Botanical Supplements Market Size, Share, Forecast, & Trends Analysis
Meticulous Research®—a
leading global market research company, published a research report titled ‘Botanical
Supplements Market—Global Opportunity Analysis and Industry Forecast
(2025-2032)’. According to this latest publication, the botanical supplements
market is expected to reach $81.6
billion by 2032, at a CAGR of 6.9% of 2025-2032.
The botanical
supplements market is experiencing growth driven by several factors, including
rising health expenditures, an increasing vegan and vegetarian population,
growing demand for natural or organic supplements, and increased product
innovation among various botanical supplement manufacturers. However, issues
such as the high cost of products and the widespread availability of
substitutes may hinder market growth.
In addition, growing
awareness of health and wellness and the emergence of developing countries
create growth opportunities for market players. The market faces
substantial challenges, including fluctuation in raw material availability and
stringent regulation. Moreover, a prominent trend in the botanical supplements
market is the rising adoption of clean-label products.
Key Players:
The botanical
supplements market is characterized by a moderately competitive scenario due to
the presence of many large- and small-sized global, regional, and local
players. The key players operating in the Botanical Supplements market are
Dabur India Limited (India), Nature’s Bounty (U.S.), Ricola AG. (Switzerland),
Mondelēz International, Inc. (U.S.), The Procter & Gamble Company (U.S.),
Nutraceutical International Corporation (U.S.), BASF SE (Germany), The Himalaya
Drug Company (India), Glanbia plc (Ireland), Botanicalife International of
America, Inc. (U.S.), Blackmores Limited (Australia), Amway Corp. (U.S.), and
GNC Holdings Inc. (U.S.).
The botanical
supplements market is segmented based on source, form, application, and
distribution channel. The report also evaluates industry competitors and
analyzes the botanical supplements market at the regional and country levels.
Among the sources
studied in this report, the
spices segment is anticipated to dominate the botanical supplements market in
2025. This segment holds a large market share primarily due to its popularity,
attributed to numerous health benefits and potent bioactive ingredients. Many
spices offer antioxidant, anti-inflammatory, and antibacterial effects. For
example, turmeric is a key spice commonly used in various products because of
its curcumin content, which has strong anti-inflammatory properties and may
play a role in the treatment of several diseases, including cancer.
Among the forms
studied in this report, the
tablets segment is anticipated to dominate the botanical supplements market in
2025. This large market share is attributed to strong consumer preference for
tablets, which are favored for their convenience, ease of consumption, and
availability in various dosages. Additionally, advancements in production
technology for tablet formation and the increasing range of tablet-form
products offered by various manufacturers are expected to further drive market
growth.
Among the
applications studied in this report, the energy & weight management segment is anticipated to
dominate the botanical supplements market in 2025. The large market share of
this segment is attributed to the increasing prevalence of cardiovascular
diseases, diabetes, and obesity. This rise in health issues has led to greater
participation in physical activities and weight loss programs, further driving
the adoption of botanical supplements. These supplements, including garcinia
cambogia, green tea extract, cayenne pepper, aloe vera, and senna, aid in
appetite suppression, fat storage inhibition, metabolic rate enhancement, and
fat oxidation. Additionally, ginseng, sage, and guarana-based supplements boost
physical stamina, reduce fatigue, alleviate stress-related tiredness, and
enhance energy levels.
Among the
distribution channels studied in this report, the drug stores/pharmacies segment is anticipated to dominate the
botanical supplements market in 2025. This segment's large market share is
attributed to the widespread availability of specialized drug stores and
pharmacies in specific areas, providing convenience for the geriatric
population. These outlets facilitate access to professional advice, helping
consumers make informed purchasing decisions. Additionally, this channel
features reputable brands that comply with safety and quality standards, addressing
concerns about counterfeit products, which further boosts market growth.
This research report
analyzes major geographies and provides a comprehensive analysis of North
America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, Poland,
Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, South
Korea, Australia, Indonesia, Malaysia, and Rest of Asia-Pacific), Latin America
(Brazil, Mexico, Argentina, and Rest of Latin America), and the Middle East
& Africa (Saudi Arabia, South Africa, UAE, and Rest of Middle East &
Africa).
Among the
geographies studied in this report, North America is anticipated to dominate the botanical supplements
market in 2025, followed by Asia-Pacific, Europe, Latin America, and the Middle
East & Africa. The large share of this regional market is attributed to
several factors, including increased awareness of health and well-being, the
increasing prevalence of various chronic conditions, a rise in the use of
dietary supplements, a growing preference for natural and organic options, and
advancements in nutrition and technology.
Download Sample
Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6053
Key Questions
Answered in the Report-
- What is the value of revenue generated by
the sale of botanical supplements?
- At what rate is the global demand for
botanical supplements projected to grow for the next five to seven years?
- What is the historical market size and
growth rate for the botanical supplements market?
- What are the major factors impacting the
growth of this market at global and regional levels?
- What are the major opportunities for
existing players and new entrants in the market?
- Which source, form, application, and
distribution channel segments create major traction for the manufacturers
in this market?
- What are the key geographical trends in
this market? Which regions/countries are expected to offer significant
growth opportunities for the manufacturers operating in the botanical
supplements market?
- Who are the major players in the botanical
supplements market? What are their specific product offerings in this
market?
- What recent developments have taken place
in the botanical supplements market? What impact have these strategic
developments created on the market?
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Comments
Post a Comment