Global Botanical Supplements Market Size Analysis, 2018-2028

REPORT ID: BKR637Domain: Food & BeveragesPublished Date: April 2018

 

 

Global Botanical Supplements Market Analysis

Global botanical supplements market size is estimated to be valued over USD 21 billion in 2018 and is expected to register a moderate CAGR to create lucrative market opportunity not only for established players but also new entrants.

Long gone are the days when prescription of herbal supplements was thought as old lady’s wisdom or secret Chinese medicine. In the current world scenario of declining immunity and mental acceptance there has been an encouraging receptivity towards botanical supplements on a global level. FDA defines botanical drug as a product consisting of plant materials, algae, macroscopic fungi, or combinations thereof. It may be available as solution, powder, tablet, capsule, elixir, topical, or injection. Botanical drug products often have unique features, for example, complex mixtures, lack of a distinct active ingredient, and substantial prior human use.

Global Botanical Supplements Market Drivers and Challenges

The factors that have aided towards the boom in botanical supplement industry and acted as growth drivers are varied yet closely linked. Some key botanical supplements market drivers are rising consumer awareness levels, sedentary life styles, and stringent regulation by FDA (USA) and MHRA (UK) on allopathic medicines and growing self-medication behavior as preventive medicine amongst the consumers. Botanical supplements market is finding its wide usage among geriatric women. Women who are now becoming a major consumer base with demands for dietary supplements and a growing geriatric population especially in Japan and USA are acting as major growth drivers.

Overall, the Cosmetics segment which significantly uses botanical supplements like holy basil, cranberry, shea butter, and ginseng is projected to witness a relatively high growth rate, with an estimate to register moderate CAGR. The only restrain to this industry would be the lack of stringent norms and regulations pertaining to the safety and efficacy of botanical health supplement products.

Due to less emphasis on labeling and safety of these products, the incidences of false health claims by manufacturers in order to market their products has increased which have impacted consumer outlook towards botanical supplements and this is expected to adversely affect the growth of the botanical supplements market due to decrease in its credibility or backing by any country’s health regulators.

The botanical supplements market scenario is analyzed based on the segments:- by Source (Leaves, Barks, Fruits & vegetables, Roots), based on Function (Medicinal and aromatic), based on Form of preparation (Capsules & tablets, Powder, Syrups and Oils),  based on Application or usage (Pharmaceuticals, Food & beverages, Personal care), based on Demography (Adult Women, Adult Men and Baby Boomers).

Global Botanical Supplements Market Regional Analysis

Bekryl Market Analysts has analyzed global botanical supplements market outlook across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East and Africa. Despite the fact that, Europe represents the largest market and is expected to dominate the botanical supplements market throughout the forecast period, Asia Pacific will register the highest growth over the same period. As such, companies need to strengthen their business presence in developing economies to increase their return on investment (ROI) and create sustainable growth over longer phase of time.

Global Botanical Supplements Market Competition Scenario

There are very few companies operating in the market in which Amway corporation, Nutraceutical International Corporation, Blackmores Limited, Naturex SA, The Nature’s Bounty Co., Herbalife International, The Himalaya Drug Company, Bio – Botanica, Inc., Dabur India Limited are the significant botanical supplements industry players.

The most recent competitor, Patanjali Ayurved limited (India) is the biggest rival to all of them based on the product range and domain knowledge. However, the company has performed really well with nearly 100% growth between 2014 and 2016. The company is one of the leading FMCG provider in India and is expected to create higher market revenue owing to its ‘Nationalism’ strategy. The company has strong foothold in tier 2 cities of India – potential region where very few leading companies have presence.

The future of this industry looks promising owing to the fact that a lot of formulations, discoveries and innovations are in pipeline.

