According to a new market research report published by sheer analytics and insights, “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”, as per the latest market research report titled Global Botanical Supplements Market– Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
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Increased innovations to manufacture the botanicals consists of broad range of amino acids and also to target the specific functions which include muscle repair, weight loss, energy balance by different producers will help to accelerate the growth of this market during the forecasted period. Increased health consciousness among the consumers over the diet and to enhance care towards preventive healthcare have made the consumers to opt for healthy imparting botanical supplements. This will also help the market to grow.
Geographically, The Global Botanical Supplements Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
The primary key 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.
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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
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Cardiac Health
Global Botanical Supplements Market, By End-Use
Global Botanical Supplements Market, By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America, Middle East & Africa
- South Africa
- Rest of LAMEA
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