The Worldwide Botanical Extracts Industry is Expected to Reach $10.1 Billion by 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Botanical Extracts Market by Source (Spices, Fruits, Herbs, Flowers, Roots, Tea Leaves), Form (Powder, Semi-Solid), Application (Food {Bakery and Confectionery}, Beverages {Alcoholic Beverages}, Pharmaceutical), and Geography- Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

This report provides an in-depth analysis of the botanical extracts market in five major geographies and emphasizes the current market trends, market size, market share, recent developments, and forecast till 2028. The Global Botanical Extracts Market is expected to reach $10.1 billion by 2028 with 9.2% of CAGR during the forecast period of 2021 to 2028.

The growth of the botanical extracts market is mainly attributed to the increasing health and wellness trend with consumption of natural health products, growing demand for convenience food, increasing awareness regarding the benefits of herbal products over synthetic products, and rising demand for botanical extracts in the food and other application. Further, the emergence of new application areas in accordance with changing consumer trends and increasing investment in emerging economies is expected to offer lucrative opportunities in the forecasted period. However, the availability of substitute products is expected to hinder the growth of this market to some extent.

The study offers a comprehensive analysis of the global botanical extracts market concerning the various source, forms, applications, and technology. The global botanical extracts market is segmented based on source (spices, fruits, herbs, flowers, roots, tea leaves, and others), form (liquid, powder, and semi-solid), application (food, beverages, cosmetics and personal care, pharmaceutical, and other), technology (water extraction, cold pressing, steam distillation, enfleurage, supercritical co2 extraction, ultrasound-assisted extraction, others) and geography.

Key Questions Answered in the Report

• Which are the high-growth market segments in terms of the source, form, application, technology, and countries/regions?
• What is the historical market for botanical extract across the globe?
• What are the market forecasts and estimates for the period 2021-2028?
• What are the major drivers, restraints, and opportunities in the global botanical extracts market?
• Who are the major players in the global market, and what market share do they hold?
• Who are the major players in various countries, and what share of the market do they hold?
• How is the competitive landscape?
• What recent developments have taken place in the global botanical extracts market?
• What are the different strategies adopted by the major players in this market?
• What are the key geographic trends, and which are the high-growth countries?
• Who are the local emerging players in the global botanical extracts market, and how do they compete with the other market players?

Market Dynamics

Drivers

• Increasing Health and Wellness Trend with Consumption of Natural Health Products
• Growing Demand for Convenience Food
• Increasing Awareness Regarding the Benefits of Herbal Products Over Synthetic Products
• Rising Demand for Botanical Extracts in the Food and Other Applications

Restraints

• Availability of Substitutes Such as Synthetic Flavors

Opportunities

• Emergence of New Application Areas Following Changing Consumption Trends
• Increasing Investments in Emerging Economies

Trend

• Use of Most Efficient Extraction Methods

Scope of the Report:

Botanical Extracts Market, by Source

• Spices
• Herbs
• Fruits
• Mangoes
• Pomegranate
• Grapes
• Others
• Flowers
• Roots
• Beetroot
• Others
• Tea Leaves
• Others (Leaves, Seeds, Grains, Petals, Stems, and Bark)

Botanical Extracts Market, by Form

• Liquid
• Powder
• Semi-Solid

Botanical Extracts Market, by Application

• Food
• Bakery and Confectionery
• Sauces and Dressings
• Others
• Beverages
• Alcoholic Beverages
• Non-Alcoholic Beverages
• Carbonated Soft Drinks
• Ice Tea
• Flavored Dairy Products
• Sport Drinks
• Others (Functional Juices, Energy Drinks, among others)
• Cosmetics and Personal Care
• Hair Care Products
• Skin Care Products
• Oral Care Products
• Sun Care Products
• Decorative Cosmetic Products
• Body Care Products
• Perfumery Products
• Other Products
• Pharmaceutical
• Others

Botanical Extracts Market, by Technology

• Water Extraction
• Cold Pressing
• Steam Distillation
• Enfleurage
• Supercritical CO2 Extraction
• Ultrasound-assisted Extraction
• Others

Botanical Extracts Market, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• The Netherlands
• Belgium
• Rest of Europe (RoE)
• Asia-Pacific (APAC)
• Japan
• China
• India
• Australia
• South Korea
• Malaysia
• Indonesia
• Rest of Asia-Pacific (RoAPAC)
• Latin America
• Brazil
• Mexico
• Rest of Latin America (RoLATAM)
• Middle East & Africa

Companies Mentioned

• Ransom Naturals Ltd.
• International Flavors & Fragrances Inc.
• Synthite Industries Ltd.
• Martin Bauer Group
• Kalsec Inc.
• Synergy Flavors Inc.
• Prinova Group
• PT. Indesso Aroma
• Dohler GmbH
• Bell Flavors & Fragrances
• Nutra Green Biotechnology Co. Ltd.
• Kuber Impex Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/qsh5o3