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 of 2019-2025.
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 by growth in the use of personal care product, growth in 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 of 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.
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