Botanical Extracts Market to Grow 9.1% CAGR by 2028
[Bengaluru, July] – Botanical extracts are defined as one of the organic extracts taken from the sources of plants includes flowers, herbs, leaves, spices and others. Various botanical extracts are used now-a-days in conventional medicines owing to their therapeutic properties in healing many diseases and also used in the natural cosmetics.
Botanical extracts were gaining popularity in the cosmetics and personal care industry due to their skin- and hair-enhancing properties. Consumers sought natural and organic products, fueling the demand for botanical extracts in skincare, haircare, and other cosmetic formulations. Moreover, traditional and herbal medicine markets were growing globally, leading to an increased demand for botanical extracts as key ingredients in natural remedies and herbal formulations.
Further, the demand for natural and plant-based ingredients in cosmetics and personal care products was increasing. Botanical extracts presented opportunities to create a wide range of natural beauty products, including skincare creams, hair care products, and organic cosmetics. Along with this, the growing popularity and legalization of cannabidiol (CBD) and hemp-based products presented significant opportunities for botanical extracts derived from cannabis plants. CBD extracts were increasingly used in various products, such as oils, tinctures, topicals, and edibles.
The Botanical Extracts Market research report titled as “Botanical Extracts Market by Source, Form, Application and Geography – Forecast up to 2028”
The top notch companies in the market include All Season Herbs Pvt. Ltd., Bell Flavors and Fragrances GmbH, BI Nutraceuticals, Bio Botanica Inc., and Botanical Extracts EPZ Ltd.
North America is commanding the botanical extracts market. This is because growth in the conscious among consumers about the benefits of consumption of food and beverages which include natural ingredients, without added flavors and synthetic ingredients. Along with the government initiatives to promote the botanical extracts in various applications are supporting the market growth in this region.
The report consists of – Tables 108 and charts 68 depicting the in-depth market study and the impact analysis of COVID-19 by Vendor name. View detailed TOC here.
Market Segmentation on the bases of Source:
- Spices
- Herbs
- Flowers
- Tea leaves
Market Segmentation on the bases of Form:
- Powder
- Liquid
Market Segmentation on the bases of Application:
- Food
- Bakery & confectionery
- Sauces and dressings
- Beverages
- Alcoholic beverages
- Carbonated soft drinks
- Ice tea
- Flavored dairy products
Market Segmentation on the bases of Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World
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