The market for botanical supplements is expected to grow at a CAGR of around 6.9% from 2020 to 2027 and expected to reach the market value of around US$ 76,199.3 Mn by 2027.
Botanical Supplements, herbal dietary supplements, or herbals are the terms used for the source that uses herbs and other natural extracts to provide concentrated amounts of naturally occurring nutrients. These supplements are found in both complementary and traditional medicine and are available in different forms including capsules, gel caps, liquids, tablets, powders, and soft gels.
Market Dynamics
The increasing aging population is accelerating market growth. The growing female buyers for herbal supplements along with the growing use of herbal sources by the young demographic are accelerating the market growth. The increasing consumer awareness about preventive health care measures across the globe is boosting the market growth. In addition, the growth potential in emerging markets, increasing incidence of health disorders, and the side effects of allopathic drugs are projected to create potential opportunities over the forecast timeframe from 2020 to 2027.
On the other side, the high cost of raw material and regulatory impact on the future growth of the herbal supplements market is projected to limit the demand for botanical supplements in the forecast period.
Segment Instance
Pharmaceuticals has registered major share (%) in the Global Botanical Supplements Market
By application, the pharmaceutical segment is the leading segment in the global botanical supplements market. The increasing government initiatives for botanical drug source are accelerating the demand and usage of botanical supplements in Pharmaceuticals. The rapidly increasing pharmaceutical industry particularly at a rapid pace in the developing economies is supporting the segmental market value.
Adults accounted for the maximum revenue share in the Botanical Supplements Market
By end-use, the adult segment is leading the market with maximum share (%) in terms of revenue. The increasing focus towards the healthy body structure, inclination towards natural supplements, and high purchasing power and spending on health and wellness are some of the factors supporting the segmental market value.
Asia Pacific is projected to exhibit fastest growth throughout the forecast period from 2020 to 2027
The rapidly emerging economies of the region are supporting the regional market growth in the botanical supplements market. The rising awareness among the residents about the usage and benefits of natural supplements is further bolstering the growth in the market. The increasing disposable income of the middle-class population coupled with the long-standing tradition of botanical medicine in countries such as India, China, and Thailand are bolstering the regional market value. The growing demand for botanical sources in the functional food and beverage industry of the region which is growing at a rapid pace is further projected to create potential opportunities throughout the forecast period from 2020 to 2027.
Key Market Players
The players profiled in the report include Archer Daniels Midland Company (U.S.), Glanbia plc (Ireland), Herbalife International of America, Inc. (U.S.), Blackmores (Australia), Nutraceutical International Corporation (U.S.), and others. The major market players were involved in mergers and acquisitions, partnerships & collaborations, and new Source development for the expansion of market share (%). For instance, according to the HerbalGram Herb market report data published in 2017, Echinacea (Echinacea spp.) is the most prominent and third most popular herbal supplement in the mainstream retail distribution network in the United States. Additionally, the rising number of clinical studies demonstrating the health benefits of Echinacea also fueled the demand in the market.
Focus Group of Botanical Supplements Market:
R&D Institutes
Technology Providers
Food Supplements Manufacturers/Suppliers
Herbal Supplements Manufacturers/Processors
Suppliers
Intermediary Suppliers
Wholesalers
Dealers
Retailers
Consumers
Market Segmentation
Market By Source
Leaves
Barks
Fruits & vegetables
Roots
Market By Form
Capsules & tablets
Powder
Syrups
Oils
Market By Application
Pharmaceuticals
Food & beverages
Personal care
Others (animal feed, agriculture)
Market By End-Use
Infant
Children
Adults
Pregnant Women
Old-aged
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Botanical Supplements
1.1. Definition and Scope
1.1.1. Definition of Botanical Supplements
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Botanical Supplements Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Botanical Supplements Market By Source
1.2.3. Botanical Supplements Market By Form
1.2.4. Botanical Supplements Market By Application
1.2.5. Botanical Supplements Market By End-Use
1.2.6. Botanical Supplements Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Regulatory Compliance
3.6. Competitive Landscape, 2019
3.6.1. Player Positioning Analysis
3.6.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Botanical Supplements Market By Source
4.1. Introduction
4.2. Botanical Supplements Revenue By Source
4.2.1. Botanical Supplements Revenue (US$ Mn) and Forecast, By Source, 2016-2027
4.2.2. Leaves
4.2.2.1. Leaves Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3. Barks
4.2.3.1. Barks Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4. Fruits & vegetables
4.2.4.1. Fruits & vegetables Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.5. Roots
4.2.5.1. Roots Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5. Botanical Supplements Market Revenue By Form
5.1. Introduction
5.2. Botanical Supplements Revenue (US$ Mn) By Form
5.2.1. Botanical Supplements Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
5.2.2. Capsules & tablets
5.2.2.1. Capsules & tablets Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Powder
5.2.3.1. Powder Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4. Syrups
5.2.4.1. Syrups Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.5. Oils
5.2.5.1. Oils Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Botanical Supplements Market By Application
6.1. Introduction
6.2. Botanical Supplements Revenue (US$) By Application
6.2.1. Botanical Supplements Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.3. Pharmaceuticals
6.3.1. Pharmaceuticals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.4. Food & beverages
6.4.1. Food & beverages Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.5. Personal care
6.5.1. Personal care Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.6. Others (animal feed, agriculture)
6.6.1. Others (animal feed, agriculture) Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Botanical Supplements Market By End-Use
