Coherent Market Insights published a business research report on Botanical Extracts Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Botanical Extracts Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Botanical extracts refer to any medication or pesticide created or derived from plant materials. Particularly in the pharmaceutical and cosmetic industries, demand for plant extracts is steadily increasing. The global market for botanical extracts is expanding as a result of rising consumer awareness about the adverse effects of allopathic medications as well as the therapeutic and medical benefits of herbal products. Botanical products are in greater supply in the pharmaceutical sector due to their prolonged shelf life and quick reactivity. The market for natural compounds is anticipated to increase at a rapid pace during the coming quarters owing to the functional category and self-medication. A significant trend in the international economy is the use of herbal ingredients for conditions like weight loss, anti-aging, joint and bone health, and digestion, and others.
Botanical Extracts Market Taxonomy
On the basis of source, the global market is classified into:
- Tea Leaves
On the basis of form, the global market is classified into:
On the basis of application, the global market is classified into:
- Bakery & Confectionery
- Carbonated soft drinks
- Iced Teas
- Alcoholic beverages
- Flavored Dairy products
- Cosmetic & personal care
Spices are the prime cause of herbal ingredients, and this sector has the lion’s percentage of the global market for botanical extracts. It is extensively used in the food and beverage sector. During the projected period, a sizable market share is anticipated for the powder category. The growing popularity of trying out new foods and the demand for nutritious eating will drive up the price of botanical extracts in the food business.
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Botanical Extracts Market Outlook
The much more lucrative sector for botanical extracts is anticipated to be North America, followed by Europe. Because of the increasing orders from each and every sector of the beverage and food industry, many businesses are moving toward natural herb and botanical obtain goods. Functional foodstuffs sold in North America fall into Generally Recognized as Safe category under the Canadian Foods and Drugs Act (GRAS). A major market trend is the addition of all-natural, beneficial, and enticing components to tea, which calls for additional botanical extracts in this industry. The global market for botanical extracts is expanding as a result of the high orders for organic and fair trade products. The development of new smells and flavours employing spice and plant extracts, along with significant expenditures made in the beverage and food industry, are anticipated to drive market expansion. The market for botanical extracts in Europe is being driven by a shift in customer preference toward natural goods and a healthy way of life. The most widely utilised botanical extracts in the food sector are chilli and pepper, which are frequently employed in convenience and street cuisine. An expanding market for botanical extracts is Asia Pacific, which is one of the leading suppliers of these products. Botanical extracts’ starting points come from both domesticated and wild plants that have been gathered. This has, in turn, increased rivalry among producers of botanical extracts worldwide.
In order to diversify their product offerings, producers of botanical extracts are introducing technology connected to extraction techniques. A patented, cost-effective process for extracting L-Theanine from green tea was introduced in April 2017 by BOTANIEX, one of the major players in the botanical extracts market, giving the beverage and supplement sectors access to a low-cost natural ingredient.
Some of the major players in the worldwide botanical extracts market are Synthite Industries Ltd., Synergy Flavors, Kalsec Inc., Prinova Group LLC, Arjuna Natural Extracts Ltd., Acumen Lifesciences, Green Source Organics, Nexira FutureCeuticals, Fytosan, Organic Herb Inc., Jairamdass Khushiram Impex Pvt. Ltd., Nutra Green Biotechnology Co. Ltd., Dohler, Haldin, Blue Sky Botanics Ltd., Ransom Natural Ltd, PT. INDESSO AROMA, and Frutarom.
Botanical Extracts Market: Key Developments
- International Flavors & Fragrances Inc. declared that The Mighty co. Ltd.’s 60% share capital had been fully acquired by its Frutarom Division. To continue its growth plan in Southeast Asia, this was carried out in Thailand.
- S7 was added to the sports nutrition line of the branded goods by FutureCeuticals, Inc. Nitric oxide levels in the human body can be increased by 230% over baseline with the blend of seven plant-based components that make up this product.
- The Indesso Group made the strategic choice to start building an R&D facility at the Cileungsi factory while also expanding its extract production facility. The company has also installed new equipment at this plant, including a multi-stage spray dryer that can create products in granular form that are easily dissolved in water.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Botanical Extracts Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Botanical Extracts Industry Impact
Chapter 2 Global Botanical Extracts Competition by Types, Applications, and Top Regions and Countries
2.1 Global Botanical Extracts (Volume and Value) by Type
2.3 Global Botanical Extracts (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Botanical Extracts Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Botanical Extracts Market Analysis
Chapter 6 East Asia Botanical Extracts Market Analysis
Chapter 7 Europe Botanical Extracts Market Analysis
Chapter 8 South Asia Botanical Extracts Market Analysis
Chapter 9 Southeast Asia Botanical Extracts Market Analysis
Chapter 10 Middle East Botanical Extracts Market Analysis
Chapter 11 Africa Botanical Extracts Market Analysis
Chapter 12 Oceania Botanical Extracts Market Analysis
Chapter 13 South America Botanical Extracts Market Analysis
Chapter 14 Company Profiles and Key Figures in Botanical Extracts Business
Chapter 15 Global Botanical Extracts Market Forecast (2023-2030)
Chapter 16 Conclusions
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