Worldwide Botanical Extracts Market Projected to Grow at CAGR of 8.7% by Forecast to 2023

Botanical Extracts Market Information: by Source (Herbs, Fruits, Flowers, Leaves and Spices), Form (Powder, Liquid), Application (Food, Beverages, FMCG Non-Foods and Cosmetics, Pharmaceuticals, Nutraceuticals and Animal Feed) and Region– forecast till 2023

pune, India - April 17, 2018 /MarketersMedia/ —

Market Overview:
Botanical extracts are natural extracts which are prepared from the plant source which primarily includes herbs, fruits, flowers, leaves, spices and others. Botanical extracts are rich in essential oils and other natural ingredients such as phenols, terpenoids, resins and others which are used in preparation of food, beverages, medicines, nutraceuticals and other food products owing to its therapeutic property. For example, green tea leaves are used for beverage and medicinal purpose owing to their high polyphenolic content along with properties like antioxidant, anti-carcinogenic, and anti-inflammation. Commonly available botanical extracts are in the form of powder, liquids, and others.

Botanical Extracts Market is projected to grow at a CAGR of 8.7% over the forecast period. Increasing demand for botanical extracts and green label ingredients in food & beverages, functional food, pharmaceuticals and animal feed has surged the growth of the botanical extracts market in this region. These extracts are rich in essential oils and other natural ingredients such as phenols, terpenoids, resins and others which holds a good therapeutic property. They are non- toxic and have negligible side effects. They are available in form of powder, liquid, and others.

Europe is anticipated to show a significant growth in the botanical extracts market over the forecast period 2017-2023. The U.K and France are leading this market and are expected to be dominating players over the review period. Also, Europe accounts for a higher consumption of chilly and pepper as a key ingredient in food preparation which is considered to be the key driving factor in this region.

Furthermore, consumer shift towards natural and green label products is boosting the demand for botanical extracts in European market. However, the limited availability of herbs, spices and other natural products is likely to hamper the market growth of botanical extracts market.

European botanical extracts market is anticipated to grow at a CAGR of 8.5% during the forecast period 2017-2023.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/4824

Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major botanical extracts players. It further includes product portfolios, developments of leading players, which includes

Blue Sky Botanics Ltd. (U.K)
Ransom Naturals Ltd. (U.K)
Frutarom Industries Ltd. (Israel)
Prinova Group LLC. (U.S.)
Synergy Flavors, Inc. (U.S.)
Kalsec Inc. (U.S.) and
BI Nutraceuticals Inc. (U.S.)

Key Findings:
Botanical extracts have a massive opportunity in the global functional foods market

Regulatory authorities such as the U.S. food and drug administration (FDA) has approved the use of botanical extracts in formulation of food, beverages, pharmaceutical, and nutraceuticals products.

Segments:
Botanical extracts are segmented on the basis of source, which includes herbs, fruits, flowers, leaves, spices, and others. Among all, spices hold the major market share followed by leaves. Spice extracts have shown a high growth owing to changing lifestyle and the tendency of exploring new foods. The most common spices used in food preparations include pepper, clove, cardamom, cinnamon, cumin, fennel, and coriander.

On the basis of the extract form, the botanical extracts market is segmented into powder, liquid and others. Among both, powdered form is dominating in the market. The foremost reason for the growth of powdered botanical extracts is its wide range product applicability which primarily includes dairy, meat and bakery products owing to its aroma and taste characteristics. Furthermore, powdered botanical extracts have a higher shelf life which is considered to be the key driving factor for this segment to grow.

On the basis of application, botanical extracts market is segmented into food, beverages, FMCG non-foods and cosmetics, pharmaceuticals, nutraceuticals, animal feed, and others. High use of botanical extracts in the food preparation is dominating the food segment owing to high use of botanical extracts in bakery & confectionary products and salad dressing. However, high demand for botanical extracts in beverages such as carbonated drinks, juices and other beverages is anticipated to uplift the global botanical extracts market in the review period.

Access Report Details @ https://www.marketresearchfuture.com/reports/botanical-extracts-market-4824

Regional Analysis:
The global botanical extracts market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the botanical extracts market followed by Europe. The U.S. registered for a higher consumption of botanical extracts owing to increasing awareness about the benefits of consuming natural products. Additionally, consumption natural and healthy products with enhanced essence in food & beverages is considered to be the key driving factor in this region.

