The Global Botanical Supplements Market Size valued for USD 52.2 Billion in 2021 and is anticipated to reach USD 93.8 Billion by 2030 with a CAGR of 6.8% from 2022 to 2030.

Pre-dosed botanical products have been used for decades for their therapeutic and health-improving effects. Many nations have laws governing the use of these items as food supplements and medicines within their own borders. A plant or a portion of a plant valued for its therapeutic properties, flavour, or scent is used to make botanical supplements. Products made from botanicals that are used to maintain or improve health are frequently also referred to as herbal supplements. These products may also be referred to as phytomedicines. Despite the fact that 30% of all prescription medications are derived from herbs, many people believe that herbs and botanicals are more natural and therefore safer and gentler than conventional medications. Herbs and botanicals are frequently used for a range of medical issues as well as for general health and wellbeing.

Botanical Supplements Market Dynamics

People are becoming more interested in health-imparting botanical supplements as a result of rising health consciousness, increased attention to preventive healthcare, and increased concern over diet. Numerous manufacturers of botanical supplements have released complementary treatments for common female issues like hot flashes, menopause, and insomnia. Major end users of botanical therapies and supplements are older consumers and women in their middle years.

Demand for these supplements is rising as a result of increased advertising and easy over-the-counter availability of botanical supplements. Due to the increasing use of the internet and social media, consumers are currently more likely to self-medicate. Over the course of the forecast period, these factors are anticipated to fuel the growth of the global market for botanical supplements.

In the UK's alcohol industry, botanical supplements are experiencing promising futures, particularly with the gin brands. Although gin is naturally composed of juniper, citrus, and a few spices and roots, premium gins are increasingly being created with the addition of botanicals like cherry blossom, bergamot, yuzu fruit, gentian, wormwood, quassia, and cinchona in addition to anise and licorice due to improved consumer taste and preferences.

Botanical Supplements Market Insights

Source, form, application, end-use, and region are the five segments of the botanical supplements market. Based on the source; the market is segmented into leaves, barks, fruits & vegetables, and roots. Based on form, the market is split into capsules & tablets, syrups, powder, and oils. The application segment is further divided into pharmaceuticals, food & beverages, personal care, and others (animal feed, agriculture). By end-use, the segmentation includes infant, adults, children, pregnant women, and old-aged. Furthermore, the region segment is categorized into North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

Global Botanical Supplements Market Geographical Competition

The regional market for botanical supplements is expanding thanks to the quickly developing economies in the area. The use of natural supplements and their advantages are becoming more widely known among locals, which is helping the market expand. The value of the regional market is being boosted by the rising disposable income of the middle class and the long-standing tradition of botanical medicine in nations like India, China, and Thailand. Throughout the forecast period from 2022 to 2030, it is expected that the region's functional food and beverage industry's rapidly expanding demand for botanical sources will generate potential business opportunities.

Global Botanical Supplements Industry Segment Analysis

Market By Source

·         Leaves

·         Barks

·         Fruits & vegetables

·         Roots

Market By Form

·         Capsules & tablets

·         Powder

·         Syrups

·         Oils

Market By Application

·         Pharmaceuticals

·         Food & beverages

·         Personal care

·         Others (animal feed, agriculture)

Market By End-Use

·         Infant

·         Children

·         Adults

·         Pregnant Women

·         Old-aged

Botanical Supplements Market Leading Companies

The players profiled in the report are Archer Daniels Midland Company, Glanbia plc, Herbalife International of America, Inc., Blackmores, Nutraceutical International Corporation, and others.

Botanical Supplements Market Regions