Horehound Supplements Market Predictions Highpoint Enhanced Sales during Forecast Period, 2019-2027

In order to dissert the market scenario prevailing across the horehound supplements market sector, FactMR has evenly presented a comprehensive horehound supplements market analysis to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the horehound supplements market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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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.

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.

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