Global Botanicals Market Overview:
Botanical is an object which is derived from plant extracts or is related to plants or botany. These botanicals products may be used for medication, skin as well as for flavoring agents. Botanicals are extracted in the form of ethanol or some essential. Food botanicals are one of the major trends that is happening around botanicals. The rising shift from artificial products to natural products is boosting the market.
Growth Drivers
- Cumulative Rise in Natural Originated Products from Developed and Developing Countries
- Rising Awareness Related to Herbal/ Botanicals Products among Consumers
Roadblocks
- Lack of Scientific Back-Up for the Therapeutic Claims or Medication
Opportunities
- Growing Demand for Natural Products which Includes Medicinal Value/Pharmaceuticals, Food Supplements, and Cosmetics in both Domestic and International Markets
- Rising Number of Companies who Manufactures Botanicals Products in Emerging Economies
Challenges
- Concern Related Towards Risk of Human Health
Competitive Landscape:
Some of the key players profiled in the report are Dabur (India), Himalaya (India), Bayer (Germany), Apotheca (United States), Bio-Botanica (United States), American Botanicals (United States), BDS Natural Products (United States) and Western Botanicals (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Botanicals market by 2026. Considering Market by Distribution Channel , the sub-segment i.e. Direct Sales will boost the Botanicals market. Considering Market by Intervention Type, the sub-segment i.e. Ayurveda will boost the Botanicals market. Considering Market by Source, the sub-segment i.e. Plants will boost the Botanicals market.
On 5th June 2019, Prima launches signature wellness CBD products that will harness therapeutic functional botanicals. The product that was launched by Prima's includes Night Magic, Skin Therapy and The Daily which help to reduce everyday stress, calm and soothe skin.
What Can be Explored with the Botanicals Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Botanicals Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Botanicals
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Botanicals market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Botanicals market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potential Investors, Distributors and Suppliers of Botanicals, Biology labs, Research and Development and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.