Middle East And Africa Herbal Supplements Market

Middle East and Africa Herbal Supplements Market Size (2024 to 2032)

Middle East and Africa Herbal Supplements Market size was valued at USD 5.33 Bn in 2023 and is projected to reach USD 8.62 Bn by 2032, growing at a CAGR of 6.2% 

MARKET OVERVIEW

Herbal Supplements are non-pharmaceutical, non-food substances that are marketed to improve health.A  dietary supplement is intended to provide the nutrients to increase the quantity of their consumption, or to provide non-nutrient chemicals which are claimed to have a biologically beneficial effect. Similarly ,herbal supplements also employ the use of plant to supplement a diet or use them for medicinal purposes. Plants provide many nutrients as well as have many medicinal benefits. An example of this is use of eucalyptus leaves to manufacture eucalyptus oil through distillation.Increasing awareness regarding diet and healthcare as well as increasing healthcare expenditure, increasingly sedentary lifestyle, growing mental and health disorders and growing demand for functional food are the major factors accountable for the growth of market. Nevertheless, hthe igh cost of raw materials stringent regulations and some side effects caused by herbal supplements are hindering the growth of market.

This research report on the Middle East and Africa Herbal Supplements market has been segmented and sub-segmented into the following categories.

Middle East and Africa Herbal Supplements Market By Source 

• Leaves

• Barks

• Roots

• Fruits & Vegetables

Middle East and Africa Herbal Supplements Market By Application

• Pharmaceuticals

•  Personal Care 

• Food & Beverages

Middle East and Africa Herbal Supplements Market By Function

• Medicinal

• Aroma

Middle East and Africa Herbal Supplements Market By Form

• Powder

• Syrups

• Oils

• Capsules 

• Tablets

Middle East and Africa Herbal Supplements Market By Country

• UAE

• Israel

•  KSA

• South Africa

• Egypt

 Based on Geographical analysis the market is separated into regions of the Middle East and Africa. The Middle East is leading the market. The presence of market leaders as well as increasing individual awareness regarding health have fuelled the dominance of the Middle East in the market. 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 consumers’ reliability in quality and effectiveness of herbal medicines.

KEY MARKET PLAYERS

• 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.
• Bio-Botanica Inc