Botanical Supplements Market Driven by Increased Research and Product Offerings
The Botanical Supplements Market is evaluated at US$25.799 billion for the year 2021 growing at a CAGR of 6.38% reaching a market size of US$39.767 billion by 2027.
Botanical supplements are dietary supplements created from plants or plant tissues for medicinal or medical purposes. Botanical-based products, often known as photomedicine, are used to treat and prevent a wide range of illnesses and diseases. Consumers are turning to health-imparting herbal supplements as a result of rising health consciousness, increased nutrition concerns, and more attention to preventative healthcare. In contrast to prescription medications, botanical dietary supplements are inexpensive. As producers continue to develop the manufacturing of botanicals with a wide spectrum of amino acids and target particular activities, such as weight loss and muscle regeneration, the market is anticipated to increase dramatically. Growing health concerns and quick technological advancements by manufacturers are two elements that are driving the growth of the botanical dietary supplement market.
Gaia Herbs, Nature’s Bounty Co., Bio-Botanica Inc., Dabur, Ransom Naturals Ltd, Blue Sky Botanics, Prinova Group, Amway Corporation, NOW Foods, Ricola AG and others are a few key major players in the market of synthetic rubber gloves.
Gaia Herbs, Nature’s Bounty Co, a herbal supplements company that was established in 1987, is an active participant in the American herbal products market. Liquid extracts, liquid Phyto caps, lozenges, powders, powder capsules, sprays, tablets, syrups, and teas are among the company’s product offerings. The business sells over 150 herbal products, including proprietary Liquid Phyto-Caps, gummies, functional powders, teas, and liquid extracts. The company grows more than three million plants annually from its Certified Organic farm in the Blue Ridge Mountains of Western North Carolina. The company offers a wide range of botanical supplements that offer various benefits like reducing stress levels, maintaining energy levels, building immune systems among others. Some of the prominent supplements offered by the company are Echinacea Supreme, Sound Sleep, Adrenal Health Daily Support and Energy Vitality. As per a press release, the company launched botanical gummies in October 2021. Sleep Gummies, Ashwagandha Gummies, and Relax Gummies are three gummy formulations designed to promote relaxation.
Nature’s Bounty Co offers a wide range of premium as well as affordably priced nutritional supplements. Various botanical supplements are produced, marketed, and distributed globally by Nature’s Bounty Co. The company has around 22,000 products available under several NBTY and external brands. One of the most recognised and reputable CPG brands in the world was created by The Nature’s Bounty Co. Brands like Nature’s Bounty, Sundown Naturals, Solgar, Osteo Bi-Flex, MET-Rx, Pure Protein, Body Fortress, Puritan’s Pride, and Organic Dr., among others, are part of its product offerings. For instance, Botanical Sleep is a product that is made from Passionflower, Valerian Root, and Hops Extract that promotes sound sleep.
Bio-Botanica Inc is a family-run business that has been specialising in botanicals for over 49 years. It is a leading producer of 500+ high-quality botanical extracts for the nutraceutical, food and beverage, taste and fragrance, and personal care/cosmetic industries. Its R&D, Microbiological, and QC Laboratories are housed in the 160,000 square foot botanical extraction facility owned and operated by Bio-Botanica. A facility that is U.S. FDA registered, pharmaceutically licenced, GMP compliant, and Kosher inspected/certified, as well as having a cutting-edge QC/QA lab, are among the capabilities of Bio-Botanica. The company provides various botanical extracts like Arnica Montana Tincture, Horsetail Grass, Pueraria Mirifica Extract, and Aloe Phytogel that are processed into supplements.
Amway Corporation is part of Alticor Global Holdings Inc. and is a direct seller that makes, sells, and distributes nutrition, beauty, and bath and body products. The company’s product line includes cookware, energy drinks, surface cleaners, surface cleansers with disinfectants, dish detergents, weight management and sports nutrition products, vitamins, minerals, nutritional supplements, and weight management goods. Amway sells goods under the brand names Nutrilite, Artistry, eSpring, Atmosphere, iCook, and Satique. Nutrilite Ashwagandha, Nutrilite Amalaki, Nutrilite Biotin-Cherry Plus, Nutrilite Madhunashini are among its product offerings As per the February 2022 press report, Amway and IIT Bombay have partnered to advance research on nutraceuticals, botanicals, and herbal supplements.
Botanical Supplements Market Scope:
| Report Metric | Details |
| Market size value in 2020 | US$25.799 billion |
| Market size value in 2027 | US$39.767 billion |
| Growth Rate | CAGR of 6.38% from 2020 to 2027 |
| Base year | 2020 |
| Forecast period | 2022–2027 |
| Forecast Unit (Value) | USD Billion |
| Segments covered | Source, Product Form, Distribution Channel, Application, And Geography |
| Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies covered | Gaia Herbs, Bio-Botanica Inc., Nature’s Bounty Co., Dabur, Blue Sky Botanics, Ransom Naturals Ltd, Prinova Group, NOW Foods, Amway Corporation, Ricola AG |
| Customization scope | Free report customization with purchase |
