U.S. Botanical Supplements Market Size & Outlook
The botanical supplements market in the United States is expected to reach a projected revenue of US$ 17,166.5 million by 2028. A compound annual growth rate of 8.4% is expected of the United States botanical supplements market from 2021 to 2028.
Revenue, 2020 (US$M)
$9,026.8
Forecast, 2028 (US$M)
$17,166.5
CAGR, 2021 - 2028
8.4%
Report Coverage
U.S.
U.S. botanical supplements market, 2017-2028 (US$M)
Related Markets
U.S. botanical supplements market highlights
- The U.S. botanical supplements market generated a revenue of USD 9,026.8 million in 2020 and is expected to reach USD 17,166.5 million by 2028.
- The U.S. market is expected to grow at a CAGR of 8.4% from 2021 to 2028.
- In terms of segment, spices was the largest revenue generating source in 2020.
- Leaves is the most lucrative source segment registering the fastest growth during the forecast period.
Botanical supplements market data book summary
| Market revenue in 2020 | USD 9,026.8 million |
| Market revenue in 2028 | USD 17,166.5 million |
| Growth rate | 8.4% (CAGR from 2020 to 2028) |
| Largest segment | Spices |
| Fastest growing segment | Leaves |
| Historical data | 2017 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Herbs, Leaves, Spices, Flowers |
| Key market players worldwide | Dabur India, Mondelez International Inc Class A, Procter & Gamble Co, Basf SE, The Himalaya Drug Company, Glanbia PLC, Kirin Holdings Co Ltd, The Carlyle Group Inc, Ricola, Nutraceutical International Corp. |
Other key industry trends
- In terms of revenue, U.S. accounted for 32.9% of the global botanical supplements market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. botanical supplements market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,314.0 million by 2028.
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Botanical Supplements Market Scope
Botanical supplements market segmentation & scope
Energy & Weight Management
General Health
Bone & Joint Health
Gastrointestinal Health
Immunity
Cardiac Health
Diabetes
Anti-cancer
Others
Botanical Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. botanical supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to botanical supplements market will help companies and investors design strategic landscapes.
Spices was the largest segment with a revenue share of 28.16% in 2020. Horizon Databook has segmented the U.S. botanical supplements market based on herbs, leaves, spices, flowers covering the revenue growth of each sub-segment from 2017 to 2028.
- U.S. Botanical Supplements Source Outlook (Revenue, USD Million, 2017-2028)
- Herbs
- Leaves
- Spices
- Flowers
- Others
- U.S. Botanical Supplements Form Outlook (Revenue, USD Million, 2017-2028)
- Powder
- Liquid
- Tablets
- Capsules
- Gummies
- Others
- U.S. Botanical Supplements Application Outlook (Revenue, USD Million, 2017-2028)
- Energy & Weight Management
- General Health
- Bone & Joint Health
- Gastrointestinal Health
- Immunity
- Cardiac Health
- Diabetes
- Anti-cancer
- Others
- U.S. Botanical Supplements Distribution Channel Outlook (Revenue, USD Million, 2017-2028)
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Our clientele includes a mix of botanical supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. botanical supplements market , including forecasts for subscribers. This country databook contains high-level insights into U.S. botanical supplements market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. botanical supplements market size, by source, 2017-2028 (US$M)
U.S. Botanical Supplements Market Outlook Share, 2020 & 2028 (US$M)
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