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Herbal Supplements Market worth 86.74 Billion USD by 2022

Thursday, December 1, 2016 Research News J E 4
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PUNE, India, December 1, 2016 /PRNewswire/ --

The report "Herbal Supplements Market by Source (Leaves, Barks, Fruits & Vegetables, and Roots), Application (Pharmaceuticals, Food & Beverage, and Personal Care), Function (Medicinal and Aroma), Form, and Region - Global Forecast to 2022", published by MarketsandMarkets, the market is projected to reach a value of USD 86.74 Billion by 2022 at a CAGR of 6.8%.

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Browse 75 market data Tables and 46 Figures spread through 140 Pages and in-depth TOC on "Herbal Supplements Market"

http://www.marketsandmarkets.com/Market-Reports/herbal-supplements-market-736.html

Early buyers will receive 10% customization on this report. 

The market is driven by factors such as demand for dietary supplements by women and young demography, and the consumer awareness for preventive healthcare measures. The high growth potential in the emerging markets and untapped regions provides new growth opportunities for market players.

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The pharmaceuticals industry is the fastest-growing segment in the Herbal Supplements Market by application during the forecast period 2016-2022 

Herbal supplements find major applications in the pharmaceutical industry especially in the developed regions, This is due to the consumer's reliability in the quality and effectiveness of herbal medicines. This has encouraged pharmaceutical manufacturers to acquire small nutraceutical companies, which has led to the growth of the Herbal Supplements Market.

The function of providing medicinal properties has the largest market in the herbal supplements industry 

Herbal supplements consist of natural plant ingredients that have medicinal properties. This demand is observed in both developed and developing regions of the world for healthcare purposes. It can be attributed to the efficacy, safety, and minimal to no side effects of herbal ingredients. Herbal supplements are also used for therapeutic practices such as the treatment of osteoporosis and certain immune disorders.

Significant growth for herbal supplements is observed in the Asia-Pacific region 

Cultural affinity for herbalism in countries such as India and China has resulted in the Asia-Pacific region to be the fastest growing region for Herbal Supplements Market. The region is one of the major markets for the supply of herbal raw materials, which is one of the major factors driving the production of herbal supplements in the region. These supplements are also traded with developed regions, such as North America. For instance, China is one of the largest suppliers of herbal supplements to the U.S. and European markets.

The Herbal Supplements Market report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as Archer Daniels Midland Company (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores (Australia), and Nutraceutical International Corporation (U.S.).

Browse related reports: 

Liquid Feed Supplements Market by Type (Protein, Minerals, Vitamins, and Others), Source (Molasses, Corn, Urea, and Others), Livestock (Ruminants, Poultry, Swine, Aquaculture, and Others), and by Region - Global Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/liquid-feed-supplements-market-178353765.html

Nutraceutical Ingredients Market by Type (Pre & Probiotic, Protein, Mineral, Vitamin, Carotenoid, Fiber, Phytochemical), Application (Food, Dietary Supplement, Animal Nutrition, Personal Care), Health Benefits & by Region - Global Trends & Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/nutraceutical-ingredient-market-1319.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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SOURCE MarketsandMarkets

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