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Botanical Extracts Market

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Increasing awareness regarding the side effects of allopathic medicines together with the growing awareness about therapeutic effects and medicinal benefits of herbal products is driving the growth of global botanical extracts market.
Botanical Extracts Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025
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REPORT DESCRIPTION
Botanical Extracts Market Overview
Any drug or pesticide that is made or extracted from parts of plants is referred to as botanical extracts. Demand
for botanical extracts is registering steady growth, particularly in pharmaceutical and cosmetic sectors. Increasing
awareness regarding the side effects of allopathic medicines together with the growing awareness about
therapeutic effects and medicinal benefits of herbal products is driving the growth of global botanical extracts
market. The long shelf life of botanical extracts along with its sudden reaction has led to an increase in demand
for botanical extracts in the pharmaceutical industry. Functional food segment and self-medication are expected to
drive the global botanical extracts market during the forecast period. Use of botanical extracts for weight
management, anti-aging, joint & bone health, and digestion, among others, is identified to be a prominent trend in
the global market.
Spices are the largest source of botanical extracts and the segment accounts for the largest share in the global
botanical extracts market. It finds significant application in the food and beverage industry. The powder segment
is expected to account for a significant market share during the forecast period. Rising trend of exploring new
cuisines and growing demand for healthy food will propel the demand for botanical extracts in the food industry.
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REPORT DESCRIPTION
Market Taxonomy
On the basis of source, the global market is classified into:
➢
Spices
➢
Herbs
➢
Flowers
➢
Tea Leaves
On the basis of form, the global market is classified into:
➢
Liquid
➢
Powder
On the basis of application, the global market is classified into:
➢
Food
➢
Sauces
➢
Bakery & Confectionery
➢
Beverages
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REPORT DESCRIPTION
Market Outlook
North America is expected to be the most lucrative market for botanical extracts followed by Europe. Many
companies are inclining toward natural herb and botanical extracts products as they are witnessing high demand
from every segment of food and beverage industry. According to Canadian Foods and Drugs Act, functional food
products in North America are categorized under Generally Recognized as Safe (GRAS). Addition of natural,
healthy, and aromatic ingredients to tea is a key trend in the market, which, in turn, demands more botanical
extracts in this sector. Substantial demand for organic and fair trade ingredients are bolstering the growth of
global botanical extracts market. Also, high investments made in the food and beverage industry to develop new
aromas and flavors using spice and plant extracts is expected to fuel the market growth. Botanical extracts market
in Europe is driven by shifting consumer preference toward natural products and healthy lifestyle. In street and
convenience foods, chilly and pepper are most commonly used, which boost the use of botanical extracts in the
food industry.
Manufacturers of botanical extracts are introducing technologies related to extraction methods to expand their
portfolio. In April 2017, BOTANIEX, one of the key companies in botanical extracts market introduced a
patented cost-effective technology for extracting L-Theanine from green tea, which provides the beverage and
supplement industry with an affordable natural ingredient.
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