Botanical blends are obtained from the plants or the parts of the plants such as fruits, flowers, herbs, seeds, roots or leaves. Botanical blends are formulated by the herbalists, and these are the combination of two or more plants ingredients. There are different types of botanical blends that are used for different purposes. Some botanical blends are used in dietary supplements, aromatherapy, pet foods, and functional foods, and some are used in or as a cosmetic, and personal care product. The ultimate motive of botanical blends is to make the body healthy and beautiful. Various types of botanical blends products are available in the market such as oil, cream, bath salt, and many others. Growing consumer’s attraction towards herbal and natural products is expected to boost the demand for the botanical blends during the forecast period.
Health Benefits of Botanical Blends
Botanical blends are used for a number of application in cosmetic, food, and pharmaceutical industries. Botanical blends are considered as the natural and safe product as it does not contains chemicals. Botanical blends are very beneficial for health and wellness and are used in the dietary supplements and in pharmaceutical industries. Some botanical blends are used for mental and emotional wellbeing. From history, the herbalists of traditional Chinese medicines and other disciplines such as Ayurveda have formulated plant-based medicines by the combination of different plant ingredients. These medicines are used to heal various health problems. Some of the botanicals that are used for mental health are mucuna prureins, cocoa, maca, fallopia multiforra, ashwagandha, rhodiola rosea, and gotu kola. So, by these factors, it is expected that the demand for botanical blends would be high in the near future.
Global Botanical Blends: Market Segmentation
On the basis of source, the global botanical blends market has been segmented as-
On the basis of form, the global botanical blends market has been segmented as-
On the basis of packaging, the global botanical blends market has been segmented as-
- PET Bottles
- Glass Bottles
- Paper Bags
- Metallic Container
On the basis of end use, the global botanical blends market has been segmented as-
- Dietary Supplements
- Cosmetic & Personal Care
- Pharmaceutical Industry
- Pet Foods
- Functional Foods
- Flavor & Fragrances
On the basis of distribution channel, the global botanical blends market has been segmented as-
- Store Based Retailing
- Healthcare Stores
- Speciality Stores
- Online Based Retailing
Global Botanical Blends: Key Players
Some of the global topmost manufacturers and suppliers of botanical blends are Botanical Blends, LLC, Botanika Blends, Cinda’s Botanical Blends, LLC, Vega (US), Rocktails Drinks Ltd, PETAL SPARKLING BOTANICALS, Komehsa Essentials LLC, Tollden Farms, Dr O's Botanical Blends., KORA Organics, Naturex S.A, Zen's Tea House and Pipa Botanicals. More Industrialists and manufacturers are showing a keen interest in the botanical blends as the demand for the product is growing in the pharmaceutical and cosmetic industry.
Opportunities for Market Participants:
Globally growing consumer’s health consciousness and attraction towards natural and herbal products is expected to boost the demand for the botanical blends market during the forecast period owing to the significant health benefits of botanical blends. In addition, increasing demographic trend regarding beauty and personal care would have a significant impact on the botanical blends market as botanical blends are used in various cosmetic products including scrub, face creams, hair oil, perfumes, and face powders. Also, botanical blends are used to manufacture flavor and fragrances the demand for flavors are increasing globally due to increment in the number of food and beverages industries. Hence, there is an excellent opportunity for the botanical blends manufacturer to target food industries. New players who are going to invest in the market should focus on the dietary supplements, functional foods, and pet foods as the demand for these products are escalating globally due to the increasing trend of gym and fitness and health consciousness. By considering the above factors, it is expected that the botanical blends market will grow positive during the forecast period.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.