The North America Botanical Supplements Market would witness Market growth of 7.6% CAGR during the forecast period (2022-2028).
Fresh or dried botanical supplements come in a variety of forms, including pills, capsules, powders, and tea bags. Garlic, ginger, red clover extract, santalum, plantago, rhodiola extract, ginseng, and soy extract are among the most popular botanical supplements across region. The botanical supplements Market is predicted to be driven by an aging population and botanical supplements with few or no adverse effects. According to the United Nations Department of Economic and Social Affairs Population Division, there were 841 million individuals aged 60 and more in 2013, up from 205 million in 1950. As the percentage and the total number of the elderly rises in developed nations like the United States, the demand for botanical supplements is expected to receive a boost.
Growing consumer awareness of nutritional products and dietary supplements tailor-made to suit a certain individual has piqued customer interest in different areas of the world, favorably boosting the dietary additives Market growth. In the next years, technological developments and greater investment in nutraceutical and supplement product research and development are likely to promote Market growth even further.
Over the last decade or two, the use of nutritional supplements has increased dramatically in North American countries such as the United States. The majority of adults in the United States consumed some type of dietary supplement in 2018. As a result, the primary driver fueling the Market growth in the region is the rising use of dietary supplements along with rising awareness of supplements infused with botanical extracts. The "alt-medicine" trend is likely to drive significant revenue growth for botanical supplement producers, as consumer perceptions are expected to shift, leading to a high reliance on private-label brands in addition to national names. Retailers such as Walmart and Costco are also contributing to the trend by improving their private label offers with name, logo and formulations, superior packaging, and in-store customer education.
The US Market dominated the North America Botanical Supplements Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $13.8 Billion by 2028. The Canada Market is exhibiting a CAGR of 10% during (2022 - 2028). Additionally, The Mexico Market would showcase a CAGR of 9.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Botanical Supplements Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Botanical Supplements Market, by Source
1.4.2 North America Botanical Supplements Market, by Form
1.4.3 North America Botanical Supplements Market, by Application
1.4.4 North America Botanical Supplements Market, by Distribution Channel
1.4.5 North America Botanical Supplements Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Botanical Supplements Market
Chapter 4. North America Botanical Supplements Market by Source
4.1 North America Leaves Market by Country
4.2 North America Spices Market by Country
4.3 North America Herbs Market by Country
4.4 North America Flowers Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Botanical Supplements Market by Form
5.1 North America Tablets & Capsules Market by Country
5.2 North America Powder Market by Country
5.3 North America Liquid Market by Country
5.4 North America Gummies Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Botanical Supplements Market by Application
