Home > Food & Beverages > Nutraceuticals > Herbal Supplements > Botanical Extracts Market
Botanical Extracts Market Size
- Report ID: GMI5362
- Published Date: Sep 2024
- Report Format: PDF
Botanical Extracts Market Size
Botanical Extracts Market size was valued at USD 6.8 billion in 2023 and is anticipated to witness over 7.2% CAGR from 2024 to 2032, driven by the growing prevalence of deficiency diseases, such as anaemia, scurvy, and rickets. As per WHO, Anaemia affects almost 42% children below the age of 5 years and about 40% of pregnant women globally.
A shift towards dietary habits and the increased consumption of processed food have resulted in improper nutrition among children and adults. To compensate for the improper diet, there is surge in dietary supplements, which is fostering product adoption. However, fluctuations in raw material prices due to variable demand and supply may act as a growth barrier. The integration of advanced extraction methods may also fuel the industry expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Botanical Extracts Market Size in 2023: | USD 6.8 Billion |
| Forecast Period: | 2024 to 2032 |
| Forecast Period 2024 to 2032 CAGR: | 7.2% |
| 2032 Value Projection: | USD 13.1 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 247 |
| Tables, Charts & Figures: | 276 |
| Segments covered: | Source, Form, Application, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Botanical Extracts Market Scope
