Global Botanical Extracts Market
The global Botanical Extracts Market was valued at USD 3.58 billion in 2016 and is projected to reach USD 7.59 billion by 2025, growing at a CAGR of 8.7% from 2017 to 2025.
Botanical Extracts are extracts are herbal-product ingredients that can be of different types. Herbal extract is the result of a solvent acting on plant material and dissolving some of its components. That solution, once separated from the insoluble plant materials, is the extract that can be left in liquid form, or the liquid removed to produce a solid extract.
1. Market Drivers
1.1 Growing awareness about the importance of plant-based products
1.2 Growing demand from the food & beverage industry
2. Market Restraints
2.1 Natural resource depletion
2.2 Availability of synthetic products
The global Botanical Extracts Market is segmented on the basis of form, source, application, and region.
1. Global Botanical Extracts Market, by Form:
2. Global Botanical Extracts Market, by Source:
2.4 Tea Leaves
3. Global Botanical Extracts Market, by Application:
3.3 Bakery & Confectionery
3.5 Carbonated soft drinks
3.6 Iced Teas
3.7 Alcoholic beverages
3.8 Flavored Dairy products
3.10 Cosmetic & personal care
4. Global Botanical Extracts Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Mb-Holding GmbH & Co. Kg
2. Kuber Impex Ltd.
3. Nutra Green Biotechnology Co., Ltd
4. BI Nutraceuticals
5. Döhler GmbH
6. Synthite Industries Ltd.
7. Kalsec Inc.
8. Haldin Natural
9. Synergy Flavors
10. Pt. Indesso Aroma
11. Prinova Group LLC.
12. Ransom Naturals Ltd
13. Blue Sky Botanics Ltd
14. Frutarom Industries Ltd.
15. Futureceuticals, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Botanical Extracts Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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