According to Food Supplements Europe, 52% of European consumers take supplements to maintain their overall health.ĭata about the market for herbal medicinal products are limited. Europe is expected to become the third-largest market for food supplements, after Asia-Pacific and North America. This market is projected to grow by 5.5% annually between 20. In 2020, the European market for food supplements was valued at US$15 billion.
This translates into opportunities for exporters of ingredients used in such final products. Though data about the combined total size of these market segments are limited, market researchers predict strong and growing interest in alternative medicine and related demand in Europe. Natural ingredients for health products are mainly used in food supplements and herbal medicinal products, also called alternative medicine. Strong and growing European demand for health products Sustainable sourcing is increasingly important in this market. The market is forecast to grow as consumer interest in natural health products continues. It is an important market for food supplements and herbal medicinal products. What makes Europe an interesting market for natural ingredients for health products?Įurope is a significant producer, importer and consumer of health products. Ginger is used as both a spice in the food market and in food supplements and herbal medicinal products.Ģ. Ginger is the irregularly shaped root (rhizome) of the ginger plant ( Zingiber officinale).
The active substance of turmeric, curcumin, has multiple therapeutic properties including anti-inflammatory, antioxidant and cancer prevention. Turmeric ( Curcuma longa) is a species of the Curcuma genus in the Zingiberaceae family.
Most edible seaweed is marine seaweed, which is part of many coastal cuisines. Seaweed varies in colour from red to black. Seaweed refers to a number of species of macroscopic, multicellular and marine algae which grow along rocky shorelines around the world. Seaweeds and other algae fit for human consumption Examples of botanical extracts include aloe vera extract and turmeric extract.
BIGGEST EXPORTER OF MEDICINE IN WORLD CODE
Generally, the original plant components are unchanged, though botanical extracts have higher concentrations of actives or nutrients. HS code 130219 excludes liquorice, hops and opium. Examples of essential oils traded under HS code 330129 are patchouli, frankincense and ylang-ylang.īotanical extracts are derived from processing MAPs, herbs or spices using a solvent.
HS code 330129 is defined as “other essential oils’’ and excludes citrus fruit and mint oils. Examples include rosemary and hibiscus.Įssential oils are extracted from plants by steam or water distillation. This product group excludes ginseng root, coca leaf, poppy straw and ephedra. Medicinal and aromatic plants (MAPs) are botanical raw materials that are mostly utilised for therapeutic and aromatic purposes in health products as well as cosmetic products. Harmonised System code (used in international trade data) Table 1: Description of natural ingredients for health products with European market potential Seaweeds and algae (spirulina and chlorella).Natural ingredients with the highest potential in the European health products market include: Which products from developing countries have most potential on the European market?įor this report, health products are defined as food supplements and herbal medicinal products.Which European markets offer most opportunities for natural ingredients for health products?.What makes Europe an interesting market for natural ingredients for health products?.
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