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Botanical Supplements Market
Botanical Supplements Market By Source (Vegetables & Fruits, Herbs & Spices, Flowers,
Seeds & Nuts, Leaves, Barks & berries), Form (Powder, Liquid, Capsule, Bars, Gels,
Granules, Oils), Application (Food & Beverages, Pharmaceuticals, Sports Nutrition & Dietary
Supplements, Cosmetics and Personal Care) & Region - Forecast 2022 - 2032
March 2022 | REP-GB-14424 |
350 pages
|
Food and
Beverage
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Botanical Supplements Market Outlook
(2022 – 2032)
[350 Pages Report] The botanical supplements market is
valued at US$ 55.6 Bn in 2022 and is projected to grow at a
CAGR of 7.7% during the forecast period, to reach a value of
US$ 116.7 Bn by 2032. Newly released data from Future
Market Insights market analysis shows that global botanical
supplements demand is projected to grow year-on-year (Y-o-Y)
growth of 7.3% in 2022.
Botanical Supplements Market Size Value in
2022
US$ 55.6
Bn
Botanical Supplements Market Forecast Value in
2032
US$ 116.7
Bn
Global Growth Rate (2022 to 2032)
~7.7%
CAGR
Forecast Period
2022-2032
Collective Value Share: Top 3 Countries (2021A) 44.2%
Apart from providing authentic taste to products, botanical
supplements also come with perceived health benefits. For
instance, green tea extract can well maintain cardiovascular
health and Echinacea plant can boost immune system.
According to research, 97% of European consumers can
perceive the term of botanical or herbal supplements well, while
82% trust on such products to maintain a natural and strong
health.
2017-2021 Botanical Supplements Market
Outlook Compared to 2022-2032 Forecast
Botanical supplements demand grew at 6.8% CAGR between
2017 and 2021. Botanical supplements, being a rich source of
antioxidant and pheno