Botanical Extracts Market Projected Growth Rate Through 2023-2032

The Botanical Extracts Global Market Report 2023, provides comprehensive information on the botanical extracts market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

 

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As per The Business Research Company’s Botanical Extracts Global Market Report 2023, the global botanical extracts market size is expected to grow from $5.99 billion in 2022 to $6.54 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global botanical extracts market is expected to reach $9.37 billion in 2027 at a CAGR of 9.4%.

 

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Product Innovation is a key trend gaining popularity in the botanical extracts market. Major companies operating in the market are developing extracts with increased bioavailability. For instance, in September 2022, Layn Natural Ingredients, a China-based manufacturing company that provides innovative natural and functional botanical extract ingredients, launched bio+Quercitrin, which is a highly bioavailable form of Quercetin for nutraceutical use. Bio+Quercitrin is distinguished by the fact that it is a potent antioxidant flavonoid that scavenges free radicals and decreases oxidative stress. Since it has a ribose molecule connected to it, Layn's bio+Quercetin is six times more absorbable and permeable in the small intestine than conventional Quercetin. In addition to replacing regular Quercetin, Layn bio+Quercitrin is a stable, soluble, and bioavailable form that works well as a stand-alone supplement or in formulas for human and pet health.

 

The botanical extracts market is segmented:

1) By Technology: CO2 Extraction, Solvent Extraction, Steam Distillation, Enfleurage, Other Technologies

2) By Source: Spices, Herbs, Flowers, Leaves, Other Sources

3) By Form: Liquid, Powder, Semi-Solid

4) By Application: Food and Beverages, Pharmaceutical and Nutraceutical, Cosmetics

 

North America was the largest region in the botanical extracts market in 2022.

 

The table of contents in TBRC’s botanical extracts market report includes:

1. Executive Summary

2. Botanical Extracts Market Characteristics

3. Botanical Extracts Market Trends And Strategies

4. Botanical Extracts Market - Macro Economic Scenario

5. Botanical Extracts Market Size And Growth

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27. Botanical Extracts Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Botanical Extracts Market

29. Botanical Extracts Market Future Outlook and Potential Analysis

30. Appendix

 

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