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Botanical Supplements Market Share

Report ID: GMI10308
Published Date: Jul 2024
Report Format: PDF

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Botanical Supplements Market Share

Botanical Supplements Market Company Share, (2023)

Companies, including Dabur India, NBTY Inc., Ricola AG., Mondelez International, are increasing their market foothold by investing heavily in R&D. In the botanical supplements industry, Dabur India focuses on leveraging traditional Ayurvedic herbs for products tailored to Indian consumers, emphasizing natural ingredients and extensive distribution networks. NBTY Inc. (The Nature's Bounty Co.) prioritizes innovation and scientific research, backing botanical supplements with clinical studies and investing in brand marketing and partnerships for market expansion in North America and globally.

Ricola AG, renowned for Swiss herbal products, emphasizes sustainable sourcing and organic certification, promoting natural remedies through targeted campaigns. Mondelez International integrates herbal supplements into their global distribution channels, leveraging consumer trust in their snack and tea brands to cater to diverse regional preferences and expand market reach.

Botanical Supplements Market Companies

Top companies operating in the botanical supplements industry include:

Dabur India
NBTY Inc.
Ricola AG.
Mondelez International
Procter and Gamble
Nutraceutical International Company
BASF SE
The Himalaya Drug Company
Glanbia Nutritionals
Botanicalife International of America, Inc.
Blackmores Limited

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of botanical supplements reached USD 29.2 billion in 2023 and will record 8.7% CAGR from 2024 to 2032, attributed to the increasing consumer preference for natural & plant-based products, alongside a rising awareness of preventive healthcare.

The powdered segment will demonstrate a 8.8% CAGR through 2032, as this form offers versatility and convenience, allowing consumers to easily incorporate botanical supplements into smoothies, beverages, and baked goods.

North America market will expand at 8% CAGR during 2024 and 2032, driven by evolving consumer preferences towards organic and sustainable products, coupled with advanced R&D efforts that validate the efficacy and safety of botanical supplements in meeting diverse health needs.

Dabur India, NBTY Inc., Ricola AG, Mondelez International, Procter and Gamble, Nutraceutical International Company, BASF SE, The Himalaya Drug Company, and Glanbia Nutritionals among others.