Horehound Supplements Market to Witness Steady Growth as Low Consumer Awareness Continues to Stunt Sales
August 26, 2019 by Steve Blade
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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.
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.
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Key Growth Drivers of Horehound Supplements Market?
Horehound Supplements Market – Competitive Landscape
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.
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.
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