Global Botanical Extracts Market 2024-2028

Global Botanical Extracts Market 2024-2028

Technavio has been monitoring the botanical extracts market and is forecast to grow by USD 3241 mn during 2023-2028, accelerating at a CAGR of 9.45% during the forecast period. Our report on the botanical extracts market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by incidences of chronic diseases increase demand for non-traditional drug sources, growing awareness of benefits of natural cosmetics, and increasing demand for clean-label products.

Technavio's botanical extracts market is segmented as below:

By Application

• F and B
• Nutraceuticals
• Cosmetics

By Type

• Powder
• Liquid

By Geography

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the growing applications of botanical extracts in beverage industry as one of the prime reasons driving the botanical extracts market growth during the next few years. Also, growing adoption of aromatherapy for stress relief and growing focus on the development of drugs for new indications will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the botanical extracts market covers the following areas:

• Botanical extracts market sizing
• Botanical extracts market forecast
• Botanical extracts market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading botanical extracts market vendors that include All Season Herbs Pvt. Ltd., Arjuna Natural Pvt. Ltd., Bell Flavors and Fragrances GmbH, BI Nutraceuticals, Bio Botanica Inc., Botanical Extracts EPZ Ltd., Carrubba Inc., Dohler GmbH, Grupo Natac S.L.U., Indesso, International Flavors and Fragrances Inc., Jairamdass Khushiram, Kalsec Inc., Kerry Group Plc, MB Holding GmbH and Co. KG, NEXIRA, Prinova Group LLC, Ransom Naturals Ltd., Synergy Flavors Inc., and Synthite Industries Pvt. Ltd.. Also, the botanical extracts market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.