Global Botanical Extract Market
Botanical Extracts Market Size And Forecast
According to Verified Market Research, the Global Botanical Extracts Market was valued at USD 4.57 billion in 2019 and is projected to reach USD 8.51 billion by 2027, growing at a CAGR of 8.7% from 2020 to 2027.
Global Botanical Extracts Market Overview
Rising demand for botanical extracts in the pharmaceutical and cosmetic sectors is one of the major factors contributing to the growth of the market. These extracts isolated from plants are used for many cosmetic applications such as derma protection & regeneration, soothing & anti-inflammation, moisturizing, brightening & lightening, hair care, aging, and many others. In the pharmaceutical industry, these extracts are used in different therapies for the purpose of cure, treatment or prevention of diseases.
Botanical Extracts Market: Segmentation
The Botanical Extracts market is segmented on the basis of form, application, and geography.
The major players in the market are Frutarom, Ransom Natural Ltd, PT, INDESSO AROMA, Blue Sky Botanics Ltd., Haldin, Dohler, and others.
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