U.S. Herbal Supplements Market Report 2022-2027: Inclination Towards Botanical Ingredients and Herbal Supplements Among Health Conscious Consumers Driving Growth - ResearchAndMarkets.com

The "Herbal Supplements Market Research Report by Function (Aroma and Medicinal), Form, Source, Supplier Type, Application, State - United States Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The United States Herbal Supplements Market size was estimated at USD 2,246.03 million in 2021, USD 2,564.74 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.62% to reach USD 4,116.48 million by 2027.

Market Statistics:

The report provides market sizing and forecast across five major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2019 and 2020 are considered historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Herbal Supplements to forecast the revenues and analyze the trends in each of the following sub-markets:

• Based on Function, the market was studied across Aroma and Medicinal.
• Based on Form, the market was studied across Capsules & Tablets, Oils, Powder, and Syrups.
• Based on Source, the market was studied across Barks, Fruits, Vegetables & Flowers, Leaves, and Roots.
• Based on Supplier Type, the market was studied across Private Labelled and White Labelled.
• Based on Application, the market was studied across Food & Beverages, Personal Care, and Pharmaceuticals.
• Based on State, the market was studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Herbal Supplements Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics

5.1.1. Drivers

5.1.1.1. Growing vitamin and supplement sales in the U.S. owing to young demographics

5.1.1.2. Inclination towards botanical ingredients and herbal supplements among health conscious crowd

5.1.2. Restraints

5.1.2.1. Limited scientific evidences supporting the benefits and performance of herbal supplements

5.1.3. Opportunities

5.1.3.1. Availability on retail and e-commerce portals

5.1.3.2. Herbal supplements in the U.S. is gaining pace in the pharmaceutical sector

5.1.4. Challenges

5.1.4.1. High cost assoaciated with availing raw material

5.2. Cumulative Impact of COVID-19

6. Herbal Supplements Market, by Function

7. Herbal Supplements Market, by Form

8. Herbal Supplements Market, by Source

9. Herbal Supplements Market, by Supplier Type

10. Herbal Supplements Market, by Application

11. California Herbal Supplements Market

12. Florida Herbal Supplements Market

13. Illinois Herbal Supplements Market

14. New York Herbal Supplements Market

15. Ohio Herbal Supplements Market

16. Pennsylvania Herbal Supplements Market

17. Texas Herbal Supplements Market

18. Competitive Landscape

19. Company Usability Profiles

20. Appendix

Companies Mentioned

• ABCO Laboratories, Inc.
• AIE Pharmaceuticals Inc.
• Archer-Daniels-Midland Company
• Bio-Tech Pharmacal Inc.
• Glanbia PLC
• Herbalife International of America, Inc.
• Nutraceutical International Corporation
• Sunfood Nutraceuticals
• Vitakem Nutraceutical Inc.
• Wellness Origin Indy

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View source version on businesswire.com: https://www.businesswire.com/news/home/20220720005700/en/