Selbyville, Delaware, Oct. 05, 2022 (GLOBE NEWSWIRE) — According to a new research report from Global Market Insights Inc., the Botanical Extracts Market is on track to generate more than $11 billion in revenue by 2030.
The increasing adoption of natural flavors in a range of food applications as an important factor propelling the demand for botanical extracts over the coming years. The use of natural and organic food products has grown exponentially in recent years, attributed to emerging health issues and changing food preferences. The growing number of people making the transition to chemical-free nutritional food products has encouraged companies to develop products based on natural ingredients with positive health effects.
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Outstanding Health Benefits to Drive Demand for Fruit-Based Botanical Extracts
Fruit botanical extracts are assumed to witness a CAGR of over 7% between 2022 and 2030. Fruit extracts have a wide range of health benefits that support intestinal functions and improve body cleansing. They are rich in antioxidants and have anti-inflammatory, anti-diabetic and anti-tumor properties. Furthermore, the recognition of fruit extracts as a consistent leader in the development of anti-cancer drugs without the side effects of cytotoxic drugs and chemotherapy will bolster the global market outlook to 2030.
Cost-effective benefits to drive adoption of liquid botanical extracts
The market for liquid botanical extracts could exceed USD 5 billion by 2030, driven by the increasing use of liquid form in the cosmetic and pharmaceutical industries. These liquid botanical extracts are infused with certain bioactive compounds, such as antioxidants, providing skin benefits including sun protection and anti-aging properties for use in cosmetics. Additionally, the ease of use, cost-effectiveness, and improved aesthetics associated with liquid extracts may bolster the segment share in the coming years.
Browse key industry information spread over 247 pages with 251 market data tables and 25 report figures and graphs, “Botanical Extracts Market Size By Source (Flowers, Herbs, Fruits, Spices, Tea Leaves, Others), By Form (Powder, Liquid), By Application (Cosmetics & Skincare, Pharmaceutical, Food & Beverages, Others) , Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape and Forecast, 2022 – 2030in detail with the table of contents:
Improving health awareness to drive demand for products in the food and beverage industry
The share of the botanical extracts industry in agri-food applications is expected to reach USD 3 billion by 2030. Rising consumption of natural and organic food and beverage products due to accelerating dietary change could drive adoption of products in the F&B industry. The application of botanical extracts as antimicrobials, antioxidants, flavoring agents, enzymes, colorants, packaging additives and nutrient enhancers will help the product gain popularity in the food and beverage sector during the period of forecast.
Increase in consumption of ready-to-drink beverages to facilitate industry expansion across Europe
The European botanical extracts market is expected to surpass USD 2 billion and hold more than 20% revenue share by 2030. Regional growth is influenced by changing health trends and penetration of ready-to-drink natural beverages . The rising popularity of herbal ingredients supported by the growing health conscious population and growing awareness of the positive effects of botanical extracts on health may contribute to the expansion of the regional industry.
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Acquisitions will become a key growth strategy
Notable players in the botanical extracts industry include Lipoid-Kosmetik, Nektium, Ambe NS Agro Products Pvt. Ltd., Berkem, Blue Sky Botanics Ltd., Synergy Flavors, Ransom Naturals Ltd., Kalsec Inc., Synthite Industries Ltd., Döhler GmbH, Nutra Green Biotechnology Co., Ltd., Kuber Impex Ltd., Mb-Holding GmbH & Co. Kg, Bell Flavors & Fragrances, Martin Bauer Group, International Flavors & Fragrances Inc., Botanica and Native Extracts.
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Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and advisory services, offering syndicated and custom research reports as well as consulting services. growth. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid in strategic decision-making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.