The botanical supplements market is valued at US$ 55.6 Bn in 2022 and is projected to grow at a CAGR of 7.7% during the forecast period, to reach a value of US$ 116.7 Bn by 2032. Newly released data from Future Market Insights market analysis shows that global botanical supplements demand is projected to grow year-on-year (Y-o-Y) growth of 7.3% in 2022.
The team of researchers at Future Market Insights are focussing on research and market study to produce different Botanical Supplements Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Botanical Supplements Market.
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Apart from providing authentic taste to products, botanical supplements also come with perceived health benefits. For instance, green tea extract can well maintain cardiovascular health and Echinacea plant can boost immune system. According to research, 97% of European consumers can perceive the term of botanical or herbal supplements well, while 82% trust on such products to maintain a natural and strong health.
Key Players
The writer will create content on the general strategies of market players. And then will write the key players in the market are:
- Glanbia plc
- BASF SE
- Archer Daniels Midland Company
- Naturex SA (Givaudan)
- Amway Corporation
- The Bountiful Company (Nestlé)
- Now Foods
- Dabur India Limited
- Himalaya Wellness Company
- Others
Segmentation
The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Botanical Supplements Market by Category
By Source :
- Vegetables & Fruits
- Herbs & Spices
- Flowers
- Seeds & Nuts
- Leaves
- Bulbs & Roots
- Barks & berries
- Others
By Form :
- Powder
- Liquid
- Capsule
- Bars
- Gels
- Granules
- Oils
- Others
By Distribution Channel :
- Offline Stores
- Online Retails
By Application :
- Food & Beverages
- Pharmaceuticals
- Sports Nutrition & Dietary Supplements
- Cosmetics and Personal Care
- Pet Care Industry
- Commercial Households
- Others
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Key Questions Answered in the Report
- How much is the botanical supplements industry worth?
- The botanical supplements market is estimated to reach sales nearly US$ 55.6 Bn by 2022.
- At what CAGR is the botanical supplements market poised to expand through 2032?
- How was the performance of botanical supplements market over the past half-decade?
- What will be the botanical supplements market size in 2032?
- Who are the key players operating in the botanical supplements market?
- Which are the top countries driving the botanical supplements demand?
- What are the key factors affecting the botanical supplements market growth?
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Valued at US$ 5.6 Billion in 2021, check how Plant Based Food Market is on the verge of explosive growth, in Future Market Insights latest blog
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