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 : February, 2023 | Food and Beverages

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?