Latest News- Botanical Extracts Market: F and B is expected to lead the Application segment during 2025-2029

The Botanical Extracts Market is being driven by Rising prevalence of chronic diseases driving demand for alternative drug sources

The Botanical Extracts Market is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17312.1 million. The global botanical extracts market is experiencing significant growth in the Food and Beverage (F&B) sector, driven by consumer preferences for natural health and wellness products. This trend is particularly prominent in developing countries, where the benefits of botanicals as food ingredients are increasingly recognized. In addition, botanical extracts are utilized in beverage manufacturing, notably in the production of wine and beer. The botanical extracts industry is expanding, with increased production capacities in key markets such as China and India. Moreover, the demand for new beer flavors and brewing enzymes is projected to surge over the next decade, further boosting the use of botanical extracts as functional beer additives. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • F and B
  • Nutraceuticals
  • Cosmetics
• Type
  • Powder
  • Liquid
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising prevalence of chronic diseases driving demand for alternative drug sources
• Growing awareness of benefits of natural cosmetics
• Increasing demand for clean-label products

However, the market also witnesses some limitations, which are as follows:

• High initial cost associated with herbs and spices
• Availability of counterfeit products
• Inherent challenges

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Market Scope in Botanical Extracts Market Research Report

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Research Analysis Overview

The Botanical Extracts Market encompasses various applications, including Botanical Drug Discovery, Phytotherapeutic Agents, Herbal Supplements, Botanical Cosmetics, and Natural Food Additives. Synergistic effects of Standardized Extracts are explored through Green Chemistry, Plant Cell Culture, Metabolic Engineering, and Genetically Modified Plants. Sustainable and eco-friendly extraction methods are emphasized, promoting Circular Economy. Consumer perception, driven by health consciousness, holistic health, and natural remedies, fuels demand for alternative and integrative medicine. Personalized and precision medicine require Herbal Safety, Toxicity Studies, Botanical Toxicology, and Clinical Pharmacology. Intellectual Property, Customer Targeting, Marketing Strategies, Brand Development, Product Differentiation, Value Proposition, and Competitive Advantage are essential for market success. Drug Interactions and Herbal Safety are critical considerations to ensure effective and safe use.

Market Research Overview

The global market for Botanical Extracts, specifically Herbal Extracts, Plant Extracts, and Natural Extracts, plays a significant role in the household and personal care products industry. This sector encompasses businesses involved in the research and development (R&D) and manufacturing of personal and beauty care products, such as cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses. The market size is determined by the collective revenue generated by these manufacturers. Factors driving growth in this market include the increasing disposable income, leading to increased expenditure on luxury and lifestyle-related products, and the rising demand for bioactive ingredients and active compounds derived from medicinal plants.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/