Botanical Supplements Market by Solution Type (Capsules & Tablets, Powder, Syrups, and Oils), Application (Pharmaceuticals, Food & Beverages, and Personal Care), and Region - Industry Analysis and Forecast to 2033
The global botanical supplements market is expected to grow from USD 56.68 billion in 2023 to USD 146.15 billion by 2033 at a CAGR of 9.94%.
Botanical Supplements Market CAGR
2023-2033
CAGR OF
9.94%
Botanical Supplements Market
The botanical supplements market is gaining momentum within the population due to the economy and the adoption of a healthier social lifestyle. The general population is opting for a more healthy and harmless option to stay healthy by consuming botanical supplements on a regular basis. The growth within the geriatric population, coupled with the market penetration through social media, has led the growth in this field. This is anticipated to generate a billion-dollar opportunity for companies engaged in the development of such related solutions in the healthcare sector. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2018-2021, the base year is 2022, the estimated year is 2023, and the forecast period is 2023-2033.
Market Dynamics
The public opinion of using a healthier supplement option has been supported by multiple endorsements using social media, making it easier for customers to make the switch. The existence of social media has an unlimited audience they can reach to preach the benefits of these products. These products have been promoted as a solution to hinder future diseases and a step towards self-medication. In the presence of an abundance of fast foods and unhealthy habits, self-medication supplements have seen a steep rise in demand leading to growth in the sector. Furthermore, the lack of government initiatives towards the market could be some cause for concern. Less importance or regulation on these products towards labeling and safety could act as a roadblock to gaining customers. In addition, a lack of scientific studies emulating the advertised benefits is another restraint on the market.
Segmental Analysis
Botanical Supplements Market
By Application
XX%
Pharmaceuticals
Food & Beverages
Personal Care
56.68
Total Market Size
USD (Billion), 2023
9.94%
CAGR
2023 - 2033
The global botanical supplements market is classified by solution type, application, and region. Based on solution type the global market is segmented into capsules & tablets, powder, syrups, and oils. Capsules and tablets dominated the market. This is contributed to the manufacturability of various doses through this form of intake. An increase in adopting an active lifestyle has created a need for small sources of supplements easily accessible to carry around on the move.
Botanical Supplements Market
By Solution Type
Capsules & Tablets
Powder
Syrups
Oils
The Market will Grow
At the CAGR of:
9.94%
The Forecast Market
Size for 2033 in USD:
$146.15B
Based on application, the market is segmented into pharmaceuticals, food & beverages, and personal care applications. Pharmaceuticals have contributed the most to this market. The growth of income and social awareness for self-medication has resulted in an increase in the demand for herbal medication. The increase in the geriatric population is another driver, as the preference for using natural remedies is strong within the community.
Regional Analysis
Botanical Supplements Market
By Region
The Market will Grow
At the CAGR of:
9.94%
The Forecast Market
Size for 2033 in USD:
$146.15B
Geographically, the botanical supplements market is classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. In 2022, Asia-Pacific contributed the largest market share in the market, due to the growing emerging economies such as China and India. They are well known worldwide for their home-grown herbal products such as Chinese medicines and ayurvedic treatments. Exports and visitors purchasing treatments and products have led to gains in the region. North America and Europe have also seen high CAGR over the years. With consumers more acceptable to try herbal products, and complemented by major players in the region, the scope and market are bound to possess a stable healthy growth.
Competition Scenario
Key players of the botanical supplements market are Jarrow Formulas, Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Blackmores, Nutraceutical International Corporation NBTY, Arizona Natural Products, Ricola, NaturaLife Asia, Bio-Botanica, Solgar, Nature’s Bounty, Ancient GreenFields, Gaia Herbs, and Now Foods.
Critical Questions Answered in the Report • What are the key trends in the global botanical supplements market? • How the market (and its various sub segments) has grown in the last four years and what would be the growth rate in the next five years? • What are the key strategies adopted by the major vendors to lead in the global botanical supplements market? • What is the market share of the top players?
