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Botanical Extracts Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCG21558

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Published on

November 2021

Total pages

243

Table of Content

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About the Report

About the Report

Increasing realization of the side effects of allopathic medicines, coupled with the growing awareness about the medicinal benefits as well as therapeutic effects of herbal products is pushing up the demand for herbal extracts. Moreover, dietary supplements and herbal-based beauty aids worldwide. There has been a shift in universal trends from synthetic to herbal medicine recently. It is an ancient wisdom that plants have therapeutic value and are used to treat various diseases since the Neanderthal age. All ancient civilizations in the world are known to use plants for medicinal purposes. Ayurveda and traditional Chinese medicines are well known to the world for their natural ingredients and multiple benefits.
People around the world collect or use medicinal and aromatic plants (MAPs) for treating and preventing illnesses. The World Health Organization (WHO) has acknowledged the importance of traditional medicines, and particularly in many developing countries, where around 70-95% of the population rely on these medicines for primary care.
A rise in the demand for global wellness products is also leading to the growth of the plants' extracts market. As per FAO, The percentage of people using traditional medicines decreases in developed countries which are 40-50% in Germany, 42% in the USA, 48% in Australia, and 49 % in France. At present, 80% of the population in developing countries rely largely on plant-based drugs for their health care needs, and the WHO has estimated that in the coming decades a similar percentage of the world population may well rely on plant-based medicines. Thirty percent of the drugs sold worldwide contain compounds derived from plant material
As per CITES, Approximately 60,000 MAP species are harvested globally, of which around 1,280 are estimated to be listed in CITES Appendices. MAP (medicinal and aromatic plant species) cultivation and harvest practices secure valuable income for many rural households. Also, the CITES trade database registers 54 million kg of exports of medicinal plant products between 2006 and 2015, mainly derived from 43 species. Forty-seven percent of these exports were sourced from the wild.
Based on the source, the market is fragmented into spices, herbs, flowers, and others. The herbs segment grabbed the major market share and dominated the market. However, the flower segment is expected to have the highest CAGR during the forthcoming years owing to the surging demand from consumers for various flower aromatic products.
Based on the application, the market is fragmented into food & beverage, pharmaceutical, cosmetic & personal care, and others. The food and beverage segment grabbed the major market share and dominated the market. Moreover, the market of this segment would witness the highest CAGR during the forthcoming years owing to the growing demand for natural and organic products. However, the cosmetic & personal care segment would grab a considerable CAGR during the forthcoming years as well.
Based on the form, the market is fragmented into powder and liquid. The powder segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. The segment is witnessing an uptick owing to the benefits such as being easy to consume. H0owvwe, the segment would proliferate in the forthcoming years. Liquid Extracts are added to original formulations or incorporated into various cosmetic bases.
For a better understanding of the market adoption of the Botanical Extracts Market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of APAC), and Rest of World. North America constitutes a major market for the Botanical Extracts industry and generated revenue of USD XX Million in 2020 owing to the increase in awareness among consumers coupled with the presence of numerous brands offering Botanical Extracts in the countries such as the U.S., and Canada.
Some of the major players operating in the market are Mb-Holding GmbH & Co. Kg., Dohler GmbH., Blue Sky Botanics Ltd, Kuber Impex Ltd., Synthite Industries Ltd., Kalsec Inc., Synergy Flavors, Nutra Green Biotechnology Co., Ltd, etc. Several M&As along with partnerships have been undertaken by these players to develop Botanical Extracts across the globe.

Products


Companies

Mb-Holding GmbH & Co. Kg., Dohler GmbH., Blue Sky Botanics Ltd, Kuber Impex Ltd., Synthite Industries Ltd., Kalsec Inc., Synergy Flavors, Nutra Green Biotechnology Co., Ltd

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Botanical Extracts Market

2.2. Research Methodology of the Botanical Extracts Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Botanical Extracts Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL BOTANICAL EXTRACTS MARKET COVID-19 IMPACT

6 GLOBAL BOTANICAL EXTRACTS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY SOURCE

7.1. Spices

7.2. Herbs

7.3. Flowers

7.4. Others

8 MARKET INSIGHTS BY APPLICATION

8.1. Food & Beverage

8.2. Pharmaceutical

8.3. Cosmetic & Personal Care

8.4. Others

9 MARKET INSIGHTS BY FORM

9.1. Powder

9.2. Liquid

10 MARKET INSIGHTS BY REGION

10.1. North America Botanical Extracts Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Botanical Extracts Market

10.2.1. United Kingdom

10.2.2. Germany

10.2.3. France

10.2.4. Italy

10.2.5. Spain

10.2.6. Rest of Europe

10.3. Asia Pacific Botanical Extracts Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. South Korea

10.3.6. Rest of Asia Pacific

10.4. Rest of World Botanical Extracts Market

11 BOTANICAL EXTRACTS MARKET DYNAMICS

11.1. Market Drivers

11.2. Market Challenges

11.3. Impact Analysis

12 BOTANICAL EXTRACTS MARKET OPPORTUNITIES

13 BOTANICAL EXTRACTS MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

15.1. Demand Side Analysis

15.2. Supply Side Analysis

15.2.1. Top Product Launches

15.2.2. Top Business Partnerships

15.2.3. Top Business Expansions, Investments and Divestitures

15.2.4. Top Merger and Acquisitions

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

17.1. Competitive Landscape

17.1.1. Company Shares, By Revenue

18 COMPANY PROFILED

18.1. Mb-Holding GmbH & Co. Kg

18.2. Dohler GmbH

18.3. Blue Sky Botanics Ltd

18.4. Kuber Impex Ltd.

18.5. Synthite Industries Ltd.

18.6. Kalsec Inc.

18.7. Synergy Flavors

18.8. Nutra Green Biotechnology Co., Ltd

18.9. Haldin Natural

18.10. BI Nutraceuticals

19 DISCLAIMER

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