Botanical Extracts Market - Forecast(2020 - 2025)

Report Code: FBR 14612 Report Format: PDF + Excel (Delivery in 48 Hrs)
Botanical Extracts Market Overview
Botanical Extracts Market size is $4.7Bn in 2019, growing at a CAGR of 9.6% during the forecast period 2020-2025. Botanicals are plants that contain extracts, which are isolated and extracted in ethanol, water, other organic solvents, essential oils, oleoresins and other extracts to be used for fragrance, flavoring, functional health benefits, and medicine. These are concentrated plant materials providing therapeutic properties, which have been extracted through a variety of methods, including steam distillation, solvent extraction and others. It brings an authentic taste as it is derived directly from plants, usually from the leaves, flowers or fruits. Some botanical extracts are made through the use of frozen raw materials while others use dried materials, the original state can change the flavor concentration. These are used as flavoring agent in fats, oils, food emulsions and others producing a synergizing effect when mixed with other natural food preservatives. The growing demand for healthy nutritional foods is driving the botanical extracts market.

Report Coverage
The report: “Botanical Extracts Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Botanical Extracts Market. 
By Source: Spices, Herbs, Flowers, Tea Leaves and Others.
By Application: Food - Bakery & Confectionery and Sauces & Dressings, Beverages - Alcoholic Beverages, Carbonated Soft Drinks and Ice Tea Flavored Dairy Products, Cosmetics & Personal Care and Pharmaceuticals.
By Form: Liquid and Powder.
By Geography: North America, Europe, Asia-Pacific and Rest of the World.

Key Takeaways
  • Rising consumer awareness regarding the usage of cosmetics products containing botanical ingredient is set to propel the growth of the market. 
  • Increasing health awareness among consumers is steadily causing a shift towards safer, convenient, healthy and refreshing beverages.
  • Asia-Pacific region is estimated to record the fastest growth rate during the forecast period 2020-2025.

By Application - Segment Analysis
In 2019, Beverages segment dominated the Botanical Extracts Market in terms of revenue is estimated to grow at a CAGR of 7.9%. Botanical extracts offers health benefits through plant extracts that are used in beverages to provide general health and wellness. Botanicals have a complex taste profile which can be astringent, sweet, or slightly bitter, with long-lasting effects. These flavors enable beverage producers and developers to lower sugar content to below 7g/100ml owing towards consumer preference of lesser sweet beverages. In beverages, the most popular botanical profiles include floral, herbs and spices as well as specific botanical ingredients including cinnamon, lemongrass, hibiscus, ginger and mint that improve the nutritive value of these products while not compromising or enhancing the flavor profile abetting towards the growth of the market. 

Geography - Segment Analysis
In 2019, the North America region dominated Botanical Extracts Market in terms of revenue with a market share of 41.6% owing towards the increasing use of botanical extracts in food and beverages sector. U.S. Department of Agriculture’s National Organic Program (USDA NOP) is the federal regulatory framework in North America governing organic food. Carrubba was the first U.S. botanical extract manufacturer to have been certified by this regulatory body and is a global leader in the personal care arena generating revenue of $19.2m. The increasing consumer awareness in this region regarding the benefits of consumption of products that includes naturel plant derived extracts, huge availability of aromatic medicinal plants aids to the market’s growth. Government has taken initiatives to promote technological advancements in this region are key factors in the growth of the Botanical Extracts market. Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025. 

Drivers – Botanical Extracts Market
  • Increasing Transparency On Product Labels
The increasing consumer preference towards natural, authentic ingredients, reassuring lists of ingredients on the product label and a better understand of what they consume is driving the markets growth. Increase in the number of health-conscious consumers also drive the market owing towards clean label products, which are becoming mandatory across the globe and thus compelling food manufacturers to develop products including botanical extracts with new formulations to satisfy to the rising consumer demand for healthier food products.

