Botanical Extracts Market Size and Growth Rate:
Botanical
Extracts Market was valued at USD xx million in 2017 and projected to reach USD
6.03 Billion by 2022 growing at a CAGR of 9.0% during the forecast period 2017
to 2022.
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Botanical Extracts Market Overview:
The botanical extracts are ingredients of
products based on of plants and are present in dry, liquid or semi-solid form.
Botanical extracts are used in widespread applications in the food and beverage
industry and in the cosmetics industry.
Botanical Extracts Market Growth Drivers and Opportunities:
The growing demand for ready-to-serve food
products, the shift to clean and environmentally friendly brands, and increased
awareness of the side effects of synthetic products are expected to spur market
growth for plant extracts during the period. More and more manufacturers in the
food and cosmetics industry are replacing ingredients that consumers perceive
as synthetic products. In addition, consumers are also changing their
preferences for healthy natural ingredients that should support the botanical
extract market during the forecast period. This is an important step towards
finding the right balance of health and flavor. The growing acceptance of
international cuisines is also one of the factors that led to the growing
market of botanical extracts in terms of value.
Among the different types of products, natural
vegetable oils have attracted the attention of cosmetic brands backed by a
growing interest in aromatherapy, natural remedies and other properties such as
relaxation or refreshment.
It is expected that increasing consumer
awareness of the benefits of consuming products that include natural botanical
extract without compromising taste will help increase the size of the botanical
extracts market over the forecast period.
These plant extracts are available in the form
of herbs, roots, flowers, fruits, leaves and seeds. Food and beverage and
cosmetics sectors are two most prominent application areas of these extract
compared to its others benefits.
Geographic
Segmentation of Botanical Extracts
Market:
Based on the region, the global market for botanical
extract is segmented into North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific, and the Middle East and Africa. North America and Western
Europe are expected to account for a significant portion of world revenues over
the forecast period, while Asia Pacific is expected to represent substantial
growth.
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Key Market
Players of Botanical Extracts Market:
Some of the main players that offer botanical
extract include: Frutarom Ltd, Döhler GmbH, Bell Flavors and Fragrances, New
Directions Aromatics Inc., PT. INDESSO AROMA, The Herbarie of Stoney Hill Farm,
Inc., Lipoid Kosmetik AG, Kalsec Inc. and others.
Botanical Extracts Market Segmentation:
By Source:
·
Spices
·
Herbs
·
Flowers
·
Tea Leaves
By Form:
·
Powder
·
Liquid
By
Application:
·
Food
·
Beverages
By Region:
·
North America
·
South America
·
Europe
·
Asia Pacific
·
Middle East and Africa
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