Botanical Supplement Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Source (Herbs, Leaves, Flowers, Roots, 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 (Offline, Online), By Region, By Competition Forecast & Opportunities

  • Industry : Healthcare
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 27.69 billion

CAGR (2023-2028)

7.63%

Fastest Growing Segment

Powder

Largest Market

North America


Market Overview

Global Botanical Supplement Market has valued at USD 27.69 billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.63% through 2028. The Global Botanical Supplement Market refers to the worldwide industry dedicated to the production and sale of dietary supplements derived from various plant sources. These supplements often include extracts, powders, capsules, and other forms of plant-based ingredients and are used to promote health and wellness.

Key Market Drivers

Growing Consumer Awareness

Consumer awareness plays a pivotal role in shaping market dynamics across various industries. In recent years, the global botanical supplement market has witnessed a significant surge in consumer awareness regarding the benefits of natural and herbal products. This heightened awareness is a powerful force driving the growth of the market. Consumer awareness begins with understanding. As consumers become more educated about botanical supplements, they gain insights into the unique qualities of these products. Botanical supplements are derived from plant-based sources, such as herbs, fruits, vegetables, and roots, making them a natural and holistic option for improving health. Understanding the origins and composition of these supplements helps consumers make informed choices about their well-being. Growing consumer awareness aligns with a broader societal shift toward natural and holistic approaches to health. People are increasingly looking for alternatives to synthetic pharmaceuticals and chemical-laden products. They are drawn to botanical supplements because they perceive them as safe, sustainable, and in harmony with nature. This shift in consumer preferences is propelling the botanical supplement market forward.

The rise in consumer awareness has led individuals to adopt a preventive healthcare mindset. Rather than waiting for health issues to arise, consumers are taking proactive steps to maintain and improve their well-being. Botanical supplements, with their diverse range of natural ingredients, are seen as valuable tools for preventing health problems and supporting overall wellness. This preventive approach is a significant driver of market growth. Consumers are increasingly using botanical supplements to address specific health concerns. As they become more aware of the potential benefits of different botanicals, they are choosing products tailored to their unique needs. For example, some consumers may turn to botanical supplements like echinacea for immune support, while others may opt for ginseng to boost energy and vitality. The ability to target specific health goals is a compelling factor that fuels market expansion. Growing consumer awareness has instilled trust in natural remedies. Consumers believe that botanical supplements, with their centuries-old history of use in traditional medicine, offer effective solutions to health issues. The perception of botanical supplements as time-tested and reliable contributes to their popularity. Consumer trust in the efficacy and safety of these products is a driving force behind market growth. Information channels, including the internet, social media, and health-focused publications, have played a pivotal role in disseminating knowledge about botanical supplements. Consumers have access to a wealth of information about the benefits, uses, and safety of these products. They can research and compare different botanical supplements, empowering them to make well-informed choices.

Shift Toward Preventive Healthcare

The global healthcare landscape is undergoing a transformation, with an increasing focus on preventive measures to maintain health and well-being. This paradigm shift toward preventive healthcare is not only changing how individuals approach their health but also influencing the growth of the global botanical supplement market. Preventive healthcare centers around proactively taking measures to prevent illness and maintain optimal health. It emphasizes lifestyle choices, nutrition, and natural remedies as key components of well-being. As people become more health-conscious, there is a growing interest in supplements that support preventive health strategies. Botanical supplements, derived from natural plant sources, align perfectly with this approach. The shift toward preventive healthcare goes hand-in-hand with a broader cultural emphasis on holistic wellness. Individuals are no longer satisfied with merely addressing symptoms or managing illnesses; they aspire to achieve holistic well-being encompassing physical, mental, and emotional health. Botanical supplements are seen as a holistic solution that promotes overall wellness, making them increasingly popular among those seeking a comprehensive approach to health.

