The market for Botanical Supplements Market is expected to reach USD$ XX in 2023.
Supplements are generally those products that are utilized to enhance or support any kind of insufficiency in the human body. It is usually taken in the form of pills, capsules, powder, liquid, soft gels, or tea bags. These are generally extracted from herbal or botanical sources. Botanical supplements are generally utilized to treat a range of mental and physical ailments. The usage of botanical supplements is higher among women as compared to men and is increasing with age and education.
The global market for botanical supplements is expanding at a rapid pace and is expected to achieve substantial growth over the period 2016–2023. An increase in work pressure, along with a busy schedule, has led to unhealthy eating habits, which is creating a significant demand for botanical supplements all across the globe.
At present, the Europe region captured the maximum share in revenue from the botanical supplements market and is anticipated to dominate over the forecast period. Influence of people with their peer group, family, neighbors, magazines, and endorsement by celebrities, along with escalating disposable income, is anticipated to expand the growth of the botanical supplement market in North America and Asia Pacific during the forecast period.
The global market for botanical supplements is mainly concentrated in Europe. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
By Demography
By Application
By Sales Channel
By Geography
Dabur India, NBTY Inc., Ricola AG, Mondelez International, Procter & Gamble, Nutraceutical International Company, BASF SE, The Himalaya Drug Company, and others
The market for Botanical Supplements Market is expected to reach USD$ XX in 2023.
The Botanical Supplements Market is expected to see significant CAGR growth over the coming years, at XX% .
The report is forecasted from 2016 -2023.
The base year of this report is 2015.
Dabur India, NBTY Inc., Ricola AG, Mondelez International, Procter & Gamble, Nutraceutical International Company, BASF SE, The Himalaya Drug Company. are some of the major players in the global market.