North America 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 - North America Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

North America 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 - North America Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)

ID: 7310 | Pages: 145 | April 2018 | Region: North America


North America Herbal Supplements Market was worth USD 17.34 billion in 2016 and estimated to be growing at a CAGR of 6.1%, to reach USD 23.31 billion by 2023. Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health.

History suggests that plants have been used for medical treatment for many centuries and such traditional medicine is still in practice today. Herbalism is recognized as a form of alternative medicine by modern medicine as practice of herbalism is not strictly based on evidence gathered using the scientific method. Modern medicine makes use of many plant-derived compounds as the basis for evidence-based pharmaceutical drugs.

The primary factors accounted for the growth of market are growing demand for functional food, increasingly sedentary lifestyle, increasing awareness regarding diet and healthcare as well as increasing healthcare expenditure and growing mental and health disorders. Conversely, high cost of raw materials stringent regulations and some side effects caused by herbal supplements are obstructing the growth of market.

The North America 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 United States of America and Canada. USA is leading the market. Presence of market leaders as well increasing individual awareness regarding the health have fuelled the dominance of USA in the market. USA is also expected to grow the fastest. 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 United States                            

                6.3 Canada                         

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                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms By By Application with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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  1. North America Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  2. North America Leaves Market By Region, From 2018-2023( USD Billion )
  3. North America Barks Market By Region, From 2018-2023( USD Billion )
  4. North America Roots Market By Region, From 2018-2023( USD Billion )
  5. North America Fruits & Vegetables Market By Region, From 2018-2023( USD Billion )
  6. North America Others Market By Region, From 2018-2023( USD Billion )
  7. North America Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  8. North America Pharmaceuticals Market By Region, From 2018-2023( USD Billion )
  9. North America Personal Care Market By Region, From 2018-2023( USD Billion )
  10. North America Food & Beverages Market By Region, From 2018-2023( USD Billion )
  11. North America Other Applications Market By Region, From 2018-2023( USD Billion )
  12. North America Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  13. North America Medicinal Market By Region, From 2018-2023( USD Billion )
  14. North America Aroma Market By Region, From 2018-2023( USD Billion )
  15. North America Other Functions Market By Region, From 2018-2023( USD Billion )
  16. North America Herbal Supplements Market By Form, From 2018-2023( USD Billion )
  17. North America Powder Market By Region, From 2018-2023( USD Billion )
  18. North America Syrups Market By Region, From 2018-2023( USD Billion )
  19. North America Oils Market By Region, From 2018-2023( USD Billion )
  20. North America Capsules & Tablets Market By Region, From 2018-2023( USD Billion )
  21. North America Other Forms Market By Region, From 2018-2023( USD Billion )
  22. United States Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  23. United States Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  24. United States Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  25. United States Herbal Supplements Market By Form, From 2018-2023( USD Billion )
  26. Canada Herbal Supplements Market By Source, From 2018-2023( USD Billion )
  27. Canada Herbal Supplements Market By Application, From 2018-2023( USD Billion )
  28. Canada Herbal Supplements Market By Function, From 2018-2023( USD Billion )
  29. Canada Herbal Supplements Market By Form, From 2018-2023( USD Billion )
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