Botanical Extracts Market 2020 – Global Industry Market Report 2027
Market Overview Global Botanical Extracts Market is projected to be valued at USD 25,151.7 Million by 2025, expanding at a CAGR of 5.45% during the forecast period. Botanical extracts are available in powder and liquid form, and their use is increasing in food and beverage processing, especially functional beverages. The growth of the global botanical extracts market is driven by increasing use in personal care applications along with health benefits offered by botanical extracts. However, the limited availability of botanical extracts is hampering the growth of the market. The increasing demand for organic ingredients is expected to offer lucrative opportunities to market players in the coming years. North America constituted a dominant share of the botanical extracts market in 2018, owing to the increasing demand for dietary supplements. The US, followed by Canada, are lucrative markets for manufacturers in the region. The rising demand for herbal medicinal products and