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Botanical Supplements - Global Market Trajectory & Analytics

  • ID: 5141032
  • Report
  • April 2021
  • Region: Global
  • 283 pages
  • Global Industry Analysts, Inc
Global Botanical Supplements Market to Reach $65.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Botanical Supplements estimated at US$44.6 Billion in the year 2020, is projected to reach a revised size of US$65.8 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027. Adult Women, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$25.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Adult Men segment is readjusted to a revised 5.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 8.8% CAGR

The Botanical Supplements market in the U.S. is estimated at US$12.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$14 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.

Baby Boomers Segment to Record 5.9% CAGR

In the global Baby Boomers segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$9.7 Billion in the year 2020 will reach a projected size of US$14 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.8 Billion by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.

Select Competitors (Total 43 Featured):
  • Amway Corporation
  • Bio Tae Extratos Vegetais Ltda.
  • Bio-Botanica, Inc.
  • Blackmores Ltd.
  • Dabur India Ltd.
  • Herbalife International of America, Inc.
  • Integria Healthcare Pty Ltd.
  • Jiaherb, Inc.
  • Nature's Way Products, LLC.
  • Naturex SA
  • Nutra Green Biotechnology Co., Ltd.
  • Nutraceutical Corporation
  • Patanjali Ayurved Ltd.
  • Phytomed Herbal Solutions
  • The Himalaya Drug Company
  • The Nature's Bounty Co.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 43
Note: Product cover images may vary from those shown
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