Botanical Extracts Dietary Supplements Market: By Source (Herbs, Leaves, Spices, and Others), By Form (Powder, Liquid, Tablets, Capsules, Gummies, and Others), By Application (Energy & Weight Management, General Health, Bone and Joint Health, Gastrointestinal Health, Diabetes, Immunity, Cardiac Health, and Others), By Distribution Channel (Supermarket/ Hypermarket, Pharmacies/Drug Stores, Online Retail Stores, and Others), and Geography

Botanical Extracts Dietary Supplements Market was valued at USD 3,197.5 million in 2023 and is expected to grow at a CAGR of 6.7% from 2024-2030. Botanical Extracts Dietary supplements are made from plants, plant parts, or plant extracts often known as herbals, herbal dietary supplements, or botanical dietary supplements. They include one or more components designed to augment the diet and are intended for consumption. According to a recent government poll conducted across the country, about 18% of adults utilize natural products, including dietary supplements. Growing consumer demand for convenience foods, growing knowledge of the advantages of herbal products over synthetic ones, rising interest in using botanical extracts in food and other applications, and rising health and wellness trends are some of the key factors anticipated to increase demand for botanical extracts. For health reasons, Botanical Extracts Dietary Supplements are frequently taken as dietary supplements in the form of tea extracts, garlic, or evening snacks. Manufacturers of such supplements are expected to go through rigorous tests, investigations, and inspections before rolling the items out onto the floors because they are consumable and can have an impact on people's health. Natural and freshly extracted herb supplies will hold the largest market share in the nutraceutical sector since they are seen as a primary means of illness prevention and because consumers have discovered numerous health advantages to such supplements. Numerous producers from all over the world are entering the market to serve the rising demand and drive down prices by producing in greater quantities to increase the global botanical extracts dietary supplements market size.

The prevalence of lifestyle disorders like diabetes, obesity, and high blood pressure is steadily rising because of busy schedules and shifting living habits. Because of this, consumers are taking precautions to lessen the effects of lifestyle diseases which is driving the global botanical extracts dietary supplements market share. Botanical supplements are a healthy alternative to prevent and lessen the effects of lifestyle diseases because they naturally have disease-preventing properties like slowing down digestion and carbohydrate absorption. This is helping the global market for botanical supplements grow in terms of revenue. Inadequate nutrition in both children and adults has been caused by a substantial change in dietary practices and an increase in the intake of processed food. Dietary supplements are on the rise, which is encouraging product uptake, as a means of making up for an unhealthy diet. However, shifts in raw material costs brought on by erratic demand and supply could serve as a growth inhibitor. The adoption of cutting-edge extraction techniques may support the global botanical extracts dietary supplements growth during the projection period

Key Developments in Botanical Extracts Dietary Supplements Market

• In 2022, Layn Natural Ingredients has added more Non-GMO Project Verified botanical extracts to its repertoire as part of its ongoing botanical expansion. The product line is concentrated on polyphenol-rich plant extracts that have strong functional advantages in the nutritional supplement, food and beverage, and sports nutrition industries.

• In 2022, A brand-new plant extract produced by Eevia Health has been shown to improve sleep quality and cognitive function. The new product, Feno-CerasusTM, was introduced on February 11^th, 2022, at the Supply Side West trade event in Las Vegas, United States. A standardized tart cherry anthocyanin extract is the new component (Prunus Cerasus). The new products' impacts on memory, stress, and cortisol levels, as well as sleep quality and quantity, are the main areas of attention for Eevia Health.