The global demand for Botanical Extracts Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Botanical extract refers to the process of extraction that aims to extract certain components present in plants. These plant-based products are used for medicinal and healing properties, flavor, and fragrance. Botanical products consist of whole, cut plants, and other plant parts such as stem, leaves, and roots. They are extracted from many methods such as pressing, squeezing, extraction, fractionation, distillation, concentration, drying up, and fermentation. Botanical extract products are also known with other names that include herbal medicines, dietary herbal supplements, phytomedicines, and phytotherapeutic agents.
The market is predominantly driven by the rising demand for botanical extracts products in the cosmetic and pharmaceutical industries. These products are used in a cosmetic application such as derma protection & regeneration, soothing & anti-inflammation, moisturizing, brightening & lightening, hair care, aging, etc. In addition to this, in the pharmaceutical sector, these extracts are utilized in different therapies to cure, treat, or prevent diseases. Apart from this, a rising number of chronic and lifestyle diseases and growing the phenomenon of side effects. Botanical drugs can be used as an alternative to allopathic medicines. Therefore, the rising awareness regarding allopathy medicines' side effects is another driving factor for the market. However, the availability of substitutes and limited availability and unstable raw material prices of botanical extracts are hampering the growth of the global market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of botanical extracts.
The entire botanical extracts market has been sub-categorized into form, source and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Herbs & Spices
- Personal Care
- Pharmaceuticals & Nutraceuticals
This section covers regional segmentation which accentuates on current and future demand for botanical extracts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Botanical Extracts Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the botanical extracts market include Ransom Naturals Ltd., International Flavors & Fragrances Inc., Synthite Industries Limited, Martin Bauer Group, Prinova Group LLC, Synergy Flavors, Inc., Kalsec Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.