Data
Bridge Market Research has recently added a concise research on Global Botanical Extracts Market to
depict valuable insights related to significant market trends driving the
industry. The report features analysis based on key opportunities and
challenges confronted by market leaders while highlighting their competitive
setting and corporate strategies for the estimated timeline. Some are the key
& emerging players that are part of coverage and have being profiled are 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, and many more.
Definition:
Any drug or pesticide that is made or extracted from parts
of plants is referred to as botanical extracts there is a growing demand for
global botanical in pharmaceutical and cosmetic sectors, which is expected to
be one of the major drivers of the market over the next coming years. According
to a journal published by European Society of Biochemical Engineering Services,
the global market for botanicals market registered a value of USD 108.0 billion
in 2015. The functional food & supplements segment is expected to register
a market share of 35.0% and cosmetics segment is registering market share of
17.0%. The use of botanical extracts is increasing in cosmetic application and
is mainly referred as “active” extracts. Germany, France and Italy are the
major countries in European botanical extract market. According to COMTRADE
database, France imported approximately 8,000 tons of extracts in 2014. The
regulations in the supplement market such as Health Claim Regulation by EFSA
has resulted in reduced innovations in the botanical extract products in
European region.
Analysis of Global Botanical Extracts
Market report:
The Global Botanical Extracts Market accounted for USD 3.92 Billion in 2017 and is projected to grow at a CAGR of 9.1%
during the forecast period of 2018 to 2025. The upcoming market report contains
data for historic years 2015, 2016, the base year of calculation is 2017 and
the forecast period is 2018 to 2025.
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Major Market Drivers:
·
Increasing awareness regarding the side effects of allopathic
medicines has caused awareness about therapeutic effects and medicinal benefits
of herbal products.
·
They have a long shell life.
·
Rising awareness and health concerns among consumers.
Market Restraint:
·
Availability of various substitutes in the market
·
Stringent regulations
Top Manufacturers Profiles Operating
in the Global Botanical Extracts Market:
Some
of the major players in Global Botanical Extracts Market are Organic Herb Inc., Plant Extracts
International Inc, Lehmann & Voss & Co., MB-Holding GmbH & Co.KG,
Kalsec Inc, Alkaloids Corporation, Nantong Sihai Plant Extracts Co., Ltd,
Prinova Group, K Patel Group and Indena USA Inc. Frutarom Ransom Natural Ltd,
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, and many more.
Global Botanical Extracts Market
Segmentation:
·
On the basis of source, the market is segmented
into spices, herbs, tea leaves, flowers.
·
On the basis of application, the market is
segmented into functional food & supplements, food supplements,
pharmaceutical, cosmetic & personal care, beverages and others.
·
On the basis of form, the market is segmented
into liquid and powder.
·
On the basis of technology, the global botanical
extracts market is segmented into water extraction, drying, cold pressing,
steam distillation, enfleurage, supercritical co2 extraction, low-boiling
solvent extraction.
·
On the basis of geography, the Global Botanical
Extracts Market report covers data points for 28 countries across multiple
geographies such as North America, South America, Europe, Asia-Pacific and
Middle East & Africa.
Competitive Landscape:
The Global Botanical
Extracts Market is fragmented with the presence of a large number of
players across different regions. These major players have adopted various
organic as well as inorganic growth strategies such as mergers &
acquisitions, new product launches, expansions, agreements, joint ventures,
partnerships, and others to strengthen their position in this market.
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growth rates during the forecast period
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that are employed by the major market players
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