Get In Touch

Medical preparation derived from plants or natural sources is called botanicals. Botanicals are also called herbal or natural supplements. They are available in various dosage forms, such as, oils, tablets, powders, etc. Botanicals have wide applications, ranging from dietary supplements to therapeutic agents. They are widely used in the treatment of various acute and chronic diseases. These preparations can be used on all age groups (infants, pediatrics, as well as adults). Growing incidence and prevalence of diseases such as cardiovascular diseases, obesity, diabetes, etc., along with rising geriatric patient pool, drives the growth of the global botanicals market. Morover, these preparations have minimal or zero side-effects which further boost their adoption among the users. However, despite the booming growth of the botanicals market across the globe, unavailability of scientific data for the claim of botanicals is hampering the growth of the market. Thus, many regulatory bodies have now made it compulsary that any natural product should provide scientific evidence supporting its therapeutic claims prior to commercialization. Furthermore, several governments and regulatory institutes are now funding research studies to secure supporting scientific data which is likely to further boost the adoption of these medical preparations. Other important drivers of the botanicals market are the promotional strategies adopted by the major players, rising awareness of the products, and rise in penetration of e-commerce. 

The global botanicals market can be segmented based on type, intervention, distribution channel, and geography. In terms of type, the market can be divided into powders, tablets, oils, extracts, and others. Based on intervention, the botanicals market can be segregated into Homeopathy, Ayurveda, and Naturopathy. Benefits such as minimal or zero side-effects and improved efficacy of botanicals have led to rapid adoption of these preparations in the treatment of various chronic and acute diseases. Based on distribution channel, the botanicals market can be classified into direct sales and e-commerce. The e-commerce segment is expected to expand at a significant CAGR during the forecast period (2018-2026) due to increase in awareness about botanicals, rise in number of internet users, and ease of use of these preparations. 

Based on geography, the global botanicals market can be classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are expected to hold significant share of the global botanicals market. Key drivers of the market in these regions are rising research & development expenditure, presence of key market players, growing patient pool with chronic diseases, such as diabetes, requiring prolong treatment, and surging demand for botanicals or herbal supplements. The botanicals market in Asia Pacific is expected to grow rapidly during the forecast period due to huge population base, growing geriatric population, and rising awareness about the benefits of botanicals in the region. Moreover, increasing focus of key players for business expansion due to low manufacturing cost propels the growth of the botanicals market in Asia Pacific. 

Major players operating in the global botanicals market include Ricola, Dabur, Omega Protein Corp., Amway, Herbalife, Himalaya Drug Company, Nature's Bounty Co., Naturalife Asia Co., Bio-Botanica Inc., and Bayer AG.

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
  • Europe
  • 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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across 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.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Botanicals Market

Pre Book