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Global Botanical Extracts Market Research Report—Forecast till 2025
Global Botanical Extracts Market is accounted to register a CAGR of 5.45% and surpass USD 25,151.7 Million during the review period.
Botanical extracts are concentrated plant materials that benefit therapeutic properties. The methods used to obtain plant extraction are cold pressing, steam distillation, solvent extraction, oil infusion, and others. The rising consumption of dietary supplements across the globe is the key factor affecting positively on the botanical extracts market. Botanical extracts are successfully adopted by the production suppliers of several food & beverage products, especially functional beverages. Besides, the limited supply of raw materials and price fluctuations may restrain the growth of the global botanical extracts market during the review period.
The Global Botanical Extracts Market is expected to register substantial growth during the review period owing to its application in several food products, including baked goods, confectionery, dairy products, and meat products. The demand for functional beverages has been increasing significantly across the globe and because of the presence of ingredients such as minerals, vitamins, herbs, amino acids, antioxidants, and bacteria. These functional beverages have advantageous effects on the body, such as improved immunity, heart rate, digestive health, hydration and electrolyte replenishment post-exercise, and intestinal flora and gut function which ultimately causes a positive impact on the globe botanical extracts market.
Market Segmentation
The Global Botanical Extracts Market has been segmented based on Form, Source, Application, and Region.
By form segment, the market has been categorized into Powder and liquid. Based on Source the global market has been classified into Herbs & Spices, fruits, and others.
The Global Botanical Extracts Market, by Application, has been classified into Food, Beverages, Personal Care, Pharmaceuticals & Nutraceuticals, and Others. The pharmaceuticals & nutraceuticals sector is estimated to lead the global market and be valued at USD 7,766.5 million during the review period.
Regional Analysis
Global botanical extracts Market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America is likely to drive the largest market share of the botanical extracts market during the forecast period and was evaluated for a 32.64% share of the market in 2018. The regional market growth is been attributed to the US and Canada owing to the rising consumption of dietary supplements. The accelerating medical service costs have resulted in inclined consumers toward the adoption of healthy alternatives in their daily routine, and the consumption and demand for dietary supplements have increased significantly. The regional growth is driven by the growing demand for natural ingredients in several food and beverages.
Moreover, the market in Europe exhibits the second-largest market contribution share of the botanical extracts market in an account of the rising consumption of functional beverages.
Major Players
The Key Players in the Global Botanical Extracts Market include Ransom Naturals Ltd (UK), International Flavors & Fragrances Inc. (US), Synthite Industries Limited (India), Martin Bauer Group (Germany), Prinova Group LLC (US), Synergy Flavors Inc. (US), and Kalsec Inc. (US).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Overview
Global Botanical Extracts Market is accounted to register a CAGR of 5.45% and surpass USD 25,151.7 Million during the review period.
Botanical extracts are concentrated plant materials that benefit therapeutic properties. The methods used to obtain plant extraction are cold pressing, steam distillation, solvent extraction, oil infusion, and others. The rising consumption of dietary supplements across the globe is the key factor affecting positively on the botanical extracts market. Botanical extracts are successfully adopted by the production suppliers of several food & beverage products, especially functional beverages. Besides, the limited supply of raw materials and price fluctuations may restrain the growth of the global botanical extracts market during the review period.
The Global Botanical Extracts Market is expected to register substantial growth during the review period owing to its application in several food products, including baked goods, confectionery, dairy products, and meat products. The demand for functional beverages has been increasing significantly across the globe and because of the presence of ingredients such as minerals, vitamins, herbs, amino acids, antioxidants, and bacteria. These functional beverages have advantageous effects on the body, such as improved immunity, heart rate, digestive health, hydration and electrolyte replenishment post-exercise, and intestinal flora and gut function which ultimately causes a positive impact on the globe botanical extracts market.
Market Segmentation
The Global Botanical Extracts Market has been segmented based on Form, Source, Application, and Region.
By form segment, the market has been categorized into Powder and liquid. Based on Source the global market has been classified into Herbs & Spices, fruits, and others.
The Global Botanical Extracts Market, by Application, has been classified into Food, Beverages, Personal Care, Pharmaceuticals & Nutraceuticals, and Others. The pharmaceuticals & nutraceuticals sector is estimated to lead the global market and be valued at USD 7,766.5 million during the review period.
Regional Analysis
Global botanical extracts Market has been categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
North America is likely to drive the largest market share of the botanical extracts market during the forecast period and was evaluated for a 32.64% share of the market in 2018. The regional market growth is been attributed to the US and Canada owing to the rising consumption of dietary supplements. The accelerating medical service costs have resulted in inclined consumers toward the adoption of healthy alternatives in their daily routine, and the consumption and demand for dietary supplements have increased significantly. The regional growth is driven by the growing demand for natural ingredients in several food and beverages.
Moreover, the market in Europe exhibits the second-largest market contribution share of the botanical extracts market in an account of the rising consumption of functional beverages.
Major Players
The Key Players in the Global Botanical Extracts Market include Ransom Naturals Ltd (UK), International Flavors & Fragrances Inc. (US), Synthite Industries Limited (India), Martin Bauer Group (Germany), Prinova Group LLC (US), Synergy Flavors Inc. (US), and Kalsec Inc. (US).
COVID 19 Impacts
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
