Botanical Supplements Market - Global Industry Analysis and Forecast to 2020
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Botanical Supplements Market - Global Industry Analysis and Forecast to 2020
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Botanical Supplements Market - Global Industry Analysis and Forecast to 2020 Persistence Market Research Released New Market Report on “Botanical Supplements Market Global Industry Analysis and Forecast to 2020”.
Botanical supplements (popularly known as herbal medicinal products) market is growing at a steady rate. Increased life expectancy resulting in increasing incidences of lifestyle (age related) diseases such as, high blood pressure, diabetes and cholesterol and obesity is the major growth driver for the global botanical supplements market. Consumers worldwide are looking to follow healthy lifestyles to obtain optimum nutrition to keep these diseases at bay, leading to an increase in botanical supplements consumption by health conscious consumers.
Browse the full “Botanical Supplements Market - Global Industry Analysis and Forecast to 2020” report at http://www.persistencemarketresearch.com/market-research/botanical-supplements-market.asp
Botanical supplements include fresh or dried products in different forms such as tablets, capsule, powder and tea bags, and can be either, singly or in mixtures. Garlic, ginger, santalum, plantago, ginseng, rhodiola extract, red clover extract and soy extract are some of the most widely used botanicals supplements globally. Some of the botanical supplements that have experienced increase in consumption over the past few years include flaxseed (Linum usitatissimum) oil, turmeric (Curcuma longa) and concentrated curcumin extracts.
The global botanical supplements market exhibited healthy growth over the last decade, with little or no significant impact of the recent economic recession. Over the past few years, Europe has emerged as the largest market of botanical supplements followed by Asia Pacific and North America. The desire to stay healthy and fit, menopause for women, prostate for men and cardiovascular health are some of the prominent factors driving the botanical supplements market in western countries. In Asia Pacific, longstanding tradition of botanical medicine, current economic development and increasing urbanization are some of the important factors driving the overall market growth. India and China are going through rapid industrialization and urbanization, and expected to be same in coming years mainly due to developing economy of these countries. Apart from Asia Pacific, Europe and North America the demand for botanical supplements is escalating in other part of the world as well. Brazil is one of the fasted growing markets for botanical supplements. Stable economy, increase in income levels, and increasing consumer awareness for dietary supplements are driving the botanical supplements’ demand in Brazil.
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Botanical Supplements Market - Global Industry Analysis and Forecast to 2020 The exodus from rural to more industrialized environments is escalating the incidences of health conditions like stress, obesity and hypertension. Due to this, there is greater focus on health maintenance and management as well as preventative.
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However recent regulatory in field of botanicals product by European Union (Medicines and Healthcare products Regulatory Agency) and U.S.A (food and drug administration) courses a key challenge for the botanical supplements suppliers to meet the regulatory demand. In recent years the developments in the field of sales, through mail order catalogs, internet sites, radio and television direct sales outlets, network marketing firms that sell directly to the consumer and health professionals who sell supplements from their offices, emerged as major opportunity areas for the botanical supplements industry.
The low cost of botanical supplements as compared to their conventional counterparts such as artificial supplements helps the increasing demand. In addition to that, botanical supplements cause very less or no side effects, which also helps in its easy acceptance among the consumers and further helping in the growth of the market.
Some of the major companies operating in the botanical supplements market are Herblife International, Sunrider International, Herb Pharm, LLC, Patanjali Ayurved Ltd., The Himalaya Drug Company, Arizona Natural Products Inc, Bio-Botanica Inc, Emami Ltd, Natrol Inc, Nature’s Sunshine Products Inc, Ricola USA Inc and Nature’s Herbs among others.
Key points covered in the report:1. Report segments the market on the basis of types, application, products, technology, etc (as applicable) 2. The report covers geographic segmentation North America Europe Asia RoW 3. The report provides the market size and forecast for the different segments and geographies for the period of 2010 to 2020 4. The report provides company profiles of some of the leading companies operating in the market 5. The report also provides porters five forces analysis of the market.
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Botanical Supplements Market - Global Industry Analysis and Forecast to 2020
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Botanical Supplements Market - Global Industry Analysis and Forecast to 2020
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