Botanical Extracts Market: Global Industry Analysis and Forecast 2022 – 2028
The global market for botanical extracts was estimated at USD 5.56 billion in 2021, and is projected to reach USD 10.16 billion by 2028, growing at a CAGR of 9% over the analysis period.
Botanical Extracts Market Their usage and importance is growing because a greater number of industries use Botanical Extracts in their food and beverage products. While the Botanical Extracts Market does indeed have a bright future, it has some short-term obstacles to overcome. These include changing market prices of botanical extracts and the fact that the number of plants to extract oils from is limited in the natural environment.
IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
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The Major Players In The Botanical Extracts Market Include:
- Frutarom Ltd. (Israel)
- Kalsec Inc (U.S.)
- Döhler GmbH (Germany)
- Nexira (France)
- Haldin Natural (Indonesia)
- Synergy Flavors (U.S.)
- Bell Flavors & Fragrances (U.S.)
- Nutra Green Biotechnology Co.Ltd. (China)
- Blue Sky Botanics (U.K.)
- Fytosan (France)
Market has segmented the global Botanical Extracts market on the basis of type, application, and region:
The Botanical Extracts market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
By Type:
- Powder
- Liquid
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By Application:
- Beverage
- Personal care
- Pharmaceutical
- Nutraceuticals
By Regional Outlook (Revenue, USD Billion, 2017 – 2028)
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases sales@introspectivemarketresearch.com and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Botanical Extracts Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Report covered the major key points:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 7years, along with 5 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
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