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Botanical Extracts Market Trends

Report ID: GMI5362
Published Date: Sep 2024
Report Format: PDF

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Botanical Extracts Market Trends

The strong emphasis on sustainable and ethically sourced botanical extracts is an important factor driving the product uptake. Rising consumer preference for natural and organic products is boosting the demand for botanical extracts as alternatives to synthetic ingredients. Ongoing R&D activities are also focused on identifying new botanical sources and extracting methods.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Botanical Extracts Market size recorded 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.

The botanical extracts powder segment is projected to depict over 7% CAGR through 2032, as powdered botanical extracts boost the bioactive phytochemical concentration of the original herb, making them ideal for use in cosmetics and personal care products.

Asia Pacific market is expected to be worth over USD 4 billion by 2032, owing to the increasing inclination towards a healthy lifestyle and the subsequent rise in the utilization of natural organic products.

Synthite Industries Ltd, Bell Flavors & Fragrances, Nektium, Nutra Green Biotechnology Co., Ltd, Ambe NS Agro Products Pvt. Ltd. among others.