Australia & New Zealand’s Herbal Supplements Market
to Reach US$ 760.9 Mn by 2025
Balancing diets of the common people continues to be a top priority of governments witnessing an
alarming rise in food-related disorders. Some regions are augmenting their staple foods while others
are adopting new edible products in their nutritionally deficient diets. On the same lines, the demand
for herbal supplements is also on an upsurge. Herbal supplements taken as medications are helping
consumers become more resilient to generic diseases, which is incidentally prompting companies to
increase their production. In Australia and New Zealand, the demand for herbal supplements is also
expected to gain traction in the years to come. Persistence Market Research’s report on Australia
& New Zealand’s herbal supplements market projects that by the end of 2025, a little over
US$ 760 Mn will be amassed in revenues.
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According to the report, titled “Herbal Supplements Market: Australia & New Zealand Industry
Analysis and Forecast, 2017-2025,” the market is expected to bring in US$ 434.9 Mn by the end of
2017. In the eight-year forecast period, the herbal supplement revenues in Australia & New Zealand
will have soared at an impressive 7.2% CAGR. The region’s rich dietary culture and growing per
capita healthcare expenditure will continue to favor the growth of its herbal supplements market.
Increasing demand for herbal supplements to strengthen one’s immunity and a sizeable population
of baby boomers are two crucial factors driving the sales of herbal supplements in Australia and New
Zealand.
Moreover, the consumers in this region are also actively aware of new products entering their
market, particularly the ones with functional benefits. In 2016, more than US$ 150 Mn worth of
herbal supplements were sold as tablets across Australia and New Zealand. The demand for herbal
supplements in form of capsules and liquid products will continue to remain relatively high,
registering a value CAGR of 7% and over. Demand for powdered herbal supplements will remain
relatively less towards the end of forecast period.
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http://www.persistencemarketresearch.com/market-research/australia-new-zealandherbal-supplements-market/toc
In addition to this, increasing application of herbal supplements in production of beauty & cosmetic
care products is also driving the market’s growth. However, over 20% of Australia and New
Zealand’s herbal supplements sales through 2025 will be emanating from sales of digestive & heart
supplements. Prevalence of cardiovascular diseases among the region’s demographics will continue
to boost the sales of herbal supplements. Revenues amassed from sales of bone & joint
supplements are also expected to soar robustly, surpassing US$ 100 Mn towards the end of 2025.
The report has profiled leading manufacturers of herbal supplements across Australia and New
Zealand. Companies such as Deep Blue Health (NZ) Co. Limited, Phytomed, NZ Herbals,
Blackmores Limited, Vitaco Holdings Limited, Bioglan, Integria Healthcare and Sanderson are key
players partaking in the growth of Australia and New Zealand’s herbal supplements market.
Browse Complete Report @ http://www.persistencemarketresearch.com/market-
research/australia-new-zealand-herbal-supplements-market.asp
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