Report Description:-
The recent market intelligence report,
published by Data Insights Partner on the botanical extract market makes an
offering of in-depth analysis of and sub-segments in both the regional and
international market. The research also emphasizes on the impact of drivers,
restraints and macro indicators on the regional and global botanical extract market
over the short as well as long period of time. The report also includes the
benefits and market opportunities presented in this field. Beside this, a
detailed presentation of forecast, trends, and dollar values of the global
market is offered too. In accordance with the report, the botanical extract market
is projected to expand at a CAGR of 12.13% over the period of forecast period
of 2020-2028.
Market Insights, Drivers, Restraints and
Opportunities:-
Botanical extracts are used as
ingredients in the food & beverage industry to modify flavour, aroma, or
nutritive quality. Botanical extracts also impart properties such as enhanced
flavour and extended shelf life and also reduce microbial spoilage. Botanical
extracts are also used in various skin care related products and cosmetics.
They are extracted from the tissue, leaves, flowers, fruits or barks of a
plant, usually by treating with a solvent such as alcohol or water.
The growth in demand for
convenience foods is projected to be one of the major drivers of botanical
extracts such as spice extracts during the forecast period. The said market is
greatly influenced by the changes in consumption patterns of consumers who are
seeking natural flavours in their food instead of synthetic ingredients due to
the rising health awareness. The growing trend toward clean label products,
which are slowly becoming mandatory across the globe, is also driving the
market growth for botanical extracts and in turn compelling food manufacturers
to develop new formulations and products to cater to the rising consumer demand
for healthier food products. The increasing application of various botanical
extracts such as spice & herb extracts, in combination with other
ingredients, in various food products to enhance the flavour, is another factor
expected to drive the botanical extracts market growth across the globe. The
raising awareness over healthy skin and increasing demand for herbal cosmetics
is also playing a key role in the rapid growth of the said market. Another
reason driving the growth of botanical market is the use of botanical extracts
in medicines and other dietary supplements.
The botanical
extract market has a huge potential. Though it is expanding very fast day by
day, many things are preventing it from using its full potential. Some of these
restraints are–
? Availability of substitute products (synthetic flavours) in
lower costs.
? Scarce
sources of botanical extracts.
? Hard,
time-consuming production procedures.
? High
cost of the said product.
? Lack of
awareness about the availability and benefits of the botanical extracts and
related products in developing countries.
During the forecast period, Asia Pacific is expected to be
the fastest-growing botanical extracts market. The demand for botanical
extracts in Asia-Pacific is driven by changing customer preference towards
natural products and growing concerns about healthier lifestyles. The rapid
economic growth of the said region is expected to fuel high demand for these
ingredients, especially in China, India and the Southeast Asian countries. It
is also believed that by product, phytomedicines will have the largest share in
the forecast period. Pharmaceutical ( by application) usage of the product is
also expected to rise significantly in the said time and market of botanical
extracts out of leaves will face the fastest growth among all other sources.
Segmentation of Botanical Extract Market:-
This market intelligence report on the
botanical extract market is segmented based on product
type, product form, application, source, distribution channel and the
country/regions.
By Product Type, the botanical extract
market is divided into–
§ Spices
§ Essential Oils
§ Flavours and Fragrances
§ Phytomedicines
§ Others
By Product Form, the botanical extract
market is segregated into–
§ Powder
§ Liquid
By Application,
the botanical extract market is divided into–
§ Pharmaceuticals and Dietary
Supplements
§ Foods and Beverages
§ Cosmetics
§ Others
By Source,
the botanical extract market is segregated into–
§ Leaves
§ Fruits, Flowers and Bulbs
§ Rhizomes and Roots
§ Barks and Stems
§ Other
By
Distribution Channel, the botanical extract market is segmented into–
§ Hypermarkets and Supermarkets
§ Online
§ Others
By Regional Outlook, the botanical
extract market is divided into–
§ North America (United States,
Canada)
§ Latin America (Brazil, Mexico, Argentina
and other countries)
§ Europe (United Kingdom, France,
Germany, Spain, Italy, Russia, Turkey, Netherlands and other countries)
§ Asia Pacific (Japan, China, India,
South Korea, Singapore, Indonesia, Thailand, Malaysia, Australia, New Zealand
and other countries)
§ Middle East and Africa (GCC,
South Africa, Israel, Arabia, Egypt and other countries)
Profiling of Market Players:-
This business intelligence report
offers profiling of reputed companies that are operating in the market.
