Worldwide Botanical Extracts Market Projected to Grow at CAGR of 8.7% by Forecast to 2023

Botanical Extracts Market Information: by Source (Herbs, Fruits, Flowers, Leaves and Spices), Form (Powder, Liquid), Application (Food, Beverages, FMCG Non-Foods and Cosmetics, Pharmaceuticals, Nutraceuticals and Animal Feed) and Region– forecast till 2023

pune, India - April 17, 2018 /MarketersMedia/ —

Market Overview:
Botanical extracts are natural extracts which are prepared from the plant source which primarily includes herbs, fruits, flowers, leaves, spices and others. Botanical extracts are rich in essential oils and other natural ingredients such as phenols, terpenoids, resins and others which are used in preparation of food, beverages, medicines, nutraceuticals and other food products owing to its therapeutic property. For example, green tea leaves are used for beverage and medicinal purpose owing to their high polyphenolic content along with properties like antioxidant, anti-carcinogenic, and anti-inflammation. Commonly available botanical extracts are in the form of powder, liquids, and others.

Botanical Extracts Market is projected to grow at a CAGR of 8.7% over the forecast period. Increasing demand for botanical extracts and green label ingredients in food & beverages, functional food, pharmaceuticals and animal feed has surged the growth of the botanical extracts market in this region. These extracts are rich in essential oils and other natural ingredients such as phenols, terpenoids, resins and others which holds a good therapeutic property. They are non- toxic and have negligible side effects. They are available in form of powder, liquid, and others.

Europe is anticipated to show a significant growth in the botanical extracts market over the forecast period 2017-2023. The U.K and France are leading this market and are expected to be dominating players over the review period. Also, Europe accounts for a higher consumption of chilly and pepper as a key ingredient in food preparation which is considered to be the key driving factor in this region.

Furthermore, consumer shift towards natural and green label products is boosting the demand for botanical extracts in European market. However, the limited availability of herbs, spices and other natural products is likely to hamper the market growth of botanical extracts market.

European botanical extracts market is anticipated to grow at a CAGR of 8.5% during the forecast period 2017-2023.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/4824

Major Key Players:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major botanical extracts players. It further includes product portfolios, developments of leading players, which includes

Blue Sky Botanics Ltd. (U.K)
Ransom Naturals Ltd. (U.K)
Frutarom Industries Ltd. (Israel)
Prinova Group LLC. (U.S.)
Synergy Flavors, Inc. (U.S.)
Kalsec Inc. (U.S.) and
BI Nutraceuticals Inc. (U.S.)

Key Findings:
Botanical extracts have a massive opportunity in the global functional foods market

Regulatory authorities such as the U.S. food and drug administration (FDA) has approved the use of botanical extracts in formulation of food, beverages, pharmaceutical, and nutraceuticals products.

Segments:
Botanical extracts are segmented on the basis of source, which includes herbs, fruits, flowers, leaves, spices, and others. Among all, spices hold the major market share followed by leaves. Spice extracts have shown a high growth owing to changing lifestyle and the tendency of exploring new foods. The most common spices used in food preparations include pepper, clove, cardamom, cinnamon, cumin, fennel, and coriander.

On the basis of the extract form, the botanical extracts market is segmented into powder, liquid and others. Among both, powdered form is dominating in the market. The foremost reason for the growth of powdered botanical extracts is its wide range product applicability which primarily includes dairy, meat and bakery products owing to its aroma and taste characteristics. Furthermore, powdered botanical extracts have a higher shelf life which is considered to be the key driving factor for this segment to grow.

On the basis of application, botanical extracts market is segmented into food, beverages, FMCG non-foods and cosmetics, pharmaceuticals, nutraceuticals, animal feed, and others. High use of botanical extracts in the food preparation is dominating the food segment owing to high use of botanical extracts in bakery & confectionary products and salad dressing. However, high demand for botanical extracts in beverages such as carbonated drinks, juices and other beverages is anticipated to uplift the global botanical extracts market in the review period.

Access Report Details @ https://www.marketresearchfuture.com/reports/botanical-extracts-market-4824

Regional Analysis:
The global botanical extracts market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). North America is dominating the botanical extracts market followed by Europe. The U.S. registered for a higher consumption of botanical extracts owing to increasing awareness about the benefits of consuming natural products. Additionally, consumption natural and healthy products with enhanced essence in food & beverages is considered to be the key driving factor in this region.