Consumers are seeking natural and safe alternatives to conventional pharmaceuticals. They are wary of potential side effects and long-term consequences associated with synthetic drugs. Botanical supplements, being derived from plant-based sources, are perceived as safer and less likely to cause adverse reactions. This safety aspect makes them an attractive choice for preventive health measures. Botanical supplements offer a wide array of natural ingredients, each with unique health benefits. Consumers can choose supplements that align with their specific health goals, whether it's bolstering the immune system, enhancing cognitive function, supporting cardiovascular health, or managing stress. This personalized approach to nutrition and wellness resonates with individuals seeking preventive solutions. In the wake of global health crises, such as the COVID-19 pandemic, there has been a heightened awareness of the importance of a robust immune system. Many botanical supplements, like echinacea, elderberry, and garlic, are known for their immune-boosting properties. As preventive healthcare emphasizes strengthening the immune system, these supplements have gained significant traction. Preventive healthcare encourages healthy lifestyles, including balanced diets, regular exercise, and stress management. Botanical supplements complement these efforts by providing additional nutritional support.

Consumers view them as a way to fill potential nutrient gaps and enhance their overall wellness strategies. The efficacy of botanical supplements is increasingly supported by scientific research and clinical studies. As more evidence emerges regarding the health benefits of specific botanicals, consumers are more inclined to incorporate these supplements into their preventive healthcare routines. Scientific validation bolsters consumer confidence in the effectiveness of botanical supplements.

Accessibility Through Multiple Channels

Accessibility plays a pivotal role in expanding markets and reaching a wider consumer base. In the context of the global botanical supplement market, the availability of products through multiple distribution channels is a key factor fueling its growth. The botanical supplement market benefits from a diverse array of distribution channels, ensuring that consumers have multiple avenues to access these products. This diversity includes traditional brick-and-mortar stores, e-commerce platforms, pharmacies, health food stores, and even direct sales channels. These varied options cater to a broad spectrum of consumer preferences and needs. E-commerce platforms have revolutionized the way consumers shop for botanical supplements. Online retailers offer the convenience of shopping from the comfort of one's home, and they provide an extensive selection of products. This convenience factor, coupled with the ability to browse and compare products easily, encourages consumers to explore and purchase botanical supplements. In regions with limited access to physical stores, e-commerce bridges the gap. People living in rural or remote areas, where health stores may be scarce, can still obtain botanical supplements through online channels. This accessibility democratizes health and wellness options, ensuring that individuals from all geographic locations can benefit from these products. Physical health food stores and pharmacies offer the advantage of in-store expertise. Knowledgeable staff can provide guidance and recommendations to consumers seeking specific botanical supplements for their health goals. This personalized assistance enhances the shopping experience and builds trust in the products.

Some botanical supplement brands collaborate with healthcare professionals and practitioners, making their products available through clinics and wellness centers. This strategy not only ensures accessibility but also fosters trust among consumers who value the endorsement of healthcare experts. Dedicated health and wellness stores are another crucial distribution channel for botanical supplements. These stores specialize in products designed to support healthy lifestyles and offer a curated selection of botanical supplements that align with consumer preferences for natural and holistic health solutions. Botanical supplements have also found their way onto the shelves of supermarkets and grocery stores. This mainstream availability introduces these products to a broader audience who may not actively seek out health food stores or specialty retailers. Direct sales and multi-level marketing (MLM) companies have embraced botanical supplements as part of their product portfolios. Representatives often sell these supplements directly to consumers, creating a personalized buying experience. This approach can be particularly effective in building trust and customer loyalty. The availability of botanical supplements through diverse channels has facilitated international expansion for many companies. Brands can reach global markets more efficiently through e-commerce and partnerships with international distributors, further contributing to market growth.

Research and Development

The global botanical supplement market has witnessed remarkable growth in recent years, driven in large part by ongoing research and development efforts. As consumers increasingly seek natural and holistic health solutions, the role of scientific innovation cannot be overstated. Research and development (R&D) efforts are essential for substantiating the health claims associated with botanical supplements. Scientific studies and clinical trials provide empirical evidence of the benefits and safety of these products. This validation is crucial for building consumer trust and confidence in botanical supplements. R&D activities in the botanical supplement market extend to the discovery and exploration of new plant-based ingredients. Researchers and scientists are continually seeking novel botanicals with unique health properties. The introduction of these innovative ingredients diversifies product offerings and attracts consumers looking for the latest natural solutions.