Moreover, increasing demand for organic and green label convenience foods products in European countries like the U.K., Germany and France are likely to boost the growth of the botanical extracts market during the assessment period.  Also, Europe accounts for a higher consumption of chilly and pepper as a key ingredient in various food preparation. Furthermore, the ongoing R&D activities in the extraction process of botanical extracts is likely to raise the growth of the botanical extracts market.

Contact Info:
Name: Abhishek
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312

Source URL: https://marketersmedia.com/worldwide-botanical-extracts-market-projected-to-grow-at-cagr-of-8-7-by-forecast-to-2023/331913

For more information, please visit https://www.marketresearchfuture.com/reports/botanical-extracts-market-4824

Source: MarketersMedia

Release ID: 331913

Latest News

Arrest of Nissan star Ghosn raises speculation over coup

Dec 17, 2018

TOKYO — The surprise arrest of Nissan's former chairman on charges of falsifying financial reports is providing a window into possible corporate intrigue at the Japanese automaker. Japanese media and some analysts have raised the possibility that the charges against Carlos Ghosn were engineered to sideline him and give Nissan an excuse to end a lopsided alliance with French automaker Renault SA. "What is fascinating about this story is the politics of it," said Egor Matveyev, an assistant professor of finance at the MIT Sloan School of Management. "It certainly appears that it wants more power and control within the...

Aussie nun who angered Duterte forced to leave Philippines

Dec 17, 2018

MANILA, Philippines — An Australian nun who angered the Philippine president by joining anti-government protests has called on Filipinos to unite and fight human rights abuses ahead of her forced departure from the country. Sister Patricia Anne Fox is set to leave the Philippines on Saturday for Australia after the Bureau of Immigration ordered her deported months ago and downgraded her missionary visa to a temporary visitor's visa, which expires Saturday. During a farewell news conference Saturday, the 71-year-old Fox called on Filipinos to speak up and help the marginalized fight to gain land, houses and jobs. She told The...

Indonesian airline whose plane crashed a low-cost high flyer

Dec 17, 2018

BANGKOK — Lion Air, the airline whose plane crashed early Monday while traveling from Jakarta to an island off Indonesia's Sumatra with 189 people on board, is a fast-growing low cost airline with a mixed safety record. The privately-owned carrier was founded in 1999 to provide access to air travel to everyone. It offers dozens of flights a day both internationally and within the archipelago's more than 17,000 islands. The biggest airline in the country in terms of passenger numbers and one of the largest low-cost carriers after Malaysia-based AirAsia, it mostly flies Boeing 737s. Before Monday's crash the airline...

China building boom uncovers buried dinosaurs, makes a star

Dec 17, 2018

YANJI, China — At the end of a street of newly built high-rises in the northern Chinese city of Yanji stands an exposed cliff face, where paleontologists scrape away 100 million-year-old rock in search of prehistoric bones. Like many fossil excavation sites in China, this one was discovered by accident. China's rapid city building has churned up a motherlode of dinosaur fossils. While bulldozers have unearthed prehistoric sites in many countries, the scale and speed of China's urbanization is unprecedented, according to the United Nations Development Program. Perhaps no one has seized the scientific opportunity more than Xu Xing, a...

French film star Catherine Deneuve receives Japanese award

Dec 17, 2018

TOKYO — French film star Catherine Deneuve has received Japan's most prestigious art award at a ceremony in Tokyo, where she was greeted by Emperor Akihito. Deneuve received the Praemium Imperiale on Tuesday for her achievement in film and theater performances. The 84-year-old Akihito, who is abdicating at the end of April, shook hands with Deneuve at a reception afterward and congratulated her, according to Japan's Kyodo News agency. Deneuve has appeared in more than 100 films during a career spanning over 60 years. The 75-year-old Deneuve is currently working on a new film by Japanese award-winning director Hirokazu Koreeda...

Sign up now!

About Us

Gempak Media delivers the most talked and gempak stories on the Internet to you. Be the first to know about the latest news and don’t forget to share it around.

Contact us: sales[at]gempakmedia.com

Subscribe Now!