Global Botanical Supplements Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product Type;

Capsules, Tablets, Liquid, and Powder.

By Usage;

Sports Drink, Energy Bars, and Functional Foods.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn539078433 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Botanical Supplements Market (USD Million), 2020 - 2030

In the year 2023, the Global Botanical Supplements Market was valued at USD 16,386.89 million. The size of this market is expected to increase to USD 25,132.13 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.

The global botanical supplements market stands at the forefront of a burgeoning wellness movement, fueled by a growing consumer inclination towards natural and holistic health solutions. With a rich history rooted in traditional medicine systems like Ayurveda, Traditional Chinese Medicine (TCM), and Native American remedies, botanical supplements offer a diverse array of herbal extracts, vitamins, minerals, and other bioactive compounds. This market segment has witnessed remarkable expansion in recent years, driven by increasing awareness regarding preventive healthcare, rising disposable incomes, and a shift towards organic and plant-based lifestyles.

The botanical supplements market is its remarkable diversity, encompassing a vast spectrum of herbs and plant extracts known for their therapeutic properties. From popular supplements like turmeric, ginseng, and ginger, renowned for their anti-inflammatory and immune-boosting benefits, to lesser-known botanicals like ashwagandha, maca, and moringa, each ingredient offers unique health advantages. Moreover, advancements in extraction technologies and formulation techniques have enabled manufacturers to deliver these botanical compounds in various convenient formats, including capsules, tablets, powders, and liquid extracts, catering to diverse consumer preferences and lifestyles.

The global botanical supplements market is not only witnessing growth in traditional markets but also experiencing a surge in demand from emerging economies, where ancient healing traditions are being rediscovered and integrated into modern healthcare practices. Additionally, heightened research and development activities, coupled with stringent quality standards and regulatory frameworks, are fostering consumer confidence and driving innovation within the industry. As consumers increasingly prioritize health and wellness, the botanical supplements market is poised for continued expansion, offering promising opportunities for manufacturers, retailers, and consumers alike in the quest for natural, plant-based solutions to support overall well-being.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Usage
    3. Market Snapshot, By Region
  4. Global Botanical Supplements Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Health Consciousness
        2. Rise in Preventive Healthcare Practices
        3. Surge in Herbal Medicine Adoption
      2. Restraints
        1. Lack of Standardization
        2. Limited Research on Efficacy
        3. Cultural Barriers
      3. Opportunities
        1. Product Innovation
        2. Online Retail Expansion
        3. Wellness Tourism
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Botanical Supplements Market, By Product Type, 2020 - 2030 (USD Million)
      1. Capsules
      2. Tablets
      3. Liquid
      4. Powder
    2. Global Botanical Supplements Market, By Usage, 2020 - 2030 (USD Million)
      1. Sports Drink
      2. Energy Bars
      3. Functional Foods
    3. Global Botanical Supplements Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bio-Botanica Inc.
      2. Nutraceutical International Corporation
      3. Amway Corporation
      4. The Himalaya Drug Company
      5. The Natures Bounty Corporation
      6. Naturex SA
      7. Herbalife International
      8. Bionorica SE
  7. Analyst Views
  8. Future Outlook of the Market