Global Botanical Extracts Market Industry Analysis, Size, Share and Growth Trends 2020-2026
Summary - A new market study, titled “Global Botanical Extracts Market Research Report—Forecast till 2025” 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.
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