PUNE, India, January 30, 2023 (GLOBE NEWSWIRE) — The global Botanical Extracts Market The size is projected to reach US$9.62 billion by 2028 and show a CAGR of 9.6% over the forecast period. Increasing awareness of the health benefits of herbal products and growing demand for convenience food products are likely to be the key factors behind the growth of the market. Insights into the Fortune businessTM has titled this information in his report “Botanical Extracts Market, 2021-2028”. The market size was USD 4.65 billion in 2020 and USD 5.05 billion in 2021.
Moreover, rising demand for clean label foods owing to growing consumer health awareness is predicted as a key trend boosting the market growth.
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List of major market players:
- International Flavors and Fragrances (New York, USA)
- Kalsec Inc. (Michigan, USA)
- Doehler GmbH (Darmstadt, Germany)
- Nexira (New Jersey, USA)
- Haldin Natural (Jakarta, Indonesia)
- Synthite Industries (Kochi, India)
- MB-Holding GmbH & Co. KG (Bavaria, Germany)
- Synergy Flavors (Illinois, USA)
- Blue Sky Botanics (Ross on Wye, UK)
- Fytosan (Die, France)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2021-2028 |
| Forecast CAGR | 9.6% |
| Value prognosis 2028 | $9.62 billion |
| base year | 2020 |
| sorbitol market greatness in 2020 | $4.65 billion |
| Historical data | 2017-2019 |
| number of pages | 156 |
| Covered Segments | By source, technology, application, geography |
| sorbitol market growth accelerator | Expanding demand for dietary supplements to bolster market growth |
segments
Source, technology, application and region are examined
On the basis of origin, the market is segmented into Spices, Herbs, Flowers, Leaves and Others. On the basis of technology, the market is segmented into Enfleurage, Steam Distillation, Solvent Extraction, CO2 extraction and others. Based on…
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