Botanical Supplements Market Growth to be Impelled by a Robust CAGR throughout 2029
by Henry S. Market ResearchResearch
Nester published a report titled “Botanical Supplements Market: Global Demand Analysis
& Opportunity Outlook 2029” which delivers detailed overview of the global botanical supplements market in terms
of market segmentation by type, capacity, drug type, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
botanical supplements market is estimated to occupy a large revenue by growing
at a notable CAGR during the forecast period, i.e., 2021 – 2029, owing to the rising
consciousness about the health benefits of herbal supplements and increasing
healthcare spending in developed nations. Apart from these, growing consumption
of weight loss and energy drinks worldwide is also expected to drive market
growth.
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Report: https://www.researchnester.com/sample-request-3051
The
global botanical supplements market is segmented by form, application and
distribution channel. Based on form, the segment for capsules is anticipated to
grab the largest market share during the forecast period on the back of
increasing inclination towards tablets and capsules resulting from their ease
of consumption. Furthermore, on the basis of application, the personal care segment
is projected to occupy the largest market share, which can be credited to the
growing trend of healthy diet and weight loss program among adults.
Geographically,
the market is segmented into five major regions, namely North America, Europe,
Latin America, Asia Pacific, and the Middle East & Africa. North America
region is evaluated to grab the largest share in the market during the forecast
period attributing to the growing awareness about herbal foods in the region.
Moreover, the market in Europe is assessed to grow by the highest rate in the
future owing to the rising healthcare expenditure and intensifying adoption of
natural products in the region.
Rising
Awareness about Herbal Supplements to Drive Market Growth
The
growing health consciousness of people around the world is anticipated to
create lucrative opportunities for health manufacturers to launch supplements
with herbal extracts to cater to the changing consumer needs. Furthermore,
the growing trend for organic and vegan food is also assessed to boost the
demand for botanical supplements in the near future.
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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Strategic Report: https://www.researchnester.com/sample-request-3051
However,
lack of stringent regulation regarding safety of herbal supplements is expected
to operate as key restraint to the growth of the botanical supplements market over
the forecast period.
This
report also provides the existing competitive scenario of some of the key
players of the global Botanical Supplements market which includes company
profiling of Himalaya Herbal Healthcare, NOW Health Group, Inc., Amway Corp. (KLSE: AMWAY), The
Bountiful Company, GNC Holdings, LLC, Nature's Way Products, LLC, Gaia Herbs,
Inc., Jarrow Formulas, Inc, Solgar Inc., Ricola Group AG, and others. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the Botanical
Supplements market that will help industry consultants, equipment
manufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
Read
More Information@ https://www.researchnester.com/reports/botanical-supplements-market/3051
About Research
Nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
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strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
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decision in order to avoid future uncertainties.
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Created on Jan 13th 2023 00:03. Viewed 139 times.