Press release
Honeybush Extract - Global Market Insights and Sales Trends 2024
Honeybush Extract - MarketHoneybush extract is the extract from honeybush plant which is cultivated only in South Africa. Honeybush extracts help the human body to fight against germs and prevent from falling sick.
The global Honeybush Extract market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Honeybush Extract in various end use industries. The expanding demands from the Pharmaceutical, Food and Beverages and Personal Care,, are propelling Honeybush Extract market. Powder, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Liquid segment is estimated at % CAGR for the next seven-year period.
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Asia Pacific shows high growth potential for Honeybush Extract market, driven by demand from China, the second largest economy with some signs of stabilising, the Honeybush Extract market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
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Key Profiles:
Arbor Teas
Twining USA
Adagio Teas
Cape Honeybush Tea
Khoisan Tea
By Type
• Powder
• Liquid
By Application
• Pharmaceutical
• Food and Beverages
• Personal Care
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