The Europe Herbal Nutraceuticals Market is worth $ xx million in 2021 and is expected to grow to $ xx million by the end of 2026 with a compound annual rate of xx% between 2021 and 2026.
Herbal nutraceuticals are sourced from natural sources with no added chemicals or toxins. These products are more effective, safer and more tolerable than the conventional products available on the market. Helps maintain health and promotes optimal longevity, health and quality of life against nutrition-induced acute and chronic diseases. The Herbal Nutraceuticals market analysis is carried out on the basis of regions, key players, and segments. Herbal Nutraceuticals are products derived naturally from plants and / or their oils, seeds, berries, roots, or flowers. There are millions of species of medicinal herbs in this area. Herbal Nutraceuticals are processed naturally without the use of chemical or synthetic ingredients. Herbal Nutraceuticals have thousands of health benefits depending on the species. Plants and herbal extracts have been used medicinally for thousands of years. In recent years, as consumers move to natural and organic products, the demand for herbal ingredients is increasing rapidly around the world. Herbal Nutraceuticals are widely used in aromatherapy as they help maintain cholesterol levels, distort the system, and reduce stress.
The growing elderly population with the rise in chronic diseases is driving the demand for Herbal Nutraceuticals around the Europe.
The aging population and customer perception of herbal medicine is an important aspect of increasing the market revenue of Herbal Nutraceuticals, and the latest technological advances in the field of medicine will drive the growth of the Europe Herbal Nutraceuticals market. Some of the key factors contributing to the growth of the Europe Herbal Nutraceuticals market are an increased propensity for natural products, awareness of preventive care, and increased spending on health and wellness. Among consumers, the preference for health and wellness products over luxury products is increasing. Herbal Nutraceuticals help regulate the digestive system, cholesterol levels, and reduce stress. Therefore, increased awareness of the health benefits these products provide is also expected to drive the Europe Herbal Nutraceuticals market development. There is no scientific evidence to support these benefits, but demand for products continues to increase, driving Europe Herbal Nutraceuticals market growth. In addition, the easy availability of these products is contributing to higher demand. When it comes to purchasing these products, the preference for e-commerce platforms over traditional distribution channels is increasing due to their profitability and greater convenience. Increased pollution, climate change and changes in eating habits are greatly affecting human health. Additionally, increasing urbanization, busy lifestyles, and overwork lead to depression, anxiety, unhealthy weight gain, and other problems. Therefore, consumers' preference for natural ingredients is increasing. Consumers look for ingredients used in their products when they buy products like dietary supplements, food and beverages, or other products. These factors are driving the growth of the Europe Herbal Nutraceuticals market. Additionally, a growing vegetarian population is another potential growth factor for the Europe Herbal Nutraceuticals market. In recent years, the number of manufacturers of herbal medicines, cosmetics and personal care products is increasing around the region. The demand for Herbal Nutraceuticals and ingredients is expected to increase significantly in the near future. Europe Herbal Nutraceuticals market growth is accelerating as the need for supplements to promote preventive health measures and increase per capita disposable income in emerging economies around the region accelerates. Herbal Nutraceuticals help maintain regulate the digestive system, cholesterol levels, and reduce stress. These benefits are widely touted by market participants, which in turn is driving Herbal Nutraceuticals sales around the Europe.
Regulatory agencies have considered Herbal Nutraceuticals as non-herbal foods, but as they are tested, there are difficult aspects related to manufacture and content. Growing consumer awareness makes it difficult for providers in the Europe Herbal Nutraceuticals market to maintain a customer base. This is because consumers are cautious about the authenticity of the product, as it can cause side effects. This is shrinking the market for Europe Herbal Nutraceuticals.
Market Segmentation Analysis:
By product type, the Europe Herbal Nutraceuticals market is segmented into ginger, garlic, green tea, turmeric, aloe vera, and others. The turmeric supplement segment is expected to post the fastest CAGR in the forecast period. The increasing importance of turmeric for therapeutic measures, along with extensive clinical studies showing the effectiveness of turmeric supplements, supplemented the growth of the segment.
