Botanical Supplements Market - Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
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.
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.
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).
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
Segmentation by Product
Segmentation by Application
Segmentation by End-use
Key players analyzed:
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