In
the recent past years there has been a rapid shift from synthetic
products towards more natural and organic products as growing number
of consumers seek products that are safe and effective. Botanical
extract can be derived from a number of plants or botanical source
and is defined as a complex, multi component mixture consisting of a
bioactive compound obtained by solvent extraction technique. In other
words, botanical extracts are herbal products ingredient and are
present in dry, liquid or semi-solid form. Botanical extracts are
used in widespread applications across food and beverages industry
and cosmetic industry.
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Botanical
Extract Market Segmentation:
The
botanical extract market is segmented into, source, area of
application and form. By source, the global botanical extract market
is segmented into, herbs, roots, flowers, fruits, leaves and seeds.
By area of application the global botanical extract market is
segmented into, food and beverages industry, and cosmetic industry.
The food and beverages application segment is further sub segmented
in to, bakery and confectionary, sauces and condiments, dairy
products, snacks, alcoholic beverages, nonalcoholic beverages and
others. The beverages segment is expected to depict maximum growth
rate among other segment over the forecast periods. In cosmetic
industry the botanical extracts are used in skin rejuvenation and
regeneration products, age defying products and others. Increasing
consumer concern towards the usage of cosmetics products containing
natural and botanical ingredient is expected to support cosmetics
segment growth in botanical extract market during the forecast
period. By form the botanical extract market is segmented into,
liquid, powder, semi-solid. Liquid botanical extracts are expected to
account for significant revenues in the global botanical extract
market.
Botanical
Extract Market Regional Outlook:
On
the basis of region the global botanical extract market is segmented
into, North America, Latin America, Western Europe, Eastern Europe,
Asia Pacific excluding Japan, Japan and Middle East and Africa.
North America and Western Europe are expected to account for
significant revenue shares in the global botanical extract market
over the forecast period. While Asia Pacific is expected to represent
substantial growth for botanical extract market during the forecast
period. Increasing consumer awareness regarding the benefits of
consumption of products that includes naturel plant derived extracts,
without compromising on the flavor and taste is expected to help
expand the market size of botanical extracts market over the forecast
period.
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Botanical
Extract Market Drivers and Trends
Growing
demand for convenience food products, shift towards organic and clean
label products and increasing awareness with respect to side effects
of synthetic products is expected to fuel the growth of botanical
extract market over the forecast period. Increasing number of
manufacturers across the food and cosmetic industry are replacing the
ingredients that consumers perceive to be synthetic. In addition
consumers are also shifting their preferences for healthy and natural
ingredients which is further expected to support the botanical
extract market during the forecast period. This is an important step
towards focusing on right balance between health and taste.
Increasing acceptance of international cuisines is also one of the
factors leading to growing market of botanical extracts in terms of
value.
Botanical
Extract Market Key Players:
Some
of the key players offering botanical extract include; Frutarom Ltd,
Döhler GmbH, Bell Flavors & Fragrances, New Directions Aromatics
Inc., PT. INDESSO AROMA, The Herbarie at Stoney Hill Farm, Inc.,
Lipoid Kosmetik AG, Kalsec Inc. and others.
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