U.S. Herbal Supplements Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[188+ Pages Report] According to the report published by Facts Factors, the U.S. herbal supplements market size was worth around USD 1,350 million in 2022 and is predicted to grow to around USD 1,925 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.20% between 2023 and 2030. The report analyzes the U.S. herbal supplements market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the U.S. herbal supplements market.

This technical and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the U.S. Herbal Supplements industry. The report analyzes and declares the historical and current trends analysis of the U.S. Herbal Supplements industry and subsequently recommends the projected trends anticipated to be observed in the U.S. Herbal Supplements market during the upcoming years.

The U.S. Herbal Supplements market report analyzes and notifies the industry statistics at the as well as regional and country levels in order to acquire a thorough perspective of the entire U.S. Herbal Supplements market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2020 – 2030.

Key Insights from Primary Research

• According to the primary CXOs of the U.S. Herbal Supplements market, the market is estimated to witness a substantial growth of nearly 5.20% over the forecast period.
• The market was valued at USD 1,350 million, in 2022 and is expected to be valued at over USD 1,925 million.
• On the basis of the type segment, Garlic dominated the U.S. Herbal Supplements market in 2019. In terms of revenue, it accounted for more than a 30% share of the total market in 2022.
• Arizona market is expected to be the fastest goring region for U.S. Herbal Supplements over the forecast period owing to growing investments for R&D and herbal F&B companies in the region.
• By geography, the North America region headed the market with a share of above 31%, in 2022.

Key Recommendations from Analysts

• The higher prevalence of herbal products, technological advances, high unmet customer needs, and government initiatives are major factors that are expected to drive development in the near future.
• The strategic developments such as regional expansion, product innovations, and on-going research and developments by the major companies such as Arizona Natural Products, Vitakem Nutraceutical Inc., ABH Pharma, etc. are likely to boom the market’s growth over the upcoming years.
• Our analysts recommend that the Arizona region is predicted to witness significant growth attributed to the growing demand for U.S. Herbal Supplements from China and India.       
• Expansion of herbal F&B companies especially in emerging markets is anticipated to fuel the demand for U.S. Herbal Supplements drugs in the developing regions over the forthcoming years.
• Strengthening the distribution channel and growing availability of bipolar disorder drugs online may also help the major player to cater to the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the U.S. Herbal Supplements industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the U.S. Herbal Supplements industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the U.S. Herbal Supplements market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the U.S. Herbal Supplements industry. The U.S. Herbal Supplements market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the U.S. Herbal Supplements sector. Key strategic developments in the U.S. Herbal Supplements market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the U.S. Herbal Supplements market are appropriately highlighted in the report.

The U.S. Herbal Supplements market research report delivers an acute valuation and taxonomy of the U.S. Herbal Supplements industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the U.S. Herbal Supplements industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the U.S. Herbal Supplements industry is provided for the leading economies of the world.

With the demand for herbs and botanicals for young and young adults, the US herbal market is constantly increasing. High medical costs and inactive lifestyles are the main drivers of the growth of the herbal supplement market in the United States.

With an increased awareness of public health, US customers prefer nutritional and protein supplements in a smaller portion. Many in the US focus on diet and exercise that lowers our weight. Confidence that the USA has the world's largest obese population and that it has a huge chance of marketing herbal supplements in the US. These factors play a leading role in the increased demand in the next US market for herbal supplements.

The U.S. Herbal Supplements market is segmented based on type, application and region. On the basis of type segmentation, the market is classified into Garlic, John’s wort, Peppermint, Ginger, Soy, Chamomile, and others. By application, the market is bifurcated into Food & beverage, Pharmaceutical, and Personal care.

Some of the leading players in the U.S. market include

• Arizona Natural Products
• Vitakem Nutraceutical Inc.
• ABH Pharma
• Sunfood Nutraceuticals
• Gaia Herbs
• Herb Pharm

The taxonomy of the U.S. Herbal Supplements industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Garlic
• John’s wort
• Peppermint
• Ginger
• Soy
• Chamomile
• Others

By Application Segmentation Analysis

• Food & beverage
• Pharmaceutical
• Personal care

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa