Middle East and Africa Herbal Supplements Market was worth USD 5.33 billion in 2022 and estimated to be growing at a CAGR of 6.2%, to reach USD 7.17 billion by 2027
Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health.A dietary supplement is intended to provide the nutrients to increase the quantity of their consumption, or to provide non-nutrient chemicals which are claimed to have a biologically beneficial effect. Similarly ,herbal supplements also employ the use of plant to supplement a diet or use them for medicinal purposes. Plants provide many nutrients as well as have many medicinal benefits. An example of this is use of eucalyptus leaves to manufacture eucalyptus oil through distillation.Increasing awareness regarding diet and healthcare as well as increasing healthcare expenditure, increasingly sedentary lifestyle, growing mental and health disorders and growing demand for functional food are the major factors accountable for the growth of market. Nevertheless, hthe igh cost of raw materials stringent regulations and some side effects caused by herbal supplements are hindering the growth of market.
The Middle East and Africa 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
Middle East and Africa Herbal Supplements Market Regional Analysis
UAE
Israel
KSA
South Africa
Egypt
Based on Geographical analysis the market is separated into regions of the Middle East and Africa. The Middle East is leading the market. The presence of market leaders as well as increasing individual awareness regarding health have fuelled the dominance of the Middle East in the market. 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 consumers’ reliability in quality and effectiveness of herbal medicines.
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.
Bio-Botanica Inc
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