Global Botanicals Market (2021 to 2026) - Growth, Trends and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Botanicals Market - Growth, Trends and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The global botanicals market was valued at USD 93.6 billion in 2020, registering a CAGR of 6.63%, during the period, 2021-2026.

Companies Mentioned

• Kalsec Inc
• Firmenich SA
• Lipoid Kosmetik AG
• Blue Sky Botanics Ltd
• International Flavors & Fragrances Inc.
• Ransom Naturals Ltd (OBG Pharmaceuticals Ltd)
• Bell Flavors & Fragrances
• NAGASE & CO. LTD (Prinova)
• Martin Bauer Group
• Givaudan

Key Market Trends

Wide Application and Functionality of Botanicals

With the advent of new segments, such as functional foods, cosmeceuticals, and animal feed, the market for herbs and botanicals has changed significantly over the past decade. This has opened new opportunities for manufacturers, allowing them to position botanicals and other natural ingredients in products that no longer have to compete with only synthetic and medicinal ingredients. The cosmetic and personal care segment is predicted to augment substantial gain in the market for botanical ingredients over the coming years. Producers of botanical skincare ingredients are providing natural ingredients with consumer safety and high-quality standards. The cosmetic and personal care companies are constantly discovering novel herbal ingredients, as buyers are inclining more toward natural ingredients-based products. In response to the ongoing demand from the cosmetic industry, the ingredient companies are also increasing their research and development to provide the cosmetic and personal care industry with innovative botanical extracts. For instance, in 2019, Givaudan launched its Adaptogenes botanical solution, a collection made of 10 botanical extracts, including moringa, turmeric, aloe vera, and acerola for the skin and body care products.

Europe Holds Largest Market Share

Germany has emerged to be the leading market in the region. The country is also one of the leading importers of spices and herbs in the European market. Evolving consumer taste preferences, healthy living habits, and convenience are the primary factors that are boosting the botanical extract market in the region. Additionally, the growing trend of Asian cuisines like Chinese, Continental, and Japanese among European consumers is also increasing the demand for organic spices and herbs. There is a demand for natural anti-ageing skincare product which has herbal and organic ingredient due to prevalence of middle-aged people who are witnessing ageing anxiety in the region. For Instance, In 2018, Italian company Bema Cosmetics launched its Blue Defense face range and Solar Tea Sun Protection cream. The products are made using natural organic ingredients like cranberry seed oil and licorice root extract which helps signs of ageing. Moreover, due to an increase in the ageing population in the region, there is a need for natural food supplements and nutrition together with anti-ageing skincare products in the European market.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

3.1 Market Overview

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 By Source

5.1.1 Herbs

5.1.2 Spices

5.1.3 Flowers

5.1.4 Other Sources

5.2 By Application

5.2.1 Food and Beverage

5.2.1.1 Bakery and Confectionery

5.2.1.2 Sauces and Dressings

5.2.1.3 Functional Beverages

5.2.1.4 Other Food and Beverages

5.2.2 Dietary Supplements

5.2.3 Animal Feed

5.2.4 Other Applications

5.3 Geography

5.3.1 North America

5.3.1.1 United States

5.3.1.2 Canada

5.3.1.3 Mexico

5.3.1.4 Rest of North America

5.3.2 Europe

5.3.2.1 Spain

5.3.2.2 United Kingdom

5.3.2.3 France

5.3.2.4 Germany

5.3.2.5 Italy

5.3.2.6 Russia

5.3.2.7 Rest of Europe

5.3.3 Asia-Pacific

5.3.3.1 China

5.3.3.2 India

5.3.3.3 Japan

5.3.3.4 Australia

5.3.3.5 Rest of Asia-Pacific

5.3.4 South America

5.3.4.1 Brazil

5.3.4.2 Argentina

5.3.4.3 Rest of Latin America

5.3.5 Middle East & Africa

5.3.5.1 Saudi Arabia

5.3.5.2 South Africa

5.3.5.3 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

8 IMPACT OF COVID-19 ON THE MARKET

For more information about this report visit https://www.researchandmarkets.com/r/adqjax