Market Overview:
The global botanical supplements market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the benefits of botanical supplements, rising demand for natural ingredients in dietary supplements and cosmetics, and growing trend of veganism and vegetarianism. In addition, the increasing disposable income of consumers in developing countries is also contributing to the growth of this market. Based on type, the global botanical supplements market can be segmented into tablets, capsules, powders, tea bags, and others. Capsules are expected to account for a major share of this market due to their ease-of-use and convenience. Based on application, this market can be segmented into drugs & nutraceuticals; cosmetics; food & beverages; and others (including animal feed). The drugs & nutraceuticals segment is projected to account for a major share of this market during the forecast period owing to rising demand for herbal medicines across the world.
Product Definition:
A botanical supplement is a natural product made from plants that is used to improve health or treat disease. Botanical supplements are important because they can help improve overall health, and they can also be used to treat specific diseases.
Tablets:
Tablets are small solid packages that are manufactured in different shapes and sizes. They can be classified as hard gelatin capsules, soft gels, and dry powder. Tablets have a uniform shape and size which makes them easy to swallow. The growing demand for tablets is due to their convenience of consumption compared to other supplement forms such as liquids & powders.
Capsules:
Capsules are small packages that contain the supplement along with a coating that protects it from damage. Capsules can be opened by using an appropriate tool or device called as “capsule opening device” which is generally available in different sizes and shapes. The main function of capsule is to protect the content inside from negative effects of stomach acid, digestive enzymes and bacteria.
Application Insights:
The drugs segment dominated the global market in 2017. The use of botanical supplements for the treatment of chronic diseases such as cancer, heart disease, diabetes and respiratory problems is expected to drive the demand for these products over the forecast period. Moreover, increasing research on new applications of botanical supplements is further expected to propel their demand in drugs application over the coming years.
Botanical dietary supplements are widely used for cosmetic purposes owing to their anti-aging properties and ability to improve skin texture and tone. Rising awareness about healthy eating habits among consumers especially millennials has led manufacturers towards including these ingredients in cosmetics products which can be used by customers without medical supervision. This trend is likely to increase consumer willingness towards using natural ingredients while choosing a beauty product which will eventually benefit supplement manufacturers in this industry (cosmetic & personal care).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to rising consumer awareness regarding health and well-being, increasing disposable income, and high demand for natural products in countries such as the U.S., Canada, and Mexico.
The market players are adopting strategies like product launches, expansion of distribution network etc.
Growth Factors:
- Increasing awareness about the health benefits of botanical supplements is driving the market growth.
- Rising demand for natural and organic products is also propelling the market growth.
- Growing popularity of preventive healthcare is another major factor fuelling the demand for botanical supplements.
- Rapid urbanization and changing lifestyle patterns are contributing to the increasing demand for botanical supplements globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Botanical Supplements Market Research Report
By Type
Tablets, Capsules, Powders, Tea Bags, Others
By Application
Drugs, Cosmetics, Food and Beverages
By Companies
Ricola, Dabur, Procter, Ricola
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Botanical Supplements Market Report Segments:
The global Botanical Supplements market is segmented on the basis of:
Types
Tablets, Capsules, Powders, Tea Bags, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Drugs, Cosmetics, Food and Beverages
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ricola
- Dabur
- Procter
- Ricola
Highlights of The Botanical Supplements Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tablets
- Capsules
- Powders
- Tea Bags
- Others
- By Application:
- Drugs
- Cosmetics
- Food and Beverages
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Botanical Supplements Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Botanical supplements are products that contain natural ingredients, such as herbs and vitamins, to improve health.
Some of the key players operating in the botanical supplements market are Ricola, Dabur, Procter, Ricola.
The botanical supplements market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Botanical Supplements Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Botanical Supplements Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Botanical Supplements Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Botanical Supplements Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Botanical Supplements Market Size & Forecast, 2018-2028
4.5.1 Botanical Supplements Market Size and Y-o-Y Growth
4.5.2 Botanical Supplements Market Absolute $ Opportunity
Chapter 5 Global Botanical Supplements Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Botanical Supplements Market Size Forecast by Type
5.2.1 Tablets
5.2.2 Capsules
5.2.3 Powders
5.2.4 Tea Bags
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Botanical Supplements Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Botanical Supplements Market Size Forecast by Applications
6.2.1 Drugs
6.2.2 Cosmetics
6.2.3 Food and Beverages
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Botanical Supplements Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Botanical Supplements Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Botanical Supplements Analysis and Forecast
9.1 Introduction
9.2 North America Botanical Supplements Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Botanical Supplements Market Size Forecast by Type
9.6.1 Tablets
9.6.2 Capsules
9.6.3 Powders
9.6.4 Tea Bags
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Botanical Supplements Market Size Forecast by Applications
9.10.1 Drugs
9.10.2 Cosmetics
9.10.3 Food and Beverages
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Botanical Supplements Analysis and Forecast
10.1 Introduction
10.2 Europe Botanical Supplements Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Botanical Supplements Market Size Forecast by Type
10.6.1 Tablets
10.6.2 Capsules
10.6.3 Powders
10.6.4 Tea Bags
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Botanical Supplements Market Size Forecast by Applications
10.10.1 Drugs
10.10.2 Cosmetics
10.10.3 Food and Beverages
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Botanical Supplements Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Botanical Supplements Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Botanical Supplements Market Size Forecast by Type
11.6.1 Tablets
11.6.2 Capsules
11.6.3 Powders
11.6.4 Tea Bags
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Botanical Supplements Market Size Forecast by Applications
11.10.1 Drugs
11.10.2 Cosmetics
11.10.3 Food and Beverages
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Botanical Supplements Analysis and Forecast
12.1 Introduction
12.2 Latin America Botanical Supplements Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Botanical Supplements Market Size Forecast by Type
12.6.1 Tablets
12.6.2 Capsules
12.6.3 Powders
12.6.4 Tea Bags
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Botanical Supplements Market Size Forecast by Applications
12.10.1 Drugs
12.10.2 Cosmetics
12.10.3 Food and Beverages
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Botanical Supplements Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Botanical Supplements Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Botanical Supplements Market Size Forecast by Type
13.6.1 Tablets
13.6.2 Capsules
13.6.3 Powders
13.6.4 Tea Bags
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Botanical Supplements Market Size Forecast by Applications
13.10.1 Drugs
13.10.2 Cosmetics
13.10.3 Food and Beverages
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Botanical Supplements Market: Competitive Dashboard
14.2 Global Botanical Supplements Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ricola
14.3.2 Dabur
14.3.3 Procter
14.3.4 Ricola