Botanical Supplements Market Size TOC

  1. Report Structure
  2. Research Methodology
    • Market Engineering Factors Weightage
    • Market Share Methodology
  3. Executive Summary
    • Key Findings
    • Market Engineering Factors
    • Industry Expert Perspectives
  4. Market Definitions
  5. The Global Botanical Supplements Market Value
    • Overall Market Forecast
    • Botanical Supplements Growth Outlook, By Segments
    • Botanical Supplements Growth Scenario, by Region
  6. The Botanical Supplements Industry Ecosystem
    • Parent Market Overview
    • Industry Value Chain Analysis
    • Growth Factor Analysis
    • Key Industry Players By Region
  7. The Botanical Supplements Industry Dynamics (Growth Engine for Botanical Supplements Industry)
    • Drivers
    • Challenges
    • Opportunities
    • Mega Trends
    • Geographical Trends
    • Industry Experts Views
    • Merger Acquisition
    • Key Industry Developments
  8. The Botanical Supplements Market Pricing Analysis
    • Botanical Supplements Tier Down Cost Analysis
    • Botanical Supplements Pricing Forecast
    • Botanical Supplements Pricing Analysis By Region
    • Botanical Supplements Pricing Trends
  9. Global Botanical Supplements Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Botanical Supplements Industry Predictive Analysis
    • Botanical Supplements Industry Segment Comparative Ranking Analysis
    • Key Companies Involved and Initiatives
    • Global Industry Opportunity Proposition Analysis
    • Market Share Analysis, (%)
    • Global Botanical Supplements Market Size and Forecast, (2017-2027)
      • Market Value Forecast (US$ Million)
      • Growth Analysis (Y-o-Y) and Forecast
  1. Global Botanical Supplements Industry Size and Forecast, By Segments
    • By Application
      • Drugs
      • Cosmetics
      • Food and Beverage
      • Others
    • By Demography
      • Women
      • Men
      • Baby Boomers
      • Others
    • By Form
      • Liquid
      • tablets & capsules
      • powders or dried product
      • Others
  1. North America Botanical Supplements Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis
    • Market Share Analysis, (%)
    • North America Botanical Supplements Industry Size and Forecast, (2017-2027)
    • North America Botanical Supplements Industry Share (%)
    • North America Botanical Supplements Industry Growth Forecast (%)
    • S. Botanical Supplements Market Size and Forecast
      • S. Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • S. Botanical Supplements Industry Share (%)
      • S. Botanical Supplements Industry Growth Forecast (%)
    • Canada Botanical Supplements Market Size and Forecast
      • Canada Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Canada Botanical Supplements Industry Share (%)
      • Canada Botanical Supplements Industry Growth Forecast (%)
  1. Latin America Botanical Supplements Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Market Share Analysis, (%)
    • Latin America Botanical Supplements Industry Size and Forecast, (2017-2027)
    • Latin America Botanical Supplements Industry Share (%)
    • Latin America Botanical Supplements Industry Growth Forecast (%)
    • Brazil Botanical Supplements Market Size and Forecast
      • Brazil Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Brazil Botanical Supplements Industry Share (%)
      • Brazil Botanical Supplements Industry Growth Forecast (%)
    • Argentina Botanical Supplements Market Size and Forecast
      • Argentina Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Argentina Botanical Supplements Industry Share (%)
      • Argentina Botanical Supplements Industry Growth Forecast (%)
    • Mexico Botanical Supplements Market Size and Forecast
      • Mexico Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Mexico Botanical Supplements Industry Share (%)
      • Mexico Botanical Supplements Industry Growth Forecast (%)
    • Rest of Latin America (South America)
      • RLA Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Rest of Latin America Botanical Supplements Industry Share (%)
      • Rest of Latin America Botanical Supplements Industry Growth Forecast (%)
  1. Western Europe Botanical Supplements Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Market Share Analysis, (%)
    • Western Europe Botanical Supplements Industry Size and Forecast, (2017-2027)
    • Western Europe Botanical Supplements Industry Share (%)
    • Western Europe Botanical Supplements Industry Growth Forecast (%)
