Botanical Supplements Market Projected To Grow With A CAGR Of Around 8.56% During 2024 to 2032

As per Zion Market Research, the global botanical supplements market was valued at USD 31.78 Billion in 2023 and is expected to reach over USD 65.89 Billion by 2032, growing at a CAGR of around 8.56% during the forecast period from 2024 to 2032 Rising concerns related to the adverse effects of artificially obtained nutraceuticals are predicted to increase the demand for botanical supplements. The botanical supplements are the dietary supplements produced from plants or parts of plants for therapeutic or medical purposes. The botanicals products utilized for the prevention & treatment of various diseases are known as photomedicine. These supplements work as natural options for hormonal replacement therapy, as plants are been utilized for medicinal purposes for a long time. Botanical supplements provide natural ways to enhance prostate health, brain health & cognitive function, and connective & joint tissue health.

Some of the key players in the global market are Procter & Gamble; Natures Sunshine Products Incorporated; Imperial Ginseng Products Ltd.; NaturaLife Asia Co., Ltd.; Pharmaton Natural Health Products; Nutraceutical International Corporation; The Himalaya Drug Company; International Vitamin Corp.; and Arizona Natural Resources, Inc.

Increasing Health Awareness Expected To Promote The Global Botanical Supplements Market

The surging awareness about health, enhanced care toward precautionary healthcare, and augmented concerns towards diet has made individuals turn toward botanical supplements. Several botanical supplements companies emerged with substitute therapies to relieve women from regular problems like insomnia and hot flashes menopause. Middle-aged women and aged consumers are the main end-users of therapies and botanical supplements. Natural offerings like detoxes & probiotic drinks, cranberry & other herbal supplements, and fish oils are emerging as the most commonly utilized botanical supplements. Food supplements comprising multivitamins, chondroitin, omega-3s, and herbal extracts had registered lucrative growth, as many consumers apprehend botanical supplements products as an anti-medicinal and low-cost alternative for a healthy lifestyle.

The global botanical supplements market is bifurcated on the basis of type, demography, application, sales channel, and regional analysis. Based on the type, the market is divided into capsules, tablets, tea bags, powders, and others. Based on the demography, the market is divided into females, males, and others. Based on the application, the market is divided into food & beverages, personal care, pharmaceuticals, and others. Based on the sales channel, the market is divided into departmental store, supermarket/hypermarket, pharmacy store, beauty outlets, online store, and others.

The Asia Pacific Region Will Witness Massive Growth In The Global Botanical Supplements Market

Based on geographical analysis, the global botanical supplements market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. Europe was the key market for botanical supplements in 2014, accompanied by the Asia Pacific. The Asia Pacific region is the main region for the potential development of botanical supplements market, owing to the surging disposable earnings of the middle class along with the long-standing ritual of botanical medicine in countries like India, China, and Thailand. These factors are expected to fuel the market in the region over the forecasted period.

Browse the full “Botanical Supplements Market - by Type (Gummy and Chewable Vitamins, Capsules, Tablets, Liquid, Powder), by Usage (Sports Drinks, Energy Bars, Functional Foods), by End-User (Children, Old-Age Group), and by Region: Global Industry Perspective, Comprehensive Analysis and Forecast 2024-2032.” Report at https://www.zionmarketresearch.com/report/botanical-supplements-market

The global botanical supplements market is segmented as follows:

By types:

• Tea Bags
• Capsules
• Tablets
• Powders
• Others

By demography

• Females
• Males
• Others

By application:

• Food & Beverages
• Personal Care
• Pharmaceuticals
• Others

By sales channel:

• Beauty Outlets
• Supermarket/Hypermarket
• Departmental Store
• Online Store
• Pharmacy Store
• Others

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com