Global Botanical Supplements Market is expected to foresee significant growth. North America to lead the growth!

Global botanical supplements market is expected to register a CAGR of approx. 8% over the period of 2022-2028. Botanical supplements are food or supplements derived from natural sources. They consist of dietary, nutraceutical, and herbal supplements used to maintain good health. Herbal supplements are products derived from plants and/or their oils, roots, seeds, berries, or flowers. They are thought to have medicinal properties. The global botanical supplements market is rising due to government funding for research and development in botanical supplements around the globe. For instance,in June 2020, The National Institutes of Health awarded US$ 6 million to Oregon Health & Science University to establish a research center for botanical dietary supplements. Owing to these glaring statistics the demand for botanical supplements is anticipated to grow in the forthcoming years as they are safe as supplements. Moreover, several innovations in the nutritional supplements sector are fueling the demand for the botanical supplements market. Furthermore, the development of personalized botanical supplements is expected to drive the market for botanical supplements market in the coming years.

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Based on the source, the botanical supplements market is segmented into herbs, leaves, spices, flowers, and others. The leaves segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. The shift in lifestyles and the growing trend of exploring and experiencing novel foods have led to the growth in the demand for leave-based botanical supplements.

Based on the forms, the market is fragmented into powder, liquid, tablets, capsules, and others. The tablets segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. growing consumers’ inclination towards tablets and capsules owing to the ease of consumption has led to market growth.

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For a better understanding of the market adoption of botanical supplements market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a major market for the botanical supplements industry owing to the increasing awareness regarding supplements infused with botanical ingredients, coupled with the growing consumption of dietary supplements.

Some of the major players operating in the market include Dabur India Ltd, The Bountiful Company, Ricola AG., Mondelēz International, Procter & Gamble Co, NUTRAMARKS INC, BASF SE, The Himalaya Drug Company, Botanicalife International of America Inc, Glanbia Nutritionals.

Global Botanical Supplements Market Segmentation

Market Insight, by Source

• Herbs
• Leaves
• Spices
• Flowers
• Others

Market Insight, by Forms

• Powder
• Liquid
• Tablets
• Capsules
• Others

Market Insight, by Application

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

Market Insight, by End-Users

• Offline
• Online

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• Dabur India Ltd
• The Bountiful Company
• Ricola AG.
• Mondelēz International
• Procter & Gamble Co
• NUTRAMARKS INC
• BASF SE
• The Himalaya Drug Company
• Botanicalife International of America Inc
• Glanbia Nutritionals