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Botanical Extracts Market

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Botanical Extracts Market report categorizes the global market by Source (Spices, Herbs, Flowers, Tea Leaves), Form (Liquid, Powder), Application (Food, Beverages, Pharmaceutical, Cosmetic & Personal Care) - Global Industry Insights, Trends, Outlook
Botanical Extracts Market, by Source, Form, and
Application - Global Industry Insights, Trends, 2018-2026
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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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.
Some of the key players in the global botanical extracts market are Frutarom,
Ransom Natural Ltd, PT. INDESSO AROMA, Blue Sky Botanics Ltd., Haldin,
Dohler, Nutra Green Biotechnology Co. Ltd., Jairamdass Khushiram Impex Pvt.
Ltd., Organic Herb Inc., Fytosan, FutureCeuticals, Nexira, Green Source
Organics, Acumen Lifesciences, Arjuna Natural Extracts Ltd., Prinova Group
LLC, Synergy Flavors, Kalsec Inc., and Synthite Industries Ltd.
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pallavi.reddy
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