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Botanical Supplements Global Market Worth $76.4 Billion By 2027 | Key Players: Blackmores Limited, Glanbia Nutritionals, Gaia Herbs LLC, Amway Corporation, Ricola AG

08-29-2023 06:07 AM CET | Health & Medicine

Press release from: The Business research company

Botanical Supplements Market

Botanical Supplements Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Botanical Supplements Global Market Report 2023 identifies the increase in number of health-conscious consumers is significantly driving the growth of the botanical supplements market. Botanical supplements have numerous health benefits, have digestive properties, and are chemical free.

The global botanical supplements market size grew from $51.66 billion in 2022 to $55.77 billion in 2023, at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The botanical supplements market size is expected to grow to $76.4 billion in 2027 at a CAGR of 8.2%.

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Major players in the botanical supplements market are The Himalaya Drug Company, Blackmores Limited, Glanbia Nutritionals, Gaia Herbs LLC, Amway Corporation, Ricola AG, Procter and Gamble, Bio-Botanica Inc., Herbalife Nutrition, The Nature's Bounty Co., Archer Daniels Midland Company (ADM), MMJ International Holdings, Pharmavite LLC, and Prinova Group.

Strategic collaborations between companies are a key trend gaining popularity in the botanical supplement market. Companies manufacturing botanical supplements are undergoing partnerships and collaborations to develop new technologies and products.

Read More On The Global Botanical Supplements Market Report Here:
https://www.thebusinessresearchcompany.com/report/botanical-supplements-global-market-report

The Botanical Supplements market is segmented -
• By Source: Herbs, Leaves, Spices, Flowers, Other Sources
• By Form: Powder, Liquid, Tablets, Capsules, Other Forms
• By Application: Energy And Weight Management, Bone And Joint Health, Gastrointestinal Health, Immunity, Cardiac Health, Diabetes, Anti-cancer, Other Applications
• By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Botanical Supplements market.

The Business Research Company's "Global Botanical Supplements Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Botanical Supplements Market Report Here:
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The Table Of Content For The Botanical Supplements Market Include:
1. Executive Summary
2. Botanical Supplements Market Characteristics
3. Botanical Supplements Market Trends And Strategies
4. Botanical Supplements Market - Macro Economic Scenario
5. Botanical Supplements Market Size And Growth
.....
26. Africa Botanical Supplements Market
27. Botanical Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Botanical Supplements Market
29. Botanical Supplements Market Future Outlook and Potential Analysis
30. Appendix

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