplements market size was registered at USD USD 8.03 Billion. It is augmented to increase and reach the market up to USD 14.69 Billion with a CAGR of 7.9 % in terms of revenue in the coming years. Several advantages of health related to the consumption of herbal supplements are developing their importance and US herbal supplements market is anticipated to increase in the coming future. Increase in the significance of the herbal supplements in health food leads to the rise of the direct sales of the herbal products. Several health-conscious people are choosing the herbal supplements nutrition is growing.

Several herbal supplements related to the pain, inflammation and mood swings are getting popular, introducing herbal supplements like Cannabidiol (CBD) is propelled to increase the US herbal supplement market growth. Traditional herbs like ginseng, garlic, gingko biloba and Echinacea are controlling the US herbal supplements industry on the basis of their better properties.

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Key factors that are participating in the growth of the US herbal supplements industry are increasing the focus towards the increase in spending on wellness and health, awareness for preventive healthcare and natural products. Increase in the elderly population related to the increase in the occurrences of the chronic conditions is boosting the demand for US herbal supplements market growth in the coming future.

Growth in the expenditure on wellness and health and increasing level of disposable income, especially in the developing regions are estimated to propel the demand for US herbal supplements market growth. Herbal supplements are maintaining the levels of cholesterol, reducing stress and regulating the digestive system. Therefore, increase in the awareness for the advantages of health provided by herbal products is anticipated to drive the development of US herbal supplements market. 

US herbal supplements market is segmented into the application, channel and type. In considering the application, the market is divided into personal care, pharmaceutical, and food & beverage. On the basis of the channel, the market is divided into direct sales, natural & health food and mass market. Based on the type, the market is divided into chamomile, soy, ginger, peppermint, St. John’s Wort, garlic, gingko biloba, ginseng and Echinacea.

Key players involved in the US herbal supplements market analysis are Vitakem Nutraceutical, Arizona Natural Products, ABH Pharma, Sunfood Nutraceuticals, Herb Pharm and more. 

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Key segments of the US herbal supplements market

Type Overview, 2015-2025 (USD Billion)

  • Echinacea
  • Ginseng
  • Gingko biloba
  • Garlic
  • John's wort
  • Peppermint
  • Ginger
  • Soy
  • Chamomile
  • Others

Channel Overview, 2015-2025 (USD Billion)

  • Mass Market
  • Natural & Health Food
  • Direct Sales

Application Overview, 2015-2025 (USD Billion)

  • Food & beverage
  • Pharmaceutical
  • Personal care

 

About Adroit Market Research:

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Information:

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3131 McKinney Ave Ste 600, Dallas, 

TX75204, U.S.A.

Phone No.: USA:  +1 (214) 884-6068 / +91 9665341414

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