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Pulished Date July, 2020
ID: 9909
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Botanical Ingredients Market by Source (Fruits, Herbs, Spices, Flowers, Others), By Form (Powder, Liquid, Others), By Application (Cosmetic & Personal Care, Dietary Supplements, Food & Beverages), and Region – Global Industry Analysis Size, Growth, Trends, Value, and Volume Forecast Report 2020-2025

Pulished: July, 2020
ID: 9909
Pages: 140

Botanical Ingredients Market Research Analysis 2020-2025:

Botanical Ingredients Market was expected at USD 131.5 billion in 2019. The market is estimated to experience a reasonable growth rate (CAGR) of 6.9% throughout the outlook period (2020-2025).

A botanical ingredient is an essential part of a cosmetic product that is mainly extracted from plants. Specific ingredients resulting from biological sources are categorized as per their chemical structure and how they are isolated from plants.

Recent Developments:

  1. In January 2015, Frutarom Industries Ltd., one of the 10 largest global companies in the field of fine specialty flavors and ingredients, continues its drive for acquisitions and the implementation of its rapid and profitable growth strategy: the company announced the signing of an agreement to buy Vitiva shares from Slovenia for a cash payment of approximately US $ 10 million.
  2. Lubrizol Corporation that is based in Wickliffe has completed the purchase of Laboratoire Phenobio, a French provider of natural extracts and other active ingredients.
  3. Health Sciences Group, Inc., an integrated provider of innovative products and services to the nutraceutical, pharmaceutical and cosmeceutical industries, announced that it has completed the acquisition of virtually all of the assets and businesses of Quality Botanical Ingredients, Inc.

Market Drivers and Restraints:

The growing trends for proprietary labels in the pharmaceutical and food and beverage industries, along with growing consumer awareness of health and safety, are expected to have a positive impact on the global Botanical Ingredients market. Botanicals Consumers persist in pushing the boundaries of clean label products driven by the current health and wellness trend and in the fight for authenticity in food and beverage products. Authentic consumption has not only become a major trend in food and beverages, but has also brought the buying behavior of buyers to an advanced level. Consumers are looking for natural, non-artificial ingredients that constantly strengthen the clean label on the Botanical Ingredients market. Products like ginseng, echinacea, ginkgo biloba, and garlic are considered the best-selling botanicals in the US Ginkgo biloba have become popular in the US as a natural remedy for it. Ginseng, on the other hand, is used in the wide variety and is well known for its high content of phenolic compounds, ginsenosides, and saponins, such as carotenoids and carbohydrates. Therefore, with the immense medical benefits, the botanical ingredient market is expected to witness significant growth during the forecast period.

Market Segmentation:

The spice segment accounted for the largest market share of 28.5% in 2019 and is expected to experience a substantial gain during the forecast period due to lifestyle changes coupled with an increase in the trend of experimenting with novel foods that have led to growth in popularity spices. It is important that producers of spice extracts develop a new range of flavors by altering consumer preferences. Spices are mainly used among other sources of botanical ingredients.

Botanical ingredients are obtained through the solvent extraction process of these raw materials. They are herbal and can exist in a liquid, solid, and semi-solid state. These ingredients are fueling a high demand for cosmetic production to improve their quality. Also, the elements are also gaining ground in the processed food and beverage production industry to increase their nutritional value. This is attributed to its intensive use in various applications, such as bakery and confectionery, sauces and dressings, meat, soy, dairy products, dietary supplements, and medications. There is a growing demand to improve different approaches to control plant diseases.

Botanical plants extracted in powder form were widely used by ancient civilizations to develop palatability for food and beverages, as well as for their conservation characteristics. Due to its high shelf life and convenience, the segment is likely to have a positive impact on the botanical ingredient market in primary personal care and skin care products. The agri-food applications segment had the highest market share of 34.7% in 2019. The segment is expected to experience substantial growth due to the sharp increase in demand for ready-to-eat food, leading to an increase in the manufacturing sector, particularly in emerging countries like India, China and Brazil. Botanical ingredients in functional foods used in various applications such as bakery and grains, soy products, dairy products, meat, fish and eggs, as well as fats and oils. Also, with further technological advancement, these products are expected to be used in many niche applications.

Impact of COVID-19 on Botanical Ingredients Market:

The growth of the botanical ingredients market is expected to be hampered by the current COVID-19 pandemic, which has relentlessly affected global trade and production. The sharp reduction in trade has made it difficult for producers to sell their products in distinguished countries such as the United States, Canada, India and Germany. However, due to the spread of this pandemic, consumers have become more cautious and aware of the use of food and skin care products made from synthetic chemicals and are moving towards products made from juice plants based on natural dyes because they offer better and lasting protection against viruses and bacteria.

