LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global botanical extracts market and the market is poised to grow by USD 2.03 billion during 2019-2023, progressing at a CAGR of over 8% during the forecast period. Request Free Sample Pages
Read the 113-page research report with TOC on "Botanical Extracts Market Analysis Report by Application (F&B, nutraceuticals, and cosmetics), by Geography (the Americas, APAC, and EMEA), and Segment Forecasts, 2019 - 2023".
The market is driven by the growing awareness about the benefits of natural cosmetics. In addition, the growing application of botanical extracts in the beverage industry is anticipated to further boost the growth of the botanical extracts market.
Manufacturers of cosmetics are using natural ingredients from sources such as minerals, leaves, flowers, water, herbs, and fruits to develop and provide natural makeup products. Natural cosmetics also contain botanical extracts with antimicrobial properties, tyrosinase inhibitors, and antioxidants. These products are a popular alternative to synthetic makeup products that contain harsh chemicals and preservatives harmful to skin. They also protect the skin against free radicals. Thus, the growing awareness about the benefits of natural cosmetics will boost the demand for botanical extracts during the forecast period.
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Major Five Botanical Extracts Market Companies:
BASF
BASF is headquartered in Germany and owns and operates businesses under various segments such as Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The company offers the product, SQISANDRYL LS 9905, made from the Schisandra Chinensis fruit.
Carbery Group
Carbery Group is headquartered in Ireland and manufactures and offers products through the following business units: Nutrition, Dairy, and Taste. The company offers Synergy Pure Extracts & Essences, which comprise of a line of plant-based ingredients.
DowDuPont
DowDuPont is headquartered in the US and has business operations under various segments, namely Agriculture, Performance Materials & Coatings, Industrial Intermediates & Infrastructure, Packaging & Specialty Plastics, Electronics & Imaging, Nutrition & Biosciences, Transportation & Advanced Polymers, and Safety & Construction.
International Flavors & Fragrances
International Flavors & Fragrances is headquartered in the US and offers products through the following business segments: Flavors and Fragrances. The company offers LAVANDIN ABSOLUTE ENFLEURAGE 2.0 ORGANIC LMR, which is extracted from the olfactive parts of lavandin.
Kerry
Kerry is headquartered in Ireland and offers services through the following business segments: Taste & Nutrition and Consumer Foods. The company offers natural extracts in flavors such as fruits and vegetables, herbs and spices, coffee, cocoa, citrus, and vanilla.
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Botanical Extracts Application Outlook (Revenue, USD Million, 2019 - 2023)
- F&B
- Nutraceuticals
- Cosmetics
Botanical Extracts Regional Outlook (Revenue, USD Million, 2019 - 2023)
- Americas
- APAC
- EMEA
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