Global Botanical Ingredients Market to Grow at 5.5% CAGR by 2030 | MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Botanical Ingredients Market, The Global Botanical Ingredients Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Botanical Ingredients Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

• Forecast Period: 2024-2030
• CAGR (2024-2030): 5.5%

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Global Botanical Ingredients Market Segmentation Breakdown:

The Botanical Ingredients Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• 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

Food & Beverages are anticipated to dominate the Global Botanical Ingredients Market with the largest share during the forecast period.

• By Distribution Channel
  • Offline
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Specialty Bakery/Stores
  • Online

Geographical Growth Insights:

• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Asia-Pacific is anticipated to demonstrate the fastest market growth during the projected period.

MarkNtel Advisors Highlights Key Market Drivers for Botanical Ingredients Market:

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.

A Comprehensive Analysis of Leading Companies in Global Botanical Ingredients Market

• 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.
• Koninklijke Euroma BV
• Lipoid Kosmetic AG
• Martin Bauer Group
• Nexira
• Nutrasorb, LLC
• Prakruti Products Pvt. Ltd.
• Rutland Biodynamics Ltd.
• Synthite Industries
• Synergy Flavors
• The Herbarie at Stoney Hill Farm, Inc.
• Umalaxmi Organics Pvt. Ltd
• Others

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Botanical Ingredients Industry Recent Developments

• 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.

What are the growth Opportunity driving the Global Botanical Ingredients Market?

Increasing Urbanization & Improved Living Standards Provide an Opportunity For the Industry – The adoption of botanical ingredients is anticipated to grow significantly over the projected years due to the instigation of urbanization and consumers’ increased buying power. As consumers are becoming more aware & more interested in natural ingredients due to their benefits, they are driving the growth of the Global Botanical Ingredients Market. The population of urban areas possesses a busy lifestyle and high disposable incomes, which aid health consciousness.

These days, people are worried about their health, which results in the increasing adoption of botanical ingredients in their daily lives. These natural components are eco-friendly and have a good impact on the consumer’s health. These botanical ingredients are also helpful in reducing stress, anxiety, and hormonal maintenance. Due to possessing no side effects & having health benefits, the demand & adoption of botanical is surging globally, leading to the Global Botanical Ingredients Market expansion.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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