The global demand for Botanical Supplements Market is presumed to reach the market size of nearly USD 80.91 BN by 2028 from USD 41.25 BN in 2021 with a CAGR of 10.1% under the study period 2022 - 2028.
Botanical supplements are nutritional supplements derived from plants or plant parts that are used for medicinal and therapeutic applications. Botanical-based products, often known as photomedicine, treat and prevent various illnesses and disorders. Plants have been used medicinally for many years. Therefore botanical supplements serve as organic alternatives for hormone replacement treatment. Botanical supplements provide organic approaches to boost prostate health, cognitive function and cognitive performance, ligament and joint tissue health, and cardiovascular health. Botanical supplements are used in cosmetics products, hygiene, medicines, agribusiness, and other industries.
Market Dynamics
People are turning to health-improving botanical supplements due to rising health awareness, increased focus on quality healthcare, and growing diet-related concerns. Government and non-government groups that have supported initiatives to promote botanical supplements have helped to increase the market. The market for botanical supplements is expanding as studies demonstrate that they can enhance women's health, ailments, old age well-being, and hormonal balance. Many manufacturers are investing in botanical supplements as customer preferences change from pharmaceutical medicines to natural products with fewer adverse effects than synthetic ones. The availability of alternatives and the complications associated with evaluating active components and their impact on biological conditions may hamper the market growth of botanical supplements.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of botanical supplements. The growth and trends of botanical supplements industry provide a holistic approach to this study.
Market Segmentation
This section of the botanical supplements market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source
- Herbs
- Leaves
- Spices
- Flowers
- Others
By Form
- Powder
- Liquid
- Tablets
- Capsules
- Gummies
- Others
By Application
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-Cancer
- Others
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Botanical Supplements market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Botanical Supplements Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the botanical supplements market include Dabur India, NBTY Inc., Ricola AG., Mondelez International, Procter and Gamble, Nutraceutical International Company, BASF SE, The Himalaya Drug Company, Glanbia Nutritionals, Botanicalife International of America Inc., Blackmores Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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