Rising Number Of Spa Visits To Boost The Botanical Extracts Market Growth

Botanical Extracts
Botanical Extracts

Botanical Extracts Market, by Source (Spices, Herbs, Flowers, Tea Leaves), Form (Liquid, Powder), Application (Food, Beverages, Pharmaceutical, Cosmetic & Personal Care) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

The global Botanical Extracts for Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A botanical extract is extracted from the plants. This is slightly varied from the usage of botanical components. Botanical extracts are made by soaking the botanical in a water that's capable to recover specific chemicals or edible parts of the plant to be utilized in a product. Botanical extracts are included to cosmetics such as toners, soaps, creams, emulsions, shampoos, and conditioners.

Competitive Landscape:

Major Key players in the global botanical extracts for market are Jairamdass Khushiram Impex Pvt. Ltd., Green Source Organics, Frutarom, Prinova Group LLC, Acumen Lifesciences, Synergy Flavors, Ransom Natural Ltd, PT. FutureCeuticals, INDESSO AROMA, Blue Sky Botanics Ltd., Arjuna Natural Extracts Ltd., Haldin, Dohler, Nutra Green Biotechnology Co. Ltd., Organic Herb Inc., Fytosan, Nexira, Kalsec Inc., and Synthite Industries Ltd.

Market Key Drivers:

Rising number of spa visits is expected to augment the growth of global Botanical Extracts Market. For instance, the global spa market was valued at US$ 47.5 billion in 2020 and is anticipated to reach US$ 52.9 billion by 2028.

Ginger oil is an essential oil made for skin care which is projected to propel the growth of global botanical extracts for market. For instance, in skincare, ginger oil prevents cellular oxidation and aids decrease redness, decrease skin damage and aging, and reinstate skin color and glow.

Covid-19 Impact Analysis:

The Covid-19 outbreak had an adverse impact on the growth of global botanical extracts for market. The strict imposition of lockdown and the rising surge in cases led to the closure of manufacturing units and other shops. The disruption in supply of raw materials and the halt in the production units impeded the market growth.

Key Takeaways:

The global botanical extracts for market is anticipated to exhibit a CAGR of XX % during the forecast period owing to rising product launches and quick approvals by the regulatory. For instance, in May 2022, Arjuna Natural introduced a post-workout pain killer. The main aim of this is to offer customers with a protective and natural herbal medicine that offers immediate pain relief.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global Botanical Extracts Market due to increasing shift towards healthy products, rising collaborations and partnerships, quick launches of the product and the product expansion by the key players. For instance, in March 2022, Symrise partnered with CRIEPPAM for a bio-regeneration plan for White Lavender. Symrise's collaboration with CRIEPPAM would enhance next cohort of Symrise's White Lavender plants.

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