As a growing number of consumers seek safe and effective products, there has been a rapid shift from synthetic products to more natural and organic products in recent years. Botanical extracts contains a lot of antioxidants and flavonoids. They are widely used across the food and beverage and cosmetic industries.
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The market is segmented based on Segmentation, By Type (Spice Extracts, Herb Extracts, Flower Extracts, Botanical Extracts, Fruit Extracts, and Marine Plant Extracts), Form (Powder, Liquid, and Leaf Extracts), Product type (Organic and Conventional), Application (Food Products, Sports Nutrition, Beverages, Pharmaceutical, Nutraceutical, Personal Care & Cosmetics, Aromatherapy, Animal Feed, and Others) – Industry Trends and Forecast to 2031
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The Global Botanical Extracts Market size was valued at USD 7.00 USD Billion in 2023.
The Global Botanical Extracts Market is projected to grow at a CAGR of 7.1% during the forecast period of 2024 to 2031.
The major players operating in the market include Ransom Naturals , International Flavors & Fragrances , Synthite Industries , Martin Bauer Group, Kalsec , Synergy Flavors , Prinova Group, PT. Indesso Aroma, Döhler GmbH, Bell Flavors & Fragrances, Nutra Green Biotechnology Co. , Kuber Impex ,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.