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
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
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%.
What are the key factors driving the growth of market?
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.
What segments are covered in market report?
The global botanical supplements market is segmented on the basis of demography, application, sales channel, and region.
What are the key participating players in the market?
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 are the key participating players in the market
