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, particularly in the Food and Beverage (F&B) industry. This expansion is primarily attributed to the rising health and wellness consciousness, consumer preference for natural products, and increasing awareness of the nutritional benefits of botanicals in developing countries. In addition, botanical extracts are increasingly utilized as food ingredients and in beverage production, notably in wine and beer manufacturing. China and India are leading markets for botanical extracts, with increasing production capacities. Furthermore, the demand for new beer flavors and brewing enzymes is projected to surge over the next decade, driving 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
• Source
  • Herbs
  • Spices
  • Fruits
  • Flowers
• Distribution Channel
  • Direct Sales
  • Distributors
  • Online Retail
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
    • Brazil
    • Argentina
  • Middle East and Africa
    • Egypt

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 plant-based ingredients, including botanical ingredients and medicinal herbs, used in herbal supplements and topical applications. Synergistic effects are achieved through various dosage forms, driving clinical research and quality assurance. Supply chain management, ethical sourcing, and environmental impact are key considerations. Consumer perception, brand building, product positioning, and customer loyalty are essential for market penetration. Industry trends and future outlook reflect the growing demand for natural, effective, and sustainable solutions.

Market Research Overview

In the realm of global business, the market for Botanical Extracts holds significant value within the Household and Personal Care Products industry. This sector encompasses companies involved in the research and development (R&D) and manufacturing of various personal and beauty care products, such as cosmetics, perfumes, masks, sex toys, hair wigs and extensions, and polarized sunglasses, among others. According to market analysis by Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Factors fueling the expansion of this market include the increasing disposable income, which positively influences discretionary spending, thereby increasing demand for premium and lifestyle-related products, including those containing herbal, plant, natural, and standardized extracts rich in bioactive compounds.. 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/