This report provides exclusive insights into the COVID-19 impact on the Botanical Extract Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Botanical Extract Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Botanical Extract Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on botanical
extract market provides in-depth analysis of segments and sub-segments in the
global as well as regional botanical extract market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional botanical extract market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global botanical extract market. According to the report, the global botanical
extract market is projected to grow at a CAGR of 7.5% over the forecast period
A botanical ingredient is a component that is extracted from
plants herbs, roots, fruits, flowers, leaves or seeds. Specific ingredients
derived from biological sources are classified based on their chemical
structure and how they are isolated from plants. These botanical extracts can
be used in cosmetic or personal care products.
The growing demand for natural botanical ingredients in food and
beverages is one of the major factors driving the growth of the market. Plant
extract are been significantly used in the food and beverage industry as it can
be used to enhance the flavor and test of the food and drinks. Furthermore, the
growing cosmetic and organic food industry are also contributing to the growth
of the market. The use of plant extracts in cosmetic products has increased
with a significant rate owing to the restriction on the use of the harmful
chemical ingredient. On the other hand availability of various substitutes in
the market can hamper the growth of the market in the near future. However,
growing awareness about the beneficial use of the biological ingredient in the
food and cosmetic industry will provide better opportunities for the market in
the forecast period.
Based on the region, the botanical extract market is segmented
into North America, Europe, Asia-Pacific, and RoW. Asia-Pacific region
dominates the market and anticipated to keep its dominance over the forecast
period. The market growth in this region is attributed to growth in the use of
personal care products, growth in the food and beverage industry. Furthermore, the
market in North America and Europe is expected to grow with the healthy rate in
the forecast period, growing demand for organic food, cosmaceuticals and
stringent regulations for the use of harmful chemicals in skincare products
likely to boost the botanical extract market growth in this area.
The report on global botanical extract market covers segments such
as source, form, and application. On the basis of source, the sub-markets
include spices, fruits, herbs, flowers, and tea leaves. On the basis of form,
the sub-markets include liquid, powder, and other forms. On the basis of
application, the sub-markets include cosmetics, food and beverages,
pharmaceuticals, alcoholic beverages, and other application.
The report provides profiles of the companies in the market such
as Tokiwa Phytochemical Co., Ltd., Synthite Industries Private Ltd., Döhler,
Arjuna Natural Extracts Ltd., Martin Bauer GmbH & Co. KG, Givaudan, Blue
Sky Botanics Ltd., Ransom Naturals Ltd., Frutarom Industries Ltd., Prinova
Group LLC., and other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of botanical
extract market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.