Global Botanical ingredients By Product Type (Emulsifier, Plant Oils, Plant Colorants, Fragrances, Resin Extracts and Plant Extracts), Primary Ingredients (Fruits and Vegetables Extracts, Grain Extracts, Herbal Extracts, Tea Extracts and Floral Extracts), Application (Pharmaceuticals Industries, Food and Beverages and Personal Care), Ingredients Source (Herbs, Leaves, Spices, Flowers and Others), Ingredients Form (Powder and Liquid) – Industry Trends and Forecast to 2029.
Global Botanical Ingredients Market Analysis and Size
In the medium term, consumers seeking clean-label and sustainable ingredients will be drawn to botanical-containing products. This is especially true in beverages, where botanical flavours give aromatic formulations a refreshing and natural "pop." However, the use of botanical ingredients such as sage leaf and rose petal is increasing in a variety of categories such as bakery, dairy, and confectionery. Consumers value botanical "premium" ingredients in foods and beverages.
- Data Bridge Market Research analyses that the botanical ingredients market which was valued at a value of USD 5.79 billion in 2021 is expected to reach the value of USD 7.23 billion by 2029, at a CAGR of 15.50% during the forecast period of 2022 to 2029. Growing consumer concern about safety and health, as well as rising clean label trends in the food, beverages, and pharmaceutical industries, are driving the growth of the botanical ingredients market.
Global Botanical Ingredients Market Definition
Botanical ingredients are derived from plant roots, flowers and leaves, which contain bioactive compounds. These products are available in solid, semi-solid and liquid forms because they are extracted through the solvent extraction process of these raw materials. Botanical ingredients are frequently used in cosmetics to enhance their quality.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Emulsifier, Plant Oils, Plant Colorants, Fragrances, Resin Extracts and Plant Extracts), Primary Ingredients (Fruits and Vegetables Extracts, Grain Extracts, Herbal Extracts, Tea Extracts and Floral Extracts), Application (Pharmaceuticals Industries, Food and Beverages and Personal Care), Ingredients Source (Herbs, Leaves, Spices, Flowers and Others), Ingredients Form (Powder and Liquid)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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GrainCorp (Australia), Malteurop (France), Rahr Corporation (US), Boortmalt (Belgium), Indesso, (Spain) Lipoid Kosmetic AG,(Germany) The Herbarie at Stoney Hill Farm, Inc.(U.S) International Flavors& Fragrances, Inc.(Netherlands) Bell Flavors& Fragrances (france) Rutland Biodynamics Ltd. (Scotland) Prakruti Products Pvt. Ltd (India) AmbePhytoextractsPvt. Ltd. (Austria) The Green Labs LLC (Nethelands) Berje, Inc.(Italy) Umalaxmi Organics Pvt. Ltd.(India) DSM (Netherlands)
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Opportunities
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Botanical Ingredients Market Dynamics
Drivers
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Consumers Need for Clean Label Products
Consumers want clean label products because of the health and wellness trend, as well as the desire for authenticity in food and beverage products, which is driving the botanical ingredients market forward.
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Consumers Increased Purchasing Power
Legitimate consumption has not only become a trend for food and beverages, but it has also influenced consumer purchasing behaviour to some extent. As consumers become more interested in natural and non-artificial ingredients, they are driving the growth of the botanical ingredients market. Garlic, ginseng, Echinacea, and ginkgo biloba are some of the best-selling botanical ingredients.
Opportunity
Botanical ingredients have numerous medical benefits, which creates a growth opportunity for the botanical ingredients market
Restraints/Challenges Global Botanical Ingredients Market
The authenticity of ingredients is questionable due to the increased number of competitors in the market, which will act as a restraint and will further challenge the growth of the botanical ingredients market during the forecast period mentioned above.
