Press release
Botanical Extracts Market: Impressive Growth and Key Trends Analysis ($7.07 Billion-$11.63 Billion)
Botanical Extracts Market Outlook
What Is The Projected Market Size Of The Global Botanical Extracts Market And Its Growth Rate?
• The market size of botanical extracts was $7.07 billion in 2024 and is forecasted to grow at a CAGR of 9.2% to reach $7.72 billion in 2025.
• The growth factors during the historic period were traditional remedies, cultural and traditional use, and favorable regulations.
• The market is predicted to reach $11.63 billion in 2029 at a CAGR of 10.8%, driven by increasing health awareness, consumer demand for functional foods and beverages, and surging popularity of herbal supplements.
What Is Driving The Growth In The Botanical Extracts Market?
The demand for convenience foods is fueling the market growth for botanical extracts. The market for botanical extracts is anticipated to expand as convenience food, which constitutes ready-to-eat food products, sees a significant upsurge in demand. Plant extracts, with their medicinal properties, are utilized in the food industry to enhance flavor and color while offering health benefits. For instance, the U.S. consumers invested an average of 11.3% of their total expenditures on food away from home in 2022, according to the Economic Research Service of the U.S. Department Of Agriculture.
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Who Are the Key Players Driving Botanical Extracts Market Growth?
• International Flavors & Fragrances Inc.
• Himalaya Herbal Healthcare
• Blue Sky Botanics Ltd.
• Naturex
• Synthite Industries Ltd.
• Nexira
• Layn Natural Ingredients Corp.
• Indesso
• Dohler GmbH
• Hunan Nutramax Inc.
What Are The Key Trends In The Botanical Extracts Market?
• Innovative product development and increased bioavailability
• Mergers and acquisitions
• Government initiatives towards research and development
What Are The Segments Of The Global Botanical Extracts Market?
• 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
Which Region Leads The Botanical Extracts Market?
North America dominated the botanical extracts market in 2024. The regions covered in this market include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Botanical Extracts Market Global Market Report?
- Market Size Analysis: Analyze the Botanical Extracts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Botanical Extracts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Botanical Extracts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Botanical Extracts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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