One of the strengths of botanical supplements lies in their versatility. R&D teams work to develop customized formulations that address specific health concerns. This tailored approach allows companies to cater to a wide range of consumer needs, from immune support and stress management to cognitive enhancement and weight management. R&D also plays a crucial role in ensuring the quality and safety of botanical supplements. Companies invest in research to establish quality control standards, identify potential contaminants, and optimize manufacturing processes. These efforts are vital for meeting regulatory requirements and delivering high-quality products to consumers. Innovations in R&D have led to the development of advanced delivery systems for botanical supplements. These include improved absorption mechanisms, controlled-release capsules, and novel dosage forms.

Enhanced delivery systems make supplements more effective and convenient for consumers. Botanical supplements often rely on the extraction of active compounds from plant sources. R&D continually explores and refines extraction techniques to maximize the concentration and bioavailability of beneficial compounds. This ensures that consumers receive the full potential of botanical ingredients. Environmental sustainability is a growing concern in the supplement industry. R&D teams are researching sustainable sourcing practices to minimize the ecological impact of botanical ingredient production. This aligns with consumer preferences for eco-friendly products and contributes to the market's growth. Botanical supplement manufacturers invest in R&D to ensure compliance with evolving regulatory standards. Staying up to date with regulations ensures that products are labeled accurately and meet safety and quality requirements. This fosters consumer confidence in the industry. Innovation is a driving force behind the growth of the botanical supplement market. R&D teams are continually seeking ways to differentiate products through unique formulations, combinations of botanicals, and value-added features. These innovations attract consumers looking for cutting-edge health solutions.


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Key Market Challenges

Quality Control and Standardization

One of the foremost challenges facing the botanical supplement market is maintaining consistent quality and standardization. The variability in the composition of natural ingredients poses challenges in ensuring that each product contains the specified level of active compounds. This issue can undermine consumer trust and safety.

Safety Concerns and Adulteration

Adulteration and contamination are significant concerns within the industry. Some unscrupulous suppliers may mix botanical supplements with substandard or harmful ingredients. Ensuring the safety and purity of botanical supplements is a continual challenge for manufacturers and regulatory bodies.

Lack of Regulatory Consistency

Regulatory frameworks governing botanical supplements vary from country to country. This lack of consistency can be confusing for both consumers and manufacturers. Companies often need to navigate a complex web of regulations, making it difficult to market their products globally.

Health Claims and Scientific Substantiation

Botanical supplements often come with health claims, and substantiating these claims through scientific research can be time-consuming and costly. Meeting regulatory requirements for health claims in different regions adds another layer of complexity, making it challenging for companies to communicate the benefits of their products.

Key Market Trends

Personalized Nutrition with Botanicals

Personalization is a significant trend across the entire health and wellness industry. In the botanical supplement market, this translates into tailored solutions that match individual health needs. Companies are increasingly offering botanical supplements formulated for specific health concerns, such as stress management, sleep support, or digestive health. This trend extends to personalized dosages and ingredient combinations, providing consumers with precise and effective solutions.

Innovative Delivery Formats

Consumers are demanding more convenient and effective delivery formats for botanical supplements. Beyond traditional capsules and tablets, manufacturers are exploring innovations like gummies, powders, dissolvable strips, and beverages. These new formats offer versatility and enhanced absorption, making it easier for consumers to incorporate botanical supplements into their daily routines.

Functional Blends

Blending different botanical ingredients to create functional formulations is gaining traction. Companies are combining herbs, fruits, and other plant-based ingredients known for their complementary health benefits. These blends are designed to address multiple health concerns simultaneously, offering consumers a holistic approach to wellness.