This botanical ingredients market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the botanical ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Botanical Ingredients Market
The COVID-19 outbreak wreaked havoc on the global supply chain, retail distribution, and consumer behaviour for a wide range of products and services. Botanical ingredients, on the other hand, saw a surge in demand during the pandemic due to increased consumer preference for health and wellness products, which promotes overall well-being. When a Traditional Chinese Medicine (TCM) hospital recommended using herbs to combat COVID-19 in 2020, there was a significant increase in demand for traditional medicine. Botanical ingredients are used in the formulation of a variety of dietary supplement products related to joint health, obesity, anxiety, and the vascular system. The growing preference for an active and healthy lifestyle, combined with increased awareness about improving immunity due to the COVID-19, is expected to fuel demand for herbal supplements, boosting product sales.
Recent Development
- IFF announced a total investment of USD 87 million in its newly expanded flavours manufacturing facility in Karawang, Indonesia, in November 2021. The facility, located in Karawang International Industrial City, began addressing the region's rapidly growing demand for flavour technology.
- Ransom Naturals Ltd announced a strategic commercial partnership with SK Chemtrade in September 2021 for the exclusive distribution of its pharmaceutical, nutraceutical, and food and beverage botanical extracts in South Africa. For nearly 30 years, SK Chemtrade has been one of South Africa's leading distributors, providing value-added product development and key functional ingredients to a wide range of industries, including pharmaceutical, healthcare, nutraceuticals, food, beverages, and personal care.
- Firmenich will launch Dynarome TR, the latest addition to its proprietary SmartProteins technology portfolio, in June 2021. Dynarome TR is intended to provide a natural, authentic and delectable cooking aroma for meat analogues in a variety of plant-based food formats.
Global Botanical Ingredients Market Scope
The botanical ingredients market is segmented on the basis of product type, primary ingredients, application, ingredients source and ingredients form. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Emulsifier
- Plant oils
- Plant colorants
- Fragrances
- Resin extracts
- Plant extracts
On the basis of product type, the botanical ingredients market is segmented into emulsifiers, plant oils, plant colorants, fragrances, resin extracts and plant extracts.
Primary Ingredients
- Fruits and vegetables extracts
- Grain extracts
- Herbal extracts
- Tea extracts
- Floral extracts
On the basis of primary ingredients, the botanical ingredients market is segmented into fruits and vegetables extracts, grain extracts, herbal extracts, tea extracts and floral extracts.
Application
- Food and beverage
- Pharmaceuticals
- Personal care
On the basis of application, the botanical ingredients market is segmented into pharmaceuticals industries, food and beverages and personal care.
Ingredient source
- Herbs
- Leaves
- Spices
- Flowers
- Others
On the ingredients source, the botanical ingredients market is segmented into herbs, leaves, spices, flowers and others.
Ingredient form
- Powder
- Liquid
Based on ingredients form, the botanical ingredients market is segmented into powder and liquid.
Botanical Ingredients Market Regional Analysis/Insights
The botanical ingredients market is analyzed and market size insights and trends are provided by country, product type, primary ingredients, application, ingredients source and ingredients form as referenced above.
The countries covered in the botanical ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA)
North America is expected to dominate the botanical ingredients market due to increased demand for products with low calorie levels and high nutritional content over the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Botanical ingredients Market Share Analysis
The botanical ingredients 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the botanical ingredients market.
Some of the major players operating in the botanical ingredients market are:
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (US)
- Boortmalt (Belgium)
- Indesso(Spain)
- Lipoid Kosmetic AG,(Germany)
- The Herbarie at Stoney Hill Farm, Inc.(U.S)
- International Flavors& Fragrances, Inc.(Netherlands)
- Bell Flavors& Fragrances (france)
- Rutland Biodynamics Ltd. (Scotland)
- Prakruti Products Pvt. Ltd (India)
- AmbePhytoextractsPvt. Ltd. (Austria)
- The Green Labs LLC (Nethelands)
- Berje, Inc.(Italy)
- Umalaxmi Organics Pvt. Ltd.(India)
- DSM (Netherlands)
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