Botanical Supplements Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Botanical Supplements Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2020 | Food and Beverages | PPT format

Report Digest

Global Botanical Supplements Market: Overview

Chemical based nutraceuticals are often associated with side-effects. And, thus there is a shift noticed a shift towards botanical supplements, the market for which is set to chart a significant growth curve between 2018 and 2028, owing to an impressive CAGR (Compound Annual Growth Rate).

Derived from roots, barks, fruits and vegetable of trees and plants, botanical supplements are perceived rich in nutrients – vitamins and minerals, helping the market for the same to witness high growth.

Another factor that is contributing to growth in the market include brands getting active in terms of rising awareness through marketing initiatives such as campaigns and so on. Additionally, some come up with research studies and their findings into the public domain.

Global Botanical Supplements Market: Notable Development

The global botanical supplements market is rife with developments that are significant in terms of determining the market’s future and shaping its competitors’ landscape. Some of the prominent developments that have occurred are delineated below:

2017: In the March of the year, a new vegan protein was developed by MusclePharm Corporation. The series is called Natural. And, it goes without saying that vegan protein could grab the attention of a whole community of people who have given up on any animal based products. Another company – NBTY – has come up with flavoured protein powders based on plants. Some of the flavours include vanilla bean, dark cocoa, and mixed berry super fruits flavors.

The global botanical supplements market is fragmented. And, prominent players in the global botanical supplements market are The Archer Daniels Midland Company (ADM); Glanbia Nutritionals, Inc.; Botanicalife International of America, Inc.; Arizona Natural Products; Naturalife Asia Co., Ltd.; and Blackmores Limited, among others.

Global Botanical Supplements Market:  Key trends and driver

The global botanical supplements market is riding on the back of numerous trends and drivers. Few of these are outlined below and a comprehensive analysis can be had from the upcoming report on the global botanical supplements market, prepared by Transparency Market Research (TMR).

  • Rise in obesity is one of the biggest issues the world is facing and that is leading to growth in the global botanical supplements market. Among young adults, the prevalence of obesity is 35.7% and among middle-aged people, it is 42.8%. Awareness regarding use of certain herbs for weight loss is adding to this upward trajectory in a positive way. Part of this trend originates from growing popularity of indigenous medicine in China and India.
  • Poor lifestyle is leading to poor dietary habits and that is leading to deficiency of essential vitamins and nutrients and that is propelling the global botanical supplements up significantly. Longer work days and rise of dual income families are primary reasons behind the low-nutrition diets. As employment brings with it hectic works and longer work days, the will to prepare elaborate means is waning away.

Global Botanical Supplements Market:  Regional Analysis

Over the forecast period, the North American region will take away the biggest slice of the growth pie, owing to massive levels of obesity, rising awareness, and rise of veganism, which is a diet devoid of any animal based products. Besides, in countries like Mexico, more and more people are seeing growing popularity of nutraceuticals.

The report is segmented into the following:

Segmentation by Source 

  • Leaves
  • Barks
  • Fruits & Vegetables
  • Roots

Segmentation by Product

  • Capsules & Tablets
  • Powder
  • Liquids

Segmentation by Application 

  • Additional Nutrition
  • Medicinal & Infant Nutrition
  • Sports Nutrition

Segmentation by End-use 

  • Infant
  • Children
  • Adults
  • Pregnant Women
  • Old-aged

Key players analyzed: 

  • ADM
  • Glanbia PLC
  • Herbalife International of America, Inc.
  • Blackmores Limited
  • Nutraceutical International Corporation
  • NBTY, Inc.
  • Arizona Natural Products
  • Ricola AG
  • Naturalife Asia Co., Ltd.
  • Bio-Botanica Inc.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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