The Global Botanical Ingredients Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Botanical Ingredients Market
Global Botanical Ingredients Market Drivers: Surging Consumer Health Consciousness Leads to Market Growth
Growing global health consciousness is driving a surge in demand for botanical ingredients. These natural components find applications across various sectors like pharmaceuticals, food, and beverages. Their diverse properties cater to treating various disorders, from skin ailments to hormone regulation and bolstering immunity. Modern consumers increasingly prioritize natural ingredients over synthetic chemicals due to their medicinal advantages, thus amplifying the demand for botanical ingredients.
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Scope of the Report and Botanical Ingredients Market Segmentation
By Source
-Herbs
-Spices
-Flowers
-Leaves & Seeds
-Others
By Form
-Powder/Raw
-Liquid
- Powdered/Raw form acquired the largest share of the Global Botanical Ingredients Market in recent years and is anticipated to prevail in the same trend during the forecast period.
By Extraction
-CO2 Extraction
-Solvent Extraction
-Steam Distillation
-Enfleurage
-Others
By Product
-Emulsifier
-Plant oils
-Plant colorants
-Fragrances
-Resin extracts
-Plant extracts
-Others
By Primary Ingredients
-Fruit & Vegetable extracts
-Drain Extracts
-Herbal Extracts
-Floral Extracts
-Others
By Application
-Food & Beverages
–Bakery & Confectionery
–Sauces & Dressings
–Energy Drinks
–Sports Drinks
–Functional Juices
-Dietary Supplements
-Pharmaceutical and Nutraceutical
-Cosmetics & Personal Care
-Others
By Distribution Channel
-Offline
–Supermarkets/Hypermarkets
–Convenience Stores
–Specialty Bakery/Stores
-Online
Top leading companies in the Botanical Ingredients Market includes:
Archer Daniels Midland Company, AmbePhytoextractsPvt. Ltd., Bell Flavors & Fragrances, Botanical Ingredients Ltd., Blue Sky Botanics, Berje, Inc., Döhler GmbH, Fytosan (Die, France), Givaudan, Green Labs LLC, Haldin Natural, Indesso, International Flavors& Fragrances, Inc., Kalsec Inc and Others
Botanical Ingredients Market Development
- 2023: Neltium signed a partnership with three new global distribution channels to deliver its clinically researched and botanical extracts.
- 2023: Seppic and Botalys entered into a partnership for the new botanical cosmetic ingredients distribution.
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Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Russia, Rest of Europe
Asia-Pacific: India, China, Japan, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, South Africa, Rest of the Middle East & Africa
- Asia-Pacific is anticipated to demonstrate the fastest market growth during the projected period.
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