PUBLISHER: Value Market Research | PRODUCT CODE: 1542467
PUBLISHER: Value Market Research | PRODUCT CODE: 1542467
The global demand for Botanical Extracts Market is presumed to reach the market size of nearly USD 14.79 Billion by 2032 from USD 7.64 Billion in 2023 with a CAGR of 7.62% under the study period 2024-2032.
Botanical extract refers to the process of extraction that aims to extract certain components present in plants. These plant-based products are used for medicinal and healing properties, flavor, and fragrance. Botanical products consist of whole, cut plants, and other plant parts such as stem, leaves, and roots. They are extracted from many methods such as pressing, squeezing, extraction, fractionation, distillation, concentration, drying up, and fermentation. Botanical extract products are also known with other names that include herbal medicines, dietary herbal supplements, phytomedicines, and phytotherapeutic agents.
The market is predominantly driven by the rising demand for botanical extracts products in the cosmetic and pharmaceutical industries. These products are used in a cosmetic application such as derma protection & regeneration, soothing & anti-inflammation, moisturizing, brightening & lightening, hair care, aging, etc. In addition to this, in the pharmaceutical sector, these extracts are utilized in different therapies to cure, treat, or prevent diseases. Apart from this, a rising number of chronic and lifestyle diseases and growing the phenomenon of side effects. Botanical drugs can be used as an alternative to allopathic medicines. Therefore, the rising awareness regarding allopathy medicines' side effects is another driving factor for the market. However, the availability of substitutes and limited availability and unstable raw material prices of botanical extracts are hampering the growth of the global market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Botanical Extracts. The growth and trends of Botanical Extracts industry provide a holistic approach to this study.
This section of the Botanical Extracts market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Botanical Extracts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Botanical Extracts market include Lipoid-Kosmetik, Nektium, Ambe NS Agro Products Pvt. Ltd., Berkem, Blue Sky Botanics Ltd., Synergy Flavors, Ransom Naturals Ltd., Kalsec Inc., Synthite Industries Ltd., Dohler GmbH, Nutra Green Biotechnology Co. Ltd., Kuber Impex Ltd., (C) Mb-Holding GmbH & Co. Kg, Bell Flavors & Fragrances, Martin Bauer Group, International Flavors & Fragrances Inc., Botanica, Native Extracts. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.