The Latin America, Middle East and Africa Botanical Supplements Market would witness Market growth of 14.4% CAGR during the forecast period (2022-2028).
Consumers are shifting their dietary preferences in favor of foods and food ingredients with possible health advantages as a result of their interest in healthy eating. Botanical supplements are among the finest solutions for customers aiming to live a healthy lifestyle and lower their risk of illness. The growing popularity of botanical products among consumers of various demographics is projected to affect future supplement growth in favor of botanicals. Millennials in both developing and developed nations are well aware of the perceived health benefits of botanical supplements. The category is a significant demographic for botanical supplement firms.
The South American Market has seen significant expansion in recent years, owing to a number of factors such as rising middle-class populations, increased acceptance of healthier lifestyles among the population, and more product releases throughout the region. Along with traditional supplements, demand for botanical supplements is increasing rapidly in countries like Brazil and Argentina, which is a favorable element for the Market 's growth. Furthermore, in MEA nations like South Africa, the United Arab Emirates, Saudi Arabia, and others, rising consumer desire to lower their risk of sickness and rising health expenditure is expected to drive Market expansion.
The African region which is home to a large number of people who do not get access to proper nutrition is bound to be a potential Market for botanical supplements. The land in this region is not particularly great for farming, thus leading to the widespread hunger and malnutrition crisis in the region. These supplements will provide these people with sufficient necessary vitamins and minerals. The case is similar with people living in the Middle Eastern region.
The Brazil Market dominated the LAMEA Botanical Supplements Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $1.3 billion by 2028. The Argentina Market is poised to grow at a CAGR of 15% during (2022 - 2028). Additionally, The UAE Market would witness a CAGR of 14.1% during (2022 - 2028).
Based on Source, the Market is segmented into Leaves, Spices, Herbs, Flowers, and Others. Based on Form, the Market is segmented into Tablets & Capsules, Powder, Liquid, Gummies, and Others. Based on Application, the Market is segmented into Energy & Weight Management, General Health, Bone & Joint Health, Cardiac Health, Immunity, Gastrointestinal Health, Diabetes, Anti-cancer, and Others. Based on Distribution Channel, the Market is segmented into Online and Offline. Based on countries, the Market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Botanical Supplements Market is Predict to reach $55.7 Billion by 2028, at a CAGR of 8.9%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Ricola Group Ltd., Nutraceutical Corporation, Blackmores Limited, Dabur India Ltd., Mondelez International, Inc., The Procter and Gamble Company, Glanbia PLC, BASF SE, The Bountiful Company (Nestlé SA), and The Himalaya Drug Company (Himalaya Global Holdings Ltd.)
Scope of the Study
Market Segments Covered in the Report:
By Source
- Leaves
- Spices
- Herbs
- Flowers
- Others
By Form
- Tablets & Capsules
- Powder
- Liquid
- Gummies
- Others
By Application
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Cardiac Health
- Immunity
- Gastrointestinal Health
- Diabetes
- Anti-cancer
- Others
By Distribution Channel
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Ricola Group Ltd.
- Nutraceutical Corporation
- Blackmores Limited
- Dabur India Ltd.
- Mondelez International, Inc.
- The Procter and Gamble Company
- Glanbia PLC
- BASF SE
- The Bountiful Company (Nestlé SA)
- The Himalaya Drug Company (Himalaya Global Holdings Ltd.)
TABLE 1 LAMEA Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 4 LAMEA Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 5 LAMEA Leaves Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Leaves Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Spices Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Spices Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Herbs Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Herbs Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Flowers Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Flowers Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 16 LAMEA Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 17 LAMEA Tablets & Capsules Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Tablets & Capsules Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Powder Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Powder Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Liquid Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Liquid Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Gummies Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Gummies Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 28 LAMEA Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 29 LAMEA Energy & Weight Management Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Energy & Weight Management Market by Country, 2022 - 2028, USD Million
TABLE 31 LAMEA General Health Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA General Health Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Bone & Joint Health Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Bone & Joint Health Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Cardiac Health Market by Country, 2018 - 2021, USD Million
TABLE 36 LAMEA Cardiac Health Market by Country, 2022 - 2028, USD Million
TABLE 37 LAMEA Immunity Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Immunity Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA Gastrointestinal Health Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA Gastrointestinal Health Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Diabetes Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Diabetes Market by Country, 2022 - 2028, USD Million
TABLE 43 LAMEA Anti-cancer Market by Country, 2018 - 2021, USD Million
TABLE 44 LAMEA Anti-cancer Market by Country, 2022 - 2028, USD Million
TABLE 45 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 46 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 47 LAMEA Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 LAMEA Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 LAMEA Offline Market by Country, 2018 - 2021, USD Million
TABLE 50 LAMEA Offline Market by Country, 2022 - 2028, USD Million
TABLE 51 LAMEA Online Market by Country, 2018 - 2021, USD Million
TABLE 52 LAMEA Online Market by Country, 2022 - 2028, USD Million
TABLE 53 LAMEA Botanical Supplements Market by Country, 2018 - 2021, USD Million
TABLE 54 LAMEA Botanical Supplements Market by Country, 2022 - 2028, USD Million
TABLE 55 Brazil Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 56 Brazil Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 57 Brazil Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 58 Brazil Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 59 Brazil Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 60 Brazil Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 61 Brazil Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 62 Brazil Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 63 Brazil Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 Brazil Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Argentina Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 66 Argentina Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 67 Argentina Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 68 Argentina Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 69 Argentina Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 70 Argentina Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 71 Argentina Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 72 Argentina Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 73 Argentina Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 74 Argentina Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 75 UAE Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 76 UAE Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 77 UAE Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 78 UAE Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 79 UAE Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 80 UAE Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 81 UAE Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 82 UAE Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 83 UAE Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 84 UAE Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 89 Saudi Arabia Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 90 Saudi Arabia Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 91 Saudi Arabia Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 92 Saudi Arabia Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 93 Saudi Arabia Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 94 Saudi Arabia Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 95 South Africa Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 96 South Africa Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 97 South Africa Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 98 South Africa Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 99 South Africa Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 100 South Africa Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 101 South Africa Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 102 South Africa Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 103 South Africa Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 104 South Africa Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 105 Nigeria Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 106 Nigeria Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 107 Nigeria Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 108 Nigeria Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 109 Nigeria Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 110 Nigeria Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 111 Nigeria Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 112 Nigeria Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 113 Nigeria Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 114 Nigeria Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 119 Rest of LAMEA Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 120 Rest of LAMEA Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 121 Rest of LAMEA Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 122 Rest of LAMEA Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 123 Rest of LAMEA Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 124 Rest of LAMEA Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 125 Key Information – Ricola Group Ltd.
TABLE 126 Key Information – Nutraceutical Corporation
TABLE 127 Key Information – Blackmores Limited
TABLE 128 key Information – Dabur India Ltd.
TABLE 129 Key Information – Mondelez International, Inc.
TABLE 130 Key Information – The Procter and Gamble Company
TABLE 131 Key Information – Glanbia PLC
TABLE 132 Key Information – BASF SE
TABLE 133 Key Information – The Bountiful Company
TABLE 134 Key Information – The Himalaya Drug Company
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: The Procter and Gamble Company
FIG 3 Recent strategies and developments: Glanbia PLC