DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Botanical Extracts Market by Source (Spices, Herbs, Flowers, Tea leaves), Application (Food: Bakery & Confectionery and Sauces & Dressings, Beverages: Alcoholic Beverages, Carbonated Soft Drinks, Ice Tea), Form, and Region - Global Forecast to 2022" report to their offering.
The botanical extracts market is projected to grow at a CAGR of 9.0%, in terms of value, from 2017 to reach USD 6.03 Billion by 2022. Botanical extracts are widely used ingredients in food & beverage applications owing to their functional properties. Also, the growing demand for natural & nutritious products has increased the demand for botanical extracts in the food & beverage industry.
The global market has been segmented by source into spices, herbs, tea leaves, and flowers. Spice extracts have emerged as the most widely used, owing to changes in lifestyles and growth in the trend of exploring & experiencing new foods. Some of the spices include cinnamon, pepper, clove, fennel, cumin, cardamom, coriander, and tamarind.
Based on form, the powder segment is estimated to account for a major share in 2017. The demand for powdered botanical extracts is driven by its wide range of applications such as meat, dairy, and bakery & confectionery to develop the desired aroma and taste. Better stability than in liquid botanical extracts and increased shelf life are some of the other key drivers for this form.
The food application segment is estimated to account for a larger market share in 2017, with the beverage application projected to grow at a higher CAGR. The food segment is subsegmented into bakery & confectionery and sauces & dressings. The beverage application is subsegmented into alcoholic beverages, carbonated soft drinks, iced tea, and flavored dairy products. The flavored dairy products segment is projected to grow at the highest CAGR, owing to demand for flavored milk and flavored yogurt among consumers, these days.
- Acumen Life Sciences (India)
- Arjuna Natural Extracts Ltd (India)
- Bi Nutraceuticals
- Blue Sky Botanics Ltd
- Changsha Botaneix Inc (China)
- Döhler Gmbh
- Frutarom Industries Ltd.
- Futureceuticals Inc. (U.S.)
- Fytosan (France)
- Green Source Organics (U.S.)
- Greenvit (Poland)
- Haldin Natural
- Inovia International (U.K)
- Jairamdass Khushiram Impex Pvt. Ltd (India)
- Kalsec Inc.
- Kuber Impex Ltd.
- Mb-Holding Gmbh & Co. Kg
- Nexira (France)
- Nutra Green Biotechnology Co. Ltd
- Organic Herb Inc (China)
- Prinova Group Llc
- Pt. Indesso Aroma
- Ransom Naturals Ltd
- Synergy Flavors
- Synthite Industries Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Botanical Extracts Market, By Source
7 Botanical Extracts Market, By Form
8 Botanical Extracts Market, By Application
9 Botanical Extracts Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/gq4b5s/botanical