| Product Code: ETC5821055 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The Maldives continues to see a strong demand for herbal supplements, with top exporting countries in 2024 being the UK, USA, India, Sri Lanka, and Malaysia. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stands at an impressive 12.87%. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting opportunities for market players to differentiate their offerings and capture a larger market share in the Maldives herbal supplements sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Herbal Supplements Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Herbal Supplements Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Herbal Supplements Market - Industry Life Cycle |
3.4 Maldives Herbal Supplements Market - Porter's Five Forces |
3.5 Maldives Herbal Supplements Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Maldives Herbal Supplements Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Maldives Herbal Supplements Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.8 Maldives Herbal Supplements Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Maldives Herbal Supplements Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing consumer awareness and preference for natural and organic products |
4.2.2 Increasing focus on health and wellness, leading to a rise in demand for herbal supplements |
4.2.3 Government initiatives promoting traditional herbal remedies and products |
4.3 Market Restraints |
4.3.1 Lack of regulatory framework and quality control measures in the herbal supplements industry |
4.3.2 Limited availability of locally sourced herbal ingredients |
4.3.3 Competition from pharmaceutical drugs and other alternative health products |
5 Maldives Herbal Supplements Market Trends |
6 Maldives Herbal Supplements Market Segmentations |
6.1 Maldives Herbal Supplements Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Maldives Herbal Supplements Market Revenues & Volume, By Leaves, 2021-2031F |
6.1.3 Maldives Herbal Supplements Market Revenues & Volume, By Barks, 2021-2031F | 6.1.5 Maldives Herbal Supplements Market Revenues & Volume, By Fruits & Vegetables, 2021-2031F |
6.1.5 Maldives Herbal Supplements Market Revenues & Volume, By Roots, 2021-2031F |
6.2 Maldives Herbal Supplements Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Maldives Herbal Supplements Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.3 Maldives Herbal Supplements Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.4 Maldives Herbal Supplements Market Revenues & Volume, By Personal Care, 2021-2031F |
6.3 Maldives Herbal Supplements Market, By Function |
6.3.1 Overview and Analysis |
6.3.2 Maldives Herbal Supplements Market Revenues & Volume, By Medicinal , 2021-2031F |
6.3.3 Maldives Herbal Supplements Market Revenues & Volume, By Aroma, 2021-2031F |
6.4 Maldives Herbal Supplements Market, By Form |
6.4.1 Overview and Analysis | 6.4.2 Maldives Herbal Supplements Market Revenues & Volume, By Capsules & tablets, 2021-2031F |
6.4.3 Maldives Herbal Supplements Market Revenues & Volume, By Powder, 2021-2031F |
6.4.4 Maldives Herbal Supplements Market Revenues & Volume, By Syrups, 2021-2031F |
6.4.5 Maldives Herbal Supplements Market Revenues & Volume, By Oils, 2021-2031F |
7 Maldives Herbal Supplements Market Import-Export Trade Statistics |
7.1 Maldives Herbal Supplements Market Export to Major Countries |
7.2 Maldives Herbal Supplements Market Imports from Major Countries |
8 Maldives Herbal Supplements Market Key Performance Indicators |
8.1 Consumer satisfaction and repeat purchase rate |
8.2 Number of new product launches and innovations in the herbal supplements market |
8.3 Percentage of consumers switching from synthetic supplements to herbal supplements. |
9 Maldives Herbal Supplements Market - Opportunity Assessment |
9.1 Maldives Herbal Supplements Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Maldives Herbal Supplements Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Maldives Herbal Supplements Market Opportunity Assessment, By Function, 2021 & 2031F |
9.4 Maldives Herbal Supplements Market Opportunity Assessment, By Form, 2021 & 2031F |
10 Maldives Herbal Supplements Market - Competitive Landscape |
10.1 Maldives Herbal Supplements Market Revenue Share, By Companies, 2024 |
10.2 Maldives Herbal Supplements Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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