Botanical Supplements Market

Botanical Supplements Market, By Application (Food and beverages, Pharmaceutical, Personal care), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

A botanical supplement is produced to add nutrients to the diet and lower the risk of health problems such as osteoporosis and arthritis. It is available in the form of capsules, powders, gel tabs, pills, extracts, and liquids and contains minerals, vitamins, fiber, herbs, amino acids, and enzymes. A botanical supplement is ideal for people who don't get enough vitamins and minerals from the normal diet. Weight loss, sports nutrition, general wellbeing, immune and digestive health, bone and joint health, heart health, and other specific requirements are some of the major applications of dietary supplements. They are easily available in health and beauty stores, on the internet, in pharmacies and drugstores, in hypermarkets and supermarkets, and through direct selling. Botanical supplements are the natural alternatives for the hormone replacement therapy like plant use for thousands of year in medicinal purpose and this supplements offer natural ways to improve the brain health, cognitive function, prostate health, and connective and joint tissue health.

Market Dynamics

It is anticipated that the general acceptance of herbal formulations among consumers across a demographics will influence the direction of supplement growth in the direction of botanicals. This is the target market for important manufacturers of herbal and botanical supplements.

However, one factor anticipated to impede the market's growth globally is the absence of strict norms and regulations pertaining to the safety and efficacy of botanical health supplement products. Increase the health consciousness which increase concern about over diet and increase care towards preventive healthcare and that have made consumer turn towards health imparting herbal supplements

• Key features of the study:
• This report provides in-depth analysis of the global botanical supplements market and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022, as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global botanical supplements market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
• Key companies covered as a part of this study include ChromaDex, Inc., Nutraceutical International Corporation, NBTY, Inc., Surya Herbal, Ltd., BASF SE, NaturaLife Asia Co., Ltd., Bio-Botanica Inc., HERBALIFE Nutrition, Archer Daniels Midland Company (ADM), Integrated BioPharma, Inc., The Himalaya Drug Company, Ricola AG, MMJ International Holdings, and Pharmavite LLC.
• Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
• The global botanical supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Botanical Supplements Market.

Global Botanical Supplements Market Segmentation

• By Application
• Food and beverages
• Pharmaceutical
• Personal care
• By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• By Region
• North America
• Asia Pacific
• Latin America
• Middle East
• Africa
• Company Profiles
• ChromaDex, Inc.
• Nutraceutical International Corporation
• NBTY, Inc.
• Surya Herbal, Ltd.
• BASF SE
• NaturaLife Asia Co., Ltd.
• Bio-Botanica Inc.
• HERBALIFE Nutrition
• Archer Daniels Midland Company (ADM)
• Integrated BioPharma, Inc.
• The Himalaya Drug Company
• Ricola AG
• MMJ International Holdings
• Pharmavite LLC