Product Code: h1523
“Botanical Supplements Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global botanical supplements market.
This report focuses on botanical supplements market which is experiencing strong growth. The report gives a guide to the botanical supplements market market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the botanical supplements market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Botanical Supplements Market market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider botanical supplements market market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The botanical supplements market market section of the report gives context. It compares the botanical supplements market market with other segments of the botanical supplements market market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, botanical supplements market indicators comparison.
Scope
Markets Covered:
- 1) By Source: Herbs; Leaves; Spices; Flowers; Other Sources
- 2) By Form: Powder; Liquid; Tablets; Capsules; Gummies; Other Forms
- 3) By Application: Energy And Weight Management; Bone And Joint Health; Gastrointestinal Health; Immunity; Cardiac Health; Diabetes; Anti-cancer; Other Applications
- 4) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
- Companies Mentioned: The Himalaya Drug Company; Blackmores Limited; Glanbia Nutritionals; Gaia Herbs llc.; Amway Corporation
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the botanical supplements market are: The Himalaya Drug Company, Blackmores Limited, Glanbia Nutritionals, Gaia Herbs LLC, Amway Corporation, Ricola AG, Procter and Gamble, Bio-Botanica Inc, Herbalife Nutrition, The Nature's Bounty Co., Archer Daniels Midland Company (ADM), MMJ International Holdings, Pharmavite LLC, and Prinova Group.
The global botanical supplements market is expected to grow from $48.01 billion in 2021 to $51.48 billion in 2022 at a compound annual growth rate (CAGR) of 7.24%. The growth is mainly due to the companies' rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $69.33 billion in 2026 at a CAGR of 7.72%.
The botanical supplement market consists of sales of botanical supplements by entities (organizations, sole traders, and partnerships) that manufacture and sell a wide range of health products made from plants, including their oils, roots, seeds, berries, and flowers. A botanical is a plant or plant part that has medical or therapeutic characteristics, as well as flavour and aroma. Botanical supplements are made from botanicals that are used to maintain and improve health.
The main volumetric video components include hardware, software, and services. Volumetric video hardware is used to digitise a three-dimensional space by positioning various cameras around a target.such as cameras and processing units is used to capture things that can be digitised and repositioned on the mobile, web, or virtual worlds and viewed in 3D. The different volumetric video content delivery modes include projectors, AR/VR head-mounted displays (HMD), smartphones, and volumetric displays. The various applications of volumetric video include sports and entertainment, medical, signage and advertising, and education and training.
North America was the largest region in the botanical supplements market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The increasing number of health-conscious consumers is significantly driving the growth of the botanical supplements market. Botanical supplements have numerous health benefits, have digestive properties, and are chemical free. According to the International Food Information Council's (IFIC) 2020 food and health survey, Americans have a strong interest in becoming more health-conscious, with 43% following a specific diet or eating pattern in 2020, up 38% from 2019. Also, 54% of all consumers cared more about the healthfulness of their food and beverage choices in 2020 than they did in 2010. Hence, the increasing number of health-conscious people is expected to propel the growth of the botanical supplements market in the forecast period.
Strategic collaborations between companies are a key trend gaining popularity in the botanical supplement market. Companies manufacturing botanical supplements are undergoing partnerships and collaborations to develop new technologies and products. For instance, in July 2021, the American Herbal Pharmacopoeia (AHP), the ABC-AHP-NCNPR Botanical Adulterants Prevention Program (BAPP), and the American Botanical Council (ABC) are all involved in the partnership that shares access to resources on botanical ingredients. The partnership is aimed at helping the dietary supplement sector deal with adulteration by providing access to information and control tools. Also in 2019, the United Natural Products Alliance (UNPA) and the University of Arkansas for Medical Sciences entered into a Memorandum of Understanding (MOU) partnership to advance projects and botanical identification programs.
In July 2021, Bluebird Botanic, a natural supplement company that specialises in hemp and CBD oil based in the United States, acquired Precision Botanicals for an undisclosed amount. The deal enables Bluebird access to Precision's hemp cultivation and extraction facility in Oregon as well as its core science, technology, and data-driven consumer insights. Precision Botanicals is a US-based botanical supplement company and is a producer of cannabidiol products.
The countries covered in the Botanical Supplements Market market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Botanical Supplements Market Characteristics
3. Botanical Supplements Market Trends And Strategies
4. Impact Of COVID-19 On Botanical Supplements
5. Botanical Supplements Market Size And Growth
- 5.1. Global Botanical Supplements Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Botanical Supplements Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Botanical Supplements Market Segmentation
- 6.1. Global Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Herbs
- Leaves
- Spices
- Flowers
- Other Sources
- 6.2. Global Botanical Supplements Market, Segmentation By Form, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Powder
- Liquid
- Tablets
- Capsules
- Gummies
- Other Forms
- 6.3. Global Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Energy And Weight Management
- Bone And Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-cancer
- Other Applications
- 6.4. Global Botanical Supplements Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
7. Botanical Supplements Market Regional And Country Analysis
- 7.1. Global Botanical Supplements Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Botanical Supplements Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Botanical Supplements Market
- 8.1. Asia-Pacific Botanical Supplements Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Botanical Supplements Market
- 9.1. China Botanical Supplements Market Overview
- 9.2. China Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Botanical Supplements Market
- 10.1. India Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Botanical Supplements Market
- 11.1. Japan Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Botanical Supplements Market
- 12.1. Australia Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Botanical Supplements Market
- 13.1. Indonesia Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Botanical Supplements Market
- 14.1. South Korea Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Botanical Supplements Market
- 15.1. Western Europe Botanical Supplements Market Overview
- 15.2. Western Europe Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Botanical Supplements Market
- 16.1. UK Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Botanical Supplements Market
- 17.1. Germany Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Botanical Supplements Market
- 18.1. France Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.2. France Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Botanical Supplements Market
- 19.1. Eastern Europe Botanical Supplements Market Overview
- 19.2. Eastern Europe Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Botanical Supplements Market
- 20.1. Russia Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Botanical Supplements Market
- 21.1. North America Botanical Supplements Market Overview
- 21.2. North America Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Botanical Supplements Market
- 22.1. USA Botanical Supplements Market Overview
- 22.2. USA Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Botanical Supplements Market
- 23.1. South America Botanical Supplements Market Overview
- 23.2. South America Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Botanical Supplements Market
- 24.1. Brazil Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Botanical Supplements Market
- 25.1. Middle East Botanical Supplements Market Overview
- 25.2. Middle East Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Botanical Supplements Market
- 26.1. Africa Botanical Supplements Market Overview
- 26.2. Africa Botanical Supplements Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Botanical Supplements Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Botanical Supplements Market Competitive Landscape And Company Profiles
- 27.1. Botanical Supplements Market Competitive Landscape
- 27.2. Botanical Supplements Market Company Profiles
- 27.2.1. The Himalaya Drug Company
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Blackmores Limited
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Glanbia Nutritionals
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Gaia Herbs LLC
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Amway Corporation
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Botanical Supplements Market
29. Botanical Supplements Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer