PUBLISHER: TechNavio | PRODUCT CODE: 1524832
PUBLISHER: TechNavio | PRODUCT CODE: 1524832
The botanicals market is forecasted to grow by USD 7852.7 mn during 2023-2028, accelerating at a CAGR of 15.22% during the forecast period. The report on the botanicals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for food and beverages with botanical ingredients, consumer awareness about side effects of synthetic ingredients, and immunity boosting properties of herbal medicines.
Technavio's botanicals market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 11.97% |
CAGR | 15.22% |
Incremental Value | $7852.7mn |
By Source
By Geographical Landscape
This study identifies the growing demand for organic herbal cosmetics as one of the prime reasons driving the botanicals market growth during the next few years. Also, increasing use of herbs and spices in north america and rise in online retailing of botanicals will lead to sizable demand in the market.
The report on the botanicals market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading botanicals market vendors that include AmbePhytoextracts Pvt. Ltd., Bell Flavors and Fragrances GmbH, Berje Inc., BI Nutraceuticals, Blue Sky Botanics Ltd., Dohler GmbH, Indesso, International Flavors and Fragrances Inc., Kalsec Inc., Kuber Impex Ltd., Lipoid Kosmetic AG, Nutra Green Biotechnology Co. Ltd., Prakruti Products Pvt. Ltd., Prinova Group LLC, Ransom Naturals Ltd., Rutland Biodynamics Ltd., Synergy Flavors Inc., Synthite Industries Pvt. Ltd., The Herbarie at Stoney Hill Farm Inc., and Umalaxmi Organics Pvt. Ltd.. Also, the botanicals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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