Baby boomer population rise in Australia and New Zealand is spurring demand for herbal supplements, which is anticipated to fuel market expansion throughout the forecast period. Growing consumer awareness of the health advantages of herbal supplements in Australia is anticipated to fuel market expansion. The use of herbal substances has increased as customer attitudes have shifted towards leading healthier lives. Adults in Australia also like herbal supplements because they are full of vitamins and minerals and have no negative side effects when used.
The market for Herbal Supplements In Australia And New Zealand was valued at US$ 1,182.3 million in 2022 and is expected to grow at a CAGR of 7.57% from 2023 to 2030 to reach US$ 2,120.3 million by 2030.
Top Companies in the Australia & New Zealand Herbal Supplements Industry:
1. Blackmores Limited: Established in 1930. Headquarters are in Australia's New South Wales, 2102, at. The larger of the two major vitamin brands in Australia by market share is Blackmores, a well-known producer of vitamins and health supplements. Earnings are also significantly impacted by overseas sales, especially those made in Southeast Asia and the Chinese market through both official (cross-border e-commerce) and unofficial (daigou) sales channels. As part of a significant effort to diversify, beverage juggernaut Kirin Holdings Co. said on April 27 that it will buy Australian manufacturer of natural health goods Blackmores Ltd. for 1.88 billion Australian dollars (167.59 billion JPY, or $1.24 billion)
2. Vitaco Holdings Limited: Developed in 2007. Headquarters in New Zealand. Based in Auckland, New Zealand, this company produces supplements, sports nutrition, and healthy foods. The business offers a selection of nutritious snacks, protein powders for developing muscle, health bars, beverages and vitamin supplements, giving customers high-quality foods and wellness items.
3. Integria Healthcare: Headquarters in Canada. Service provider for digital publication. Pre-media, electronic prepress, print production, and digital print services are just a few of the company's digital publishing offerings, which allow advertising agencies and corporations to handle all of their printing requirements under one roof.
4. Bioglan: Established in 1984. Headquarters in Sweden's Malmo. a company that offers manufacturing and development services with the goal of meeting all of your production and support needs. The business helps pharmaceutical businesses by providing formulation services, analytical services, stability studies, manufacturing for safety and efficacy studies, and contract manufacturing, allowing its clients to take advantage of the most affordable option.
5. Deep Blue Health (NZ) Co. Limited: "At Deep Blue Health NZ, we only offer superior natural health products created with pure, untainted, and natural ingredients that can be tracked. We provide you with high-quality, secure, and efficient health supplements that produce sensible outcomes. Our health products are made with premium natural ingredients that come from New Zealand farms and are produced in strict accordance with quality assurance standards. We provide quick shipping internationally. Deep Blue Health is a New Zealand-based business that was founded in 2004.
6. NZ Herbals: Headquarters in New Zealand. View the New Zealand Herbals organisational chart to learn more about the company's key personnel and gain insightful knowledge of its structure. The company's reporting structures are highlighted in the organisational chart, starting with the top decision-makers: Michael McCammon, Director, and others.
7. Sanderson: Established in 1983. United Kingdom's England serves as the headquarters. Maker of ERP and MRP applications for the manufacturing, distribution-in-bulk, logistics, and multi-channel retail industries. In order to help customers realise a quick return on their investment and promote business growth, profitability, efficiency, and success, the company provides mission-critical, industry-specific software solutions employing a customer-centric approach and merging cutting-edge technologies. Complete acquisition of Sanderson Farms by Cargill and Continental Grain.
*Definition: Herbal supplements, also known as a Botanical products, have numerous health benefits with strong effects on the body. These products are intended to maintain various health problems but are not helpful in treating any illness or disease.
