Herbal Supplements Market Size, Share, Growth Analysis, By Product (Moringa, Echinacea), By Formulation (Tablets, Capsules), By Function (Medicinal, Aroma), By Consumer (Pregnant Women, Adults), By Distribution Channel, By Region - Industry Forecast 2024-2031

Geographically, Asia-Pacific dominated the market in the past years and is expected to lead over the forecast as well owing to its history of herbal medicines. The region holds deep-rooted tradition of herbal remedies like Ayurveda, (TCM) Traditional Chinese Medicine and more, which is still impacting consumer choices. The market in the region is also impacted by growing awareness of health and increasing disposable income of consumers. The region has witnessed a notable shift towards preventive and natural healthcare, which contributes to market growth. The key players operating in the region include Amway, Herbalife Nutrition, Blackmores, Dabur India Ltd., Shahnaz Husain Group, Eisai Co., Ltd., and more.

Europe is the fastest-growing region in the global herbal supplements market due to strong regulatory frameworks. The region holds proper standards for herbal supplements that guarantee product quality, safety, and efficacy, improving user’s trust. Moreover, the growing awareness of wellness and health among a large population in the region is fueling the demand for preventive and natural health medicines. Also, the strong tradition of consuming herbal remedies along with the rising interest in natural medicinal products is aiding the market growth in the region.