Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

The botanical supplements are popularly known as herbal medicinal products and are in high demand due to growing consumer awareness about health and wellness. Botanical supplements include, fresh or dried products in different forms such as tablets, capsule, powder and tea bags. Garlic, ginger, santalum, plantago, ginseng, rhodiola extract, red clover extract, and soy extract are some of the widely-used botanical supplements across the globe.

Statistics:

The global botanical supplements market is estimated to account for US$ 90.2 Bn in 2020 in terms of value and is expected to reach US$ 150.1 Bn by the end of 2027.

Global Botanical Supplements Market: Drivers

Increasing prevalence of chronic disorder is expected to propel growth of the global botanical supplements market over the forecast period. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Moreover, increasing geriatric population is also expected to aid in growth of the global botanical supplements market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034.         

Statistics:

Pharmaceutical application held dominant position in the global botanical supplements market in 2019, accounting for 47.8% share in terms of value, followed by Food and beverages and Personal care, respectively.

Figure 1. Global Botanical Supplements Market Share (%), by Value, by Application, 2019

Botanical Supplements  | Coherent Market Insights

Global Botanical Supplements Market: Restraints

No standardization of botanical supplements is expected to hinder growth of the global botanical supplements market. Botanical supplements are not required by federal law to be tested for safety and effectiveness before they are marketed.

Moreover, adulteration of botanical ingredients is also expected to limit growth of the market.

request-sample

Botanical Supplements Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2020: US$ 90.2 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.5% 2027 Value Projection: US$ 150.1 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Application: Food and beverages, Pharmaceutical, Personal care.
  • By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
Companies covered:

ChromaDex, Inc., Nutraceutical International Corporation, NBTY, Inc., Surya Herbal, Ltd., BASF SE, NaturaLife Asia Co., Ltd., Bio-Botanica Inc., HERBALIFE Nutrition, Archer Daniels Midland Company (ADM), Integrated BioPharma, Inc., The Himalaya Drug Company, Ricola AG, MMJ International Holdings, and Pharmavite LLC.

Growth Drivers:
  • Increasing prevalence of chronic disorder
  • Increasing geriatric population
Restraints & Challenges:
  • Low adoption in some emerging economies
  • Alternative supplement options

Global Botanical Supplements Market: Opportunities 

Government funding for R&D in botanical supplements is expected to offer lucrative growth opportunities for players in the global botanical supplements market. For instance, in June 2020, The National Institutes of Health awarded US$ 6 million to Oregon Health & Science University to establish a research center for botanical dietary supplements.

Moreover, development of personalized botanical supplements is also expected to aid in growth of the market.

The global botanical supplements market was valued at US$ 83.5 Bn in 2019 and is forecast to reach a value of US$ 150.1 Bn by 2027 at a CAGR of 7.5% between 2020 and 2027.

Figure 2. Global Botanical Supplements Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Botanical Supplements  | Coherent Market Insights

Market Trends/Key Takeaways

The U.S. is witnessing regulations regarding botanical supplements. For instance, in September 2020, The Hemp and Hemp derived CBD Consumer Protection and Market Stabilization Act of 2020 was introduced in the U.S. House. The act directs the U.S. Food and Drug Administration (FDA) to use its authority and resources to set a clear regulatory framework for hemp and hemp derived CBD and assure consumer protection.

Major players in the global botanical supplements market are focused on launching new products to expand their product portfolio. For instance, in November 2018, Archer Daniels Midland Company (ADM) launched Onavita algal DHA powder to its line of omega-3 product solutions.

Global Botanical Supplements Market: Competitive Landscape

Major players operating in the global botanical supplements market include, ChromaDex, Inc., Nutraceutical International Corporation, NBTY, Inc., Surya Herbal, Ltd., BASF SE, NaturaLife Asia Co., Ltd., Bio-Botanica Inc., HERBALIFE Nutrition, Archer Daniels Midland Company (ADM), Integrated BioPharma, Inc., The Himalaya Drug Company, Ricola AG, MMJ International Holdings, and Pharmavite LLC.

Global Botanical Supplements Market: Key Developments

Major players in the global botanical supplements market are focused on approval and launch of new products to expand their product portfolio. For instance, in October 2020, MMJ International Holdings, the premier medical cannabis research company, announced that it has received DEA approval to ship THC and CBD from Canada. MMJ International Holdings is developing oral drug products from natural whole plant extract derivatives from the marijuana plant containing THC and CBD.

