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Global Botanical Supplements Market Outlook, Share, Growth: By Source: Herbs, Leaves, Spices, Flowers, Others; By Form: Powder Supplements, Capsules and Tablets, Others; By Application; Pharmaceuticals, Food and Beverages, Personal Care, Others; By Distribution Channel; Market Dynamics; Competitive Landscape; 2024-2032
Global Botanical Supplements Market Outlook
The global botanical supplements market size is projected to grow at a CAGR of 7.4% between 2024 and 2032. The major market drivers are the increasing prevalence of mental health issues like depression and anxiety.
Key Takeaways
- 1/5 of American adults consume botanical supplements due to their beneficial health impacts.
- Botanical products represent nearly 19% of total sales of dietary supplements in the USA.
- Herb formulas constitute 18.1% of the total sales of sleep supplements annually in the USA.
An increase in the prevalence of mental health disorders like anxiety and depression has prompted consumers to switch towards the consumption of botanical supplements. Botanical supplements increase brain functions and help in improving sleep quality among adults and teenagers. Besides, the growing popularity of ayurveda is one of the key botanical supplements market trends. As ayurveda is increasingly associated with an all-in-one solution for various physiological and mental disorders, the demand for botanical supplements is rising.
Apart from herbal formulations and medicines, there has been a significant increase in the consumption of mushroom supplements. This can be attributed to rising health consciousness and increasing focus on boosting immunity. In 2023, multi-mushroom formulas constituted 78.9% of all sales of mushroom supplements in the United States, indicating a significant demand for medicinal mushrooms, which is likely to lead to the global botanical supplements market growth in the coming years.
Rising disposable incomes and an increasing geriatric population are further surging the consumption of botanical supplements. Botanical supplements are also widely consumed by millennials aged between 25-45 years. Well-educated consumers and single-child families represent some of the key targets for key botanical supplements market players. Over the forecast period, technological advancements that enable quicker absorption of botanical supplements by the body are likely to drive the market growth.
Market Segmentation
Global Botanical Supplements Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
- Herbs
- Leaves
- Spices
- Flowers
- Others
Market Breakup by Form
- Powder Supplements
- Capsules and Tablets
- Others
Market Breakup by Application
- Pharmaceuticals
- Food and Beverages
- Personal Care
- Others
Market Breakup by Distribution Channel
- Supermarket and Hypermarket
- Pharmacies and Drug Stores
- Online Retail Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key botanical supplements market players are engaged in scaling up their production capacities to design unique botanical supplements that cater to the needs of an ageing population and improve their health and fitness levels.
The key market players are Glanbia plc, NOW Health Group, Inc., The Nature's Bounty Co., Herbalife International of America, Inc., Amway Corp., Dabur India Ltd., Gaia Herbs, Inc., Himalaya Global Holdings Ltd., Pinnacle Health Nutrition Limited, and MartinBauer, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup By Source |
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| Breakup by By Form |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Botanical Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Botanical Supplements Historical Market (2018-2023)
8.3 Global Botanical Supplements Market Forecast (2024-2032)
8.4 Global Botanical Supplements Market by Source
8.4.1 Herbs
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Leaves
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Spices
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Flowers
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Botanical Supplements Market by Form
8.5.1 Powder Supplements
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Capsules and Tablets
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Botanical Supplements Market by Application
8.6.1 Pharmaceuticals
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Food and Beverages
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Personal Care
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Botanical Supplements Market by Distribution Channel
8.7.1 Supermarket and Hypermarket
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Pharmacies and Drug Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Online Retail Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Botanical Supplements Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Botanical Supplements Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Botanical Supplements Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Botanical Supplements Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Botanical Supplements Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Botanical Supplements Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Glanbia plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 NOW Health Group, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 The Nature's Bounty Co.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Herbalife International of America, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Amway Corp.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Dabur India Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Gaia Herbs, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Himalaya Global Holdings Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Pinnacle Health Nutrition Limited
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 MartinBauer
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Botanical Supplements Market: Key Industry Highlights, 2018 and 2032
2. Global Botanical Supplements Historical Market: Breakup by Source (USD Million), 2018-2023
3. Global Botanical Supplements Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Botanical Supplements Historical Market: Breakup by Form (USD Million), 2018-2023
5. Global Botanical Supplements Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Global Botanical Supplements Historical Market: Breakup by Application (USD Million), 2018-2023
7. Global Botanical Supplements Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Botanical Supplements Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Global Botanical Supplements Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Global Botanical Supplements Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Botanical Supplements Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Botanical Supplements Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Botanical Supplements Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Botanical Supplements Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Botanical Supplements Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Botanical Supplements Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Botanical Supplements Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Botanical Supplements Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Botanical Supplements Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Botanical Supplements Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Botanical Supplements Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Botanical Supplements Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.4% between 2024 and 2032.
The different sources of botanical supplements are herbs, leaves, spices, and flowers, among others.
The major forms of botanical supplements are powder supplements and capsules and tablets, among others.
The major distribution channels for botanical supplements include supermarket and hypermarket, pharmacies and drug stores, and online retail stores, among others.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The key market players are Glanbia plc, NOW Health Group, Inc., The Nature's Bounty Co., Herbalife International of America, Inc., Amway Corp., Dabur India Ltd., Gaia Herbs, Inc., Himalaya Global Holdings Ltd., Pinnacle Health Nutrition Limited, and MartinBauer, among others.
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