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North America Botanical Supplements Market Size, Trends: By Source: Herbs, Leaves, Spices, Flowers, Others; By Form: Powder Supplements, Capsules and Tablets, Others; By Distribution Channel: Supermarket and Hypermarket, Pharmacies and Drug Stores, Online Retail Stores, Others; Market Dynamics; Competitive Landscape; 2024-2032
North America Botanical Supplements Market Outlook
The North America botanical supplements market size is projected to expand at a CAGR of 7.1% in the forecast period of 2024-2032.
Key Takeaways
- The increase in the use of botanical supplements can largely be attributed to the rising awareness of preventive health and immunity-boosting products.
- Botanical supplements are broadening their reach beyond traditional user base, appealing to new consumer segments, which include younger demographics, athletes, and individuals with specific health objectives.
- The North America botanical supplements market share is increasing as a result of innovations in botanical health and wellness products, including herbal and plant-based gummies, powders, effervescent tablets, and functional beverages.
The popularity of botanical supplements in North America is on the rise as more and more people are gravitating towards natural products and becoming increasingly conscious of preventive healthcare. This trend is further bolstered by the increased spending on health and wellness and the expanding category of herbal products. The growing elderly population and the escalating prevalence of chronic diseases are anticipated to add to the demand for dietary supplements and medications, including botanical products.
Botanical supplements, prepared from plants, herbs, and extracts, are being adopted by the population for its additional health advantages and wellness properties. This shift is in line with the larger trend towards clean eating, wellness, and the demand for products that are not only sustainable but also deliver practical benefits.
The growth of online retail stores specialising in botanical supplements has also brought a significant transformation in the way customers obtain and purchase these natural health products. Through online platforms, producers and sellers of botanical supplements can reach a global customer base. The convenience of online shopping is highly appreciated by customers, who can easily compare products, prices, and reviews from the comfort of their homes, consequently aiding the North America botanical supplements market growth.
Market Segmentation
“North America 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 Distribution Channel
- Supermarket and Hypermarket
- Pharmacies and Drug Stores
- Online Retail Stores
- Others
Market Breakup by Region
- United States of America
- Canada
Competitive Landscape
The market players are focusing on product diversification, further increasing their partnership and acquisition efforts to strengthen their market presence
- Glanbia plc
- NOW Health Group, Inc.
- The Nature's Bounty Co.
- Herbalife International of America, Inc.
- Amway Corp.
- Gaia Herbs, Inc.
- Himalaya Global Holdings Ltd.
- MartinBauer
- Vitality Works
- Nutraceuticals Factory LLC
- Gourmet Nutrition F.B. INC.
- 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 Form |
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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
7 Opportunities and Challenges in the Market
8 Global Botanical Supplements Market Overview
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 Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Botanical Supplements Market Overview
9.1 Key Industry Highlights
9.2 North America Botanical Supplements Historical Market (2018-2023)
9.3 North America Botanical Supplements Market Forecast (2024-2032)
10 North America Botanical Supplements Market by Source
10.1 Herbs
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Leaves
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Spices
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Flowers
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Botanical Supplements Market by Form
11.1 Powder Supplements
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Capsules and Tablets
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Others
12 North America Botanical Supplements Market by Distribution Channel
12.1 Supermarket and Hypermarket
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Pharmacies and Drug Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online Retail Stores
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 North America Botanical Supplements Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 of Demand
14.4 Key Indicators of 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 Gaia Herbs, Inc.
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 Himalaya Global Holdings Ltd.
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 MartinBauer
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 Vitality Works
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 Nutraceuticals Factory LLC
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 Gourmet Nutrition F.B. INC.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 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. North America Botanical Supplements Market: Key Industry Highlights, 2018 and 2032
3. North America Botanical Supplements Historical Market: Breakup by Source (USD Billion), 2018-2023
4. North America Botanical Supplements Market Forecast: Breakup by Source (USD Billion), 2024-2032
5. North America Botanical Supplements Historical Market: Breakup by Form (USD Billion), 2018-2023
6. North America Botanical Supplements Market Forecast: Breakup by Form (USD Billion), 2024-2032
7. North America Botanical Supplements Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. North America Botanical Supplements Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. North America Botanical Supplements Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Botanical Supplements Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Botanical Supplements Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.1% between 2024 and 2032.
The market is driven by the shift in consumer preference towards plant-based products and the rising consumer awareness regarding preventive health.
The key trends aiding the market expansion include the growing popularity of traditional medical practices and the rise in vegan and vegetarian populations across the country.
The major distribution channels in the market are supermarkets and hypermarket, pharmacies and drug stores, and online retail stores, among others.
The key regional markets for the product are the US and Canada.
The key players in the market are Glanbia plc, NOW Health Group, Inc., The Nature's Bounty Co., Herbalife International of America, Inc., Amway Corp., Gaia Herbs, Inc., Himalaya Global Holdings Ltd., MartinBauer, Vitality Works, Nutraceuticals Factory LLC, and Gourmet Nutrition F.B. INC., among others.
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