A botanical supplement is produced to add nutrients to the diet and lower the risk of health problems such as osteoporosis and arthritis. It is available in the form of capsules, powders, gel tabs, pills, extracts, and liquids and contains minerals, vitamins, fiber, herbs, amino acids, enzymes. Botanical supplement is ideal for people don't get enough intake vitamins and minerals from the normal diet. Weight loss, sports nutrition, general wellbeing, immune and digestive health, bone and joint health, heart health, and other specific requirements are some of the major applications of dietary supplements. They are easily available in health & beauty stores, internet, pharmacies/drugstores, hypermarket/supermarket, and direct selling.

Restraints of the Global Botanical Supplements Market

Major factors hampering the growth of the botanical supplements market during the forecast period constitutes of low adoption in some emerging economies, and alternative supplement options.

Key features of the study:

  • This report provides in-depth analysis of the global botanical supplements market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global botanical supplements market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include ChromaDex, Inc., Nutraceutical International Corporation, NBTY, Inc., Surya Herbal, Ltd., BASF SE, NaturaLife Asia Co., Ltd., Bio-Botanica Inc., HERBALIFE Nutrition, Archer Daniels Midland Company (ADM), Integrated BioPharma, Inc., The Himalaya Drug Company, Ricola AG, MMJ International Holdings, and Pharmavite LLC.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global botanical supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Botanical Supplements Market, By Application:
    • Food and beverages
    • Pharmaceutical
    • Personal care
  • Global Botanical Supplements Market, By Distribution Channel:
    • Hospital Pharmacies
    • Retail Pharmacies
    • Online Pharmacies
  • Global Botanical Supplements Market, By Geography:
    • North America
      • By Application
        • Food and beverages
        • Pharmaceutical
        • Personal care
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Application
        • Food and beverages
        • Pharmaceutical
        • Personal care
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Application
        • Food and beverages
        • Pharmaceutical
        • Personal care
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Application
        • Food and beverages
        • Pharmaceutical
        • Personal care
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Application
        • Food and beverages
        • Pharmaceutical
        • Personal care
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Application
        • Food and beverages
        • Pharmaceutical
        • Personal care
      • By Distribution Channel
        • Hospital Pharmacies
        • Retail Pharmacies
        • Online Pharmacies
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • ChromaDex, Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Nutraceutical International Corporation
    • NBTY, Inc.
    • Surya Herbal, Ltd.
    • BASF SE
    • NaturaLife Asia Co., Ltd.
    • Bio-Botanica Inc.
    • HERBALIFE Nutrition
    • Archer Daniels Midland Company (ADM)
    • Integrated BioPharma, Inc.
    • The Himalaya Drug Company
    • Ricola AG
    • MMJ International Holdings
    • Pharmavite LLC

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Application
      • Market Snippet, By Distribution Channel
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Global Botanical Supplements Market, By Application, 2020 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Food and beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Pharmaceutical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Personal care
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Botanical Supplements Market, By Distribution Channel, 2020 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospital Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Retail Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Online Pharmacies
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Botanical Supplements Market, By Regions, 2020 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • ChromaDex, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Nutraceutical International Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • NBTY, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Surya Herbal, Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • NaturaLife Asia Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Bio-Botanica Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • HERBALIFE Nutrition
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Archer Daniels Midland Company (ADM)
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Integrated BioPharma, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • The Himalaya Drug Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Ricola AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • MMJ International Holdings
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies       
      • Pharmavite LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 34 market data tables and 22 figures on “Botanical Supplements Market – Global forecast to 2027.

Frequently Asked Questions

The global botanical supplements market was valued at US$ 83.5 Bn in 2019 and is forecast to reach a value of US$ 150.1 Bn by 2027 at a CAGR of 7.5% between 2020 and 2027.
Major factor driving the growth of global botanical supplements market during the forecast period include increasing prevalence of chronic disorder, and increasing geriatric population
Major factors hampering the growth of the botanical supplements market during the forecast period constitutes of low adoption in some emerging economies, and alternative supplement options.
Pharmaceutical segment held dominant position in the global botanical supplements market in 2019.
North America Botanical Supplements market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are ChromaDex, Inc., Nutraceutical International Corporation, NBTY, Inc., Surya Herbal, Ltd., BASF SE, NaturaLife Asia Co., Ltd., Bio-Botanica Inc., HERBALIFE Nutrition, Archer Daniels Midland Company (ADM), Integrated BioPharma, Inc., The Himalaya Drug Company, Ricola AG, MMJ International Holdings, and Pharmavite LLC.
Existing Clientele

Joining thousands of companies around the world committed to making the Excellent Business Solutions.

View All Our Clients

Our Trusted Patner