Herbal Supplements Market By Global Industry Size, Share, Trends, Opportunity and Forecast 2027 - TechSci Research
Global herbal supplements market is projected to reach USD 89 Billion by 2027, growing at a CAGR of over 5% during 2023-2027 owing to growing demand for herbal products in medicines, food & beverage, and cosmetics, growing pharmaceutical industry and growing demand for dietary supplements. Based on form, the market has been segmented into capsules & tablets, syrups, powder, oils and others. Capsules & tablets segment dominated the market in 2021 and the segment is expected to maintain its dominance over the next five years as well due to growing pharmaceutical industry and consumer preference for tablets & capsules due to ease in consumption. Based on application, the pharmaceutical segmented holds the largest market share due to increasing efficiency in research & development initiatives by manufacturers. Regionally, the herbal supplements market in APAC region is anticipated to grow at the highest CAGR during 2023-2027 due to consumer trust on the safety and ...