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Horehound Supplements Market

Horehound Supplements Market

Horehound Supplements Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 - 2027

Horehound Supplements Market
FACT3564MR
  • Mar-2022
  • List of Tables : 94
  • List of Figures : 72
  • 170 Pages
  • Food & Beverage

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.

horehound supplements market snapshot

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.

horehound supplements market regional analysis

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.

horehound supplements market competitive analysis

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Liquid Remains Preferred Mode of Administration for Horehound Supplements

Consumers continue to show marked preference for liquid form of horehound supplements. Worldwide sales of liquid horehound supplements were estimated at revenues worth nearly US$ 340 million in 2018, and are expected to register a Y-o-Y growth of 7.3% in 2019.

Drug stores continue to account for relatively large sales of horehound supplements, with over 40% share in 2018. Gains will also remain significant from health & beauty stores and modern trade channels, which collectively account for nearly one-third share in 2018.

Research Scope

horehound supplements market taxonomy

An Adaptive Approach to Modern-day Research Needs

Research Methodology

The Fact.MR study on horehound supplements market offers industry-based intelligence and comprehensive insights into the global market. To carry out a thorough analysis on the growth of horehound supplements market for the period, 2019-2027, a unique methodology and holistic approach have been adapted.

An elaborate and extensive secondary research is followed by an in-depth primary research, to obtain valuable information regarding historical and current growth parameters of the horehound supplements market.

- FAQs -

Demand For Horehound Supplements Market Is Estimated To Grow US$ 180 million By 2027
Horehound Supplements Market Is Anticipated To Grow At 8% Over The Forecast Period By 2027

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