Botanical Extracts Market
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Botanical Extracts Market Overview
The report is titled as ‘Botanical Extracts Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the botanical extracts market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The botanical extracts market is expected to grow at a significant rate in the near future.
In 2021, the U.S. botanical extracts market was valued at US$ 1,288.7 Mn and is estimated to reach at a value of US$ 1,470.5 Mn by the end of 2022, with a growth rate of 6.6%
Botanical Extracts Introduction
Botany refers to another domain of biology that copes with the analysis of plants, comprising their composition, attributes, and biochemical procedures. It further involves plant categorization and the scrutiny of plant illness and of synergies with the environment. Similarly, botanical extracts can be comprehended as the plant-based products that are used for its remedial or medicinal properties, scent, and/or flavor. The plant-based extracts are basically derived from the plants, precisely from its barks, roots, leaves, stems, flowers and fruits. As a matter of fact, these botanical extracts are serving great utility in the pharmaceutical as well as cosmetic industry in recent times, owing to their therapeutic properties.
Botanical Extracts Market Dynamics
The expeditiously growing demand of botanical extracts in the cosmetics as well as pharmaceutical industries all across the world is one of the major factors that is projected to boost the growth of the global botanical extracts market in the years to come. By the same token, the beneficial attributes of the botanical extracts including medicinal properties and therapeutic oils, scents, or flavors which are proven to be safe and effective for the well-being of humans, further propels its demand across the global markets. Owing to which, the global botanical extracts market is expected to rise substantially over the forecast period. In addition to that, the dramatic shift of population, worldwide, towards natural products as more and more consumers are getting aware of the benefits of plant-based products and resultantly, pursuing effective and safe adulterants as cosmetics or medicinal products for their comfort and wellness, is also acting as a positive factor for the growth of the global botanical extracts market over the forecast period.
Increasing prevalence of chronic and lifestyle diseases has resulted in using novel approaches and solutions to tackle various medical conditions and reduce the impact of side effects on the body. Botanical extracts can be used to develop drugs as an alternative to allopathic medicines. Sinecatechins, the first botanical drug approved by the US FDA, is an extract from the leaves of Camellia sinensis. Growing demand for such natural drugs with associated health benefits has resulted in the demand for such products.
Botanical Extracts Market Segmentation
The global botanical extracts market is segmented on the basis of source, application, form and region. The source segment of the botanical extracts market is divided into spices, herbs, flowers, roots, fruits, leaves and seeds. On the basis of application, the market is segmented into the food and beverages industry and cosmetics industry. Then, the food and beverage industry is further divided into bakery & confectionery and sauces & dressings, alcoholic beverages, carbonated soft drinks, ice tea, and flavored dairy products. The cosmetics industry is further segmented into skin rejuvenation and regeneration products, age defying products and others. Lastly, on the basis of form, the market is bifurcated into liquid, powder, and semi-solid.
In 2021, the beverages application segment is accounted to hold the largest market share and expected to maintain its dominance throughout the forecasted period followed by pharmaceutical and nutraceutical application segment.
Botanical Extracts Market Key Players
The key participating players of the global botanical extracts market include Frutarom Ltd., Kalsec Inc, and Döhler GmbH, Nexira, Haldin Natural, Synthite Industries, MB-Holding GmbH & Co. KG, Synergy Flavors, and Blue Sky Botanics, Fytosan, BI Nutraceuticals., among others.
Various botanical extract companies are targeting on partnering with other companies so as to sell, market and develop new products in the market. For example, in February 2021, Quadra Ingredients partnered with Nexira Inc. to expand its product offerings. Other companies are venturing into entering the US market to develop and sell its products in the US. In February 2021, Nor-feed, a France botanical producer partnered with a US animal health company to sell its products in the US.
