Dandelion Supplement: Market outlook
Once thought as an ancient remedy and traditional medicine, the herbal medicines have now emerged as a potential health supplement, and as complementary and alternative medicine in the modern-day world. Increasing consumer inclination towards the maintenance of a healthy lifestyle through a nutritious diet and physical activities, coupled with an influx of integrative medicine, and complementary and alternative medicine is the major trend in the herbal supplements market. The fuelling herbal supplement demand is giving rise to dandelion supplement over the forecast period. Dandelion is an herb, whose roots and stems are used to formulate herbal dietary supplements. Dandelion supplements are used to aid digestion and stimulate appetite in the consumers, besides, dandelion supplements are used in the treatment for upset stomach, gallstones, muscle aches, joint pains, bruises, and eczema. The dandelion supplement is used as a purgative to increase bowel movement in the body and is also used to increase the frequency of urination. Furthermore, dandelion supplement is used as a blood tonic, skin toner, and digestive tonic, making it a popular health supplement among the consumers.
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Cashing in on the Booming Market for Herbal Supplements, to Provide Growth Opportunity for Dandelion Supplement
Increasing trends for preventive healthcare and aging baby boomers demographics is anticipated to drive the growth for dandelion supplement over the forecast period. Today’s consumers are becoming more and more aware of the necessity of preventive healthcare in day to day lives. The consumers have started spending more on pharmaceuticals and nutraceuticals to prevent the onset of health risk and diseases. According to a survey conducted by the Council for Responsible Nutrition (CRN) in 2014, around 68% of adults in the U.S. consumed dietary supplements; of these, approximately 50% were regular users. About 83% of adults in the U.S. communicated overall confidence in the effectiveness, safety, and quality of dietary supplements. Increasing healthcare expenditure by consumers is pushing them to opt for herbal supplements like the dandelion supplement, which tend to benefit health and prevent health adversities in the consumers. Hence, increasing consumer consciousness concerning health is expected to be primarily growth driver for dandelion supplement market. Besides, there is a sudden rise in self-directed consumers who are increasingly relying on different channels to self-diagnose and self-treat health problems before even consulting doctors. This is again boosting the sales of dandelion supplement that is potential in treating indigestion and related symptoms in the body. Also, with the growth of online retailing and development of retail channels and pharmacies, consumers now have greater accessibility towards a wide band of herbal and dietary supplements which is providing strong market opportunity for the dandelion supplement manufacturers.
Dandelion Supplement: Market Segmentation
On the basis of nature, global dandelion supplement can be segmented as:-
On the basis of form, global dandelion supplement can be segmented as:-
On the basis of distribution, global dandelion supplement can be segmented as:-
- Store-based retailing
- Health & Beauty Stores
- Specialty Stores
- Online retailing
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Dandelion Supplement: Key Players
Some the key players operating their business in the global dandelion supplement market are Alfabel Natural Solution, Nature's Way, Nutra Green Biotechnology Co.,Ltd., Now Health Group, Inc., Doctor Sport LLC, Liberty Natural Products, Inc., and Natural Factors Inc., among others.
Opportunities for Dandelion Supplement Market Participants:
The increasing consumer preference for herbal supplement and growing trend for preventive healthcare in North America and Europe are expected to boost the demand for dandelion supplements in these regions. Besides, increasing production of dandelion in these regions further strengthening the market for the dandelion supplement in these regions. However, Asia Pacific is anticipated to have maximum growth opportunity for dandelion supplements owing to increasing consumer awareness regarding health and wellness, the growing purchasing power of the buyers, and robust growth of E-commerce channels in the region. Substantial growth opportunity is anticipated to remain for dandelion supplements market amongst increasing consumer interest in health and retailers’ efforts to spot themselves as a one-stop destination for health and wellness. The manufactures for dandelion supplement are expected to adhere to the regulatory shifts and adjust accordingly to avoid consumer recoil or supply chain interruption due to product quality concerns. However, the expansion of the herbal supplement space throughout the forecast years, provide growth opportunity for manufacturers and retailers for the dandelion supplement to capitalize on a robust growth sector.
The dandelion supplement market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the dandelion supplement market, including but not limited to: regional markets, nature, form, and distribution channel.
The study is a source of reliable data on:
- Dandelion supplement market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The dandelion supplement market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the dandelion supplement market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Dandelion Supplement market report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the dandelion supplement market
- Recommendations to companies for strengthening their foothold in the dandelion supplement market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.