Companies such as
§ Blue Sky Botanics Ltd
§ Synergy Flavors
§ Kuber Impex Ltd
§ Indesso
§ Haldin
§ Dohler GmbH
§ BI Nutraceuticals
§ Kalsec Inc
§ Fytosan
§ Nexira
§ Acumen Life Sciences
§ Organic Herb Inc.
§ Green Source Organics
§ Inovia International
§ Futureceuticals
Other players have been profiled into
detail so as to offer a glimpse of the market leaders. Moreover, parameters
such botanical extract market related investment and
spending and developments by major players of the market are tracked in this
global report.
Market Competitive Analysis:-
Key
players are adopting strategies such as investing in R&D, new product
launches, expansion in distribution channels to stand out as strong competitors
in the market. Botanical extract market is
a competitive market with the presence of various global and regional players
in the market. The major players like Blue Sky Botanics Ltd., Indesso, Synergy Flavors, Fytosan,
Kuber Impex Ltd., Haldin, Kalsec Inc., Dohler GmbH, BI Nutraceuticals, Nexira etc. are
trying to gain the market power in their hands by producing the products in low
costs and thus charging low prices and using different kind of marketing
campaigns.
Report Highlights:-
An in-depth analysis of the micro and
macro indicators, market trends, and forecasts of demand is offered by this
business intelligence report. Furthermore, the report offers a vivid picture of
the factors that are steering and restraining the growth of this market across
all geographical segments. In addition to that, Growth Matrix analysis is also
provided in the report so as to share insight of the investment areas that new
or existing market players can take into consideration. Various analytical
tools such as market data analysis, time series and cross section statistical
data analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2020-2028. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market share
of the global players.
Salient Features:-
·
This study offers comprehensive yet detailed
analysis of botanical extract market, size of the market
(US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year.
·
It explains upcoming revenue
opportunities across various market segments and attractive matrix of
investment proposition for the said market.
·
This market intelligence
report on botanical extract market also offers pivotal insights about various
market opportunities, restraints, drivers, launch of new products, competitive
market strategies of leading market players, emerging market trends, and
regional outlook.
· Profiling of key market
players in the market of botanical extract is done by taking into account
various parameters such as company strategies, distribution strategies, product
portfolio, financial performance, key developments, geographical presence, and
company overview.
· The data of this report would
allow management authorities and marketers of botanical extract companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation.
· The research on the world
market for botanical extract market caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for the market. The research also caters to the rising needs of
consulting and research firms, financial analysts, and new market entrants.
·
Research methodologies that
have been adopted for the purpose of this study have been clearly elaborated so
as to facilitate better understanding of the reports.
·
Reports have been made based
on the guidelines as mandated by General Data Protection Regulation.
·
Ample number of examples and
case studies has been taken into consideration before coming to a conclusion.
Reasons to Buy:-
·
Identify new growth
opportunities with a deep understanding of strategic business plans and thus
design innovative strategies for sustainable growth.
·
Comprehensive details on micro
and macro factors that will drive or restrain the growth of market players.
·
Analyse and map the behaviours
of the competitors to gain maximum benefits.
·
Deep Sector-Specific
Intelligence.
·
Identify investors who can
invest in your company or identify the companies to invest in by analysing
market opportunities, gains and losses.
·
Identify and attract potential
customers by analysing consumer behaviour for every region.
·
Highlights of the competitive
landscape.