In March 2020, Evolva entered a new collaboration agreement with International Flavors and for the development and expansion of commercialization of vanillin to strengthen their position in the global market
In March 2021, Kalsec launched DuraShield Antimicrobial Natural Food Protection Blends, which is a blend of antimicrobials to naturally protect food. This unique product line harnesses the enhanced synergies of natural antioxidants combined with natural antimicrobials to improve both shelf life and food safety in a variety of applications, including meat and poultry, deli salads, dips, sauces and dressings to enhance their product porfolio
R&I Overview on Botanical Extracts Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the botanical extracts market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of botanical extracts
Advantage of botanical extracts
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market
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1. Global Botanical Extracts Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Botanical Extracts Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Botanical Extracts Market Snapshot
2.4. Global Botanical Extracts Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Botanical Extracts Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Botanical Extracts Assessment and Analysis
3.1. Botanical Extracts Impact Analysis
3.2. Actions to encourage use of Cyber Security
3.3. Botanical Extracts Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Covid-19 Impact on Botanical Extracts Market
4.1. Impact Analysis of Covid-19 on the global Botanical Extracts market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation in Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Botanical Extracts Market, By Source
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Source
5.1.2. BPS Analysis, By Source
5.2. Market Revenue (US$Mn) and Forecast, By Source
5.2.1. Spices
5.2.2. Herbs
5.2.3. Flowers
5.2.4. Roots
5.2.5. Fruits
5.2.6. Leaves
5.2.7. Seeds
5.3. Global Botanical Extracts Market Attractiveness Index, By Source
6. Global Botanical Extracts Market, By Application
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Application
6.1.2. BPS Analysis, By Application
6.2. Market Revenue (US$Mn) and Forecast, By Application
6.2.1. Food & Beverages Industry
6.2.1.1. Bakery & confectionery
6.2.1.2. Sauces & dressings
6.2.1.3. Alcoholic beverages
6.2.1.4. Carbonated soft drinks
6.2.1.5. Ice tea
6.2.1.6. Flavored dairy products
6.2.2. Cosmetics Industry
6.2.2.1. Skin rejuvenation and regeneration products
6.2.2.2. Age defying products
6.2.2.3. Others
6.3. Global Botanical Extracts Market Attractiveness Index, By Application
7. Global Botanical Extracts Market, By Form
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Form
7.1.2. BPS Analysis, By Form
7.2. Market Revenue (US$Mn) and Forecast, By Form
7.2.1. Liquid
7.2.2. Powder
7.2.3. Semi-solid
7.3. Global Botanical Extracts Market Attractiveness Index, By Form
8. Global Botanical Extracts Market, By Region
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Region
8.1.2. BPS Analysis, By Region
8.2. Market Revenue (US$Mn) and Forecast, By Region
8.2.1. North America
8.2.2. Latin America
8.2.3. Europe
8.2.4. Asia Pacific
8.2.5. Middle East
8.2.6. Africa
8.3. Global Botanical Extracts Market Attractiveness Index, By Region
9. North America Botanical Extracts Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) and Forecast, By Country
9.2.1. U.S. Botanical Extracts Market
9.2.2. Canada Botanical Extracts Market
9.3. North America Botanical Extracts Market, By Source
9.3.1. Spices
9.3.2. Herbs
9.3.3. Flowers
9.3.4. Roots
