Botanical Supplements Market - Global Study on Botanical Supplements to 2020

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Interest in healthy eating is influencing consumers to shift their dietary preferences in favour of food and food ingredients with potential health benefits. For consumers looking for a healthy lifestyle and seeking to reduce the risk of illness, herbal and botanical supplements (popularly known as herbal medicinal products) are among the best options.

Transcript of Botanical Supplements Market - Global Study on Botanical Supplements to 2020

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    Persistence Market Research

    Global Botanical Supplements Market WillReach $90.2 Billion in 2020: Persistence

    Market Research

    Persistence Market Research 1

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    Persistence Market Research Released New Market Report Global Market Study on BotanicalSupplements: Personal Care Segment To Witness Highest Growth by 2020, the globalBotanical Supplements market was valued at USD 54.6 billion in 2013 and is expected togrow at a CAGR of 7.5% from 2014 to 2020, to reach an estimated value of USD 90.2 millionin 2020.

    Browse the full Global Market Study on Botanical Supplements: Personal Care Segment ToWitness Highest Growth by 2020 report athttp://www.persistencemarketresearch.com/market-research/botanical-supplements-market.asp

    Interest in healthy eating is influencing consumers to shift their dietary preferences in favourof food and food ingredients with potential health benefits. For consumers looking for ahealthy lifestyle and seeking to reduce the risk of illness, herbal and botanical supplements(popularly known as herbal medicinal products) are among the best options.

    Botanical supplements include fresh or dried products in different forms, such as tablets,capsules, powders, and tea bags. Globally, garlic, ginger, santalum, plantago, ginseng,rhodiola extract, red clover extract, and soy extract are some of the most widely usedbotanical supplements. Increasing elderly population and little or no side effects of botanicalsupplements are expected to drive the global botanical supplements market. According tothe Population Division of the United Nations Department of Economic and Social Affairs (UN-DESA), there were 841 million people aged 60 and above in 2013 compared to 205 million in1950. The number is projected to reach over 2 billion by 2050.

    In the last few years, Europe has emerged as the largest market for botanical supplements,followed by Asia Pacific. In Asia Pacific, the long-standing tradition of using botanicalmedicine, the current economic development, and increasing urbanization are some factorsdriving the increasing demand for botanical supplements. Owing to these factors, AsiaPacific is expected to surpass Europe as the leading market for botanical supplements. Thebotanical supplements market is bifurcated into application (food and beverages,pharmaceutical, and personal care) and end user (adult women, adult men, baby boomers,and others).

    The global market for botanical supplements in value term grew from USD 45.1 billion in2010 to USD 54.6 billion in 2013, and is expected to grow to USD 90.2 billion in 2020growing at a CAGR of 7.5%. Also, Usage of botanical supplements by adult women (largestend user in 2013) is projected to increase to USD 32.9 billion in 2020 at a CAGR of 7.5%.

    Persistence Market Research 2

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    The botanical supplements market is fragmented with several players operating at global orregional levels. The global botanical supplements market is highly fragmented, with topeight companies holding only 38.4% market share. Ricola leads the market with 6.4% globalshare in 2013, followed by Dabur with 5.5% market share. Ricola and Procter & Gamble aresome of the major companies with global operations. Dabur operates mostly in India;however, the company started selling its products in the North American and Europeancountries, such as the U.S., France, Germany and the U.K., recently.

    The Botanical Supplements market is segmented as follows:

    Botanical Supplements Market, by application

    Food and beverage Pharmaceutical Personal care

    Botanical Supplements Market, by end-users

    Adult women Adult men Baby boomers Others

    Botanical Supplements Market, by Region

    North America The U.S.

    EuropeGermanyFranceItalyThe U.K.

