Global Botanical Extract Market is expected to grow with the CAGR of 6.6% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global botanical extract market is highly saturated, which includes a huge number of identical and non-identical local players. The market has witnessed increased strategic developments owing to favorable market scenario.

Major players operating in the global botanical extracts market are introducing a wide range of products along with launching new products and adopting strategic initiatives such as acquisitions, agreements, business expansions, awards and recognitions into the market. This helps companies to maximize the sales with enhanced product portfolio.

For instance:

• In May 2019, Ingredion launched protein portfolio of Clara Foods’. The proteins of Clara have the superior functionality and taste than animal proteins. Manufacturers are also searching for egg albumen for clean-label antimicrobials, baking and clean protein for food or beverages, digestive health supplements. This has helped the company serve its customers with a broad product portfolio.

Sensient Technologies Corporation is the dominating player in the global botanical Extract market. Other key players existing in the market are 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., and Blue Sky Botanics among other domestic players.

Sensient Technologies Corporation

Sensient Technologies Corporation, is headquartered in Wisconsin, the U.S. The company focuses on providing customized food and beverage systems, pharmaceutical colors and coatings, cosmetics and personal care formulation. It has several product categories including taste modulation, plant-based solutions, sensory enhancers, flavors, flavor enhancers, clean label solution, bio nutrients, colors, vegan flavors, and essential oils in which flavors & extracts and colors are the market focused category.

For instance,

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

The company has wide presence across Europe, Middle East and Africa, Asia-Pacific, and Americas. It also has various subsidiary companies including Flavor Burst Inc. (U.S.), Sensient Colors SA (U.S.), Sensient Natural Extraction Inc. (U.S.), Sensient Flavors Mexico, S.A. de C.V. (Mexico), and others.

Givaudan

Givaudan is headquartered in Geneva, Switzerland. The company focuses on manufacturing flavors, fragrances, and health and personal care products to the customers. It operates its business via several business segments including taste & wellbeing, fragrance & beauty in which taste & wellbeing is the market focused segment. The company has two product categories which are taste & wellbeing and fragrance & beauty in which taste & wellbeing is the market focused category.

For instance,

• In September 2016, Givaudan inaugurated a new processing plant named NATEMA (Natural Extracts Madagascar) in Madagascar region. This manufacturing plant is established for the production of botanical extracts. This plant is established to offer the best ingredient to the customers and create a value in partner communities. In addition, NATEMA has increased the company’s capacity to develop a processed ingredient source in Madagascar.

The company has presence across Europe, Middle East and Africa, Asia-Pacific, South America, and North America. The company also has various subsidiaries including Naturex (France), Soliance, SA (France), Givaudan (Thailand) Ltd. (Thailand), Givaudan UK Limited (UK), Givaudan (India) Pvt. Ltd. (India).

International Flavors & Fragrances Inc.

International Flavors & Fragrances Inc. was founded in the year 1833 and is headquartered in Grasse, France. The company is focused on developing flavors and fragrance, which are used in a wide variety of consumer products and packaged goods. The company operates its business via business segments including taste and scent in which taste is the market focused segment. The company has product categories which are taste, flavor compounds, savory solutions, inclusions, nutrition and specialty ingredients, flavor & specialty ingredients in which flavor & specialty ingredients is the market focused category.

For instance,

• 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 sales and revenue.

The company has presence across Europe, Middle East and Africa, Asia-Pacific, and Americas. It also has various subsidiaries including I.F.F. Essencias e Fragrancias Ltda. (Brazil), Sonarome Private Limited (India), P.T. Essence Indonesia (Indionesia), Danisco Canada Inc. (Canada), Danisco Australia Pty Ltd. (Australia).