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Lovage Extract Market Trends

Report ID: GMI1999
Published Date: Apr 2024
Report Format: PDF

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Lovage Extract Market Trends

One of the main trends in the lovage extract industry is the growing consumer demand for natural ingredients, leading to increased usage across sectors such as food, beverages, cosmetics, and pharmaceuticals. Supportive policies promoting sustainability further drive market growth. Additionally, there is a rising emphasis on product innovation, including the development of new formulas and applications, to cater to shifting consumer preferences. The lovage extract sector is witnessing notable global expansion facilitated by strategic partnerships and market entry into new regions. These collaborative efforts are reshaping the competitive dynamics within the industry.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lovage extract reached USD 1.92 billion in 2023 and is set to witness 4.6% CAGR between 2024 and 2032, propelled by the growing consumer awareness and the increasing demand for natural ingredients.

Shoot extract segment size will exceed USD 1.8 billion in 2032, owing to the unique characteristics and potential health benefits associated with shoot extract.

Asia Pacific lovage extract market will cross USD 1.01 billion in 2032, driven by a diversified market with a rich history of herbal medicine and culinary customs.

Albert Vieille SAS (Givaudan), ActiveHerb, Botanicals Plus, Carrubba Incorporated, Döhler GmbH, Danièle Ryman, Ecomaat, Ennature Biopharma Pvt. Ltd., Finzelberg GmbH & Co. KG among others.