Research Methodology
The research study extensively uses both secondary and primary research methodologies. More than 200 industry leaders from various phases of the value chain (demand side, supply side, resellers/distributors, and other independent consultants) were interviewed to gain crucial insights about this market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
Botanical Supplements Market Scope:
Report Data
Botanical Supplements Market
Botanical Supplements Market Forecast Value 2033
146.15Billion
Botanical Supplements Market CAGR 2023 - 2033
9.94%
Botanical Supplements Market Forecast Period
2023 - 2033
Botanical Supplements Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Jarrow Formulas, Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Blackmores, Nutraceutical International Corporation NBTY, Arizona Natural Products, Ricola, NaturaLife Asia, Bio-Botanica, Solgar, Nature’s Bounty, Ancient GreenFields, Gaia Herbs, and Now Foods.
Key Segments
By Solution Type
Capsules & Tablets
Powder
Syrups
Oils
By Application
Pharmaceuticals
Food & Beverages
Personal Care
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
1 Executive Summary
2 Market Introduction 2.1 Definition 2.2 Architecture 2.3 Scope of the Study 2.4 Related Stakeholders
3 Research Methodology 3.1 Introduction 3.2 Primary Research 3.2.1 Key Insights 3.2.2 Breakdown of Primary Interviews 3.3 Secondary Research 3.3.1 Important Sources 3.4 Market Size Estimation Approaches 3.4.1 Top-Down Approach 3.4.2 Bottom-Up Approach 3.4.3 Data Triangulation 3.5 List of Assumptions
4 Market Dynamics 4.1 Introduction 4.2 Drivers 4.2.1 Awareness and perception towards herbal remedies 4.2.2 Rise in unhealthy lifestyle as well as the geriatric population 4.3 Restraints 4.3.1 Lack of government intervention to promote safety and useability of products 4.4 Opportunities 4.4.1 Growing acceptability in regions such as Europe have led to steady growth 4.5 Challenges 4.5.1 No scientific evidence of consistent positive results to promote useability 4.5.2 Strict Rules from the Food Regulatory and Compliance Authorities
4.6 Porter's Five Forces Model Analysis 4.7 Value Chain Analysis 4.8 Regulatory Landscape
5 Global Botanical Supplement Market, By Solution Type 5.1 Introduction 5.2 Capsules & Tablets 5.3 Powder 5.4 Syrups 5.5 Oil
6 Global Botanical Supplement Market, By ApplicationType 6.1 Introduction 6.2 Pharmaceuticals 6.3 Food & Beverages 6.4 Personal Care Products
7 Global Botanical Supplement Market, By Region 7.1 Introduction 7.2 North America 7.2.1 US 7.2.2 Canada 7.2.3 Mexico 7.3 Europe 7.3.1 Germany 7.3.2 UK 7.3.3 France 7.3.4 Italy 7.3.5 Spain 7.3.6 Rest of Europe 7.4 Asia-Pacific 7.4.1 China 7.4.2 India 7.4.3 Japan 7.4.4 South Korea 7.4.5 Australia 7.4.6 Rest of Asia-Pacific 7.5 Middle East and Africa 7.5.1 South Africa 7.5.2 Rest of the Middle East and Africa 7.6 South America 7.6.1 Brazil 7.6.2 Rest of the Latin America
8 Competitive Landscape 8.1 Introduction 8.2 Vendor Evaluation Criteria 8.3 Vendor Share Analysis, 2023 (%) 8.4 Recent Developments, 2016-2023 8.4.1 New Product Launches 8.4.2 Partnerships 8.4.3 Mergers or Acquisitions 8.4.4 Business Expansions 9 Company Profiles (This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.) 9.1 Jarrow Formulas 9.2 Archer Daniels Midland Company 9.3 Glanbia plc 9.4 Herbalife International of America 9.5 Blackmores 9.6 Nutraceutical International Corporation NBTY 9.7 Arizona Natural Products 9.8 Ricola 9.9 NaturaLife Asia 9.10 Bio-Botanica 9.11 Solgar 9.12 Nature’s Bounty 9.13 Ancient GreenFields 9.14 Gaia Herbs 9.15 Now Foods 10 Appendix 10.1 Discussion Guide 10.2 Customization Options 10.3 Related Reports
List of Tables
