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At 7.10% CAGR, Botanical Extracts Market By Product and Services, Application, Key players & Forecast to 2029

04-21-2023 02:03 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Data Bridge Market Research Published Latest Global Botanical Extracts Market Study by in-depth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. This Botanical Extracts market report serves business purposes and endows you with the best market research and analysis performed with the advanced tools and techniques. This market research report classifies the market by companies, geographical region, type, component, application and end-use industry. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market. This Botanical Extracts market research report also identifies and analyses the emerging trends along with major driving factors, challenges and opportunities in the market.

Available Sample Report in PDF Version along with Graphs and Figures @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-botanical-extracts-market

Market Analysis and Size

Data Bridge Market Research analyses that the botanical extracts market which was valued at USD 6.10 billion in 2021 is expected to reach the value of USD 10.56 billion by 2029, at a CAGR of 7.10% during the forecast period of 2022-2029.

As a growing number of consumers seek safe and effective products, there has been a rapid shift from synthetic products to more natural and organic products in recent years. Botanical extracts contains a lot of antioxidants and flavonoids. They are widely used across the food and beverage and cosmetic industries.

Botanical extracts are herbal-product of various types. Herbal extract is created when a solvent reacts with plant material, dissolving some of its components. Once separated from the insoluble plant materials, the remaining solution is the extract, which can be left in liquid form or removed to produce a solid extract.

Botanical Extracts Market Dynamics

Drivers:

Shift in the lifestyle as well as growing demand from the personal care industry

An increasing working population, rising demand for ready-to-use products, and expanding retail markets are some of the factors expected to drive global market growth during the forecast period. The growing use of botanicals as natural ingredients in the personal care industry is expected to drive growth in the global botanical capsule market. Additionally, rising disposable income levels, rising food and beverage expenditure, and rising consumer awareness of healthy lifestyles are expected to drive botanical extracts market growth.

Opportunity

The growing global demand for organic products is expected to provide market participants with a lucrative opportunity in the coming years. Due to the high demand for botanical's functional properties, manufacturers in the global botanical market constantly introduce new and innovative products. They are also introducing ready-to-consume variants in order to broaden their product portfolio and boost overall sales. Furthermore, they are investing in innovative marketing strategies and celebrity endorsements, which are expected to boost market growth in the coming years.

Key Market Players:

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)
Kuber Impex Ltd. (India)

Get Detailed 350 Pages Report to Understand More @ https://www.databridgemarketresearch.com/reports/global-botanical-extracts-market

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