Depending on the form, the Europe Herbal Nutraceuticals market is segmented into Liquid, Capsules and Tablets, Powder and others. The capsule and tablet segment dominated the market. That factor can be attributed to ease of consumption, consumer preference for capsules and tablets due to the high growth of the pharmaceutical industry, Herbal Nutraceuticals can also contain real leaves, root powders or extracts that can be conveniently filled in capsules. This is boosting the capsule and tablet industry.
Based on the sales channels, the Europe Herbal Nutraceuticals market is segmented into pharmacy, supermarket/hypermarket, online store and others. The supermarket / hypermarket market dominated the Europe Herbal Nutraceuticals market by distribution channel in 2021.
Impact of COVID 19 on the Europe Herbal Nutraceuticals Market:
The COVID-19 pandemic has had a positive impact on the Europe Herbal Nutraceuticals market. This is due to the fact that consumers around the region are now looking for Herbal Nutraceuticals with the belief that these Herbal Nutraceuticals can boost the immune system and fight novel coronavirus disease. This, in turn, increases the Europe demand for herbal nutraceuticals, which has a positive impact on the growth of the Europe Herbal Nutraceuticals market. Herbal Nutraceuticals have had a high consumer preference for herbal products during the COVID-19 outbreak because they have few or no health side effects. Also, sales of Herbal Nutraceuticals are not expected to have a significant impact during the lockdown due to increased sales of products that are beneficial to health.
The Europe Herbal Nutraceuticals market is expected to register a profitable CAGR of 8.2%. The important growth factor in the Germany and France region includes increased in the consumption and the adoption of natural products in the countries. The region's growing consumer healthcare market is also contributing to the expansion of the Herbal Nutraceuticals industry. Increased health awareness and the increasing purchasing power of consumers are expected to drive the growth of the Herbal Nutraceuticals market in the Spanish and UK region. Consumption of these nutraceuticals to improve health, increase lifestyle-related diseases such as osteoporosis, promote well-known medical infrastructure and technology, and increase R&D from major local players. These are several factors that are expected to accelerate the growth of the market in the Germany region.
Top Leading Company:
Major players in the Europe Herbal Nutraceuticals market include Glanbia Plc, Gaia Herbs, Naturalife Asia Co. Hay Ltd., DSM Nutritional Products AG, Nutraceutical International Corporation, Twinlab Corporation, The Himalaya Drug Company, The Archer Daniels Midland Company, Herb Pharm, LLC., Arizona Natural Products, Blackmores Ltd., Nature's Bounty Co., Herbalife International of America, Inc., Rainbow Light Nutritional Systems, Inc., Dr. Willmar Schwabe GmbH & Co. KG, Ricola AG and Bio-Botanica Inc.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Herbal Nutraceuticals Market, By Product Type
6.1.3 Aloe Vera
6.1.4 Green Tea
6.1.7 Market Size Estimations & Forecasts (2021-2026)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Herbal Nutraceuticals Market, By Form
6.2.3 Capsules & Tablets
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
6.3 Herbal Nutraceuticals Market, By Sales Channel
6.3.1 Online Store
6.3.5 Market Size Estimations & Forecasts (2021-2026)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2 Europe - Market Analysis (2021 - 2026)
7.2.1 By Country
18.104.22.168 Rest of Europe
7.2.2 By Product Type
7.2.3 By Form
7.2.4 By Sales Channel
8. Key Player Analysis
8.1 The Archer Daniels Midland Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Arizona Natural Products
8.3 Blackmores Ltd
8.4 Twinlab Corporation
8.5 Herb Pharm, LLC
8.6 The Himalaya Drug Company
8.7 Glanbia, Plc
8.8 Gaia Herbs
8.9 Herbalife International of America, Inc
8.10 Naturalife Asia Co., Ltd
8.11 DSM Nutritional Products AG
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures