African Botanical Extract Market Size, Trends And Growth Opportunity By Type (Baobab, Aloe Vera,Hibskus, Rosemary, Honeybush, Vanilla, Rooibos), By Source (Spices, Herbs, Flowers, And Leaves), Application (Food And Beverages And Others), By Region And Forecast Till 2027.
African Botanical Extract Market
Market Overview
African botanical extract market was valued at USD 4110 Million in 2021 and is projected to grow at CAGR 5.93 % from 2021 which is expected to grow 6330 million by 2027.
African botanical extracts are plant extracts that are used in a variety of foods and drinks. African botanical extracts are well-liked because of their excellent nutritional and physiological benefits. These extracts—Baobab, Rosehip, Kola Nut, and Hoodia—have beneficial properties that boost a variety of bodily processes, including immune system and weight control. Due to its botanical richness and abundance of different healthy plants, the African continent is well-known around the world. The pharmaceutical, cosmetic, and nutraceutical industries all depend heavily on African plant extract.
Market Drivers
The expansion of the market for African botanical extracts is anticipated to be boosted by increased knowledge of the adverse effects of allopathic treatment. The market for botanical extracts in Africa is also anticipated to grow as the use of these extracts in the food and beverage industry rises. Due to their anti-inflammatory and antioxidant effects, these extracts are often employed in cosmetic goods. Furthermore, in the pharmaceutical business, these extracts are mostly employed in drugs for digestive health, joint health, stress alleviation, and other bodily functions. Additionally, during this anticipated period, the market for African botanical extracts is anticipated to develop due to the rise in demand for healthy and nutritional components in the food and beverage industry.
Market Restraints
The main obstacle to the expansion of the market for African botanical extracts, however, is the availability of substitutes and alternatives on the market. In addition, the expansion of the African botanical extract market would be impacted by strict government restrictions and policies.
Market Segmentation
African Botanical Extract market is segmented into type and application. By type it is segmented into baobab, aloe vera,hibskus, rosemary, honeybush, vanilla, rooibos. By source it segmented into spices, herbs, flowers, and leaves. By application it is segmented into food & beverages (bakery & confectionery, dairy products, soups & sauces, meat products, beverages, and others (dietary supplements, cosmetics, and pharmaceuticals).
Market Key Players
Various key players are discussed in this report such as BOTANICA NATURAL PRODUCTS, AfriNaturals, Lipoid Kosmetik AG, Prinova Group LLC, Zuplex, Carrubba INC, Afriplex, Botanical Extracts EPZ Ltd., Dohler, and Others.
Market Taxonomy
By Type
By Source
By Application
o Bakery & Confectionery
o Dairy Products
o Soups & Sauces
o Meat Products
o Beverages
o Others
By Region
Key Question Addressed by the Report
- 1. Executive Summary
- 1.1. Market Taxonomy
- 2. African Botanical Extract Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
- 3. Market Background
- 3.1. Forecast Factor
- 3.2. Market Dynamics
- 3.2.1. Drivers
- 3.2.2. Challenges
- 3.2.3. Trends
- 4. African Botanical Extract Market Snapshot
- 5. African Botanical Extract Market Analysis, By Type
- 5.1. Y-o-Y Growth Comparison, By Type
- 5.2. African Botanical Extract Market Share Analysis, By Type
- 5.3. African Botanical Extract Market Size and Forecast, By Type
- 5.3.1 Baobab
- 5.3.2 Aloe Vera
- 5.3.3 Hibskus
- 5.3.4 Rosemary
- 5.3.5 Honey Bush
- 5.3.6 Vanilla
- 5.3.7 Rooibos
- 5.3.8 Others
- 6. African Botanical Extract Market Analysis, By Source
- 6.1. Y-o-Y Growth Comparison, By Source
- 6.2. African Botanical Extract Market Share Analysis, By Source
- 6.3. African Botanical Extract Market Size and Forecast, By Source
- 6.3.1 Spices
- 6.3.2 Herbes
- 6.3.3 Flowers
- 6.3.4 Leaves
- 7. African Botanical Extract Market Analysis, By Application
- 7.1. Y-o-Y Growth Comparison, By Application
- 7.2. African Botanical Extract Market Share Analysis, By Application
- 7.3. African Botanical Extract Market Size and Forecast, By Application
- 7.3.1 Food & Beverages
- 7.3.1.2 Bakery & Confectionery
- 7.3.1.3 Dairy Products
- 7.3.1.4 Soups & Sauces
- 7.3.1.5 Meat Products
- 7.3.1.6 Beverages
- 7.3.1.7 Others
- 7.3.2 Dietary Supplements
- 7.3.3 Cosmetics
- 7.3.4 Pharmaceuticals
- 8. African Botanical Extract Market Analysis, By Region
- 8.1. Y-o-Y Growth Comparison, By Region
- 8.2. African Botanical Extract Market Share Analysis, By Region
- 9. North America African Botanical Extract Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America African Botanical Extract Market Analysis, By Type
- 9.3 North America African Botanical Extract Market Analysis, By Source
- 9.4 North America African Botanical Extract Market Analysis, By Application
- 9.5 North America African Botanical Extract Market Analysis, By Country
- 9.5.1USA
- 9.5.2 Canada
- 9.5.3 Mexico
- 10. Europe African Botanical Extract Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe African Botanical Extract Market Analysis, By Type
- 10.3 Europe African Botanical Extract Market Analysis, By Source
- 10.4 Europe African Botanical Extract Market Analysis, By Application
- 10.5 Europe African Botanical Extract Market Analysis, By Country
- 10.5.1Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11. Asia Pacific African Botanical Extract Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific African Botanical Extract Market Analysis, By Type
- 11.3 Asia Pacific African Botanical Extract Market Analysis, By Source
- 11.3 Asia Pacific African Botanical Extract Market Analysis, By Application
- 11.4 Asia Pacific African Botanical Extract Market Analysis, By Country
- 11.4.1China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 Rest of Asia Pacific
- 12. Latin America African Botanical Extract Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America African Botanical Extract Market Analysis, By Type
- 12.3 Latin America African Botanical Extract Market Analysis, By Source
- 12.4 Latin America African Botanical Extract Market Analysis, By Application
- 13. Middle East & Africa African Botanical Extract Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East & Africa African Botanical Extract Market Analysis, By Type
- 13.3 Middle East & Africa African Botanical Extract Market Analysis, By Source
- 13.4 Middle East & Africa African Botanical Extract Market Analysis, By Application
- 14. Competition Analysis
- 14.1 Competition Dashboard
- 14.2Market Share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15. Company Profiles
- 15.1 BOTANICA NATURAL PRODUCTS
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financial
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 AfriNaturals
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financial
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Lipoid Kosmetik AG
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financial
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Prinova Group LLC
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financial
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Zuplex
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financial
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Carrubba INC
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financial
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Afriplex
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financial
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Botanical Extracts EPZ Ltd
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financial
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Dohler
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financial
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Others
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