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 as an ingredient in the food & beverages industry to amend flavor, aroma, or nutritive quality. Botanical extracts also enhances properties like shelf life, and flavour and they help in reducing microbial spoilage. They are extracted from the plant tissue, generally by treating with a solvent such as water or alcohol. The increasing applications of botanical extracts in food & beverage industry, comsetics, and personal care products, due to its properties like antimicrobial and antioxidant is the major driving force for the development of the market. This market is greatly altered by the changes in preferences and consumption patterns of consumers who are looking for natural flavors in their food instead of synthetic ingredients.
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Key Prominent Players In The 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.), Ransom Naturals Limited (UK), International Flavors and Fragrances Inc (USA), Synthite Industries Limited (India), Martin Bauer Group (Germany) and other major players.
The Botanical Extracts market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
Botanical Extracts Market Segment by Form, Estimates, and Forecast by 2028
Botanical Extracts Market Segment by Applications, Estimates, and Forecast by 2028
Beverage, Personal care, Pharmaceutical, Nutraceuticals
Regional Analysis for COVID-19 Outbreak-Global Botanical Extracts Market:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)
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The report answers such questions as:
- What is the market size for Botanical Extracts and its forecast?
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- Which products/segments/applications/areas to invest in over the Global Botanical Extracts Market forecast period?
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