Emerging Superfoods

The fascination with superfoods continues to drive innovation in the botanical supplement market. Lesser-known superfoods, such as moringa, ashwagandha, and baobab, are gaining popularity for their potent nutritional profiles and health benefits. These ingredients are being incorporated into supplements to provide consumers with a diverse range of nutrients.

Segmental Insights

Source Insights

Based on the category of Source, the leaf-based segment dominated the market in terms of revenue in 2022. This was driven by a shift in lifestyles and a growing trend of exploring new and unique foods, leading to an increased demand for herbal supplements derived from leaves. There has also been a significant increase in research and development focused on various herbal plants, particularly for their immune-boosting and other health benefits. Among the various sources of botanical ingredients, herbal leaves stand out as the most widely utilized.

The surge in the use of herbal leaves aligns with the rising consumer interest and familiarity with Ayurveda, a traditional Indian medicinal system. Moreover, basil, for instance, has found extensive application as a food ingredient, such as in curries. In Ayurveda, basil has been employed medicinally to address a wide range of health concerns, including joint pain, inflammation, ulcers, kidney and liver disorders, as well as respiratory conditions, among others.

Form Insights

In 2022, the tablet segment emerged as the leader in the market. The market's expansion can be attributed to the increasing preference among consumers for tablets and capsules due to their convenience of consumption. Additionally, the robust growth of the pharmaceutical industry in emerging nations like China and India has driven the demand for tablets within the herbal supplements sector.

Looking ahead, the powder segment is expected to maintain its prominence throughout the forecast period. This is because nutraceutical companies are investing in the production of energy-mix products for health and wellness applications. The growth of the powder segment is linked to the rising demand for energy-mix powders among bodybuilders and athletes. Moreover, dietary product manufacturers like Amway have introduced powder-based products, branded as NUTRILITE, which can be easily consumed with beverages and milk products.

Furthermore, the gummies segment presents a significant growth opportunity for manufacturers due to their more appealing nature compared to traditional pills.


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Regional Insights

In 2022, North America took the lead in the market. The primary driver of industry growth in this region is the rising awareness surrounding supplements containing botanical components, alongside an increasing consumption of dietary supplements.

Moreover, the region is poised for substantial growth due to growing awareness, the surge in veganism, and high levels of obesity, which often entail diets devoid of animal-based products. Additionally, the aging population in North American countries has resulted in significant healthcare spending.

Looking ahead, the Asia Pacific region is expected to experience the most significant growth between 2023 and 2028. This growth can be attributed to the strong preference for botanical and herbal products in Asian nations like India, China, and Japan. The region is also a major producer and exporter of herbs worldwide, and the escalating demand for medicinal and herbal ingredients is a pivotal factor driving market expansion in this area.

Recent Developments

In January 2021, Prorganiq introduced an exclusive line of high-quality herbal and botanical supplements. This innovative release of Prorganiq's pure and potent herbal supplements is geared towards enhancing overall health and assisting individuals in achieving a healthier body through entirely natural methods.

Key Market Players

  • Dabur India Ltd.
  • Nature's Bounty Co/The
  • Ricola AG
  • Mondelez International, Inc.
  • Procter & Gamble Co/The
  • Nutraceutical International Corp
  • BASF SE
  • Himalaya Wellness Company
  • Glanbia Nutritionals Inc
  • Blackmores Ltd

By Source

By Form

By Application

By Distribution Channel

By Region

Herbs

Leaves

Flowers

Roots

Others

Powder

Liquid

Tablets

Capsules

Gummies

Others

Energy & Weight Management

General Health

Bone & Joint Health

Gastrointestinal Health

Immunity

Cardiac Health

Diabetes

Anti-cancer

Others

Offline

Online

North America

Europe

Asia-Pacific

South America

Middle East & Africa


Report Scope:

In this report, the Global Botanical Supplement Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Botanical Supplement Market, By Source:

o   Herbs

o   Leaves

o   Flowers

o   Roots

o   Others

  • Botanical Supplement Market, By Form:

o   Powder

o   Liquid

o   Tablets

o   Capsules

o   Gummies

o   Others

  • Botanical Supplement Market, By Application:

o   Energy & Weight Management

o   General Health

o   Bone & Joint Health

o   Gastrointestinal Health

o   Immunity

o   Cardiac Health

o   Diabetes

o   Anti-cancer

o   Others

  • Botanical Supplement Market, By Distribution Channel:

o   Offline

o   Online

  • Botanical Supplement Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   Asia-Pacific

§  China

§  Japan

§  India

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Botanical Supplement Market.

