Market Overview

The sale of herbal tea is growing exponentially as consumers are opting for a healthy lifestyle. Many key players in beverages market are investing in R&D to focus on product development which enriches the flavors in herbal tea. Moreover, herbal tea is gaining popularity across the globe, as the demand for healthy food & beverages has been increasing in recent years. These factors will support the herbal tea market and is estimated to grow at the rate of about 5.1% from 2017 to 2023. 

The Global Herbal Tea Market Size is witnessing an impressive growth over the last few years. This is attributed to the rising health conscious people both in developed and developing economies. Also, increasing disposable income of the consumers is anticipated to be the significant reason for the growth of the herbal tea market during the forecast period. Increasing cardiovascular diseases and obesity cases are anticipated to further fuel the sales of herbal tea during the forecast period.

Downstream analysis

The global herbal tea market is segmented into ingredient, function, packaging, and distribution channel.

Based on the ingredient, it is segmented into cinnamon, dandelion, chamomile, ginger, turmeric, lemongrass, and others. Among all the ingredients, the cinnamon segment holds the major market share followed by the segment dandelion.

Based on the function, it is segmented into cognitive health, gut & digestive health, general wellness, and others. Among all the functions, the cognitive health segment is dominating the market.

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Based on the packaging, it is segmented into tea bags, loose leaf, powder, and others. Among all the packaging types, the tea bags segment is dominating the market followed by the loose-leaf segment owing to the ease of use and handling.

Based on the distribution channel, it is segmented in store based, and non-store based.  Among both, the store-based distribution channel is dominating the market.

Competitive analysis

The major players in herbal tea market

• Associated British Foods Plc. (U.K)
• Dilmah Ceylon Tea Company Plc. (Sri Lanka)
• ITO EN (North America) Inc. (U.S.)
• Tata Global Beverages Ltd. (India)
• The Unilever Group (U.K)
• Barry's Tea Ltd. (Ireland)
• C. Bigelow, Inc. (U.S.)
• Celestial Seasonings, Inc. (U.S.)
• Harney & Sons Tea Corp. (U.S.)
• Mighty Leaf Tea Company (U.S.)

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Regional Analysis

The global herbal tea market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is dominating the global herbal tea market followed by North America. High growth in emerging economies such as China, India, Japan, Australia, and the Latin American countries, offers ample opportunities for expansion to major players.

The North American herbal tea market is projected to grow at a steady pace in the review period. The high consumption of tea in growing economies of Asia Pacific and Latin America and growing demand for healthy beverages especially in China and India will be the crucial factor underlining the market growth.

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The Global Herbal Skin Care Products Market is segmented based on type, form, distribution channel and region.

Segmentation by Types: Comprises Face Care, Body Care and Other.

Segmentation by Form: Comprises Cream, Gel, Liquid, Powder, and other.

Segmentation by Distribution Channel: Comprises Supermarket/Hypermarket, Specialty Retailers, Convenience Stores, E-Commerce, and other.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Globally the Herbal Skincare Products Market Share as one of the fastest growing skin care product range is estimated to escalate at a higher growth rate which is supported by the rising mass consumer demand for natural and effective products. Rapid urbanization and increased disposable income have led to consumers' inclination towards purchase of personal care products with organic ingredients which also has a positive impact on this market.

Herbal Skincare Products are treated as safe and effective, and it is the key reason behind the growth of this segment. Besides, Herbal Skincare Products s are extensively used in the manufacture of high-quality herbal cosmetics and beauty products. Demand for these products is increasing globally owing to their efficiency and low side effects which are expected to result in high demand.

All these factors will contribute to the calculated CAGR of 5.5% of herbal skincare products market during 2017-2023.

Herbal beauty products are derived from plant-based sources and have minimal side effect to the skin. Herbal skincare products are used majorly to achieve skin healing and smoothness. Herbal products are also used to enhance the skin texture owing to the herbal ingredients found in the product. Herbal skin care product is free of chemicals and contain Skincare Products s made from plant roots and leaves. Mass consumers adopting the usage of natural and organic cosmetics worldwide prefer herbal beauty products such as skin care, hair care, make-up and other products. The market share of the herbal products is evaluated to be rising as compared to other synthetic products. In addition, since the herbal beauty products contain no harmful chemicals, they are less likely to cause any skin damage which has resulted in its higher consumer preference.

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The Global Herbal Skincare Products Market is segmented into North America, Europe, Asia Pacific, and Rest of the World (ROW).

Asia-Pacific has the major market share followed by North America. Increased production of herbal skincare products in India, China is projected to generate a high revenue from Asia-Pacific region during the given forecast period. Changing consumer preferences for natural and authentic products will support the sale of herbal skincare products in various region during the forecast period.

The major importers of herbal skincare products include U.S., China, U.K., Germany, and Singapore. Based on the higher demand for personal care products especially in female population, the import and export of herbal skincare products for manufacturing such products in the developed countries is found to rise at a steady rate.

Globally the herbal skincare products market share as one of the fastest growing skin care product range is estimated to escalate at a higher growth rate which is supported by the rising mass consumer demand for natural and effective products. Rapid urbanization and increased disposable income has led to consumers' inclination towards purchase of personal care products with organic ingredients which also has a positive impact on this market.

