Global Botanical Extracts Market Analysis, Trends and Opportunities 2020 - 2026
Summary -
A new market
study, titled “Global Botanical Extracts Market - Global Demand, Sales, Consumption and
Forecasts to 2026 “ has been featured on WiseGuyReports.
Global Botanical Extracts Market
Research Report—Forecast till 2025
Market
Overview
Global
Botanical Extracts Market is accounted to register a CAGR of 5.45% and surpass
USD 25,151.7 Million during the review period.
Botanical
extracts are concentrated plant materials that benefit therapeutic properties.
The methods used to obtain plant extraction are cold pressing, steam
distillation, solvent extraction, oil infusion, and others. The rising
consumption of dietary supplements across the globe is the key factor affecting
positively on the botanical extracts market. Botanical extracts are
successfully adopted by the production suppliers of several food & beverage
products, especially functional beverages. Besides, the limited supply of raw
materials and price fluctuations may restrain the growth of the global
botanical extracts market during the review period.
The Global
Botanical Extracts Market is expected to register substantial growth during the
review period owing to its application in several food products, including
baked goods, confectionery, dairy products, and meat products. The demand for
functional beverages has been increasing significantly across the globe and because
of the presence of ingredients such as minerals, vitamins, herbs, amino acids,
antioxidants, and bacteria. These functional beverages have advantageous
effects on the body, such as improved immunity, heart rate, digestive health,
hydration and electrolyte replenishment post-exercise, and intestinal flora and
gut function which ultimately causes a positive impact on the globe botanical
extracts market.
Market
Segmentation
The Global
Botanical Extracts Market has been segmented based on Form, Source, Application,
and Region.
By form
segment, the market has been categorized into Powder and liquid. Based on
Source the global market has been classified into Herbs & Spices, fruits,
and others.
The Global
Botanical Extracts Market, by Application, has been classified into Food,
Beverages, Personal Care, Pharmaceuticals & Nutraceuticals, and Others. The
pharmaceuticals & nutraceuticals sector is estimated to lead the global
market and be valued at USD 7,766.5 million during the review period.
Regional
Analysis
Global
botanical extracts Market has been categorized into North America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa.
North
America is likely to drive the largest market share of the botanical extracts
market during the forecast period and was evaluated for a 32.64% share of the
market in 2018. The regional market growth is been attributed to the US and
Canada owing to the rising consumption of dietary supplements. The accelerating
medical service costs have resulted in inclined consumers toward the adoption
of healthy alternatives in their daily routine, and the consumption and demand
for dietary supplements have increased significantly. The regional growth is
driven by the growing demand for natural ingredients in several food and
beverages.
Moreover,
the market in Europe exhibits the second-largest market contribution share of
the botanical extracts market in an account of the rising consumption of
functional beverages.
Major
Players
The Key
Players in the Global Botanical Extracts Market include Ransom Naturals Ltd
(UK), International Flavors & Fragrances Inc. (US), Synthite Industries
Limited (India), Martin Bauer Group (Germany), Prinova Group LLC (US), Synergy
Flavors Inc. (US), and Kalsec Inc. (US).
COVID 19
Impacts
We are
continuously tracking the impact of COVID-19 pandemic on various industries and
verticals within all domains. Our research reports include the same and help
you understand the drop and rise, owing to the impact of COVID-19 on the
industries. Also, we help you to identify the gap between the demand and supply
of your interested market. Moreover, the report helps you with the analysis,
amended government regulations and many other useful insights.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5533035-global-botanical-extracts-market-research-report-forecast-till-2025
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH
TRENT
Ph: +162-825-80070
(US)
Ph: +44 2035002763 (UK)
Comments
Post a Comment