Home > Food & Beverages > Nutraceuticals > Herbal Supplements > Botanical Supplements Market

Botanical Supplements Market Trends

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

Download Free Sample

Botanical Supplements Market Trends

The botanical supplements industry is witnessing several notable trends shaping its growth. Increasing consumer awareness of health and wellness, coupled with a preference for natural and organic products, drives demand for botanical supplements. The increasing utilization of traditional herbal remedies from various cultures are accelerating the demand for botanical ingredients like turmeric, ashwagandha, and elderberry for their perceived health benefits.

Sustainability and ethical sourcing practices are becoming increasingly important as consumers seek transparency in supply chains. Moreover, technological advancements in extraction methods are improving the bioavailability and potency of botanical supplements, enhancing their efficacy and appeal in the competitive market landscape.

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.