6.1 North America Energy & Weight Management Market by Country
6.2 North America General Health Market by Country
6.3 North America Bone & Joint Health Market by Country
6.4 North America Cardiac Health Market by Country
6.5 North America Immunity Market by Country
6.6 North America Gastrointestinal Health Market by Country
6.7 North America Diabetes Market by Country
6.8 North America Anti-cancer Market by Country
6.9 North America Others Market by Country
Chapter 7. North America Botanical Supplements Market by Distribution Channel
7.1 North America Offline Market by Country
7.2 North America Online Market by Country
Chapter 8. North America Botanical Supplements Market by Country
8.1 US Botanical Supplements Market
8.1.1 US Botanical Supplements Market by Source
8.1.2 US Botanical Supplements Market by Form
8.1.3 US Botanical Supplements Market by Application
8.1.4 US Botanical Supplements Market by Distribution Channel
8.2 Canada Botanical Supplements Market
8.2.1 Canada Botanical Supplements Market by Source
8.2.2 Canada Botanical Supplements Market by Form
8.2.3 Canada Botanical Supplements Market by Application
8.2.4 Canada Botanical Supplements Market by Distribution Channel
8.3 Mexico Botanical Supplements Market
8.3.1 Mexico Botanical Supplements Market by Source
8.3.2 Mexico Botanical Supplements Market by Form
8.3.3 Mexico Botanical Supplements Market by Application
8.3.4 Mexico Botanical Supplements Market by Distribution Channel
8.4 Rest of North America Botanical Supplements Market
8.4.1 Rest of North America Botanical Supplements Market by Source
8.4.2 Rest of North America Botanical Supplements Market by Form
8.4.3 Rest of North America Botanical Supplements Market by Application
8.4.4 Rest of North America Botanical Supplements Market by Distribution Channel
Chapter 9. Company Profiles
9.1 Ricola Group Ltd.
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Product Launches and Product Expansions:
9.2 Nutraceutical Corporation
9.2.1 Company Overview
9.3 Blackmores Limited
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.4 Dabur India Ltd.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Product Launches and Product Expansions:
9.5 Mondelez International, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.6 The Procter and Gamble Company
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.6.5.2 Product Launches and Product Expansions:
9.6.5.3 Acquisition and Mergers:
9.7 Glanbia PLC
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Recent strategies and developments:
9.7.4.1 Partnerships, Collaborations, and Agreements:
9.7.4.2 Product Launches and Product Expansions:
9.7.4.3 Acquisition and Mergers:
9.8 BASF SE
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.9 The Bountiful Company (Nestlé SA)
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.10. The Himalaya Drug Company (Himalaya Global Holdings Ltd.)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 2 North America Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 3 North America Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 4 North America Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 5 North America Leaves Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Leaves Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Spices Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Spices Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Herbs Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Herbs Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Flowers Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Flowers Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 16 North America Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 17 North America Tablets & Capsules Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Tablets & Capsules Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Powder Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Powder Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Liquid Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Liquid Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Gummies Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Gummies Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 28 North America Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 29 North America Energy & Weight Management Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Energy & Weight Management Market by Country, 2022 - 2028, USD Million
TABLE 31 North America General Health Market by Country, 2018 - 2021, USD Million
TABLE 32 North America General Health Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Bone & Joint Health Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Bone & Joint Health Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Cardiac Health Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Cardiac Health Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Immunity Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Immunity Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Gastrointestinal Health Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Gastrointestinal Health Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Diabetes Market by Country, 2018 - 2021, USD Million
TABLE 42 North America Diabetes Market by Country, 2022 - 2028, USD Million
TABLE 43 North America Anti-cancer Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Anti-cancer Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 48 North America Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 49 North America Offline Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Offline Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Botanical Supplements Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Botanical Supplements Market by Country, 2022 - 2028, USD Million
TABLE 55 US Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 56 US Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 57 US Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 58 US Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 59 US Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 60 US Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 61 US Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 62 US Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 63 US Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 64 US Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 65 Canada Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 66 Canada Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 67 Canada Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 68 Canada Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 69 Canada Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 70 Canada Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 71 Canada Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 72 Canada Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 73 Canada Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 74 Canada Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 75 Mexico Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 76 Mexico Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 77 Mexico Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 78 Mexico Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 79 Mexico Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 80 Mexico Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 81 Mexico Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 82 Mexico Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 83 Mexico Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 84 Mexico Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 85 Rest of North America Botanical Supplements Market, 2018 - 2021, USD Million
TABLE 86 Rest of North America Botanical Supplements Market, 2022 - 2028, USD Million
TABLE 87 Rest of North America Botanical Supplements Market by Source, 2018 - 2021, USD Million
TABLE 88 Rest of North America Botanical Supplements Market by Source, 2022 - 2028, USD Million
TABLE 89 Rest of North America Botanical Supplements Market by Form, 2018 - 2021, USD Million
TABLE 90 Rest of North America Botanical Supplements Market by Form, 2022 - 2028, USD Million
TABLE 91 Rest of North America Botanical Supplements Market by Application, 2018 - 2021, USD Million
TABLE 92 Rest of North America Botanical Supplements Market by Application, 2022 - 2028, USD Million
TABLE 93 Rest of North America Botanical Supplements Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 94 Rest of North America Botanical Supplements Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 95 Key Information – Ricola Group Ltd.
TABLE 96 Key Information – Nutraceutical Corporation
TABLE 97 Key Information – Blackmores Limited
TABLE 98 key Information – Dabur India Ltd.
TABLE 99 Key Information – Mondelez International, Inc.
TABLE 100 Key Information – The Procter and Gamble Company
TABLE 101 Key Information – Glanbia PLC
TABLE 102 Key Information – BASF SE
TABLE 103 Key Information – The Bountiful Company
TABLE 104 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