Botanical supplements fall under dietary ingredients that are
prepared using plants or plant parts. These supplements are valued
for their medicinal or therapeutic properties as well as flavor and
scent. Manufacturers are laying emphases on launching products with
new and unique flavors. The focus is on introducing products that
offer various health benefits in order to sway consumers who are
highly health conscious. Persistence Market Research (PMR) in its
report titled “Botanical Supplements Market: Global Industry
Analysis and Forecast, 2017–2025” has offered a detailed analysis
of the global botanical supplements market.
Consumers often look for dietary supplements that can offer holistic
benefits when consumed rather than any specific benefits. Hence, many
of the food brands are now offering products that contain botanical
supplements owing to their holistic properties. This, in turn, is
expected to drive the demand for botanical supplements to a certain
extent. Moreover, manufacturers are also concentrating on developing
customized products in an attempt to create exclusivity. Also,
liberal regulations for manufacturing of botanical supplements
encourage market players to experiment with their existing products,
as they are not under any serious obligation to provide efficacy
data. Liberal regulations pertaining to herbal/botanical supplements
has led to the introduction of more products over the years.
As per PMR’s study, the global botanical supplement market is
projected to reach a valuation of US$ 37,950 Mn by 2017-end. In terms
of revenue, the market is set to witness a CAGR of 6.9% during the
forecast period. Factors such as inclination of consumers towards
naturally derived products and increasing health awareness will be
majorly accountable for this growth.
Download
Report Table of Content, Figures, and Tables @
http://www.persistencemarketresearch.com/market-research/botanical-supplements-market/toc
Additional
Highlights of the Report Include:
- Currently, botanical ingredient-based cosmetics are trending in developed markets, and this trend is expected to continue throughout the forecast period. Meanwhile, their application in drug manufacturing is expected to remain the robust during the same period.
- On the basis of demography, consumption of botanical ingredient will be relatively high amongst adult women and the baby boomer population in 2017 and beyond.
Among
regions, Europe is the largest market for botanical supplements,
followed by North America. In 2016, the market in Europe stood at
around US$ 11,385 Mn. Meanwhile, in Asia Pacific, countries such as
China and India will continue to represent lucrative market
opportunities. Manufacturers in this region are generating
significant sales revenue from selling new botanical supplements.
Towards the end of 2025, the market in Asia Pacific is estimated to
reach a valuation of US$ 16,926.6 Mn, reflecting a CAGR of more than
6%.
A sample of this report is
available upon request @
http://www.persistencemarketresearch.com/samples/2797
PMR
in its report has profiled some of the leading companies operating in
the global market for botanical supplements, which include Amway
corporation, Nutraceutical International Corporation, Blackmores
Limited, Naturex SA, The Nature's Bounty Co., Herbalife
International, The Himalaya Drug Company, Bio-Botanica, Inc., Dabur
India Limited, Integria Healthcare Pty Ltd., Nature’s Way Products,
LLC., The Bioforce Group, Ricola AG, Bionorica SE, Biovontade Sarl,
Bio Tae Extratos Vegetais Ltda., The Patanjali Ayurved Limited,
Jiaherb Inc., Nutra Green Biotechnology Co. Ltd, Medico Herbs,
Phytomed Herbal Solutions.
Browse
Complete Report
@
http://www.persistencemarketresearch.com/market-research/botanical-supplements-market.asp
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