Botanical Supplements Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Awareness about the Health Benefits of Herbal Supplements
- Increasing Healthcare Expenditure in Developed Nations
Challenges
- Lack of Strict Norms Regarding the Safety of Botanical Supplements
Botanical Supplements Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
9.7% |
|
Base Year Market Size (2024) |
USD 55.22 billion |
|
Forecast Year Market Size (2037) |
USD 183.99 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of botanical supplements is assessed at USD 59.77 billion.
Botanical Supplements Market size was over USD 55.22 billion in 2024 and is projected to reach USD 183.99 billion by 2037, growing at around 9.7% CAGR during the forecast period i.e., between 2025-2037.
North America industry is expected to dominate majority revenue share by 2037, led by increasing awareness about foods infused with herbal extracts and growing consumption of dietary supplements in the region.
The major players in the market are Himalaya Herbal Healthcare, NOW Health Group, Inc., Amway Corp., The Bountiful Company, GNC Holdings, LLC, and others.
The major players in the market are Himalaya Herbal Healthcare, NOW Health Group, Inc., Amway Corp., The Bountiful Company, GNC Holdings, LLC, and others.
