Botanical Extracts Market: In-depth Analysis of Frutarom Industries Ltd., Blue Sky Botanics Ltd., Nutra Green Biotechnology Co. Ltd and More Top Players
Botanical Extracts Market |
Botanical extracts are herbal extracts derived from various plants. These are completely natural and come in powdered form. It is a key component in cosmetics and skincare products. These herbal extracts are prepared cold to avoid the potential damage caused by heat processing, which reduces the product's effectiveness. Green tea, chamomile, cucumber peel, olive leaf, sunflower, and many other botanical excerpts are commercially available.
Moreover, the availability
of substitutes such as synthetic flavor is expected to limit the market's
growth to some extent. Furthermore, the limited supply of raw materials and the
fluctuating price of extracts are impeding the growth of botanical extracts.
The growing global awareness of the negative effects of synthetic flavors is
driving the demand for botanical extracts. Furthermore, the growing clean label
trend in food and beverage markets is expected to have a significant impact on
the botanical
extracts market. Furthermore, rising consumer demand for healthy and
natural ingredients in developed countries is expected to have a significant
impact on the botanical market. The increased demand for tertiary processed
foods is expected to create untapped opportunities for market participants.
Botanical excerpts are any
drugs or pesticides that are made or extracted from plant parts. Demand for
botanical excerpt is increasing steadily, particularly in the pharmaceutical
and cosmetic industries. The growing awareness of the side effects of
allopathic medicines, as well as the therapeutic effects and medicinal benefits
of herbal products, is driving the growth of the global market. The long shelf life
of botanical extracts, combined with their rapid reaction, has increased the
demand for botanical extracts in the pharmaceutical industry.
During the forecast
period, the functional food segment and self-medication are expected to drive
the global botanical market. Functional food products in North America are
classified as generally recognized as safe under the Canadian Foods and Drugs
Act (GRAS). The addition of natural, healthy, and aromatic ingredients to tea
is a key market trend, which necessitates the use of more botanical excerpts in
this sector. Significant demand for organic and fair trade ingredients is
propelling the global botanical excerpt market forward. Furthermore,
significant investments in the food and beverage industries to develop new
aromas and flavors using spice and plant extracts are expected to fuel growth.
The key players in the
global botanical extracts market are Frutarom Industries Ltd., Blue Sky
Botanics Ltd., Kuber Impex Ltd., Ransom Naturals Ltd., Döhler GmbH, Haldin Pacific
Semesta, PT, Pt. Indesso Aroma, Nutra Green Biotechnology Co. Ltd., Synergy
Flavors, Inc., BI Nutraceuticals, Synthite Industries Ltd., Prinova Group LLC., Kalsec Inc., and
Mb-Holding GmbH & Co. Kg.
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