Available Customizations:

Global Botanical Supplement market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Botanical Supplement Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.   Markets Covered

1.4. Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Botanical Supplements Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Source (Herbs, Leaves, Flowers, Roots, Others)

5.2.2.    By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others)

5.2.3.    By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Others)

5.2.4.    By Distribution Channel (Offline, Online)

5.2.5.    By Region

5.2.6.    By Company (2022)

5.3.  Product Market Map

5.3.1.    By Source

5.3.2.    By Form

5.3.3.    By Application

5.3.4.    By Distribution Channel

5.3.5.    By Region

6.    North America Botanical Supplements Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Source (Herbs, Leaves, Flowers, Roots, Others)

6.2.2.    By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others)

6.2.3.    By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Others)

6.2.4.    By Distribution Channel (Offline, Online)

6.2.5.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Botanical Supplements Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Source

6.3.1.2.2.            By Form

6.3.1.2.3.            By Application

6.3.1.2.4.            By Distribution Channel

6.3.2.    Canada Botanical Supplements Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Source

6.3.2.2.2.            By Form

6.3.2.2.3.            By Application

6.3.2.2.4.            By Distribution Channel

6.3.3.    Mexico Botanical Supplements Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Source

6.3.3.2.2.            By Form

6.3.3.2.3.            By Application

6.3.3.2.4.            By Distribution Channel

7.    Europe Botanical Supplements Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Source (Herbs, Leaves, Flowers, Roots, Others)

7.2.2.    By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others)

7.2.3.    By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Others)

7.2.4.    By Distribution Channel (Offline, Online)

7.2.5.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Botanical Supplements Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Source

7.3.1.2.2.            By Form

7.3.1.2.3.            By Application

7.3.1.2.4.            By Distribution Channel

7.3.2.    United Kingdom Botanical Supplements Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Source

7.3.2.2.2.            By Form

7.3.2.2.3.            By Application

7.3.2.2.4.            By Distribution Channel

7.3.3.    France Botanical Supplements Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Source

7.3.3.2.2.            By Form

7.3.3.2.3.            By Application

7.3.3.2.4.            By Distribution Channel

7.3.4.    Italy Botanical Supplements Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Source

7.3.4.2.2.            By Form

7.3.4.2.3.            By Application

7.3.4.2.4.            By Distribution Channel

7.3.5.    Spain Botanical Supplements Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Source

7.3.5.2.2.            By Form

7.3.5.2.3.            By Application

7.3.5.2.4.            By Distribution Channel

8.    Asia-Pacific Botanical Supplements Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Source (Herbs, Leaves, Flowers, Roots, Others)

8.2.2.    By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others)

8.2.3.    By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes,         Anti-cancer, Others)

8.2.4.    By Distribution Channel (Offline, Online)

8.2.5.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Botanical Supplements Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Source

8.3.1.2.2.            By Form

8.3.1.2.3.            By Application

8.3.1.2.4.            By Distribution Channel

8.3.2.    Japan Botanical Supplements Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Source

8.3.2.2.2.            By Form

8.3.2.2.3.            By Application

8.3.2.2.4.            By Distribution Channel

8.3.3.    India Botanical Supplements Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Source

8.3.3.2.2.            By Form

8.3.3.2.3.            By Application

8.3.3.2.4.            By Distribution Channel

8.3.4.    Australia Botanical Supplements Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.            By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.            By Source

8.3.4.2.2.            By Form

8.3.4.2.3.            By Application

8.3.4.2.4.            By Distribution Channel

8.3.5.    South Korea Botanical Supplements Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.            By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.            By Source

