Market Research Report
Botanical Ingredients Market Size, Share & Trends Analysis Report By Source, By Form, By Application (Food & Beverages, Dietary Supplements, Cosmetic & Personal Care), By Region, And Segment Forecasts, 2020 - 2027
|Published by||Grand View Research, Inc.||Product code||952570|
|Published||Content info||150 Pages
Delivery time: 2-3 business days
|Botanical Ingredients Market Size, Share & Trends Analysis Report By Source, By Form, By Application (Food & Beverages, Dietary Supplements, Cosmetic & Personal Care), By Region, And Segment Forecasts, 2020 - 2027|
|Published: July 1, 2020||Content info: 150 Pages||
Market Growth & Trends
The global botanical ingredients market size is projected to reach USD 225.2 billion by 2027, expanding at a CAGR of 7.0%, according to a new report by Grand View Research, Inc. The growing demand for traditional medicines, functional-based foods and beverages, and premium ingredients expected to augment the market over the forecast period. Rising consumer demand for high-quality products with efficacy, proven safety, consistency, and purity has led manufacturing companies to look for recognized ingredients with clinically proven health benefits and better documentation.
Botanicals are fresh plants or plant parts that are combined or isolated with chemical components, extracted in ethanol, water, other oleoresins, organic solvents, essential oils, and other extracts to be used for flavoring, fragrance, medicines, and functional health benefits. It has been used over a while in a broad variety of ways, including ingredients in beverages such as energy drinks, fortified juices, and sports drinks.
The personal care and cosmetic application segment is expected to witness considerable growth on account of the growing popularity of the fair trade and organic certifications. Additionally, cosmetics producers are continuously looking for natural ingredients with functional properties, which further they can utilize in their formulations, such as plant-based extract.
The market is highly competitive in terms of increased interest in new ingredients and product innovation. There is a global trend towards the acquisition of small botanical companies by enormous personal care, pharmaceutical, food, and household product companies. Remaining small enterprises in the division tend to fill niches that might include fair trade and sustainable