Table 1 Global Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 2 Global Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 3 Global Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 4 North America Botanical Supplement Market, By Country, 2023-2033 (USD Million) Table 5 North America Botanical Supplement, By Product, 2023-2033 (USD Million) Table 6 North America Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 7 North America Botanical Supplement Market, By Region Table 8 US Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 9 US Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 10 US Botanical Supplement Market, By Region, 2023-2033 (USD Million Table 11 Canada Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 12 Canada Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 13 Canada Botanical Supplement Market, By Region, 2023-2033 (USD Million Table 14 Europe Botanical Supplement Market, By Country, 2023-2033 (USD Million) Table 15 Europe Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 16 Europe Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 17 Europe Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 18 Germany Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 19 Germany Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 20 Germany Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 21 France Botanical Supplement Market, By Product, 2023-2033 (USD Million Table 22 France Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 23 France Botanical Supplement Market, By Region, 2023-2033 (USD Million Table 24 Rest of Europe Botanical Supplement Market, By Product, 2023-2033 (USD Million Table 25 Rest of Europe Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 26 Rest of Europe Botanical Supplement Market, By Region, 2023-2033 (USD Million Table 27 Asia-Pacific Botanical Supplement Market, By Country, 2023-2033 (USD Million) Table 28 Asia-Pacific Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 29 Asia-Pacific Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 30 Asia-Pacific Botanical Supplement Market, By Region 2023-2033 (USD Million) Table 31 China Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 32 China Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 33 China Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 34 India Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 35 India Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 36 India Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 37 Middle-East and Africa Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 38 Middle-East and Africa Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 39 Middle-East and Africa Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 40 Latin America Botanical Supplement Market, By Country, 2023-2033 (USD Million) Table 41 Latin America Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 42 Latin America Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 43 Latin America Botanical Supplement Market, By Region, 2023-2033 (USD Million) Table 44 Brazil Botanical Supplement Market, By Product, 2023-2033 (USD Million) Table 45 Brazil Botanical Supplement Market, By Distribution Channel, 2023-2033 (USD Million) Table 46 Brazil Botanical Supplement Market, By Region, 2023-2033 (USD Million)
List of Figures
Figure 1 Global Botanical Supplement Market: Market Segmentation Figure 2 Global Botanical Supplement Market: Research Methodology Figure 3 Breakdown of Primary Interviews Figure 4 Top-Down Approach Figure 5 Bottom-Up Approach Figure 6 Data Triangulation Figure 7 Global Botanical Supplement Market: Drivers, Restraints, Opportunities, and Challenges Figure 8 Global Botanical Supplement Market: Porter's Five Forces Model Analysis Figure 9 Global Botanical Supplement Market: Value Chain Analysis Figure 10 Global Botanical Supplement Market Share Analysis, By Product, 2023 and 2033 Figure 11 Global Botanical Supplement Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 12 Global Botanical Supplement Market Share Analysis, By Region, 2023 and 2033 Figure 13 North America Botanical Supplement Market Share Analysis, By Country, 2023 and 2033 Figure 14 North America Botanical Supplement Market Share Analysis, By Product, 2023 and 2033 Figure 15 North America Botanical Supplement Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 16 Europe Botanical Supplement Market Share Analysis, By Country, 2023 and 2033 Figure 17 Europe Botanical Supplement Market Share Analysis, By Product, 2023 and 2033 Figure 18 Europe Botanical Supplement Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 19 Asia-Pacific Botanical Supplement Market Share Analysis, By Country, 2023 and 2033 Figure 20 Asia-Pacific Botanical Supplement Market Share Analysis, By Product, 2023 and 2033 Figure 21 Asia-Pacific Botanical Supplement Market Share Analysis, By Type, 2023 and 2033 Figure 22 Asia-Pacific Botanical Supplement Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 23 Middle