Moreover, increasing demand for organic and green label convenience foods products in European countries like the U.K., Germany and France are likely to boost the growth of the botanical extracts market during the assessment period.  Also, Europe accounts for a higher consumption of chilly and pepper as a key ingredient in various food preparation. Furthermore, the ongoing R&D activities in the extraction process of botanical extracts is likely to raise the growth of the botanical extracts market.

Contact Info:
Name: Abhishek
Organization: market research future
Address: Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
Phone: 6468459312

Source URL: https://marketersmedia.com/worldwide-botanical-extracts-market-projected-to-grow-at-cagr-of-8-7-by-forecast-to-2023/331913

For more information, please visit https://www.marketresearchfuture.com/reports/botanical-extracts-market-4824

Source: MarketersMedia

Release ID: 331913

Latest News

Iran oil minister: French oil giant Total pulls out of Iran

Aug 21, 2018

TEHRAN, Iran — Iran's oil minister said on Monday that France's oil giant Total SA has officially pulled out of Iran after cancelling its $5 billion, 20-year agreement to develop the country's massive South Pars offshore natural gas field over renewed U.S. sanctions. The parliament's website ICANA.ir quoted Oil Minister Bijan Zanganeh as saying that since Total first announced its decision a while ago, Iran has been in the process of "looking for an alternative" to Total. He didn't elaborate. There was no immediate comment from TotaI. Earlier this month, Iran said China's state-owned petroleum corporation took a majority 80...

Endangered Green, Loggerhead turtles make comeback in Cyprus

Aug 21, 2018

LARA BEACH, Cyprus — For these ancient reptiles, a stretch of beach on the Mediterranean island of Cyprus has been their home for thousands of years. Against the setting sun, the tiny turtles that have just hatched on Lara Beach strain against the surf to reach the Mediterranean Sea and embark on their life's journey. And in 20 to 30 years, they'll be back at this exact location to lay their own eggs. After being hunted to near extinction in the first half of the last century, the Mediterranean's endangered Loggerhead and Green turtles are making a comeback thanks to...

Saudi official says Canada dispute won't affect oil sales

Aug 21, 2018

DUBAI, United Arab Emirates — Saudi Arabia's diplomatic dispute with Canada over its arrest of women's rights activists will not affect the ultraconservative kingdom's oil sales to Canadian customers, the Saudi energy minister said Thursday. The remarks by Khalid al-Falih show the limits of the ongoing quarrel and may calm some of the bluster surrounding the dispute that suddenly erupted Monday over Canadian diplomats' tweets asking the kingdom to release the detained activists. A statement carried by the state-run Saudi Press Agency quoted al-Falih as saying oil sales are not affected by politics as there is a "firm and longstanding...

Iran president strikes hard line as some US sanctions resume

Aug 21, 2018

TEHRAN, Iran — Iranian President Hassan Rouhani struck a hard line Monday as the U.S. restored some sanctions that had been lifted under the 2015 nuclear deal, demanding compensation for decades of American "intervention" in the Islamic Republic. While saying he had "no preconditions" for talks, Rouhani in a live television interview maintained that Iran can rely on China and Russia to help its oil and banking sectors as the U.S. ramps up sanctions in the coming months. The U.S. resumed sanctions targeting Iran's automotive sector as well as gold and other key metals on Monday. "If someone has knife...

Iran receives more airplanes ahead of renewed US sanctions

Aug 21, 2018

TEHRAN, Iran — Iran acquired five new commercial aircraft on Sunday, a day before the U.S. begins restoring sanctions that had been lifted under the 2015 nuclear accord with world powers. The arrival of the ATR72-600 airplanes at Tehran's Mehrabad International Airport represented perhaps the last benefits Iran will see under the nuclear deal after President Donald Trump withdrew from it in May. Economic woes are sparking sporadic, leaderless protests across the country. The rhetoric between the U.S. and Iran remains heated, despite Trump tweeting last week that he would be willing to meet with Iranian President Hassan Rouhani. Iran's...

Sign up now!

About Us

What if you could see what will happen to the world in the next 10 years? In The Daily Futurist, we explore mostly on geography, archaeology and natural science. See the future here in The Daily Futurist.

Contact us: sales[at]thedailyfuturist.com