9.3.5. Fruits
9.3.6. Leaves
9.3.7. Seeds
9.4. North America Botanical Extracts Market, By Application
9.4.1. Food & Beverages Industry
9.4.1.1. Bakery & confectionery
9.4.1.2. Sauces & dressings
9.4.1.3. Alcoholic beverages
9.4.1.4. Carbonated soft drinks
9.4.1.5. Ice tea
9.4.1.6. Flavored dairy products
9.4.2. Cosmetics Industry
9.4.2.1. Skin rejuvenation and regeneration products
9.4.2.2. Age defying products
9.4.2.3. Others
9.5. North America Botanical Extracts Market, By Form
9.5.1. Liquid
9.5.2. Powder
9.5.3. Semi-solid
9.6. North America Botanical Extracts Market Attractiveness Index
9.6.1. By Country
9.6.2. By Source
9.6.3. By Application
9.6.4. By Form
10. Latin America Botanical Extracts Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. Brazil Botanical Extracts Market
10.2.2. Mexico Botanical Extracts Market
10.2.3. Rest Of Latin America Botanical Extracts Market
10.3. Latin America Botanical Extracts Market, By Source
10.3.1. Spices
10.3.2. Herbs
10.3.3. Flowers
10.3.4. Roots
10.3.5. Fruits
10.3.6. Leaves
10.3.7. Seeds
10.4. Latin America Botanical Extracts Market, By Application
10.4.1. Food & Beverages Industry
10.4.1.1. Bakery & confectionery
10.4.1.2. Sauces & dressings
10.4.1.3. Alcoholic beverages
10.4.1.4. Carbonated soft drinks
10.4.1.5. Ice tea
10.4.1.6. Flavored dairy products
10.4.2. Cosmetics Industry
10.4.2.1. Skin rejuvenation and regeneration products
10.4.2.2. Age defying products
10.4.2.3. Others
10.5. Latin America Botanical Extracts Market, By Form
10.5.1. Liquid
10.5.2. Powder
10.5.3. Semi-solid
10.6. Latin America Botanical Extracts Market Attractiveness Index
10.6.1. By Country
10.6.2. By Source
10.6.3. By Application
10.6.4. By Form
11. Europe Botanical Extracts Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. U.K. Botanical Extracts Market
11.2.2. Germany Botanical Extracts Market
11.2.3. Italy Botanical Extracts Market
11.2.4. France Botanical Extracts Market
11.2.5. Spain Botanical Extracts Market
11.2.6. Russia Botanical Extracts Market
11.2.7. Rest Of Europe Botanical Extracts Market
11.3. Europe Botanical Extracts Market, By Source
11.3.1. Spices
11.3.2. Herbs
11.3.3. Flowers
11.3.4. Roots
11.3.5. Fruits
11.3.6. Leaves
11.3.7. Seeds
11.4. Europe Botanical Extracts Market, By Application
11.4.1. Food & Beverages Industry
11.4.1.1. Bakery & confectionery
11.4.1.2. Sauces & dressings
11.4.1.3. Alcoholic beverages
11.4.1.4. Carbonated soft drinks
11.4.1.5. Ice tea
11.4.1.6. Flavored dairy products
11.4.2. Cosmetics Industry
11.4.2.1. Skin rejuvenation and regeneration products
11.4.2.2. Age defying products
11.4.2.3. Others
11.5. Europe Botanical Extracts Market, By Form
11.5.1. Liquid
11.5.2. Powder
11.5.3. Semi-solid
11.6. Europe Botanical Extracts Market Attractiveness Index
11.6.1. By Country
11.6.2. By Source
11.6.3. By Application
11.6.4. By Form
12. Asia Pacific Botanical Extracts Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. China Botanical Extracts Market
12.2.2. India Botanical Extracts Market
12.2.3. Japan Botanical Extracts Market
12.2.4. Australia and New Zealand Botanical Extracts Market
12.2.5. South Korea Botanical Extracts Market
12.2.6. Rest of Asia Pacific Botanical Extracts Market
12.3. Asia Pacific Botanical Extracts Market, By Source
12.3.1. Spices
12.3.2. Herbs
12.3.3. Flowers
12.3.4. Roots
12.3.5. Fruits
12.3.6. Leaves
12.3.7. Seeds
12.4. Asia Pacific Botanical Extracts Market, By Application
12.4.1. Food & Beverages Industry
12.4.1.1. Bakery & confectionery
12.4.1.2. Sauces & dressings
12.4.1.3. Alcoholic beverages
12.4.1.4. Carbonated soft drinks
12.4.1.5. Ice tea
12.4.1.6. Flavored dairy products
12.4.2. Cosmetics Industry
