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Botanical Extracts Global Market 2023 - Top Companies, Industry Analysis, Growth Statistics And Outlook By 2032
Botanical Extracts Market
Botanical Extracts Market Size, Growth Rate, And Forecast
The global botanical extracts market is expected to grow from $5.99 billion in 2022 to $6.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The botanical extracts market is expected to reach $9.37 billion in 2027 at a CAGR of 9.4%.
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Botanical Extracts Market Drivers
The growing demand for convenience food products propels the botanical extracts market going forward. Convenience food refers to tertiary processed food, which is ready-to-eat processed food. Plant extracts are used to enhance the colour and flavour of high-fat and ready-to-eat foods, such as meat.
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Botanical Extracts Market Segments
• By Technology: CO2 Extraction, Solvent Extraction, Steam Distillation, Enfleurage, Other Technologies
• By Source: Spices, Herbs, Flowers, Leaves, Other Sources
• By Form: Liquid, Powder, Semi-Solid
• By Application: Food and Beverages, Pharmaceutical and Nutraceutical, Cosmetics
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Botanical Extracts market.
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Botanical Extracts Market Key Players
Major competitors in the Botanical Extracts market include International Flavors & Fragrances Inc., Kalsec Inc., Dohler GmbH, Haldin Natural, Synthite Industries Ltd.
The Business Research Company's "Global Botanical Extracts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Botanical Extracts Market Include:
1. Executive Summary
2. Botanical Extracts Market Characteristics
3. Botanical Extracts Market Trends And Strategies
4. Botanical Extracts Market - Macro Economic Scenario
5. Botanical Extracts Market Size And Growth
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26. Africa Botanical Extracts Market
27. Botanical Extracts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Botanical Extracts Market
29. Botanical Extracts Market Future Outlook and Potential Analysis
30. Appendix
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