Challenges – Botanical Extracts Market
  • Measuring Chemical Stability In Pharmaceutical Industry
The quality control of drug preparations is the evaluation of the chemical stability of a finished product during the storage period and the accurate measurement of chemical stability is very challenging owing to the complexity of a plant extract, which is set to contain thousands of different compounds which is further providing negative impact towards the market growth. The high capital investments for equipment and strict regulations for the consumer safety also hamper the growth of the market. The lack of sufficient storage facilities and improper distribution and limited cold storage and transportation are also hindering the market’s growth.

Botanical Extracts Industry Outlook 
Product Launches was the key strategy of the players in the Botanical Extracts Industry. Botanical Extracts top 10 companies include BI Nutraceuticals, Blue Sky Botanics Ltd., Dohler GmbH, Frutarom Industries Ltd., Haldin Natural, Kalsec Inc., Kuber Impex Ltd., Mb-Holding GmbH & Co. Kg, Prinova Group LLC. and Indesso Aroma.

Acquisitions/Product Launches
  • In December 2015, Indesso Aroma entered into a partnership with Chr. Hansen, a global bio-science company based in Horslom, Denmark that develops natural solutions for the food, nutritional, pharmaceutical and agricultural industries. The partnership is anticipated for the growing demand of the products within Indonesian market.
  • In October 2018, Dohler GmbH acquired a majority stake in Italian firm Nutrafood. This acquisition helped in increasing consumer demands for organic and chemical free products.
1. Botanical Extracts Market Overview
    1.1 Definitions and Scope
2. Botanical Extracts Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends 
    2.2 Key trends by Application
    2.3 Key trends by Source
    2.4 Key rends by Geography
3. Botanical Extracts Market 
    3.1 Market Share Analysis
    3.2 Comparative Analysis
        3.2.1 Product Benchmarking – Key Companies
        3.2.2 Patent Analysis
        3.2.3 Pricing Analysis
        3.2.4 Financial Analysis– Key Companies
4. Botanical Extracts Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Botanical Extracts Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Botanical Extracts Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. Botanical Extracts Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Botanical Extracts Market – By Source (Market Size –$Million/$Billion)
    8.1 Spices
    8.2 Herbs
    8.3 Flowers
    8.4 Tea Leaves
    8.5 Others
9. Botanical Extracts Market – By Application (Market Size –$Million/$Billion)
    9.1 Food
        9.1.1 Bakery & Confectionery
        9.1.2 Sauces & Dressings
    9.2 Beverages
        9.2.1 Alcoholic Beverages
        9.2.2 Carbonated Soft Drinks
        9.2.3 Ice Tea
        9.2.4 Flavored Dairy Products
    9.3 Cosmetics & Personal Care
    9.4 Pharmaceuticals
10. Botanical Extracts Market – By Form (Market Size –$Million/$Billion)
    10.1 Liquid
    10.2 Powder
11. Botanical Extracts Market - By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Botanical Extracts Market - Entropy
13. Botanical Extracts Market – Industry/Segment Competition Landscape   Premium 
    13.1 Market Share Analysis
        13.1.1 Market Share by Region – Key companies
        13.1.2 Market Share by Countries – Key Companies
        13.1.3 Best Practices for Companies
14. Botanical Extracts Market – Key Company List by Country Premium Premium
15. Botanical Extracts Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

List of Tables

1 US Botanical Extracts Market Size 2018
2 Canada Botanical Extracts Market Share 2018
3 Brazil Botanical Extracts Market Outlook 2019 - 2023
4 Mexico Botanical Extracts Market Research 2018
5 Germany Botanical Extracts Market Trends 2019 - 2023 
6 France Botanical Extracts Market Growth 2019 - 2023 
7 UK Botanical Extracts Market Demand 2019 - 2023 
8 Italy Botanical Extracts Market Segmentation 2018
9 Russia Botanical Extracts Market Analysis 2019 - 2023
10 China Botanical Extracts Market Revenue 2019 - 2023
11 Japan Botanical Extracts Market Volume 2019 - 2023
12 South Korea Botanical Extracts Market Potential 2019 - 2023
13 India Botanical Extracts Market Leaders 2018
14 Saudi Arabia Botanical Extracts Market Forecast 2019 - 2023 
15 Kuwait Botanical Extracts Market Value 2018

List of Figures

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