8.3.5.2.2.            By Form

8.3.5.2.3.            By Application

8.3.5.2.4.            By Distribution Channel

9.    South America Botanical Supplements Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Source (Herbs, Leaves, Flowers, Roots, Others)

9.2.2.    By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others)

9.2.3.    By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Others)

9.2.4.    By Distribution Channel (Offline, Online)

9.2.5.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Botanical Supplements Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Source

9.3.1.2.2.            By Form

9.3.1.2.3.            By Application

9.3.1.2.4.            By Distribution Channel

9.3.2.    Argentina Botanical Supplements Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Source

9.3.2.2.2.            By Form

9.3.2.2.3.            By Application

9.3.2.2.4.            By Distribution Channel

9.3.3.    Colombia Botanical Supplements Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Source

9.3.3.2.2.            By Form

9.3.3.2.3.            By Application

9.3.3.2.4.            By Distribution Channel

10.  Middle East and Africa Botanical Supplements Market Outlook

10.1.   Market Size & Forecast         

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Source (Herbs, Leaves, Flowers, Roots, Others)

10.2.2. By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others)

10.2.3. By Application (Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Others)

10.2.4. By Distribution Channel (Offline, Online)

10.2.5. By Country

10.3.   MEA: Country Analysis

10.3.1. South Africa Botanical Supplements Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Source

10.3.1.2.2.         By Form

10.3.1.2.3.         By Application

10.3.1.2.4.         By Distribution Channel

10.3.2. Saudi Arabia Botanical Supplements Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Source

10.3.2.2.2.         By Form

10.3.2.2.3.         By Application

10.3.2.2.4.         By Distribution Channel

10.3.3. UAE Botanical Supplements Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Source

10.3.3.2.2.         By Form

10.3.3.2.3.         By Application

10.3.3.2.4.         By Distribution Channel

10.3.4. Kuwait Botanical Supplements Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Source

10.3.4.2.2.         By Form

10.3.4.2.3.         By Application

10.3.4.2.4.         By Distribution Channel

11.  Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.  Market Trends & Developments

12.1.   Recent Development

12.2.   Mergers & Acquisitions

12.3.   Product Launches

13.  Porter’s Five Forces Analysis

13.1.   Competition in the Industry

13.2.   Potential of New Entrants

13.3.   Power of Suppliers

13.4.   Power of Customers

13.5.   Threat of Substitute Products

14.  Competitive Landscape

14.1.   Business Overview

14.2.   Product Offerings

14.3.   Recent Developments

14.4.   Financials (As Reported)

14.5.   Key Personnel

14.6.   SWOT Analysis

14.6.1. Dabur India Ltd.

14.6.2. Nature's Bounty Co/The

14.6.3. Ricola AG

14.6.4. Mondelez International, Inc.

14.6.5. Procter & Gamble Co/The

14.6.6. Nutraceutical International Corp

14.6.7. BASF SE

14.6.8. Himalaya Wellness Company

14.6.9. Glanbia Nutritionals Inc

14.6.10.                Blackmores Ltd

15.  Strategic Recommendations

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Botanical Supplement Market was estimated to be USD 27.69 billion in 2022.

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Dabur India Ltd., Nature's Bounty Co/The, Ricola AG, Mondelez International, Inc., Procter & Gamble Co/The, Nutraceutical International Corp, BASF SE, Himalaya Wellness Company, Glanbia Nutritionals Inc, Blackmores Ltd are some of the key players operating in the Global Botanical Supplement Market.

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Quality control and standardization, lack of regulatory consistency, health claims and scientific substantiation, are some of the major challenges faced by the Global Botanical Supplement Market in the upcoming years.

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Growing consumer awareness and accessibility through multiple channels are the major drivers for the Global Botanical Supplement Market.

Related Reports

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Sakshi Bajaal

Business Consultant
Press Release

Botanical Supplement Market to Grow with a CAGR of 9.25% through 2028

Sep, 2023

Increase in preventive healthcare, and the desire for clean and natural products is expected to drive the Global Botanical Supplement Market growth in the forecast period, 2024-2028.

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