The Global Botanical Supplements Market was $31.4 Bn in 2020, and it is expected to reach $78.5 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 8.5% between 2021-2031. But due to the current COVID-19 pandemic, there might be a slight difference in the growth rate in the present year. Increased innovations to manufacture the botanicals consists of broad range of amino acids and also to target the specific functions which includes muscle repair, weight loss, energy balance by different producers will help to accelerate the growth of this market during the forecasted period.
Global Botanical Supplements Market Is Estimated To Witness Remarkable Growth
Source: SAI Research
The Global Botanical Supplements Market has been segmented into source, form, end-use, application. on the basis of source Global Botanical Supplements Market has been segmented into Herbs, Leaves, Spices, Flowers, Others. On the basis of form it is segmented into Powder, Liquid, Tablets, Capsules, Gummies, Others. On the basis application is has been segmented into Energy & Weight Management, General Health, Bone & Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Others. On the basis of end-use it has been segmented into OTC, Prescribed.
By Region, North America Is Holding the Major Market Share
The Global Botanical Supplements Market has been geographically segmented into North America, Asia Pacific, South America, Middle East, and Africa region. in addition to this North America Global Botanical Supplements Market is holding the major market share at present and is estimated to witness high compound annual growth during the upcoming forecasted period. Increased awareness about the supplements infused with the botanical ingredients along with the increased consumption of the dietary supplements has led this region dominate the market. Besides this Europe is also going to witness remarkable growth during the upcoming forecasted period.
Major Players in Global Botanical Supplements Market
Some of the major players in Global Botanical Supplements Market include Dabur India, NBTY Inc., Ricola AG., Mondelez International, Procter and Gamble, Nutraceutical International Company, BASF SE, The Himalaya Drug Company, Blackmores Limited, Nature’s Bounty Co., Himalaya Drug Company, Amway Corporation, GNC Holdings, Inc., Now Foods, Gaia Herbs, LLC.
The Global Botanical Supplements Market Has Been Segmented Into:
Global Botanical Supplements Market, By Source
Global Botanical Supplements Market, By Form
Global Botanical Supplements Market, By Application
Global Botanical Supplements Market, By End-Use
Global Botanical Supplements Market, By Region
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