Botanical Supplements Market Overview

The report is titled as ‘Botanical Supplements Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the botanical supplements market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The botanical supplements market is expected to grow with significant rate in the near future.

The global botanical supplements market in 2020 is estimated for more than US$ 54.5 Bn and expected to reach a value of US$ 91.9 Bn by 2028 with a significant CAGR of 6.8%.

Botanical Supplements Market Definition

Botanical supplements refer to the extract, in the form of pills or powder, which is widely consumed for its therapeutic properties, flavors, and other purposes. The products that are processed from botanicals are beneficial for the maintenance of proper human health and thus can be known as herbal phytomedicines. The supplements are also available in the form of tea bags, which makes it easier for the consumer to make use of the brewing process and consume such supplements. The consumption of such herbal supplements on regular basis also ensures the improvement in prostate health, brain health along connective and joint tissue health.

Botanical Supplements Market Dynamics

Changing the perception of users regarding such supplements coupled with the changing and hectic lifestyle is promoting the growth of this market all over the world. Moreover, increasing the count of lifestyle diseases, accounting for obesity, high blood pressure, and diabetes is also increasing the demand for botanical supplements. Additionally, the easy availability and inclination towards home care remedies are also boosting the botanical supplements, especially in the youth category. Whereas, the lack of adaptability of supplements on regular basis coupled with the stringent regulations associated with such supplements may restrict the growth of the market.

The botanical supplements market is expected to increase at a significant CAGR over the forecast period owing to the increasing advertisements linked to supplements, adoption of Good Manufacturing Practices to ensure good quality end product and elevating count of key players in the market. On the basis of application, pharmaceutical segment dominates this market, followed by food and beverage segment.

Botanical Supplements Market Key Players

Botanical supplements market is mainly dominated by Arizona Natural Resources, Inc., Imperial Ginseng Products Ltd., International Vitamin Corp., NaturaLife Asia Co., Ltd., Natures Sunshine Products Incorporated, Nutraceutical International Corporation, Pharmaton Natural Health Products, Procter & Gamble, and The Himalaya Drug Company.

Botanical Supplements Market Segmentation

The global botanical supplements market is segmented on the basis of demography, application, sales channel, and region.

On the basis of demography, the global botanical supplements market can be segmented into male, female and others. On the basis of application, the global botanical supplements market can be segmented into personal care, food & beverages, pharmaceuticals and others. On the basis of sales channel, the global botanical supplements market can be segmented into beauty outlets, departmental store, online store, pharmacy store, supermarket, and others.

By Demography

•    Male

•    Female

•    Others

By Application

•    Personal Care

•    Food & Beverages

•    Pharmaceuticals

•    Others

By Sales Channel

•    Beauty Outlets

•    Departmental Store

•    Online Store

•    Pharmacy Store

•    Supermarket

•    Others

Botanical Supplements Market Regional Overview and Analysis

On the basis of region, the global botanical supplements market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America botanical supplements market is expected to be the most dominating market throughout the forecast period. Increasing count of geriatric patients coupled with the growing aging population is fueling the growth of this market. Moreover, the sudden shift from chemical or synthetic medication to herbal based supplements is another prime factor boosting the need for botanical supplements, globally.

MMC Overview on Botanical Supplements Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the botanical supplements market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Botanical Supplements

•    Advantage of Botanical Supplements over other modalities

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Botanical Supplements Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Botanical Supplements Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Botanical Supplements Market Snapshot

2.4.    Global Botanical Supplements Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Botanical Supplements Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Botanical Supplements Market, By Demography

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Demography

3.1.2.    BPS Analysis, By Demography

3.2.    Market Revenue (US$Mn) and Forecast, By Demography

3.2.1.    Male

3.2.2.    Female

3.2.3.    Others

3.3.    Global Botanical Supplements Market Attractiveness Index, By Demography

4.    Global Botanical Supplements Market, By Application

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Application

4.1.2.    BPS Analysis, By Application

4.2.    Market Revenue (US$Mn) and Forecast, By Application

4.2.1.    Personal Care

4.2.2.    Food & Beverages

4.2.3.    Pharmaceuticals

4.2.4.    Others

4.3.    Global Botanical Supplements Market Attractiveness Index, By Application

5.    Global Botanical Supplements Market, By Sales Channel

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Sales Channel

5.1.2.    BPS Analysis, By Sales Channel

5.2.    Market Revenue (US$Mn) and Forecast, By Sales Channel

5.2.1.    Supermarket/Hypermarket

5.2.2.    Departmental Store

5.2.3.    Beauty Outlets

5.2.4.    Pharmacy Store

5.2.5.    Online Store

5.2.6.    Others

5.3.    Global Botanical Supplements Market Attractiveness Index, By Sales Channel

6.    Global Botanical Supplements Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) and Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East 