Market Research Future published a half cooked research report on Global Herbal Skincare Products Market which is estimated to grow more than 5.5% during the period of 2017-2023. Herbal beauty products are derived from plant based sources and have minimal side effect to the skin. Herbal skincare products are used majorly to achieve skin healing and smoothness. Herbal products are also used to enhance the skin texture owing to the herbal ingredients found in the product. Herbal skin care product are free of chemicals and contain extracts made out of plant roots and leaves. Mass consumers adopting the usage of natural and organic cosmetics worldwide prefer herbal beauty products such as skin care, hair care, make-up and other products. The market share of the herbal products is evaluated to be rising as compared to other synthetic products. 

Adoption of chemical-free products by the consumers is considered to be one of the major drivers for this market. Increased awareness about the harmful effects of synthetic cosmetics on the skin has raised the bar for quality in the skincare domain and in turn, the market share for herbal skincare products on a global level. Mass market penetration is leading to introduction of new products and their retail across various regions. High focus on Research and Development has led to innovations and in the product line which has fueled up the market share of herbal skincare products in global market. High benefits obtained from herbal products is also supporting the sale of herbal skincare products globally.

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Major Companies:

• Weleda AG (Swirtzerland),
• The Himalaya Drug Company (India),
• Renpure Organics (U.S.),
• Tata’s Natural Alchemy, LLC (U.S.),
• Arbonne International LLC (U.S.),
• VLCC Health Care Limited (India),
• S.W. Basics (U.S.)

The Global Herbal Skin Care Products Market is segmented on the basis of type, form, distribution channel and region.

Segmentation By Types : Comprises Face Care, Body Care and Other.

Segmentation By Form : Comprises Cream, Gel, Liquid, Powder, and other.

Segmentation By Distribution Channel : Comprises Supermarket/Hypermarket, Specialty Retailers, Convenience Stores, E-Commerce, and other.

Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Browse Herbal Skincare Products Market Data

Among the various type of herbal skincare products, face care products are evaluated to hold a major share as wide range of products are available in this category attracting consumers towards the product line. Cream based herbal skincare products hold a dominant share based on convenience usage and easy storage properties. 

The report for Global Herbal Skincare Products Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro-economic and governing factors in the market. This report provides a detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Market Overview

Herbal Supplements Market is projected to grow significantly during the forecast period. Often used to correct any nutritional deficiencies, herbal supplements are increasingly being used for various other functions such as anti-aging, performance enhancement, etc. Natural herbal supplements are also gaining popularity as therapeutic solutions. The, are some key factors that have been identified as growth motivators.

Market restraints include stringent regulations and policies by relevant government authorities are expected to hamper growth. Additionally, high product price points and the presence of bogus herbal supplement manufacturers will further restrain growth in the market.

However, the effective nature of good quality herbal supplements has proven to be successfully in supporting treatment of lifestyle diseases like diabetes and growing demand for natural products is expected to favor growth patterns as opposed to the aforementioned market restraints.

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Major Key Players

MRFR’s report analyses the market strategies of some key players in the Global Herbal Supplements Market to provide comprehensive view of the competitive landscape. Major players include

• Herbalife International of America Inc.,
• Archer Daniels Midland Co.,
• RICOLA,
• Glanbia PLC,
• NBTY,
• Blackmores Limited
• NATURALIFE Asia Co. Ltd

Latest Industry News

The Food and Drug Administration (FDA), has ordered, Triangle Pharmanatural, to recall its kratom supplements. This unprecedented order follows the discovery of salmonella in the aforementioned herbal supplements and the consequent noncompliance of Triangle Pharma natural to voluntarily recall the products.

The Health Canada warnings database has recently been updated to include yohimbe supplements. The database is continually maintained and added to on the basis of relevant scientific research which may indicate adverse health effects from using unauthorized herbal supplements. Yohimbe has been found to cause serious reactions in consumers with preexisting heart, kidney or liver conditions.

Segmentation:

To provide a thorough understanding of the market and gain relevant insights the herbal supplement market has been segmented based on ingredients, delivery format and function.

On the basis of ingredients, the market has been segmented into stevia, ginseng, ginkgo, epimedium, green tea, hawthorn, aloe vera and others.

On the basis of delivery format, the market has been segmented into capsule, liquid, tablet, powder and others. Capsule as a delivery format is expected to grow at the fastest rate, due to ease of use as compared to alternatives. This delivery format is designed to be absorbed at a faster rate than tablets.

On the basis of function, the market has been segmented into beauty products, antioxidant digestive system, weight loss, memory improvement, anti-aging, regulation of blood system and others. Weight loss herbal supplements are expected to be the fastest growing segment on the basis of function, due to the global increase in obesity and lifestyle diseases.

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Regional Analysis

The herbal supplement market is further segmented on basis of region, including Europe, North America, Asia Pacific (APAC) and Rest of the World (ROW).

According to MRFR’s market report, Asia Pacific currently dominates the global market. The region includes countries such as India and China which have a longstanding adoption of herbal ingredients due to prevalent culture. Chinese medicinal and ayurvedic ingredients from these countries have a rise in demand in recent years and China is one of the largest exporters of medicinal and wellness herbs to other parts of the world.  Other key drivers of growth in this region include the existence of a significant female consumer base for this market and the rising demand for herbal supplements that provide beauty and anti-aging benefits.

Europe closely follows the APAC market and is expected to continue steady growth, this is largely due to widespread consumer awareness and the ease of availability of herbal supplements. France, Germany and U.K are some European countries where herbal supplements are sold over the counter in most drugstores.

North America is projected to be the fastest growing market for herbal supplements during the forecast period. In addition to following a similar growth patterns as Europe, this region includes countries such U.S and Canada, where there is a demand for herbal supplements of high quality.