    Asia PacificIndiaChinaJapan

    Rest of the World (ROW)

    The Botanical Supplements market for each region includes:

    Persistence Market Research 3

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    Market Overview Market Size, by application and end-user, by value (Historic and Forecast)

    Market History:

    Interest in healthy eating is influencing consumers to shift their dietary preferences in favour of food and

    food ingredients with potential health benefits. For consumers looking for a healthy lifestyle and seeking

    to reduce the risk of illness, herbal and botanical supplements (popularly known as herbal medicinal

    products) are among the best options. Botanical supplements include fresh or dried products in different

    forms, such as tablets, capsules, powders, and tea bags. Globally, garlic, ginger, santalum, plantago,

    ginseng, rhodiola extract, red clover extract, and soy extract are some of the most widely used botanical

    supplements. Increasing elderly population and little or no side effects of botanical supplements are

    expected to drive the global botanical supplements market. According to the Population Division of the

    United Nations Department of Economic and Social Affairs (UN-DESA), there were 841 million people

    aged 60 and above in 2013 compared to 205 million in 1950. The number is projected to reach over 2

    billion by 2050.

    In the last few years, Europe has emerged as the largest market for botanical supplements, followed by

    Asia Pacific. In Asia Pacific, the long-standing tradition of using botanical medicine, the current economic

    development, and increasing urbanization are some factors driving the increasing demand for botanical

    supplements. Owing to these factors, Asia Pacific is expected to surpass Europe as the leading market

    for botanical supplements.

    The botanical supplements market is bifurcated into application (food and beverages, pharmaceutical,

    and personal care) and end user (adult women, adult men, baby boomers, and others). The global market

    for botanical supplements in value term grew from USD 45.1 billion in 2010 to USD 54.6 billion in 2013,

    and is expected to grow to USD 90.2 billion in 2020 growing at a CAGR of 7.5%. Also, Usage of botanical

    supplements by adult women (largest end user in 2013) is projected to increase to USD 32.9 billion in

    2020 at a CAGR of 7.5%.

    Persistence Market Research 4

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    The botanical supplements market is fragmented with several players operating at global or regional

    levels. The global botanical supplements market is highly fragmented, with top eight companies holding

    less than 40% market share. Ricola and Procter & Gamble are some of the major companies with global

    operations. Dabur operates mostly in India; however, the company started selling its products in the North

    American and European countries, such as the U.S., France, Germany and the U.K., recently.

    Persistence Market Research 5

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    Persistence Market Research 6

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    Table of Content

    Chapter 1 Preface 12

    1.1 Report Description 12

    1.1.1 Segments covered in the report 12

    1.2 Research Methodology 13

    Chapter 2 Market Synopsis 14

    Chapter 3 Porters Five Forces Analysis 17

    3.1 Bargaining power of suppliers 17

    3.2 Bargaining power of buyers 18

    3.3 Threat of new entrants 18

    3.4 Threat of substitutes 18

    3.5 Intensity of rivalry 19

    Chapter 4 Industry Overview 20

    4.1 Introduction 20

    4.2 Market Drivers 20

    Persistence Market Research 7

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    4.2.1 Growing awareness about functional benefits of botanical supplements is driving the

    market 20

    4.2.2 Growing aging population is expected to increase demand for botanical supplements

    to maintain health and active lifestyle 21

    4.2.3 Herbal or botanical supplements have little or no side effects and are proving their

    efficacy 21

    4.2.4 Impact analysis of growth drivers 22

    4.3 Market Restraints 22

    4.3.1 Bad press is affecting the botanical supplements market 22

    4.3.2 Changing regulatory situation will hamper the growth of the botanical supplements

    market 23

    4.3.3 Impact analysis of market restraints 23

    4.4 Opportunities 24

    4.4.1 Increasing demand for herbal products in the food and beverage industry 24

    Chapter 5 Market Size and Forecast, by Application 25

    5.1 Food and beverages 26

    5.2 Pharmaceutical 27

    5.3 Personal care 27

    Persistence Market Research 8

  • Botanical Supplements Market - Global Study on Botanical Supplements -

    Personal Care Segment to Witness Highest Growth by 2020

    Chapter 6 Market Size and Forecast, b