12.4.2.1. Skin rejuvenation and regeneration products
12.4.2.2. Age defying products
12.4.2.3. Others
12.5. Asia Pacific Botanical Extracts Market, By Form
12.5.1. Liquid
12.5.2. Powder
12.5.3. Semi-solid
12.6. Asia Pacific Botanical Extracts Market Attractiveness Index
12.6.1. By Country
12.6.2. By Source
12.6.3. By Application
12.6.4. By Form
13. Middle East Botanical Extracts Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. GCC Countries Botanical Extracts Market
13.2.2. Israel Botanical Extracts Market
13.2.3. Rest Of Middle East Botanical Extracts Market
13.3. Middle East Botanical Extracts Market, By Source
13.3.1. Spices
13.3.2. Herbs
13.3.3. Flowers
13.3.4. Roots
13.3.5. Fruits
13.3.6. Leaves
13.3.7. Seeds
13.4. Middle East Botanical Extracts Market, By Application
13.4.1. Food & Beverages Industry
13.4.1.1. Bakery & confectionery
13.4.1.2. Sauces & dressings
13.4.1.3. Alcoholic beverages
13.4.1.4. Carbonated soft drinks
13.4.1.5. Ice tea
13.4.1.6. Flavored dairy products
13.4.2. Cosmetics Industry
13.4.2.1. Skin rejuvenation and regeneration products
13.4.2.2. Age defying products
13.4.2.3. Others
13.5. Middle East ca Botanical Extracts Market, By Form
13.5.1. Liquid
13.5.2. Powder
13.5.3. Semi-solid
13.6. Middle East Botanical Extracts Market Attractiveness Index
13.6.1. By Country
13.6.2. By Source
13.6.3. By Application
13.6.4. By Form
14. Africa Botanical Extracts Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. South Africa Countries Botanical Extracts Market
14.2.2. Egypt Botanical Extracts Market
14.2.3. North Africa Botanical Extracts Market
14.2.4. Rest of Africa Botanical Extracts Market
14.3. Africa Botanical Extracts Market, By Source
14.3.1. Spices
14.3.2. Herbs
14.3.3. Flowers
14.3.4. Roots
14.3.5. Fruits
14.3.6. Leaves
14.3.7. Seeds
14.4. Africa Botanical Extracts Market, By Application
14.4.1. Food & Beverages Industry
14.4.1.1. Bakery & confectionery
14.4.1.2. Sauces & dressings
14.4.1.3. Alcoholic beverages
14.4.1.4. Carbonated soft drinks
14.4.1.5. Ice tea
14.4.1.6. Flavored dairy products
14.4.2. Cosmetics Industry
14.4.2.1. Skin rejuvenation and regeneration products
14.4.2.2. Age defying products
14.4.2.3. Others
14.5. Africa Botanical Extracts Market, By Form
14.5.1. Liquid
14.5.2. Powder
14.5.3. Semi-solid
14.6. Africa Botanical Extracts Market Attractiveness Index
14.6.1. By Country
14.6.2. By Source
14.6.3. By Application
14.6.4. By Form
15. Competitive Landscape
15.1. Company Profiles
15.1.1. Frutarom Ltd.
15.1.1.1. Company Overview
15.1.1.2. Financial Overview
15.1.1.3. Key Developments
15.1.1.4. Strategies
15.1.1.5. Product Analysis
15.1.2. Kalsec Inc
15.1.3. Döhler GmbH
15.1.4. Nexira
15.1.5. Haldin Natural
15.1.6. Synthite Industries
15.1.7. MB-Holding GmbH & Co.
15.1.8. Synergy Flavors
15.1.9. Blue Sky Botanics
15.1.10. Fytosan
15.1.11. BI Nutraceuticals
16. Acronyms
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Frequently Asked Questions
The global botanical extracts market was valued at US$ 4.5 Bn in 2020 and expected to reach at a value of US$ 8.8 Bn by 2028 with a significant CAGR of 8.8%
The expeditiously growing demand of botanical extracts in the cosmetics as well as pharmaceutical industries all across the world is one of the major factors that is projected to boost the growth of the global botanical extracts market
The global botanical extracts market is segmented on the basis of source, application, form and region.
The key participating players of the global botanical extracts market include Frutarom Ltd., Kalsec Inc, and Döhler GmbH, Nexira, Haldin Natural, Synthite Industries, MB-Holding GmbH & Co. KG, Synergy Flavors, Blue Sky Botanics, Fytosan, BI Nutraceuticals, and among others.