East and Africa Botanical Supplement Market Share Analysis, By country, 2023 and 2033 Figure 24 Middle East and Africa Botanical Supplement Market Share Analysis, By Product, 2023 and 2033 Figure 25 Middle East and Africa Botanical Supplement Market Share Analysis, By Type, 2023 and 2033 Figure 26 Middle East and Africa Botanical Supplement Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 27 South America Botanical Supplement Market Share Analysis, By Country, 2023 and 2033 Figure 28 South America Botanical Supplement Market Share Analysis, By Product 2023 and 2033 Figure 29 South America Botanical Supplement Market Share Analysis, By Distribution Channel, 2023 and 2033 Figure 30 Global Botanical Supplement Market: Competitive Benchmarking Figure 31 Global Botanical Supplement Market: Vendor Share Analysis 2023 (%)
Botanical Supplements Market Scope:
Report Data
Botanical Supplements Market
Botanical Supplements Market Forecast Value 2033
146.15Billion
Botanical Supplements Market CAGR 2023 - 2033
9.94%
Botanical Supplements Market Forecast Period
2023 - 2033
Botanical Supplements Market Base Year
2022
Regional Scope
North America, Europe, Asia Pacific, South America, and Middle East & Africa
Key Companies Profiled
Jarrow Formulas, Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Blackmores, Nutraceutical International Corporation NBTY, Arizona Natural Products, Ricola, NaturaLife Asia, Bio-Botanica, Solgar, Nature’s Bounty, Ancient GreenFields, Gaia Herbs, and Now Foods.
Key Segments
By Solution Type
Capsules & Tablets
Powder
Syrups
Oils
By Application
Pharmaceuticals
Food & Beverages
Personal Care
By Region
North America
Europe
Asia-Pacific
South America
Middle-East & Africa
Report Coverage
Market Sizing, Market Forecasting, Market Dynamics, Market Trends, Market Development Analysis, Market Share Analysis, Regional Analysis, Competitive Positioning, Competitive Benchmarking, Competitive Landscape, Company Profiling, Regulation Analysis, etc.
The Research Intellica follows an extensive research methodology that involves a blend of both primary and secondary research. Information assembly and understanding the definition of the market are one of the critical points in our research process.
Key steps required in our research process:
Information Assembling: Under this stage, market data or information is collected by going through all the various methodologies, such as paid databases, TRI’s internal databases, primary research, and secondary research.
Secondary Sources: Some of the prominent examples include annual reports, press releases & investor presentations of companies, white papers, government statistics companies such as WHO, NGOs, the World Bank, and many others, regulatory bodies, trade directories.
Primary Sources: The primary interviewees from the demand side include key opinion leaders, executives, vice presidents, and CEOs of companies. The primary sources from the supply side include associations and institutions involved in the particular industry, key opinion leaders, and processing players.
Data Analysis: Our data is the Intellica of our research, and to stand out in the market, we analyse the data with statistical tools such as regression analysis and factor analysis. Our data analytics model aids in market forecasting. Common parameters are as follows:
Macro-economic factors
Demographics
Technology & innovation
Regional Patterns
Value Chain/ Supply Chain
Market dynamics
Industry Trends
Market Estimation: Both, bottom-up and top-down approaches were used to estimate and validate the size of the global market. The key players in the industry and markets were identified through extensive secondary research. The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from leaders, such as directors and marketing executives.
Bottom-Up Approach:
Top-down Approach:
Market Breakdown & Data Triangulation:
In order to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments, the data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various factors and trends from both, the demand and supply sides. Along with this, the market size was validated by using both, the top-down and bottom-up approaches.
Market Stakeholders:
Raw Material Suppliers
Manufacturers
System Integrators
Distributors
End-users
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