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Herbal supplements are heavily used in the pharmaceutical industry. European herbal medicine ingredients have a promising market in countries, such as U.S., Russia, and Japan. This is due to consumer preference regarding the quality of European herbal medicines, especially German and Swiss production. The Latin American and Asia-Pacific regions are promising markets for the application of herbal supplements in the pharmaceutical industry due to increased research & development activities, and consumer acceptance towards herbal remedies.Complete report on global herbal supplements market spread across 140 pages, profiling 10 companies and supported with 75 tables and 46 figures is now available at http://www.rnrmarketresearch.com/herbal-supplements-market-by-source-leaves-barks-fruits-vegetables-and-roots-application-pharmaceuticals-food-beverage-and-personal-care-function-medicinal-and-aroma-form-and-region-global-forec-st-to-2022-market-report.html .
Europe is the largest market for herbal supplements. Growing awareness about dietary supplements in the region fuels the growth of the herbal supplements market. In this region, Germany leads the market owing to the high consumption of dietary supplements in the country, which provides considerable potential for the growth of herbal supplements as well. Other countries such as France and Italy are among the major markets for herbal supplements. Consumer preference for natural, chemical-free products is one of the major factors driving the growth of the European market.
The breakdown of the primaries on the basis of company, designation, and region, conducted during the research study, is mentioned as follows:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: Director Level – 35%, C Level – 30%, and Others – 35%
• By Region: Asia-Pacific – 57%, Europe – 29%, North America – 10%, and RoW – 4%
Archer Daniels Midland Company (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores (Australia), and Nutraceutical International Corporation (U.S.) collectively, accounted for the largest portion of the herbal supplements market in 2015. Other players such as The Nature's Bounty Co.(U.S.), Arizona Natural Products (U.S.), Ricola (Switzerland), NaturaLife Asia Co., Ltd. (Korea), and Bio-Botanica Inc. (U.S.) also have a strong presence in this market.
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This research report categorizes the herbal supplements market based on source, function, application, form, and region. The market has been segmented on the basis of source, which includes leaves, barks, fruits & vegetables, and roots. On the basis of function, it includes medicinal and aroma. On the basis of application, it includes pharmaceuticals, food & beverages, and personal care. Capsules, powder, syrups, and oils are the forms of herbal supplements. Regional segmentation of the market includes North America, Europe, Asia-Pacific, and RoW (Rest of the World).
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