Demand for Herbal Supplements is Increasing as People are Getting Health Conscious, Says Market.us

Herbal supplements can help lower cholesterol, regulate digestion, and reduce stress. The market development will also be fueled by increasing awareness of the health benefits provided by herbal supplements.

The demand for herbal supplements will rise globally due to rising spending on health and well-being and rising disposable income, particularly in emerging countries. Consumers are increasingly choosing to buy health and wellness products over luxury items.

According to Market.us, “The Global herbal supplements market was valued at USD 5.26 Billion in 2017. It is expected to grow at 7.15% CAGR over the forecast period.”

Although there are no scientific studies supporting these benefits, the demand for products is increasing which in turn boosts the global market growth. These products are also more easily available, which is why they are in increasing demand. These products are increasingly being purchased online, with e-commerce platforms preferred over traditional distribution channels due to their cost-effectiveness and ease of use.

Anurag Sharma, a senior research analyst at Market.us, said,” The market’s growth is due to a rising interest in natural products, increased awareness about preventive healthcare, and a rise in spending on healthcare and wellness. Globally, the demand for herbal products is increasing due to the growing number of people who are older and the increased prevalence of chronic diseases.”

This age group is at greater risk for developing lifestyle diseases such as diabetes or obesity. They rely heavily on herbal supplements to manage their disease. These supplements have medicinal properties and are used to prevent disease. This segment will continue to grow because of the growing demand for preventive healthcare.

Consumers are looking for more affordable options, such as herbal and nutritional supplements, due to rising medical costs, sedentary lifestyles, and constrained government budgets. Long-term relief of mental and physical disorders can be achieved with herbal remedies.

Global demand for herbal supplements will rise due to rising disposable income and increased health and wellness spending, especially in emerging countries. Health and wellness products are becoming more popular than luxury goods. Herbal supplements can help maintain cholesterol levels, regulate digestion, and reduce stress. Market growth is expected to be driven by increased awareness about the health benefits of these products.

A growing number of lifestyle disorders like obesity and diabetes and the increasing global aging population have increased the demand for dietary supplements that can help people manage their health risks.

The market for herbal supplements is growing rapidly due to the increasing awareness of consumers about their health. Herbal supplements are safe and have many health benefits. These herbs can be used to treat common ailments and supplement diets. The 2020 International Food Information Council (IFIC) food and health survey found that Americans are keen to be more healthy.

43% of respondents followed a particular eating or diet pattern in 2020, an increase of 38% over 2019. In 2020, 54% of consumers were more concerned about the healthiness of their food and beverages than they were in 2010. The market for herbal supplements is expected to grow in the future due to the growing health consciousness of consumers.

William Reed Business Media Ltd. published data proving the health benefits of Echinacea purpurea in 2012. It revealed that Echinacea could reduce the severity of common colds by 60%, and also can decrease the time it takes to recover. Bioforce followed up on this study in 2015 using an Echinaforce hot beverage product that included elderberry, concentrated Echinacea root extract, and Echinacea herb. This combination was as effective as Tamiflu for early flu treatment.

The global Herbal Supplements market was led by the consumer segment of adults in 2017, accounting for 42.2%. This large revenue share is due to the growing interest in natural supplements, high purchasing power, and increased spending on wellness and health products. This age group also has the highest percentage of herbal product consumers and is responsible for the highest revenue share.