Global Botanical Extract Market is Growing with a CAGR of 6.6% in the Forecast Period of 2021 to 2028

 

Recent trend indicates increasing demand for botanical extracts food and beverage, pharmaceutical, and cosmetics & personal care industries. Factors driving the growth of the botanical extracts market are increasing health awareness about botanical extracts among consumers. However, stringent government regulations on the botanical extracts will restrict the market growth in the forecast period.

Several companies are making strategic decisions such as forming agreements with research facilities to launch new products to improve their market share.

Global Botanical Extract Market Scenario                                

According to Data Bridge Market Research, the market for global botanical extract in North America has the highest market share followed Asia-Pacific and Europe. Market leader is Sensient Technologies Corporation, which accounts for an estimated market share of approximately 5.07% in the global market. The company has gained outstanding sale by providing novel botanical extract products.

  • In March 2016, Sensient Technologies Corporation expanded its technical development and application center for flavors, colors, and fragrances in Singapore. The new facility enabled the local Sensient units and customers to develop product solution from locally developed initiatives based on the company’s global product portfolio.

Trends Impacting the Market

Now the question is which other regions Sensient Technologies Corporation, Givaudan, and International Flavors & Fragrances Inc. are targeting? Data Bridge Market Research has estimated a large growth in North America botanical extract market and the market leaders targeting the U.S. and Canada to be their next pocket revenue for 2021.

The botanical extract market is becoming more competitive with companies, such as Sensient Technologies Corporation, Givaudan, and International Flavors & Fragrances Inc. These are the top dominating companies in the market and have launched new botanical extracts products in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the global Botanical Extract market.

For more analysis on the global Botanical Extract market request for a briefing with our analysts https://www.databridgemarketresearch.com/reports/global-botanical-extracts-market

Botanical Extract Market Developments

  • In March 2020, International Flavors & Fragrances Inc. had new partnership with Evolva, a Swiss biotech company. This agreement will benefit the company to expand the commercialization of the International Flavors & Fragrances Inc. products and thereby increase the sales and revenue.
  • In October 2020, Kerry introduced an organic range of flavorings and extracts under the brand name Simply Nature. The new portfolio of Simply Nature, including flavorings and extracts, would expand and meet the customers demand.
  • In September 2020, Symrise Nurtures announced partnership with over 7,000 vanilla farmers in 84 villages in the SAVA region. The collaboration has added transparency to the product’s origin and growing condition, which further increases the company's growth.

Scope of the Botanical Extract Market

Global botanical extract market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Poland, Turkey, Sweden, Denmark, Rest of Europe, Japan, China, Australia, South Korea, India, Malaysia, Thailand, Indonesia, Vietnam, Singapore, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Kuwait, Qatar, Oman Rest of Middle East and Africa, Brazil, Argentina, and Rest Of South America.

All country-based analysis of the global botanical extract market is further analyzed based on maximum granularity into further segmentation. On the basis of Type, the botanical extracts market is segmented into spice extracts, herb extracts, flower extracts, tea extracts, fruit extracts and marine plant extracts. On the basis of Form, the botanical extracts market is segmented into powder, liquid, and leaf extracts. On the basis of product type, the botanical extracts market is segmented into organic and conventional. On the basis of application, the botanical extracts market is segmented into food products, sports nutrition, beverages, pharmaceutical, nutraceutical, personal care & cosmetics, aromatherapy, animal feed, and others

To know more about the study https://www.databridgemarketresearch.com/reports/global-botanical-extracts-market

Key Pointers Covered in Botanical Extract Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Botanical Extract market
  • Company profiling of top eight players of Botanical Extract market

Key Market Competitors Covered in the Report

  • Givaudan
  • DSM
  • Döhler Group SE
  • Kerry Foods
  • Sensient Technologies Corporation
  • Provital
  •  Ingredion
  • Martin Bauer Group
  • Symrise
  • International Flavors & Fragrances Inc.
  • McCormick & Company, Inc.
  •  Synthite Industries Ltd.
  • Bio-gen Extracts Private Limited
  • Plantnat
  • Native Extracts Pty Ltd
  • Kalsec Inc.
  • Carrubba INC
  • Organic Herb Inc
  • Bio Botanica, Inc.
  • Blue Sky Botanics

Above are the key players covered in the report, to know about more and exhaustive list of Botanical Extract companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-botanical-extracts-market

Research Methodology: Global Botanical Extract Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Healthcare Industry, Scientists, Research Laboratories, pharmaceutical industry, Food industry.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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