Asia-Pacific Herbal Supplements Market

Asia Pacific Herbal Supplements Market Size and Growth Analysis:

Asia Pacific Herbal Supplements Market was worth USD 15.99 billion in 2022 and is estimated to be growing at a CAGR of 8.5%, to reach USD 24.04 billion by 2027

Asia Pacific Herbal Supplements Market Overview

Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health. Plants have many nutritional as well as medicinal benefits, and they were used in medicinal treatment since time immemorial. The World Health Organization (WHO) estimates that 80 percent of the population of some Asian countries presently uses herbal medicine for some aspect of primary health care. In India, the herbal remedy is so popular that the government of India has created a separate department—AYUSH—under the Ministry of Health & Family Welfare. Major driving forces of the market are increasingly sedentary lifestyle, increasing awareness regarding diet and healthcare as well as increasing healthcare expenditure, growing mental and health disorders, and growing demand for functional food. But, high cost of raw materials stringent regulations and some side effects caused by herbal supplements are restricting the growth of the market.

Asia Pacific Herbal Supplements Market Segmentation

The Asia-Pacific market for Herbal Supplements is segmented based on

• Source

• Application

• Function

• Form

Based on Source –

• Leaves

• Barks

• Roots

• Fruits & Vegetables

Based on Application –

• Pharmaceuticals

• Personal Care

• Food & Beverages

Based on Functions -

• Medicinal

• Aroma

Based on Form -

• Powder

• Syrups

• Oils

• Capsules & Tablets

Asia Pacific Herbal Supplements Market geographical Analysis

• China

• India

• Japan

• South Korea

• Australia

China is leading the market. The presence of market leaders as well as increasing individual awareness regarding health have fuelled the dominance of China in the market. India is expected to grow the fastest due to the increasing adoption rate as well as increasing consumer awareness regarding health issues. Capsules and Tablets held the major share in the market in the Form segment due to their accessibility and ease of administration. Medicinal herbal supplements hold the major share in the market in terms of functions owing to their efficacy, safety, and minimal side effects. Pharmaceutical applications is expected to grow the fastest due to consumers’ reliability in quality and effectiveness of the herbal medicines.

Asia Pacific Herbal Supplements Market Key players:

1. Archer Daniels Midland Company

2. Glanbia plc

3. Herbalife International of America, Inc.

4. Blackmores

5. Nutraceutical International Corporation

6. NBTY Inc.

7. Arizona Natural Products

8. Ricola

9. NaturaLife Asia Co., Ltd.

10. Bio-Botanica Inc