SEO Company in Pune
Marketing & Advertising
Global Botanical Extracts Market is projected to be valued at USD 25,151.7 Million by 2025, expanding at a CAGR of 5.45% during the forecast period. Botanical extracts are available in powder and liquid form, and their use is increasing in food and beverage processing, especially functional beverages. The growth of the global botanical extracts market is driven by increasing use in personal care applications along with health benefits offered by botanical extracts. However, the limited availability of botanical extracts is hampering the growth of the market. The increasing demand for organic ingredients is expected to offer lucrative opportunities to market players in the coming years.
Segmental Analysis
The Global Botanical Extracts Market has been segmented based on Form, Source, Application, and Region.
By form, the global market has been divided into powder and liquid. The powder segment accounted for the maximum market share in 2018, whereas the same segment is expected to register the highest CAGR of 5.57% during the forecast period. The herbs primarily used for botanical extraction are turmeric, rosemary, mint, basil, chives, sage, bay leaf, and thyme. The demand for such herbs is increasing at a high pace due to its wider application in food and beverages and pharmaceutical products across the globe.
By source, the global market has been divided into herbs & spices, fruits, and others. The herbs & spices segment accounted for the maximum market share in 2018. The herbs primarily used for botanical extraction are turmeric, rosemary, mint, basil, chives, sage, bay leaf, and thyme. The demand for such herbs is increasing at a high pace due to its broader application in food & beverages and pharmaceutical products across the globe. Apart from that, the use of spices is not restricted to culinary purposes, and they are used for food & beverages, pharmaceuticals, nutraceuticals, personal care, pet food, and other applications. The widely used spices are ginger, garlic, cumin, cloves, and coriander. The demand for spices is surging at a high pace owing to its widespread use in convenience food and nutraceuticals.
Regional Analysis
Geographically, the Global Botanical Extracts Market has been categorized into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the market, accounting for the largest share in 2018. Europe botanical extracts market accounted for the second-largest market share in 2018. Asia-Pacific is projected to register the highest CAGR of 5.73% during the forecast period.
Key Players
Market Research Future has identified Ransom Naturals Ltd (UK), International Flavors & Fragrances Inc. (US), Synthite Industries Limited (India), Martin Bauer Group (Germany), Prinova Group LLC (US), Synergy Flavors Inc. (US), and Kalsec Inc. (US) as the Key Players in the Global Botanical Extracts Market.
Complete Report Details @ https://www.marketresearchfuture.com/reports/botanical-extracts-market-4824
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Comments