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Botanical Supplements Market Size Is Projected to Reach $48.75 Billion By 2028 | CAGR: 7.3% : Polaris Market Research

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Botanical Supplements Market Size Is Projected to Reach $48.75 Billion By 2028 | CAGR: 7.3% : Polaris Market Research

October 21
14:10 2021
Botanical Supplements Market Size Is Projected to Reach $48.75 Billion By 2028 | CAGR: 7.3% : Polaris Market Research
Polaris Market Research
The new published report by Polaris Market Research. the global botanical supplements market was valued at USD 28.76 billion in 2020 and is expected to reach USD 48.75 billion by 2028 to grow at a CAGR of 7.3% during the forecast period

The global botanical supplements market size is expected to reach USD 48.75 billion by 2028 according to a new study by Polaris Market Research. The report “Botanical Supplements Market Share, Size, Trends, Industry Analysis Report, By Source (Herbs, Leaves, Spices, Flowers, Others); By Form (Powder, Liquid, Tablets, Capsules, Gummies, Others); By End-Use (OTC, Prescribed); By Application; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

As per the survey done by Nutritional Outlook, it is being found that prevention and immunity are the most important purchase drivers in the market for botanical supplements. In 2019, immunity positioned fifth in the list of consumer market demands, and moved to third place, following the onset of the COVID-19 pandemic. Over 61% of the respondents in the U.S. said that they increased supplement consumption to invigorate immunity.

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Competitive Insight :

Dabur India, Nutraceutical International Company, NBTY Inc., Mondelez International, The Himalaya Drug Company, Ricola AG., Procter and Gamble, BASF SE, and Blackmores Limited.

Moreover, according to the statistics published by the American Botanical Council, in 2018, the sale of ashwagandha increased exponentially and was one of the 40 top-selling ingredients in both herbal and natural retail stores. The global health and nutrition industry is flooded with natural ingredients that can induce athletic performance in an individual. The shift is more towards plant-based botanical supplements.

In 2020, the North America botanical supplements industry accounted for over 30% of the global market. Region’s dominance is due to rising consumer awareness regarding the potential benefits of the health supplements coupled with growing interest in natural products. Moreover, the rising rate of obese population in the U.S. and the increase in vegan population also propelled the region’s market growth for botanical supplements.

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Polaris Market Research has segmented the botanical supplements market report on the basis of source, form, application, end-use, and region:

Botanical Supplements, Source Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Herbs
  • Leaves
  • Spices
  • Flowers
  • Others

 

Botanical Supplements, Form Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Powder
  • Liquid
  • Tablets
  • Capsules
  • Gummies
  • Others

Botanical Supplements, Application Outlook (Revenue – USD Million, 2016 – 2028)

 

  • Energy & Weight Management
  • General Health
  • Bone & Joint Health
  • Gastrointestinal Health
  • Immunity
  • Cardiac Health
  • Diabetes
  • Anti-cancer
  • Others

Botanical Supplements, End Use Outlook (Revenue – USD Million, 2016 – 2028)

 

  • OTC
  • Prescribed

Botanical Supplements, by Regional Outlook (Revenue – USD Million, 2016 – 2028)

 

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherlands
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Central & South America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

 

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At : https://www.polarismarketresearch.com/industry-analysis/botanical-supplements-market/speak-to-analyst

OR

Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Food-and-Beverages

 

About Polaris Market Research

 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers

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Website: https://www.polarismarketresearch.com/industry-analysis/botanical-supplements-market

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