Botanical Extracts Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 9.2% to Reach $10.1 Billion by 2028

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Botanical Extracts Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 9.2% to Reach $10.1 Billion by 2028

December 07
22:38 2021
Botanical Extracts Market: Meticulous Research® Uncovers the Reasons for Market Growth at a CAGR of 9.2% to Reach $10.1 Billion by 2028
The Botanical Extracts Market is expected to reach $10.1 billion by 2028, at a CAGR of 9.2% during the forecast period of 2021 to 2028.
Botanical Extracts Market by Source (Spices, Fruits, Herbs, Flowers, Roots, Tea Leaves), Form (Powder, Semi-Solid), Application (Food {Bakery and Confectionery}, Beverages {Alcoholic Beverages}, Pharmaceutical), and Geography– Global Forecast to 2028

Botanical extract is directly originated from plants. They are the natural products derived from spices, herbs, fruits, flowers, roots, and tea leaves, among others. These products have antimicrobial, insecticide, or repellent activities as natural-origin substances represent an environmentally friendly alternative. Their complex mode of action prevents the development of resistance in the target pests or pathogens.

Meticulous Research, in its latest publication on the Botanical Extracts Market, states that the market will increase at a CAGR of 9.2% from 2021 to 2028 to reach $10.1 Billion by 2028.

The growth of the botanical extracts market is mainly attributed to the increasing health & wellness trends with consumption of natural health products, growing demand for convenience food, increasing awareness regarding the benefits of herbal over synthetic products, and rising demand for botanical extracts in the food and other applications. Further, the emergence of new application areas in accordance with changing consumer trends and increasing investment in emerging economies are expected to offer lucrative opportunities for players operating in the market. However, the availability of substitute products is expected to hinder the growth of this market to some extent.

To provide efficient analysis, Meticulous Research® has segmented this market based on source (spices, fruits, herbs, flowers, roots, tea leaves, and others), form (liquid, powder, and semi-solid), application (food, beverages, cosmetics and personal care, pharmaceutical, and others), technology (water extraction, cold pressing, steam distillation, enfleurage, supercritical CO2 extraction, ultrasound-assisted extraction, and others), and Geography.

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Scope of the Report:

Botanical Extracts Market, by Source

  • Spices
  • Herbs
  • Fruits
    • Mangoes
    • Pomegranate
    • Grapes
    • Others
  • Flowers
  • Roots
    • Beetroot
    • Others
  • Tea Leaves
  • Others (Leaves, Seeds, Grains, Petals, Stems, and Bark)

Botanical Extracts Market, by Form

  • Liquid
  • Powder
  • Semi-Solid

Botanical Extracts Market, by Application

  • Food
    • Bakery and Confectionery
    • Sauces and Dressings
    • Others
  • Beverages
    • Alcoholic Beverages
    • Non-Alcoholic Beverages
      • Carbonated Soft Drinks
      • Ice Tea
      • Flavored Dairy Products
      • Sport Drinks
      • Others (Functional Juices, Energy Drinks, among others)
  • Cosmetics and Personal Care
    • Hair Care Products
    • Skin Care Products
    • Oral Care Products
    • Sun Care Products
    • Decorative Cosmetic Products
    • Body Care Products
    • Perfumery Products
    • Other Products
  • Pharmaceutical
  • Others

Botanical Extracts market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • The Netherlands
    • Belgium
    • Rest of Europe (RoE)
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Malaysia
    • Indonesia
    • Rest of Asia-Pacific (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (RoLATAM)
  • Middle East and Africa

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Based on source, the spices segment is expected to account for the largest share of the global botanical extracts market. The large share of this market is mainly attributed to the increasing popularity of ethnic cuisines and healthy foods in various countries; growing consumption of convenience, processed, and ready-to-eat dishes; rising awareness of the medicinal properties of spice extracts coupled with their use in novel food recipes; and potential growth for ginger, dried capsicum/pimenta, pepper, curcuma, cinnamon, and cloves extract in the European market.

Based on form, the liquid segment is expected to account for the largest share of the global botanical extracts market. The large share of this market is mainly attributed to its convenience and ease of use, high demand for liquid botanical extracts in cosmetics and beverages, and increased awareness concerning the side effects of synthetic products.

Based on applications, the food segment is expected to account for the largest share of the global botanical extracts market in 2021. The large share of this market is mainly attributed to the rise in the need for bakery and confectionery products, the rising preferences for organic flavoring agents, rising consumer demands for natural food ingredients, increasing demand for convenience food, and the growing popularity of international cuisine in various countries.

Based on technology, , the water extraction segment is expected to account for the largest share of the global botanical extracts market. The large share of this segment is mainly attributed to factors such as gaining popularity for solventless and non-toxic solvent extractions, interesting technology for the replacement of less environmentally friendly methods with devoid of hazardous solvent waste, and use of the water-based botanical extracts in the field of food and beverages.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/botanical-extracts-market-5192

Based on geography, the botanical extracts market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to account for the largest share of the global botanical extracts market in 2021. The large share of this region is mainly attributed to increasing consumer awareness regarding the benefits of consumption of products that include natural plant-derived extracts, huge availability of aromatic medicinal plants, increasing competition for natural resources, which gain the attention of consumers to focus on healthier lifestyles, and government initiatives to promote technological advancements.

Key players operating in the global botanical market are Ransom Naturals Ltd. (U.K.), International Flavors & Fragrances Inc. (U.S.), Synthite Industries Ltd. (India), Martin Bauer Group (Germany), Kalsec, Inc. (U.S.), Synergy Flavors Inc. (U.S.), Prinova Group (U.S.), PT. Indesso Aroma (Indonesia), Döhler GmbH (Germany), Bell Flavors & Fragrances (U.S.), Nutra Green Biotechnology Co., Ltd. (China), and Kuber Impex Ltd. (India), among others.

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