Consumption of Botanical Supplements Rising to Meet Digestive and Cardiovascular Health Needs: Fact.MR Report
Consumption of Botanical Supplements Rising to Meet Digestive and Cardiovascular Health Needs: Fact.MR Report
As per a new study released by Fact.MR, a leading market research and competitive intelligence provider, the global Botanical Supplement Marketis estimated to reach a valuation of US$ 34.2 billion in 2034 and advance at a CAGR of 5.9% from 2024 to 2034.
The growing trend of customers looking for natural solutions for their health and well-being has led to a surge in demand for botanical supplements. These plant-based goods are becoming more and more well-liked in a variety of industries, including nutrition, cosmetics, and medicine.
The potential of botanical supplements to boost immune function and stress management is gaining traction in the healthcare industry. To capitalize on their inherent qualities, the beauty industry is adding plant extracts to skincare and haircare products. Certain botanical supplements are advised by nutritionists and dietitians to support well-balanced meals and treat particular health issues.
Need for additional natural product alternatives and a move toward holistic health practices are what is driving this increased interest. The industry is growing to accommodate a range of customer demands as research into the effectiveness of different botanical compounds continues.
There are drawbacks to the consumption of botanical supplements as well, such as making sure the product is of a high caliber and teaching customers how to consume them properly. Notwithstanding these obstacles, the adaptability and possible advantages of botanical supplements keep propelling their rising acceptance in a variety of industries.
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Leading Players Driving Innovation in the Botanical Supplement Market:
The Key Players in the Infant Botanical Supplement Industry include Nature’s Bounty Co.; Himalaya Drug Company; Amway Corporation; GNC Holdings Inc.; NOW Foods; Dr Willmar Schwabe GmbH; Herbalife International; Bio-Botanica Inc.; Dominate Industries; Moringa Agro; DRP Herbal; Green Era Foods & Nutraceutics; MotherTree Nutra Pvt. Ltd.
Botanical Supplement Market News & Trends:
Key players in the market for botanical supplements are putting a lot of effort into obtaining the necessary certifications and label claims, as well as adjusting to changing market trends like the use of botanical extracts and botanical-infused drinks, in order to increase the acceptance of their supplements in major consuming nations like North America and Europe.
In February 2022, Unigen Inc. introduced two novel botanical chemicals, one focused on respiratory health and the other on immune system enhancement. Attention, a respiratory health element, contains two different kinds of bioflavonoids that are said to enhance innate and adaptive immunity, IgA and IgG antibody formation, and a normal level of cytokines.
In 2022, Herbalife launched its convenient meal replacement range with a focus on nutrition. Products include smoothies, snacks, and baked goods.
True.This new market study from MR offers comprehensive details on the pricing points of major global makers of botanical supplements, sales growth, manufacturing capacity, and speculative technical advancement.
Key Takeaways from Botanical Supplement Market Study:
The global botanical supplement market is analyzed to reach a value of US$ 34.2 billion by the end of 2034. The South Korea market is evaluated to expand at a CAGR of 8.2% from 2024 to 2034.
The North American market is forecasted to expand at a CAGR of 1.9% through 2034. East Asia is forecasted to hold a global market share of 27% by 2034.
The United States is projected to occupy a share of 75.6% in North America by 2034. The market has been analyzed to reach a valuation of US$ 4.88 billion by the end of 2034. Based on demography, the baby boomers segment is projected to expand at a CAGR of 5.9% and hold a market share of 34.8% by 2034.
“Incorporation of botanical supplements into functional foods and beverages meets consumer demand for health-promoting products beyond basic nutrition,” says Fact.MR analyst.
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Improvements in Bio-Engineering Benefitting Botanical Supplement Manufacturers
Sustainability advancements like bio-engineering and vertical farming are enhancing the quality of botanical supplements. Blockchain technology is also being used to enhance supply chain transparency and traceability. Globally, people are becoming interested in these innovations, especially in areas where traditional medicine is widely practiced.
Pharmaceutical companies are becoming more interested in the market for botanical supplements, and conventional healthcare is beginning to accept them, thus driving market growth.
More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the botanical supplement market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on form (powder, liquid, capsules, bars, gels, granules, oil), application (drugs, cosmetics, food & beverages), and demography (adult women, adult men, baby boomers, others), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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