6.2.6.    Africa

6.3.    Global Botanical Supplements Market Attractiveness Index, By Region

7.    North America Botanical Supplements Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) and Forecast, By Country

7.2.1.    U.S. Botanical Supplements Market

7.2.2.    Canada Botanical Supplements Market

7.3.    North America Botanical Supplements Market, By Demography

7.3.1.    Male

7.3.2.    Female

7.3.3.    Others

7.4.    North America Botanical Supplements Market, By Application

7.4.1.    Personal Care

7.4.2.    Food & Beverages

7.4.3.    Pharmaceuticals

7.4.4.    Others

7.5.    North America Botanical Supplements Market, By Sales Channel

7.5.1.    Supermarket/Hypermarket

7.5.2.    Departmental Store

7.5.3.    Beauty Outlets

7.5.4.    Pharmacy Store

7.5.5.    Online Store

7.5.6.    Others

7.6.    North America Botanical Supplements Market Attractiveness Index

7.6.1.    By Country

7.6.2.    By Demography

7.6.3.    By Application

7.6.4.    By Sales Channel

8.    Latin America Botanical Supplements Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) and Forecast, By Country

8.2.1.    Brazil Botanical Supplements Market

8.2.2.    Mexico Botanical Supplements Market

8.2.3.    Argentina Botanical Supplements Market

8.2.4.    Rest Of Latin America Botanical Supplements Market

8.3.    Latin America Botanical Supplements Market, By Demography

8.3.1.    Male

8.3.2.    Female

8.3.3.    Others

8.4.    Latin America Botanical Supplements Market, By Application

8.4.1.    Personal Care

8.4.2.    Food & Beverages

8.4.3.    Pharmaceuticals

8.4.4.    Others

8.5.    Latin America Botanical Supplements Market, By Sales Channel

8.5.1.    Supermarket/Hypermarket

8.5.2.    Departmental Store

8.5.3.    Beauty Outlets

8.5.4.    Pharmacy Store

8.5.5.    Online Store

8.5.6.    Others

8.6.    Latin America Botanical Supplements Market Attractiveness Index

8.6.1.    By Country

8.6.2.    By Demography

8.6.3.    By Application

8.6.4.    By Sales Channel

9.    Europe Botanical Supplements Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) and Forecast, By Country

9.2.1.    U.K. Botanical Supplements Market

9.2.2.    Germany Botanical Supplements Market

9.2.3.    Italy Botanical Supplements Market

9.2.4.    France Botanical Supplements Market

9.2.5.    Spain Botanical Supplements Market

9.2.6.    Russia Botanical Supplements Market

9.2.7.    Poland Botanical Supplements Market

9.2.8.    BENELUX Botanical Supplements Market

9.2.9.    NORDIC Botanical Supplements Market

9.2.10.    Rest of Europe Botanical Supplements Market

9.3.    Europe Botanical Supplements Market, By Demography

9.3.1.    Male

9.3.2.    Female

9.3.3.    Others

9.4.    Europe Botanical Supplements Market, By Application

9.4.1.    Personal Care

9.4.2.    Food & Beverages

9.4.3.    Pharmaceuticals

9.4.4.    Others

9.5.    Europe Botanical Supplements Market, By Sales Channel

9.5.1.    Supermarket/Hypermarket

9.5.2.    Departmental Store

9.5.3.    Beauty Outlets

9.5.4.    Pharmacy Store

9.5.5.    Online Store

9.5.6.    Others

9.6.    Europe Botanical Supplements Market Attractiveness Index

9.6.1.    By Country

9.6.2.    By Demography

9.6.3.    By Application

9.6.4.    By Sales Channel

10.    Asia Pacific Botanical Supplements Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) and Forecast, By Country

10.2.1.    China Botanical Supplements Market

10.2.2.    India Botanical Supplements Market

10.2.3.    Japan Botanical Supplements Market

