Botanical Supplements Market

Botanical Supplements Market - An Overview

The global botanical supplements market is expected to witness strong growth during the forecast period between 2021 and 2031.

Botanical supplements have witnessed increased demand at food production facilities, in the last few years. Rich in antioxidant characteristics, botanical supplements have proven to offer nutritional features to food and beverages and as a result, have witnessed increased demand at food and beverages manufacturing units.

Food products rich in botanical ingredients have proven beneficial for population sections, aiming to reduce weight as well as repair injured muscles in the human body.

Botanical Supplements Market - Trends and Opportunities

Rising prevalence of health-conscious population in leading economies globally is the key growth driver of global botanical supplements market.

Also, growing consumer trends to consume traditional medicines such as Ayurveda could, in turn, fuel the demand for botanical supplements and help create revenue-generation opportunities for prominent players in overall botanical supplements market, in the coming years.

In addition to this, increasing demand for sports nutrition products is projected to help increase demand for botanical supplements and stimulate the growth in global market, in years to come.

Government initiatives and measures, promoting the benefits of botanical supplements and offering funding to leading players could help augment the growth in global market, in the years ahead.

Leave source segment is anticipated to emerge as largest contributor, in terms of revenue, to overall botanical supplements market in future because of rising demand for food products containing leaf-based ingredients in prominent countries worldwide.

Offline distribution channels is expected to emerge as largest revenue contributor to overall market owing to increasing consumer demand for food products rich in botanical supplements from supermarkets and hypermarkets in leading economies globally.

Botanical Supplements Market - Competitive Landscape

Competitive landscape in global botanical supplements market is fragmented owing to prominent presence of leading players. Many of these players have become successful owing to years of delivering consistent results and are expected to hold a large share in global market, in the coming years.

R&D undertakings could be key, revenue-generating growth strategy for well-established players in overall botanical supplements market, in future.

Launch of new botanical supplements could help prominent market players gain a competitive edge over others and help create revenue-generating opportunities.

Prorganiq, in January 2021, announced the launch of new premium botanical supplements which have proven beneficial in improving the health of patients worldwide.

Signing collaborative agreements with smaller players could help leading botanical supplements market players in expanding their market presence and in increasing their revenue shares.

Some of the prominent players in global botanical supplements market include Mondelez International, Dabur India, Proctor and Gamble, BASF SE, and Himalaya Drug Company.

Botanical Supplements Market - Regional Assessment

The global botanical supplements market is divided into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America is expected to be the dominant region in global botanical supplements market in future because of increasing demand for dietary supplements among population sections and rising geriatric population residing in countries such as the U.S and Canada.

Asia Pacific is anticipated to witness significant growth in overall market in future due to rising demand for food products rich in botanical supplements in both developed and developing economies such as China and India.

Europe is projected to witness strong growth in overall botanical supplements market owing to increasing botanical supplements demand to manufacture products such as gin in countries such as the U.K and Germany.

Other regions of the world such as Middle East and Africa and Latin America are expected to witness moderate growth in global market, in the coming years, owing to reduced presence of prominent players in countries belonging to both the regions.