Emphasis on Source (Leaves, Roots, Bark, Seeds, Others), Formulation (Tablets, Capsules, Liquid, Powder & Granules, Others)

By: UnivDatos Market Insights (UMI)

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--is anticipated to reach a market valuation of US$ 110.26 billion by 2026 expanding at a reasonable CAGR of 6.7% in the course of the forecasted period (2020-2026) from US$ 70.42 billion in 2019. Herbal supplements are a type of dietary supplement that contains one or more herbs. These supplements majorly have a strong effect on the body which are consumed in different forms including tea bags, capsules, tablets, liquids and powders. While, common herbal health products and supplements include black cohosh, echinacea, garlic, ginkgo and saw palmetto. Echinacea is consumed to prevent colds; ginkgo is to improve memory while flaxseeds are for reducing cholesterol. Herbal supplements are not a new concept, but plants have been used continuously for medicinal purposes for 1000 years. Herbal supplements are not subjected to the same scientific scrutiny and aren't as strictly regulated as medications. For instance, although manufacturers of herbal supplements must follow good manufacturing practices with an objective to ensure that supplements are processed consistently and meet quality standards, however, they don't have to get approval from the Food and Drug Administration (FDA) before putting their products on the market.Increasing the adoption of herbal products by the aging population and increasing incidence of lifestyle-related diseases have contributed positively to the growth of herbal supplements. In addition, changing lifestyle and standards of living, and unhealthy eating habits such as fast food and meals-on-the-go are some other factors driving the overall growth of the global herbal supplements market. Increasing demand for dietary herbal supplements among working and pregnant women is another factor expected to drive growth of the global herbal supplements market. The growing popularity of multi-herbs and concerns relating to side-effects of allopathic drugs is further fueling growth of the global herbal supplements market. Furthermore, American ginseng may be taken to reduce stress, boost the immune system, improve digestion, and more. German chamomile may be taken to improve sleep quality, reduce anxiety, and help gastrointestinal conditions. Cinnamon may be used to treat gastrointestinal problems, loss of appetite, and diabetes. Based on formulations, the global herbal supplement market is bifurcated into tablets, capsules, liquid and powder & granules. Herbal supplements are majorly consumed in the form of Capsules.