According to a recent survey conducted by ChemView Consulting, the Global Botanical Supplements Market grew at a CAGR of 7.1% between 2017-2021 and is estimated to be US$ 32471.8 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.8% and is expected to reach a valuation of US$ 68,816.7 Mn by 2032 end.
Medicinal use of ginkgo biloba herbal supplements can help improve memory. Echinacea also helps prevent colds. Plants have been used medicinally for thousands of years. Botanical supplements, also known as phytomedicine, are made from a variety of leaves, herbs, fruits, or roots that contain all compounds rich in nutrients, vitamins, antioxidants, minerals, and natural ingredients.
All herbal supplements are well tolerated by those who are allergic to the ingredients in their prescription medications and are therefore highly valued for their amazing healing properties with no side effects.
Herbal supplements can boost immunity without causing side effects and have been shown to be effective in relieving allergy symptoms. The main advantage of this product is that these supplements are pocket friendly.
Blending is becoming a trend for herbal supplement manufacturers to offer more product variations.
Ready-to-Use Dietary Supplements Market – WFP and UNICEF estimate that 51 million children under the age of five worldwide I am suffering from acute malnutrition. One million children die each year due to malnutrition. Lack of and access to essential nutrients needed for growth are major causes of malnutrition.
Glucosamine Supplement Market – In recent years, sales of dietary supplements have increased significantly due to an aging population and growing interest in preventive medicine.
Vinpocetine Supplement Market – Consumer behaviour towards health and wellness is constantly changing in recent years. As new trends emerge and exposure to information about various diseases and conditions rapidly increases, companies involved in the dietary supplement industry look beyond their direct competitors and product categories.
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A list of some of the key suppliers present in the market are:
- Dabur India
- NBTY Inc.
- Ricola AG.
- Mondelez International
- Procter and Gamble
- Nutraceutical International Company
- BASF SE
- The Himalaya Drug Company
- Glanbia Nutritionals
- Botanicalife International of America, Inc.
- Blackmores Limited
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
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