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Asia Pacific Herbal Supplements Market By Source (Leaves, Barks, Roots, Fruits & Vegetables), By Application (Pharmaceuticals, Personal Care, Food & Beverages), By Function (Medicinal, Aroma), By Form (Powder, Syrups, Oils, Capsules & Tablets) And By Region - Asia-Pacific Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: January, 2022
ID: 7075
Pages: 145

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

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                              

  1. Asia-Pacific Herbal Supplements Market By Source, From 2022 - 2027 ( USD Billion )

  2. Asia-Pacific Leaves Market By Region, From 2022 - 2027 ( USD Billion )

  3. Asia-Pacific Barks Market By Region, From 2022 - 2027 ( USD Billion )

  4. Asia-Pacific Roots Market By Region, From 2022 - 2027 ( USD Billion )

  5. Asia-Pacific Fruits & Vegetables Market By Region, From 2022 - 2027 ( USD Billion )

  6. Asia-Pacific Others Market By Region, From 2022 - 2027 ( USD Billion )

  7. Asia-Pacific Herbal Supplements Market By Application, From 2022 - 2027 ( USD Billion )

  8. Asia-Pacific Pharmaceuticals Market By Region, From 2022 - 2027 ( USD Billion )

  9. Asia-Pacific Personal Care Market By Region, From 2022 - 2027 ( USD Billion )

  10. Asia-Pacific Food & Beverages Market By Region, From 2022 - 2027 ( USD Billion )

  11. Asia-Pacific Other Applications Market By Region, From 2022 - 2027 ( USD Billion )

  12. Asia-Pacific Herbal Supplements Market By Function, From 2022 - 2027 ( USD Billion )

  13. Asia-Pacific Medicinal Market By Region, From 2022 - 2027 ( USD Billion )

  14. Asia-Pacific Aroma Market By Region, From 2022 - 2027 ( USD Billion )

  15. Asia-Pacific Other Functions Market By Region, From 2022 - 2027 ( USD Billion )

  16. Asia-Pacific Herbal Supplements Market By Form, From 2022 - 2027 ( USD Billion )

  17. Asia-Pacific Powder Market By Region, From 2022 - 2027 ( USD Billion )

  18. Asia-Pacific Syrups Market By Region, From 2022 - 2027 ( USD Billion )

  19. Asia-Pacific Oils Market By Region, From 2022 - 2027 ( USD Billion )

  20. Asia-Pacific Capsules & Tablets Market By Region, From 2022 - 2027 ( USD Billion )

  21. Asia-Pacific Other Forms Market By Region, From 2022 - 2027 ( USD Billion )

  22. Japan Herbal Supplements Market By Source, From 2022 - 2027 ( USD Billion )

  23. Japan Herbal Supplements Market By Application, From 2022 - 2027 ( USD Billion )

  24. Japan Herbal Supplements Market By Function, From 2022 - 2027 ( USD Billion )

  25. Japan Herbal Supplements Market By Form, From 2022 - 2027 ( USD Billion )

  26. China Herbal Supplements Market By Source, From 2022 - 2027 ( USD Billion )

  27. China Herbal Supplements Market By Application, From 2022 - 2027 ( USD Billion )

  28. China Herbal Supplements Market By Function, From 2022 - 2027 ( USD Billion )

  29. China Herbal Supplements Market By Form, From 2022 - 2027 ( USD Billion )

  30. India Herbal Supplements Market By Source, From 2022 - 2027 ( USD Billion )

  31. India Herbal Supplements Market By Application, From 2022 - 2027 ( USD Billion )

  32. India Herbal Supplements Market By Function, From 2022 - 2027 ( USD Billion )

  33. India Herbal Supplements Market By Form, From 2022 - 2027 ( USD Billion )

  34. Australia Herbal Supplements Market By Source, From 2022 - 2027 ( USD Billion )

  35. Australia Herbal Supplements Market By Application, From 2022 - 2027 ( USD Billion )

  36. Australia Herbal Supplements Market By Function, From 2022 - 2027 ( USD Billion )

  37. Australia Herbal Supplements Market By Form, From 2022 - 2027 ( USD Billion )

  38. South Korea Herbal Supplements Market By Source, From 2022 - 2027 ( USD Billion )

  39. South Korea Herbal Supplements Market By Application, From 2022 - 2027 ( USD Billion )

  40. South Korea Herbal Supplements Market By Function, From 2022 - 2027 ( USD Billion )

  41. South Korea Herbal Supplements Market By Form, From 2022 - 2027 ( USD Billion )

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