The North America Herbal Nutraceuticals Market would witness market growth of 8.3% CAGR during the forecast period (2020-2026). The herbal nutraceuticals are derived from natural sources and contains no added chemicals or toxins. The products are extremely effective, safe, and are more tolerable as compared to any conventional products which are available in the market. Some of the best examples of herbal nutraceuticals that are available in the market are green tea, garlic, aloe Vera, turmeric, and ginger.
The swift increase in the aging population, emphasis on healthy living, growth in the consumption of health supplements, and rising trends towards defensive healthcare drives the market. Some other factors are increasing demand for dietary or nutritional supplements and the side effects from few allopathic drugs would also contributing to the growth of the market. However, the severity in regulatory policies for all these herbal supplements as well as low acceptance of products, limits the growth or expansion of the market. Nevertheless, the preface of current good manufacturing practices (CGMP) regulations by the U.S. FDA creates opportunities for the market people to do research on it and develop some novel nutritional supplements.
According to the reports of NCBI, approximately 19 million pregnant women will be affected by vitamin A deficiency. Advancements in healthcare sectors, rising concerns related to some nutritional insufficiency, and the mounting investment in the field of research are likely to boost the herbal supplements market in the forecast period. However, strict regulations by governments at the production level, product approval, and lack of consciousness regarding dosage will definitely hamper the expansion of the herbal supplements market.
Based on Nature, the market is segmented into Conventional and Organic. Based on Product Type, the market is segmented into Ginger, Turmeric, Green Tea, Garlic, and Aloe Vera. Based on Distribution Channel, the market is segmented into Pharmacy, Supermarket/ Hypermarket, Online Stores and Other Channels. Based on Form, the market is segmented into Capsules & Tablets, Liquid, Powder, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Herbal Nutraceuticals Market in North America is expected to register a CAGR of 8.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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