New York
City, 18 January 2019: The global Herbal Supplements Market size is anticipated to grow at a CAGR of 10.8% during
2018-2026 according to a new study published by Polaris Market Research. In
2017, the pharmaceutical segment accounted for the highest market share in
terms of revenue. North America is expected to be the leading contributor to
the global market revenues in 2017.
The obese
and geriatric population is increasing worldwide, promoting the growth of the
herbal supplements. The sedentary lifestyle, increasing use of functional
foods, and growing consumer awareness regarding preventive health care boost the
overall market growth. Increasing disposable incomes in developing countries,
rising awareness about health benefits of herbal supplements, and rising health
disorders propel the growth of the herbal supplements industry. Sedentary
lifestyle of consumers leading to lifestyle diseases, and increasing disposable
income drives herbal supplements market growth.
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Health
disorders such as diabetes, cardiovascular diseases, cancer and others have
increased significantly in the developed economies in past few years.
Increasing incidences of health disorders have resulted in increased awareness
regarding healthy eating habits. Health and fitness consciousness has also
increased among consumers in countries such as China and India due to improving
lifestyle and changing food habits. Consumers are more aware regarding their
nutritional intake, and benefits of herbal supplements, thereby accelerating
the market growth for Herbal Supplements.
North
America generated the highest market share in terms of revenue in 2017 and is
expected to lead the global market throughout the forecast period. The
increasing obese population, initiatives and funding by governments to promote
health consciousness, and lifestyle changes primarily drive the growth of this
market. The number of memberships for health clubs and gyms has increased
significantly promoting the growth of Herbal Supplements industry in the
region. The increase in obesity related diseases such as diabetes and
hypertension along with high disposable income of consumers further propel the
adoption of herbal supplements.
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