Global Botanical Extracts Market Growth Outlook And Opportunity Analysis- Industry Trends, Developments, Companies, And Market Size Forecast To 2029

Market Overview:

The global market for botanical extracts was estimated at USD 5.56 billion in 2021 and is projected to reach USD 10.16 billion by 2028, growing at a CAGR of 9% over the analysis period.

Botanical extracts are used in the food and beverage industry as ingredients to improve taste, aroma or restaurant. Botanical extracts also improve properties such as shelf life and flavour and help reduce microbial spoilage. They are extracted from plant tissue, usually by treatment with a solvent such as water or alcohol. The use of various plant extracts such as spices and herbal extracts along with other ingredients to enhance flavour is expected to grow the plant extracts market globally during the forecast period.

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Market Dynamics:

Driver:

Growing consumer awareness of the harmful and toxic effects of chemically added beauty and skin products and the growing use of plant extracts in the processing and preparation of sports foods and beverages are expected to drive market development during the analysis. period Growing demand for botanical extracts in the cosmetic and pharmaceutical industries is one of the major factors influencing the growth of the herbal extracts market. The growing use of personal care products and cosmetics has increased the use of plant extracts in the cosmetics industry.

Opportunities:

Authorities in various countries have taken initiatives and are investing in research and development to increase consumer awareness of the health benefits of natural ingredients and plant extracts. Several companies are also investing more in the research and development process to develop new flavours and herbs that satisfy consumer preferences. Also, changes in emerging trends and lifestyles and a decline in consumer demand for artificial flavours are seen in developing countries, leading to an increase in demand. Therefore, identifying new and exotic varieties of spices and herbs and their properties according to changing consumer preferences is imperative for manufacturers of plant extracts.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Form:

•Powder
•Liquid

By Source

•Herbs and Spices
•Fruits

By Application:

•Beverage
•Personal care
•Pharmaceutical
•Nutraceuticals

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Regional Analysis Of Botanical Extracts Market

The APAC region is expected to lead the growth of the botanical extracts market over the projected timeframe. The Asia-Pacific botanical extracts market is mostly driven by changing shifts in the consumer's preferences toward natural products and their rising concerns about healthy trends and lifestyles. The rapid increase in the economic growth in the Asia Pacific region is projected to attain high demand for various ingredients, especially in China, India, and the Southeast Asian countries. The largest revenue contributor to the Asia-Pacific botanical extract market in recent years was India. The Indian region has a vast number of small-scale enterprises and farmers involved in the large-scale trading of spices and herbs extracts due to favorable climatic conditions in this region. The rising demand for organic processed food and beverages is expected to impact the Asia-Pacific market.

By Region:

•North America (U.S., Canada, Mexico)
•Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
•Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
•Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Botanical Extracts Market

•Frutarom Ltd. (Israel)
•Kalsec Inc (U.S.)
•Döhler GmbH (Germany)
•Nexira (France)
•Haldin Natural (Indonesia)
•Synergy Flavors (U.S.)
•Bell Flavors & Fragrances (U.S.)
•Nutra Green Biotechnology Co.Ltd. (China)
•Blue Sky Botanics (U.K.)
•Fytosan (France)
•BI Nutraceuticals (U.S.)

Key Industry Development In The Botanical Extracts Market

In March, 2022, Bell Flavors & Fragrances released the 2022 Spark Trend Toolkit to recognize innovations within the fragrance and flavor industries. This toolkit has been reconceived, including both micro and macro trends that are applied to a fragrance or flavor category to pick out what's next.

In February, 2022, International Flavors and Fragrances Inc announced that it has agreed to acquire Health Wright Products, LLC (HWP), a leader in capsule manufacturing and formulation for the industry.

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Table of Content:

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Form
 3.2 By Source
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Botanical Extracts Market by Form
 5.1 Botanical Extracts Market Overview Snapshot and Growth Engine
 5.2 Botanical Extracts Market Overview
 5.3 Powder
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Powder: Grographic Segmentation
 5.4 Liquid
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Liquid: Grographic Segmentation

Chapter 6: Botanical Extracts Market by Source

Continued….

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