    • Germany Botanical Supplements Market Size and Forecast
      • Germany Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Germany Botanical Supplements Industry Share (%)
      • Germany Botanical Supplements Industry Growth Forecast (%)
    • UK Botanical Supplements Market Size and Forecast
      • UK Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • UK Botanical Supplements Industry Share (%)
      • UK Botanical Supplements Industry Growth Forecast (%)
    • France Botanical Supplements Market Size and Forecast
      • France Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • France Botanical Supplements Industry Share (%)
      • France Botanical Supplements Industry Growth Forecast (%)
    • Spain Botanical Supplements Market Size and Forecast
      • Spain Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Spain Botanical Supplements Industry Share (%)
      • Spain Botanical Supplements Industry Growth Forecast (%)
    • Italy Botanical Supplements Market Size and Forecast
      • Italy Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Italy Botanical Supplements Industry Share (%)
      • Italy Botanical Supplements Industry Growth Forecast (%)
    • NORDIC Botanical Supplements Market Size and Forecast
      • NORDIC Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • NORDIC Botanical Supplements Industry Share (%)
      • NORDIC Botanical Supplements Industry Growth Forecast (%)
    • Switzerland Botanical Supplements Market Size and Forecast
      • Switzerland Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Switzerland Botanical Supplements Industry Share (%)
      • Switzerland Botanical Supplements Industry Growth Forecast (%)
    • Rest of Western Europe Botanical Supplements Market Size and Forecast
      • Rest of Western Europe Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Rest of Western Europe Botanical Supplements Industry Share (%)
      • Rest of Western Europe Botanical Supplements Industry Growth Forecast (%)
  1. Central and Eastern Europe (CEE) Botanical Supplements Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Regional Countries
    • Market Share Analysis, (%)
    • CEE Botanical Supplements Industry Size and Forecast, (2017-2027)
    • CEE Botanical Supplements Industry Share (%)
    • CEE Botanical Supplements Industry Growth Forecast (%)
    • Russia Botanical Supplements Market Size and Forecast
      • Russia Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Russia Botanical Supplements Market Industry (%)
      • Russia Botanical Supplements Industry Growth Forecast (%)
    • Poland Botanical Supplements Market Size and Forecast
      • Poland Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Poland Botanical Supplements Industry Share (%)
      • Poland Botanical Supplements Industry Growth Forecast (%)
    • Ukraine Botanical Supplements Market Size and Forecast
      • Ukraine Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Ukraine Botanical Supplements Industry Share (%)
      • Ukraine Botanical Supplements Industry Growth Forecast (%)
    • Rest of CEE Botanical Supplements Market Size and Forecast
      • Rest of CEE Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Rest of CEE Botanical Supplements Industry Share (%)
      • Rest of CEE Botanical Supplements Industry Growth Forecast (%)
  1. Asia Pacific Botanical Supplements Industry Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Asia Pacific Countries
    • Market Share Analysis, (%)
    • Asia Pacific Botanical Supplements Industry Size and Forecast, (2017-2027)
    • Asia Pacific Botanical Supplements Industry Share (%)
    • Asia Pacific Botanical Supplements Industry Growth Forecast (%)
    • Japan Botanical Supplements Market Size and Forecast
      • Japan Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Japan Botanical Supplements Industry Share (%)
      • Japan Botanical Supplements Industry Growth Forecast (%)
    • China Botanical Supplements Market Size and Forecast
      • China Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • China Botanical Supplements Market Share (%)
      • China Botanical Supplements Industry Growth Forecast (%)
    • India Botanical Supplements Market Size and Forecast
      • India Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • India Botanical Supplements Industry Share (%)
      • India Botanical Supplements Industry Growth Forecast (%)
    • South Korea Botanical Supplements Market Size and Forecast
