NEWARK, DE / ACCESSWIRE / May 30, 2023 / The global botanical supplements market size is expected to surpass a valuation of US$ 71,963 million in 2023. It is anticipated to hit a valuation of US$ 95,703.2 million by 2033. The market is forecasted to register a CAGR of 3% from 2023 to 2033.

Natural and plant-based goods are gaining popularity among customers. Since they believe they are safe and in line with their choice for natural and holistic approaches to health, many individuals are looking for alternative treatments and supplements made from botanical sources. Additionally, the market for botanical supplements has grown as a result of rising health awareness and the broad wellness trend.

Get an overview of the market contribution of various segments, including country and region-wise historic data and forecast market size - Download your sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14424

Botanical supplements are frequently considered to be a component of a healthy lifestyle since consumers' attention is becoming focused on preserving good health, avoiding diseases, and enhancing their general well-being.

Many botanical supplements provide a variety of alternatives that may be adjusted to meet certain individual needs. To achieve certain health objectives or needs, such as increased energy, reduced stress, or joint support, consumers might take supplements. Moreover, great customer interest has been generated by these goods' personalization and customization options and has been instrumental in the market's development.

Botanical supplements are frequently associated with several health advantages, including immune enhancement, digestive improvement, inflammation reduction, relaxation promotion, and support for general well-being. These supplements' popularity and commercial growth are in part due to their perceived efficacy.

People are taking proactive steps to protect their health and stave off possible illnesses as preventative healthcare receives huge attention. In line with the rising popularity of preventative healthcare, botanical supplements are viewed as a proactive strategy for promoting and improving health.

Key Takeaways:

• The global botanical supplements market size expanded at a notable CAGR of 7.6% from 2018 to 2022.
• In 2018, the global market size stood at US$ 51,506.0 million.
• The market sales accounted for US$ 68,935.42 million in 2022.
• In 2022, asparagus captured a 14.60% share of the market.
• In 2022, the soft gel segment secured a 24.80% share of the global market.
• In 2022, the store-based segment recorded a 76.80% share of the global market.
• In 2022, the United States captured a 21.9% share of the global market.
• In 2022, the United Kingdom secured a 1.7% share of the global market.

To know more about the report, have a word with our analyst now @ https://www.futuremarketinsights.com/ask-question/rep-gb-14424

Recent Developments Observed:

• Unigen Inc. unveiled two novel botanical compounds in February 2022, one intended to assist the immune system and the other to promote respiratory health. Bioflavonoids are included in attention, an ingredient important for respiratory health. It is also reported to improve both innate and adaptive immunity as well as IgA and IgG antibody formation and a normal level of cytokines.
• As part of its continuous botanical expansion, Layn Natural Ingredients expanded its selection of botanical extracts in August 2021 by adding additional Non-GMO Project Verified botanical extracts. Layn Natural Ingredients seek to diversify its botanical range with the introduction of extracts high in polyphenol.
• With ready-to-drink cans filled with hibiscus & French rose seltzer spritz, the Seltzer brand Something & Nothing has started a fashionable botanical trend. With balanced and energizing botanicals, extracts, and juices, the company aspires to produce high-quality spirits and French wines.

Key Players Operating:

• Glanbia Plc
• BASF SE
• Archer Daniels Midland Company
• Naturex SA (Givaudan)
• Amway Corporation
• The Bountiful Company (Nestlé)
• Now Foods
• Dabur India Limited
• Himalaya Wellness Company
• Others

Grow your profit margins - Buy this report at a discounted price now @ https://www.futuremarketinsights.com/checkout/14424

Key Segmentation:

By Source:

• Vegetables & Fruits
• Herbs & Spices
• Flowers
• Seeds & Nuts
• Leaves
• Bulbs & Roots
• Barks & berries
• Others

By Form:

• Powder
• Liquid
• Capsule
• Bars
• Gels
• Granules
• Oils
• Others

By Distribution Channel:

• Offline Stores
• Online Retails

By Application:

• Food & Beverages
• Pharmaceuticals
• Sports Nutrition & Dietary Supplements
• Cosmetics and Personal Care
• Pet Care Industry
• Commercial Households
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East & Africa (MEA)

Table of Content (ToC):

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-14424

Explore FMI's related ongoing Coverage in Food and Beverage Domain:

Dietary Supplements Market Size: The global dietary supplements market is expected to reach a market valuation of US$ 163.12 Billion by the year 2022, accelerating with a CAGR of 8% by 2022 to 2032. The dietary supplements market share is anticipated to be valued at about US$ 350.96 Billion by 2032 end.

Liquid Feed Supplements Market Share: The global liquid feed supplements market is anticipated to hold a value of US$ 5,918.2 Million in 2022 and reach US$ 9,732.3 Million by 2032.

Feed Supplements Market Trends: The global market for feed supplements is expected to experience a growth rate of 5.5% during the 2023 to 2033 forecast period. By the end of the aforementioned forecast period, sales are expected to total US$ 5,295 million.

Feed Flavors Market Growth: The Feed Flavor market is expected to grow at a CAGR of 5.1%. The market value projected to increase is from US$ 2,912.9 Million in 2022 to US$ 4,790.2 Million by 2032.

Animal Feed Additives Market Forecast: The animal feed additives market totaled US$ 16.36 Billion in 2021, as per the latest market survey by ESOMAR-certified consulting firm Future Market Insights (FMI). Overall animal feed additives demand is anticipated to grow at a steady pace, exhibiting a 2.70% CAGR through 2031.

Insoluble Dietary Fiber Market Types: The insoluble dietary fiber market is currently valued at US$ 2,200 Million and is expected to develop at a 9.2% CAGR, reaching US$ 5304.6 Million.

Dietary Fibres Market Analysis: The dietary fibers market is valued at nearly US$ 8.47 Billion in 2021. The market is likely to grow at a CAGR of 10.6% through 2032 with a projection value of US$ 18.6 Billion.

Herbal Supplements Market Outlook: The herbal supplements market, in terms of value, is projected to reach around US$ 90.8 Billion in 2022, at a CAGR of 7.8% from 2022 to 2032.

Probiotic Supplements Market Overview: The probiotic supplements market is estimated to be valued at US$ 7,078.1 million in 2023. It is anticipated to reach US$ 23,977.9 million in 2033. The market is expected to grow at an impressive CAGR of 13.0% from 2023 to 2033.

Probiotic Yogurt Market Demand: The adoption of probiotics yogurt is expected to increase at a CAGR of 8.00% during the forecast period. The probiotics yogurt market size is anticipated to rise from US$ 26,543 million in 2023 to US$ 58,092.8 million in 2033.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

SOURCE: Future Market Insights, Inc.