According to new Fact.MR study, worldwide sales of horehound supplements are estimated to surpass 6,200 tons in 2019. The horehound supplements industry continues to be influenced by a slew of factors, ranging from growing consumer inclination towards botanical nutraceutical supplements to R&D investments in exploring the application scope of various traditional herbs. The study assesses the horehound supplements market in detail, and offers an analysis of the macroeconomic and industry-specific factors influencing growth of the horehound supplements industry.
In Brief:
Global horehound supplements market registered a value CAGR of 6.4% during the period between 2013 and 2018. Rising consumer inclination towards herbal or botanical health supplements in line with significant developments in nutraceutical industry has underpinned the growth of horehound supplements market.
Worldwide sales of horehound market closed in on revenues worth US$ 600 million in 2018, and are estimated to record a promising Y-o-Y growth at nearly 8% in 2019.
North America remains the leading market for horehound supplements, with revenues in 2018 estimated at US$ 180 million. Horehound supplements sales in the region remain driven by key beneficial properties of horehound (Marrubium vulgare), a member of the mint family, in treating respiratory conditions.
Asia Pacific Excluding Japan (APEJ) is likely to be a high-growth market for horehound supplements, upheld by increasing use of traditional herbal supplements in the region.
Request Free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=3564
What are the Key Growth Drivers of Horehound Supplements Market?
Rising consumer preference for plant-derived and botanical products for the management and treatment of respiratory ailments, continue to complement adoption of the horehound supplements. Although funding for clinical trials apropos of horehound supplements potential in treating respiratory conditions is limited, its expectorant and cough-suppressant properties are considered to be a valuable addition to natural lozenges, expectorants, and cough syrups, in turn advocating research efforts into this natural health remedy.
The European Medicines Agency (EMA) and German Commission E have advocated the traditional use of horehound for symptomatic treatment of bloating and flatulence, and in temporary loss of appetite. This has raised awareness among consumers about herbal medicinal products with horehound as the primary ingredient.
Horehound supplements and other herbal nutraceutical products have gained increasing popularity on the account of alarming rise in the prevalence of obesity and digestive disorders. In addition, growth of the nutraceutical industry, along with the pervasive prevalence of lifestyle diseases, is likely to influence dynamics of the horehound supplements industry.
Horehound supplements manufacturers are shifting their focus towards R&D investments that aim at discovering the scope of innovative applications of horehound supplements, and implementation of advanced technologies to come up with more economic extraction and production.
What are Key Challenges Faced by Horehound Supplements Market Players?
Although there studies that advocate the health benefits of horehound, lack of scientific evidence or clinical research done to support these claims continues to remain a key concern among horehound supplements manufacturers.
While consumer preference, acceptance, and trust for botanical health supplements remain high, several side effects of using horehound in traditional herbal medicines such as nausea, headache, and skin allergies might pose a negative impact on growth of the horehound supplements market.
Horehound Supplements Market – Competitive Landscape
In November 2018, Swanson Health Products, a key player in the horehound supplements market, launched a Chinese website, developed by a Shenzhen-based cross-border e-commerce group Azoya, to expand its reach in the world’s biggest retail market. In May 2017, the company announced the launch of a new line of products with 14 probiotic supplements.
In August 2018, Mountain Rose Herbs launched its brand new ‘Mountain Rose Herbs Giving Project’, a program funded entirely by MRH to award three $4000 grants to people or organizations that require extra assistance for their plant- or conservation-centric projects.
Nutraceutical International Corporation
Founded in 1993, Nutraceutical International Corporation is leading player in the horehound supplements market, headquartered in Park City, Utah, which manufactures and markets nutritional supplements to health food stores. The company also offers a range of dietary supplements, creams, soaps, and other personal care products.
Ricola AG
Established in 1930, Ricola is headquartered in Laufen, Switzerland, and has subsidiary locations in Europe, Asia, and the USA. The company specializes in the production and sale of herb drops, tea blends, and chewing gums across the globe.
Herb Pharm LLC
Founded in 1979, Herb Pharm is based in Williams, Oregon, and focuses on creating high-quality herbal extracts. The company offers a range of single herb extracts, herbal capsules and powders, herbal compounds and tonics, herbal oil and salves, and herbal glycerites.
Bio-Botanica Inc.
Established in 1972, Bio-Botanica Inc. is headquartered in New York, USA, and a leading manufacturer and distributor of botanical extracts for cosmetic/personal care, supplement and nutraceutical, food and beverage, and flavor/fragrance industries. The company believes in supporting health with natural products that are holistically balanced for health, well-being, harmony, and inner-equilibrium.
ARKOPHARMA Laboratories, Company Limited
Founded in 1980, ARKOPHARMA is based in Carros, France, and operates as a pharmaceutical laboratory that specializes in phytotherapy, natural medication, and dietary supplements. The company offers range of herbal products and natural solutions for ear, nose, throat problems and others.
Enquire about this Report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=3564
About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
