BOTANICAL SUPPLEMENTS MARKET ANALYSIS

Regional Analysis

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East: GCC Countries, Israel,  and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa

Global Botanical Supplements Market- Trends

• The U.S. is witnessing regulations regarding botanical supplements; for instance, in September 2020, the Hemp and Hemp-derived CBD Consumer Protection and Market Stabilization Act of 2020 was introduced in the U.S. House. The act directs the U.S. Food and Drug Administration (FDA) to use its authority and resources to set a clear regulatory framework for hemp and hemp-derived CBD and assure consumer protection.
• Major players in the Global Botanical Supplements Market are focused on launching new products to expand their product portfolio. For instance, in July 2020, Oregon Health and Science University (OHSU) is a U.S. based public research university laid the foundation for a research center dedicated to botanical dietary supplements.