      • South Korea Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • South Korea Botanical Supplements Industry Share (%)
      • South Korea Botanical Supplements Industry Growth Forecast (%)
    • Australia Botanical Supplements Market Size and Forecast
      • Australia Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Australia Botanical Supplements Industry Share (%)
      • Australia Botanical Supplements Industry Growth Forecast (%)
    • ASEAN Botanical Supplements Market Size and Forecast
      • ASEAN Botanical Supplements Industry Analysis Size and Forecast, (2017-2027)
      • ASEAN Botanical Supplements Industry Share (%)
      • ASEAN Botanical Supplements Industry Growth Forecast (%)
    • Rest of Asia Pacific Botanical Supplements Market Size and Forecast
      • Rest of Asia Pacific Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Rest of Asia Pacific Botanical Supplements Industry Share (%)
      • Rest of Asia Pacific Botanical Supplements Industry Growth Forecast (%)
  1. Middle East Botanical Supplements Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Middle East Countries
    • Market Share Analysis, (%)
    • Middle East Botanical Supplements Industry Size and Forecast, (2017-2027)
    • Middle East Botanical Supplements Industry Share (%)
    • Middle East Botanical Supplements Industry Growth Forecast (%)
    • GCC Botanical Supplements Market Size and Forecast
      • GCC Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • GCC Botanical Supplements Industry Share (%)
      • GCC Botanical Supplements Industry Growth Forecast (%)
    • Israel Botanical Supplements Market Size and Forecast
      • Israel Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Israel Botanical Supplements Industry Share (%)
      • Israel Botanical Supplements Industry Growth Forecast (%)
    • Rest of Middle East Botanical Supplements Market Size and Forecast
      • Rest of Middle East Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Rest of Middle East Botanical Supplements Industry Share (%)
      • Rest of Middle East Botanical Supplements Industry Growth Forecast (%)
  1. Africa Botanical Supplements Market Value and Forecast
    • Introduction
    • Industry Initiatives
    • Bekryl Predictive Analysis
    • Comparative Ranking Analysis, By Segments (As mentioned in section 10)
    • Key Companies Involved and Initiatives, By Region
    • Industry Value Proposition Analysis, By Africa Countries
    • Market Share Analysis, (%)
    • Africa Botanical Supplements Industry Size and Forecast, (2017-2027)
    • Africa Botanical Supplements Industry Share (%)
    • Africa Botanical Supplements Industry Growth Forecast (%)
    • South Africa Botanical Supplements Market Size and Forecast
      • South Africa Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • South Africa Botanical Supplements Market Share (%)
      • South Africa Botanical Supplements Industry Growth Forecast (%)
    • Algeria Botanical Supplements Market Size and Forecast
      • Algeria Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Algeria Botanical Supplements Market Share (%)
      • Algeria Botanical Supplements Industry Growth Forecast (%)
    • Nigeria Botanical Supplements Market Size and Forecast
      • Nigeria Botanical Supplements Industry Analysis and Forecast, (2017-2027)
      • Nigeria Botanical Supplements Market Share (%)
      • Nigeria Botanical Supplements Industry Growth Forecast (%)
  1. Botanical Supplements Market Competitive Landscape
    • Competition Dashboard
    • Funding and Investment
    • Company Market Positioning
    • Marketing Mix Strategies
    • Product Level Strategies
    • Go-to-Market Strategies
    • SWOT Analysis
    • Key Developments, By Companies
    • Company Profiles*
      • Nature’ s Way Products, LLC.
      • The Bioforce Group, Ricola AG
      • Bionorica SE, Biovontade Sarl
      • Bio Tae Extratos Vegetais Ltda.
      • The Patanjali Ayurved Limited
      • Jiaherb Inc.
      • Nutra Green Biotechnology Co.Ltd
      • Medico Herbs
      • Phytomed Herbal Solutions
      • Amway corporation
      • Nutraceutical International Corporation
      • Blackmores Limited, Naturex SA
      • The Nature ‘s Bounty Co.
      • Herbalife International
      • The Himalaya Drug Company
      • Bio – Botanica, Inc.
      • Dabur India Limited
      • Integria Healthcare Pty Ltd.
  1. Analyst Opinion
  2. Summary and Conclusion
  3. For more Information, Bekryl can help

