Europe Herbal Supplements Market Size (2024 To 2029)
Europe Herbal Supplements Market was worth USD 23.77 billion in 2024 and is estimated to be growing at a CAGR of 6.0% to reach USD 31.81 billion by 2029. Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health.
History suggests that plants have been used for medical treatment for many centuries and such traditional medicine is still in practice today. Herbalism is recognized as a form of alternative medicine by modern medicine as practice of herbalism is not strictly based on evidence gathered using the scientific method. Modern medicine makes use of many plant-derived compounds as the basis for evidence-based pharmaceutical drugs. Factors like growing mental and health disorders, increasing awareness regarding diet and healthcare as well as increasing healthcare expenditure, growing demand for functional food and increasingly sedentary lifestyle are driving the market forward. Yet, high cost of raw materials stringent regulations and some side effects caused by herbal supplements are hampering the growth of market.
This Research Report on Europe Herbal Supplements Market is segmented and sub segmented into following categories:
Europe Herbal Supplements Market - By Source:
Europe Herbal Supplements Market - By Application:
Europe Herbal Supplements Market - By Function:
Europe Herbal Supplements Market - By Form:
Europe Herbal Supplements Market - By Region:
The Europe market for Herbal Supplements is segmented based on Source, Application, Function and Form. Based on Source – Leaves, Barks, Roots, Fruits & Vegetables. Based on Application – Pharmaceuticals, Personal Care, and Food & Beverages. Based on Functions - Medicinal, Aroma. Based on Form - Powder, Syrups, Oils, Capsules & Tablets. Based on Geographical analysis the market is separated into regions of U.K., Germany, France, Italy and Spain. U.K. is leading the market. Presence of market leaders as well increasing individual awareness regarding the health have fuelled the dominance of U.K. in the market. Germany is expected to grow the fastest due to the increasing adoption rate as well as increasing consumer awareness regarding health issues. Capsules and Tablets held the major share in the market in Form segment due to their accessibility and ease of administration. Medicinal herbal supplements hold the major share in the market in terms of functions owing to their efficacy, safety and minimal side effects. Pharmaceutical applications is expected to grow the fastest due to consumer’s reliability in quality and effectiveness of the herbal medicines.
KEY MARKET PLAYERS:
Key market players in the European herbal Supplements Market are Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Inc., Blackmores, Nutraceutical International Corporation, NBTY Inc., Arizona Natural Products, Ricola, NaturaLife Asia Co., Ltd., and Bio-Botanica Inc.
Frequently Asked Questions
Popular herbal supplements in Europe include echinacea, ginseng, valerian root, turmeric, and garlic supplements, among others, each believed to offer unique health benefits.
Herbal supplements are often used to support various aspects of health, including immune function, digestion, sleep, stress management, and overall vitality. However, their efficacy may vary depending on individual factors and the specific supplement.
Herbal supplements are widely available in pharmacies, health food stores, supermarkets, and online retailers throughout Europe. It's essential to purchase from reputable sources to ensure quality and safety.
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