San Francisco, CA—The global herbal supplements market is expected to reach $8.5 billion by 2025, according to a new report by Grand View Research. From 2018 to 2025, it is expected to expand at a CAGR of 6.2%.
The market will be driven by a growing geriatric population and awareness of preventative healthcare, as well as rising healthcare prices.
Key takeaways include:
- Echinacea supplements accounted for the largest revenue share in 2017
- Turmeric supplements are expected to emerge with the highest CAGR, 8.1%, over the forecast period
- Capsules accounted for the largest revenue share in 2017, due to the number of products available in capsule form
Key players include Jarrow Formulas, Inc.; Solgar, Inc.; Now Foods; Gaia Herbs; Nature’s Bounty; and Ancient GreenFields.
The report can be purchased here.