7.1. Introduction
7.2. Botanical Supplements Revenue (US$) By End-Use
7.2.1. Botanical Supplements Revenue (US$ Mn) and Forecast By End-Use, 2016 - 2027
7.3. Infant
7.3.1. Infant Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4. Children
7.4.1. Children Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5. Adults
7.5.1. Adults Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.6. Pregnant Women
7.6.1. Pregnant Women Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.7. Old-aged
7.7.1. Old-aged Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Botanical Supplements Market By Country
8.1. North America Botanical Supplements Overview
8.2. U.S.
8.2.1. U.S. Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
8.2.2. U.S. Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
8.2.3. U.S. Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.4. U.S. Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
8.3. Canada
8.3.1. Canada Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
8.3.2. Canada Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
8.3.3. Canada Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.4. Canada Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Botanical Supplements Market By Country
9.1. Europe Botanical Supplements Market Overview
9.2. U.K.
9.2.1. U.K. Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.2.2. U.K. Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
9.2.3. U.K. Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.4. U.K. Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
9.3. Germany
9.3.1. Germany Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.3.2. Germany Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
9.3.3. Germany Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.4. Germany Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
9.4. France
9.4.1. France Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.4.2. France Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
9.4.3. France Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.4. France Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
9.5. Spain
9.5.1. Spain Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.5.2. Spain Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
9.5.3. Spain Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.4. Spain Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016-2027
9.6.2. Rest of Europe Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016-2027
9.6.3. Rest of Europe Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.4.
9.6.5. Rest of Europe Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Botanical Supplements Market By Country
10.1. Asia Pacific Botanical Supplements Market Overview
10.2. China
10.2.1. China Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.2.2. China Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
10.2.3. China Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.4. China Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
10.3. Japan
10.3.1. Japan Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.3.2. Japan Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
10.3.3. Japan Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.4. Japan Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
10.4. India
10.4.1. India Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.4.2. India Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
10.4.3. India Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.4. India Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
10.5. Australia
10.5.1. Australia Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.5.2. Australia Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
10.5.3. Australia Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.4. Australia Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
10.6. South Korea
10.6.1. South Korea Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.6.2. South Korea Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
10.6.3. South Korea Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.4. South Korea Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
10.7.2. Rest of Asia-Pacific Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
10.7.3. Rest of Asia-Pacific Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.4. Rest of Asia-Pacific Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Botanical Supplements Market By Country
11.1. Latin America Botanical Supplements Market Overview
11.2. Brazil
11.2.1. Brazil Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
11.2.2. Brazil Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
11.2.3. Brazil Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.4. Brazil Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
11.3. Mexico
11.3.1. Mexico Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
11.3.2. Mexico Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
11.3.3. Mexico Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.4. Mexico Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
11.4.2. Rest of Latin America Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
11.4.3. Rest of Latin America Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.4. Rest of Latin America Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
CHAPTER 12. Middle East & Africa Botanical Supplements Market By Country
12.1. Middle East & Africa Botanical Supplements Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
12.2.2. Saudi Arabia Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
12.2.3. Saudi Arabia Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.4. Saudi Arabia Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
12.3. UAE
12.3.1. UAE Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
12.3.2. UAE Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
12.3.3. UAE Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.4. UAE Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Botanical Supplements Market Revenue (US$ Mn) and Forecast By Source, 2016 - 2027
12.4.2. Rest of Middle East & Africa Botanical Supplements Market Revenue (US$ Mn) and Forecast By Form, 2016 - 2027
12.4.3. Rest of Middle East & Africa Botanical Supplements Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.4. Rest of Middle East & Africa Botanical Supplements Market Revenue (US$ Mn) and Forecast By End-Use, 2016 – 2027
CHAPTER 13. Player Analysis Of Botanical Supplements
13.1. Botanical Supplements Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Source Launches and Source Enhancements
13.2.3. Mergers And Acquisition In Global Botanical Supplements Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Archer Daniels Midland Company (U.S.)
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Archer Daniels Midland Company (U.S.) 2019 Botanical Supplements Business Regional Distribution
14.1.4. Source/ Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Glanbia plc (Ireland)
14.3. Herbalife International of America, Inc. (U.S.)
14.4. Blackmores (Australia)
14.5. Nutraceutical International Corporation (U.S.)
14.6. Others