10.2.4.    Australia And New Zealand Botanical Supplements Market

10.2.5.    South Korea Botanical Supplements Market

10.2.6.    ASEAN Botanical Supplements Market

10.2.7.    Rest of Asia Pacific Botanical Supplements Market

10.3.    Asia Pacific Botanical Supplements Market, By Demography

10.3.1.    Male

10.3.2.    Female

10.3.3.    Others

10.4.    Asia Pacific Botanical Supplements Market, By Application

10.4.1.    Personal Care

10.4.2.    Food & Beverages

10.4.3.    Pharmaceuticals

10.4.4.    Others

10.5.    Asia Pacific Botanical Supplements Market, By Sales Channel

10.5.1.    Supermarket/Hypermarket

10.5.2.    Departmental Store

10.5.3.    Beauty Outlets

10.5.4.    Pharmacy Store

10.5.5.    Online Store

10.5.6.    Others

10.6.    Asia Pacific Botanical Supplements Market Attractiveness Index

10.6.1.    By Country

10.6.2.    By Demography

10.6.3.    By Application

10.6.4.    By Sales Channel

11.    Middle East Botanical Supplements Market, By Region

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) and Forecast, By Country

11.2.1.    GCC Countries Botanical Supplements Market

11.2.2.    Israel Botanical Supplements Market

11.2.3.    Oman Botanical Supplements Market

11.2.4.    Rest Of Middle East Botanical Supplements Market

11.3.    Middle East Botanical Supplements Market, By Demography

11.3.1.    Male

11.3.2.    Female

11.3.3.    Others

11.4.    Middle East Botanical Supplements Market, By Application

11.4.1.    Personal Care

11.4.2.    Food & Beverages

11.4.3.    Pharmaceuticals

11.4.4.    Others

11.5.    Middle East Botanical Supplements Market, By Sales Channel

11.5.1.    Supermarket/Hypermarket

11.5.2.    Departmental Store

11.5.3.    Beauty Outlets

11.5.4.    Pharmacy Store

11.5.5.    Online Store

11.5.6.    Others

11.6.    Middle East Botanical Supplements Market Attractiveness Index

11.6.1.    By Country

11.6.2.    By Demography

11.6.3.    By Application

11.6.4.    By Sales Channel

12.    Africa Botanical Supplements Market, By Region

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) and Forecast, By Country

12.2.1.    South Africa Botanical Supplements Market

12.2.2.    Egypt Botanical Supplements Market

12.2.3.    North Africa Botanical Supplements Market

12.2.4.    Rest Of Africa Botanical Supplements Market

12.3.    Africa Botanical Supplements Market, By Demography

12.3.1.    Male

12.3.2.    Female

12.3.3.    Others

12.4.    Africa Botanical Supplements Market, By Application

12.4.1.    Personal Care

12.4.2.    Food & Beverages

12.4.3.    Pharmaceuticals

12.4.4.    Others

12.5.    Africa Botanical Supplements Market, By Sales Channel

12.5.1.    Supermarket/Hypermarket

12.5.2.    Departmental Store

12.5.3.    Beauty Outlets

12.5.4.    Pharmacy Store

12.5.5.    Online Store

12.5.6.    Others

12.6.    Africa Botanical Supplements Market Attractiveness Index

12.6.1.    By Country

12.6.2.    By Demography

12.6.3.    By Application

12.6.4.    By Sales Channel

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    Arizona Natural Resources, Inc.

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Product Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Imperial Ginseng Products Ltd.

14.3.3.    International Vitamin Corp.

14.3.4.    NaturaLife Asia Co., Ltd.

14.3.5.    Nature’s Sunshine Products Incorporated

14.3.6.    Nutraceutical International Corporation

14.3.7.    Pharmaton Natural Health Products

14.3.8.    Procter & Gamble

14.3.9.    The Himalaya Drug Company

15.    Acronyms