Asia-Pacific Botanical Extract Market – Industry Trends and Forecast to 2028

  • Food & Beverage
  • Published Report
  • Aug 2021
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Botanical Extract Market, By Type (Spice Extracts, Herb Extracts, Flower Extracts, Tea 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), Country (China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, Vietnam , and Rest of Asia-Pacific) Industry Trends and Forecast To 2028.  

Market Analysis and Insights: Asia-Pacific Botanical Extract Market

The Asia-Pacific botanical extract market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 7.4% in the forecast period of 2021 to 2028 and is expected to reach USD 8181.38 million by 2028. The recent trend indicates increasing demand for Botanical extracts food and beverage, pharmaceutical, cosmetics & personal care industries continue to increase. Factors driving the growth of the botanical extracts market are growing usage of botanical extracts in food & beverages industries and rising usage of botanical extracts in pharmaceutical and personal care & cosmetics industries.

  • In addition, increasing applications of various botanical extracts such as spice & herb extracts in combination with other ingredients in various food products to enhance the flavor is another factor expected to drive the Asia-Pacific botanical extracts market growth in the coming years. However, stringent government regulations on botanical extracts will restrict the market's demand.

Several companies are making strategic decisions such as forming agreements with research facilities to launch new products to improve their market share. As a result, the botanical extracts market is growing at a rapid rate.

For instance,

  • In 2019, Febraury Doehler launched natural herb and spice extracts and natural blossom flavors. This launch was aimed at meeting the rapidly increasing demand for botanical flavors in the food and beverages industry.
  • In June 2017, Plantnat joined Shang Hai CPHI 20-27. This helped the company expand its capability in the area of nutritional solutions and expand the customer base and increase the sales and revenue. The Botanical Extract market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the botanical extract market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

Botanical Extract Market Scope and Market Size

Asia-Pacific Botanical extracts market is segmented into four notable segments based on type, form, product type, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • 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.  In 2021, herb extracts segment is expected to dominate the market due to the increasing awareness about nutritional benefits of herbal extracts.
  • On the basis of form, the botanical extracts market is segmented into powder, liquid, and leaf extracts. In 2021, powder segment is expected to dominate the market owing to wide application of powder extracts in various end user industries.
  • On the basis of product type, the botanical extracts market is segmented into organic and conventional. In 2021, conventional segment is expected to dominate the market owing to increased production of botanical extracts using chemical solvents.
  • 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. In 2021, the nutraceutical segment is expected to dominate the market due to the increasing health consciousness among consumers.

Botanical Extract Market Country Level Analysis

The Botanical Extract market is analyzed and market size information is provided based on country, type, form, product type, and application as referenced above.

The countries covered in the Asia-Pacific botanical extract market report are China, India, Japan, Australia, South Korea, Malaysia, Singapore, Thailand, Indonesia, Philippines, Vietnam, and Rest of Asia-Pacific.

Fruit extract segment in the Asia-Pacific region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 owing to growing awareness regarding fruits extracts among consumers. Japan is leading in the Asia-Pacific botanical extract market  due to presence of highest number of botanical extract providers in the country.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Growing Strategic Activities by Major Market Players to Enhance Awareness for Botanical Extract, Boosting the Market Growth of Botanical Extract Market.

The botanical extract market also provides you with detailed market analysis for every country growth in the particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for historic period of 2010 to 2019.

Competitive Landscape and Botanical Extract Market Share Analysis

Botanical Extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to botanical extract market.

Major companies operating in the botanical extract market are Sensient Technologies Corporation, 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. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Several contracts and agreements are also initiated by companies’ worldwide which are also accelerating the botanical extract market.

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 In June 2018, Organic Herb, Inc. exhibited its products at IFT exhibition held at Chicago. This benefited the company by attracting consumers across the world increasing the company’s sales and revenue.

Customization Available: Asia-Pacific Botanical Extract Market

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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