Regional Analysis:

The global Botanical Ingredients market has been divided based on geography to offer a clear understanding and has been studied in the regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. North America accounted for the largest share with 35.8% in 2019 in terms of revenue and is expected to experience increased demand during the outlook period due to the increasing use of low-quality products in calories and high nutritional content. Additionally, increasing awareness of the consumption of healthy food products in Mexico due to the launch of new products is expected to promote outreach during the forecast period. Increasing awareness of nutritional fortification among professionals working in the United States and Canada to maintain a balanced diet in the human body is expected to fuel consumption of dietary supplements in the next eight years. Additionally, high rates of herbal drug adoption among people located in the United States and Canada, due to growing concerns about the dangerous effects associated with conventional pharmaceutical drugs, are expected to increase the size of the market over the course of the year forecast period.

The Asia-Pacific is expected to grow with the fastest growth during the forecast period. Favorable government policies in agricultural trade to stimulate food and attract investment in the botanical ingredient market have created full potential for growth in the region. Countries such as China, India, South Korea, Japan and Taiwan depend to some extent on agriculture for economic growth, as the sector contributes significantly to its GDP. Europe has been a key pharmaceutical region worldwide due to the presence of pharmaceutical giants such as Bayer AG and Novartis. The research-based pharmaceutical industry in the region has led to new developments and product launches, which is considered the main driver of the pharmaceutical industry in the region.

Leading Company

PT. INDESSO AROMA had the prominent share of the Botanical Ingredients Market in terms of sales and revenue in 2020.

Key Players

  1. Saba Botanical
  2. PT. INDESSO AROMA
  3. BERJÉ INC
  4. Ambe Phytoextracts Pvt Ltd
  5. The Green Labs LLC
  6. New Directions Aromatics Inc.
  7. Rutland Biodynamics

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods   

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Botanical Ingredients Market, By Form                          

                                6.1.1 Powder    

                                6.1.2 Liquid        

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)  

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Botanical Ingredients Market, By Application                              

                                6.2.1 Cosmetic & Personal Care

                                6.2.2 Dietary Supplements          

                                6.2.3 Food & Beverages

                                6.2.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.5 Y-o-Y Growth Rate Analysis             

                                6.2.6 Market Attractiveness Index          

                6.3 Botanical Ingredients Market, By Source                       

                                6.3.1 Fruits         

                                6.3.2 Herbs        

                                6.3.3 Seeds        

                                6.3.4 Flowers    

                                6.3.5 Spices        

                                6.3.6 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.7 Y-o-Y Growth Rate Analysis             

                                6.3.8 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region   

                7.2 North America - Market Analysis (2018 - 2024)   

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Form    

                                7.2.3 By Application        

                                7.2.4 By Source

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Form    

                                7.3.3 By Application        

                                7.3.4 By Source

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Form    

                                7.4.3 By Application        

                                7.4.4 By Source

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Form    

                                7.5.3 By Application        

                                7.5.4 By Source

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Form    

                                7.6.3 By Application        

                                7.6.4 By Source

8. Key Player Analysis                                    

                8.1 Saba Botanical                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 PT. INDESSO AROMA                             

                8.3 BERJÉ INC                    

                8.4 Ambe Phytoextracts Pvt Ltd               

                8.5 The Green Labs LLC                 

                8.6 New Directions Aromatics Inc                             

                8.7 Rutland Biodynamics                              

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by Type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Botanical Ingredients Market By Region, From 2020-2025 ( USD Billion )
  2. Global Botanical Ingredients Market By Form, From 2020-2025 ( USD Billion )
  3. Global Powder Market By Region, From 2020-2025 ( USD Billion )
  4. Global Liquid Market By Region, From 2020-2025 ( USD Billion )
  5. Global Botanical Ingredients Market By Application, From 2020-2025 ( USD Billion )
  6. Global Cosmetic & Personal Care Market By Region, From 2020-2025 ( USD Billion )
  7. Global Dietary Supplements Market By Region, From 2020-2025 ( USD Billion )
  8. Global Food & Beverages Market By Region, From 2020-2025 ( USD Billion )
  9. Global Botanical Ingredients Market By Source, From 2020-2025 ( USD Billion )
  10. Global Fruits Market By Region, From 2020-2025 ( USD Billion )
  11. Global Herbs Market By Region, From 2020-2025 ( USD Billion )
  12. Global Seeds Market By Region, From 2020-2025 ( USD Billion )
  13. Global Flowers Market By Region, From 2020-2025 ( USD Billion )
  14. Global Spices Market By Region, From 2020-2025 ( USD Billion )

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