Asia-Pacific Herbal Supplements Market was worth USD 15.99 billion in 2018 and estimated to be growing at a CAGR of 8.5%, to reach USD 24.04 billion by 2023. 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 use 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 market.
The Asia-Pacific market for Herbal Supplements is segmented based on Source, Application, Function and Form. Based on Source – Leaves, Barks, Roots, Fruits & Vegetables. Based on Application – Pharmaceuticals, Personal Care, and Food & Beverages. Based on Functions - Medicinal, Aroma. Based on Form - Powder, Syrups, Oils, Capsules & Tablets. Based on Geographical analysis the market is separated into regions of China, India, Japan, South-Korea and Australia. China is leading the market. Presence of market leaders as well increasing individual awareness regarding the health have fuelled the dominance of China in the market. India is expected to grow the fastest due to increasing adoption rate as well as increasing consumer awareness regarding the health issues. Capsules and Tablets held the major share in the market in 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 consumer’s reliability in quality and effectiveness of the herbal medicines.
Some of the key players dominating this market include Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Inc., Blackmores, Nutraceutical International Corporation, NBTY Inc., Arizona Natural Products, Ricola, NaturaLife Asia Co., Ltd., and Bio-Botanica Inc.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Source
5.1.1 Introduction
5.1.2 Leaves
5.1.3 Barks
5.1.4 Roots
5.1.5 Fruits & Vegetables
5.1.6 Others
5.1.7 Y-o-Y Growth Analysis, By Source
5.1.8 Market Attractiveness Analysis, By Source
5.1.9 Market Share Analysis, By Source
5.2 Application
5.2.1 Introduction
5.2.2 Pharmaceuticals
5.2.3 Personal Care
5.2.4 Food & Beverage
5.2.5 Other Applications
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
5.3 Function
5.3.1 Introduction
5.3.2 Medicinal
5.3.3 Aroma
5.3.4 Other Functions
5.3.5 Y-o-Y Growth Analysis, By Function
5.3.6 Market Attractiveness Analysis, By Function
5.3.7 Market Share Analysis, By Function
5.4 Form
5.4.1 Introduction
5.4.2 Powder
5.4.3 Syrups
5.4.4 Oils
5.4.5 Capsules & Tablets
5.4.6 Other Forms
5.4.7 Y-o-Y Growth Analysis, By Form
5.4.8 Market Attractiveness Analysis, By Form
5.4.9 Market Share Analysis, By Form
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Source
6.1.3.3 By Application
6.1.3.4 By Function
6.1.3.5 By Form
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Source
6.1.4.3 By Application
6.1.4.4 By Function
6.1.4.5 By Form
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Source
6.1.5.3 By Application
6.1.5.4 By Function
6.1.5.5 By Form
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Archer Daniels Midland Company
8.1.1 Overview
8.1.2 Source Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Glanbia plc
8.3 Herbalife International of America, Inc.
8.4 Blackmores
8.5 Nutraceutical International Corporation
8.6 NBTY Inc.
8.7 Arizona Natural Products
8.8 Ricola
8.9 NaturaLife Asia Co., Ltd.
8.10 Bio-Botanica Inc.
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
