Market Size of United States Botanical Supplements Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.24 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Botanical Supplements Market Analysis
United States botanical supplements market is expected to grow with a CAGR of 6.24% during the forecast period (2020 - 2025).
- The consumer awareness about botanical variants and their functional properties have been a key driver for the market prosperity.
- The growth rate of botanical supplements is primarily driven by factors, such as rising inclination toward natural products and growing awareness of preventive healthcare supported by increasing spending on health and wellness.
- The increasing geriatric population, coupled with the rising prevalence of chronic conditions, is anticipated to drive the growth of botanical products across the country.
