The global demand for Herbal Extracts Market is presumed to reach the market size of nearly USD XX MN by 2030 from USD XX MN in 2022 with a CAGR of XX% under the study period of 2023 - 2030.
Herbal extracts are materials extracted from the plant using different methods and solvents. It can be extracted using a tincture, dried powder, essential oils, and liposomal blends. Herbal extracts represent naturally occurring phytochemicals removed from the inert structural material of the plant that produced them. Herbal extracts are employed in a wide range of food & beverages, pharmaceuticals & nutraceuticals, and personal care products due to their properties like antioxidant, anti-inflammatory, antiseptic, antimicrobial, among others.
Market Dynamics
The global herbal extracts market is anticipated to grow exponentially. Growing preference for natural products with no or fewer side effects in the medical and cosmetic industry drives the global herbal extract market. Rising side effects of synthetic therapies and growing awareness about the benefits and properties of herbs also contribute to the market growth. Herbal extracts are gaining popularity in developing and developed countries due to their natural origin and fewer side effects. Another significant advantage of herbal extract is that the phytochemicals bypass the need for digestion and are readily absorbable, offering greater convenience than consuming an herb in its raw form. However, scarcity of raw material and inferior performance compare to synthetic components obstruct the demand.
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 an inclusive assessment of each segment in the global market of herbal extracts. The growth and trends of Herbal Extracts Industry provide a holistic approach to this study.
Market Segmentation
This section of the herbal extracts market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Garlic
- Basil
- Soy
- Marigold
- Aloe Vera
- Licorice
- Reishi
- Others
By Application
- Food & Beverages
- Personal Care
- Dietary Supplements
- Pharmaceuticals
- Cosmetics
- Others
By Distribution Channel
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Herbal Extracts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Herbal Extracts Market Share by Region (Representative Graph)
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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 Herbal Extracts market include Martin Bauer, Indena, Euromed, Naturex, Bio-Botanica, Maypro, Sabinsa, Pharmchem (Avocal Inc.), Natural, Xi'an Shengtian. This section consists of 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.
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