Herbs feature special aroma and essence, and boast various therapeutic properties. They serve as nutritional complements and have useful medicinal benefits for different diseases. Herb plants can be used in the form of teas, capsules and tablets, extracts and powders, and dried or fresh plants. They are also known as fitness and dietary supplements.
Herbs are most widely used by young women for dietary and smart health purposes. The early-adult and post-adult groups choose to use herbal supplements for the purpose of safety and fitness.
Market Segmentation Based on Products
The growing acceptance for herbal supplements has increased the number of consumers preferring herbal supplements as substitute medicines. The public is showing more and more interest in herbal dietary supplements and medicines as healthy and fit options that are also quite efficient.
The modern herbal supplement and remedies market can be divided into segments based on products and regions. For example, Aloe Vera, Garlic, Ginkgo Biloba, Echinacea, Ginseng, Multi-Herbs, Soy, and Specialty Herbs are viewed as different products. Fish oils, herbal supplements, detoxes, and probiotic are considered as options to conformist artificial supplements.
Food supplements sales are on the rise. This is conditioned by the fact that food supplements are considered affordable and anti-medicinal substitutes for a fit lifestyle by more and more consumers. Multi-erbs was among the leaders in the herbal supplements and remedies market. Herbal extracts, multivitamins, probiotics, chondroitin, and omega-3s by Glucosamine are among the top products in the market.
Market Segmentation Based on Regions
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Given regional segmentation, the market is categorized into North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa. Europe is the leading regional market in this regard. It features the highest share in the world market. Asia-Pacific comes next in this concern. As for Soy and Specialty Herbs, they count for high growth in the market.
Here are some of the key players in the herbal supplements and remedies industry: