Global Botanical Supplements Market Outlook, Opportunities And Strategies – Includes Botanical Supplements Industry
Learn about the global botanical supplements market through The Business Research Company, which provides information on botanical supplements market size, botanical supplements market drivers and restraints, botanical supplements market players, the COVID-19 impact on the botanical supplements market, and more.
The global botanical supplements market size is expected to grow from $48.01 billion in 2021 to $51.48 billion in 2022 at a compound annual growth rate (CAGR) of 7.24%. The growth in the market is mainly due to the companies’ rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global botanical supplement market size is expected to reach $69.33 billion in 2026 at a CAGR of 7.72%.
The increasing number of health-conscious consumers is significantly driving the growth of the botanical supplements market.
Request A Sample For The Global Botanical Supplements Market Report:
The botanical supplement market consists of sales of botanical supplements by entities (organizations, sole traders, and partnerships) that manufacture and sell a wide range of health products made from plants, including their oils, roots, seeds, berries, and flowers. A botanical is a plant or plant part that has medical or therapeutic characteristics, as well as flavour and aroma. Botanical supplements are made from botanicals that are used to maintain and improve health.
Global Botanical Supplements Market Segments Include:
By Source: Herbs, Leaves, Spices, Flowers, Others
By Form: Powder, Liquid, Tablets, Capsules, Gummies, Others
By Application: Energy and Weight Management, Bone and Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-Cancer, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the botanical supplements market in 2021.
Strategic collaborations between companies are a key trend gaining popularity in the botanical supplement market. Companies manufacturing botanical supplements are undergoing partnerships and collaborations to develop new technologies and products.
Major Market Players: The Himalaya Drug Company, Blackmores Limited, Glanbia Nutritionals, Gaia Herbs LLC, Amway Corporation, Ricola AG, Procter and Gamble, Bio-Botanica Inc, Herbalife Nutrition, The Nature’s Bounty Co., Archer Daniels Midland Company (ADM), MMJ International Holdings, Pharmavite LLC, and Prinova Group
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Botanical Supplements Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides botanical supplements market overviews, analyzes and forecasts market size, share, botanical supplements market players, botanical supplements market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s botanical supplements market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here Is A List Of Similar Reports From The Business Research Company:
Interested To Know More About The Business Research Company?
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
Read more about us at https://www.thebusinessresearchcompany.com/about-the-business-research-company.aspx
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Follow us on Twitter: https://twitter.com/tbrc_info
Check out our Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on: