The Europe Botanical Supplements Market would witness Market growth of 8.2% CAGR during the forecast period (2022-2028).
Over the forecast period, growing consumer consciousness regarding health and wellness is considered to be a key driving force for dietary supplements. Due to tight work schedules and changing lifestyles, the working population around the world is challenged to meet their daily nutrient requirements. The Market is also expected to be propelled by an increasing reliance on supplements to meet nutrient requirements due to their high convenience.
Botanical supplements are defined as goods that contain at least one dietary element that can be taken by mouth. The growing popularity of sports-based and athletic performance improvement supplements is driving the demand for botanical supplements. The food supplements Market is predicted to be fueled by rising consumer demand for addressing daily micronutrient requirements in the body, as well as increased consumer expenditure on health and wellness products.
In December 2012, the European Food Safety Authority passed a guideline regarding some nutritional claims for botanical substances, and this list of botanical compounds was released. Key players can concentrate on providing items that are clearly labeled and safe. Several producers have begun to follow GMP (Good Manufacturing Practice), which may help to change consumers' perceptions about botanical supplements.
The rapidly growing senior population, combined with increased consumer awareness of preventative healthcare solutions, is driving the European Market . The strict regulatory framework that governs the manufacturing and sale of dietary supplements is helping to drive the Market for high-quality supplements in the region. With these regulations, consumer trust in botanical supplements will increase, and thus the demand for botanical supplements will increase in upcoming years.
The Germany Market dominated the Europe Botanical Supplements Market by Country in 2021, and would continue to be a dominant Market till 2028; thereby, achieving a Market value of $3.5 billion by 2028. The UK Market is anticipated to grow at a CAGR of 7.3% during (2022 - 2028). Additionally, The France Market would exhibit a CAGR of 9% during (2022 - 2028).
Based on Source, the Market is segmented into Leaves, Spices, Herbs, Flowers, and Others. Based on Form, the Market is segmented into Tablets & Capsules, Powder, Liquid, Gummies, and Others. Based on Application, the Market is segmented into Energy & Weight Management, General Health, Bone & Joint Health, Cardiac Health, Immunity, Gastrointestinal Health, Diabetes, Anti-cancer, and Others. Based on Distribution Channel, the Market is segmented into Online and Offline. Based on countries, the Market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Botanical Supplements Market Size will Hit $55.7 Billion by 2028, at a CAGR of 8.9%
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Ricola Group Ltd., Nutraceutical Corporation, Blackmores Limited, Dabur India Ltd., Mondelez International, Inc., The Procter and Gamble Company, Glanbia PLC, BASF SE, The Bountiful Company (Nestlé SA), and The Himalaya Drug Company (Himalaya Global Holdings Ltd.)
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