*(SWOT, Key Developments, and Strategies are based on individual companies)

To access the detailed Botanical Supplements industry TOC and sample research pages, download sample.

What Will You Discover in the Report?

  • An in-depth analysis of the Botanical Supplements market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
  • How the Botanical Supplements market sales is expected to grow throughout the forecast period.
  • How geopolitical policies and technological changes will affect the Botanical Supplements market in near future
  • Where the stakeholders should invest to generate higher profit margins
  • How consumers (end-users) will reflect to the Botanical Supplements industry during the forecast period
  • Who are the Botanical Supplements industry leaders and what are the key initiatives taken by them for long term growth

Who will benefit from the Report?

  • Botanical Supplements Industry Suppliers
  • Botanical Supplements Industry Manufacturers
  • Consultants and Analysts
  • Researchers

Analyst access with Bekryl Market Analysts

Purchasing of Botanical Supplements market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

Botanical Supplements Market Report Structure

Botanical Supplements Industry Dynamics

This section enables Botanical Supplements industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Botanical Supplements market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Botanical Supplements industry trends and keep industry leaders abreast of latest happenings.

This section includes:

  • Market Drivers
  • Market Challenges
  • Botanical Supplements Industry Trends
  • Botanical Supplements Value Chain Analysis
  • Marketing Opportunities
  • Regulatory Aspects
  • Botanical Supplements Industry Experts Market Opinion

Industry Analysis, By Botanical Supplements Segments

Industry stakeholders receive detailed analysis of the Botanical Supplements industry trends. Anticipate key market trends across market segments with Bekryl Market Analysts analysis model.

Each segment has research framework, essential to understand the market scenario in near future.

Each segment includes:

  • Market Size and Forecast
  • Annual Growth Rate Analysis (AGR)
  • Key Trends, By segments
  • Key Industry Developments
  • Investment Proposition Analysis
  • Potential Addressable Market Analysis
  • Growth Factor, By Segment Analysis

 

Competition Landscape

Keep abreast of key strategies of industry leaders and regional Botanical Supplements industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.

This section include:

  • Competition dashboard
  • SWOT Analysis by Companies
  • Go-to-market sales strategy
  • Financial performances subject to listed companies
  • Market Share Analysis
  • Analyst Recommendation

Botanical Supplements Market Analysis, By Region

Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Botanical Supplements market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.

This section include:

  • Market Size by Country and Region
  • Market Opportunity, By Country and Region
  • Regional Trends
  • Growth Analysis and Forecast

Country Profiles

North America Botanical Supplements Market Size

  • S. Botanical Supplements Industry Analysis
  • Canada Botanical Supplements Industry Analysis

Latin America Botanical Supplements Market Size

  • Brazil Botanical Supplements Industry Analysis
  • Mexico Botanical Supplements Industry Analysis
  • Argentina Botanical Supplements Industry Analysis
  • Rest of Latin America Botanical Supplements Industry Analysis

Western Europe Botanical Supplements Market Size

  • Germany Botanical Supplements Industry Size
  • UK Botanical Supplements Industry Analysis
  • France Botanical Supplements Industry Analysis
  • Switzerland Botanical Supplements Industry Analysis
  • Spain Botanical Supplements Industry Analysis
  • Italy Botanical Supplements Industry Analysis
  • NORDIC Botanical Supplements Industry Analysis
  • Rest of Western Europe Botanical Supplements Industry Analysis

Central and Eastern Europe Botanical Supplements Industry Analysis

  • Russia Botanical Supplements Industry Analysis
  • Poland Botanical Supplements Industry Analysis
  • Ukraine Botanical Supplements Industry Analysis
  • Rest of Eastern Europe Botanical Supplements Industry Analysis

Asia Pacific Botanical Supplements Industry Size

  • China Botanical Supplements Industry Analysis
  • India Botanical Supplements Industry Analysis
  • Japan Botanical Supplements Industry Analysis
  • Australia Botanical Supplements Industry Analysis
  • South Korea Botanical Supplements Industry Analysis
  • ASEAN Botanical Supplements Industry Analysis
  • Rest of Asia Pacific Acid Proof Industry Analysis

Middle East Botanical Supplements Industry Size

  • GCC Botanical Supplements Industry Analysis
  • Israel Botanical Supplements Industry Analysis
  • Rest of Middle East Botanical Supplements Industry Analysis

Africa Botanical Supplements Industry Size

  • South Africa Botanical Supplements Industry Analysis
  • Algeria Botanical Supplements Industry Analysis
  • Nigeria Botanical Supplements Industry Analysis
  • Rest of Africa Botanical Supplements Industry Analysis

Botanical Supplements Market Research Methodology

Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.

Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.

Botanical Supplements Market Growth Forecasting Methodology

In order to prepare historical data and analyze Botanical Supplements market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Botanical Supplements market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.

  • Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
  • The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.

With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Botanical Supplements industry revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.

The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries.  Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Botanical Supplements industry growth is nearly 3.5X to 5.5X higher than the relative GDP.

Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.

  • Base Factors Growth Analysis
  • Price Variation Analysis
  • Supply Chain Analysis
  • Potential Consumer Mapping

 Botanical Supplements Industry Players: Competition Landscape Methodology

Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.

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