The botanical extract market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.6% in the forecast period of 2021 to 2028 and is expected to reach USD 24,179.15 million by 2028. The recent trend indicates that the demand for botanical extracts in the food and beverage, pharmaceutical, and cosmetics & personal care industries continues to increase. One of the factors driving the growth of the botanical extracts market is increasing health awareness among consumers. Increasing the application of various botanical extracts such as spice & herb extracts in combination with other ingredients in various food products to enhance the flavor is another factor expected to drive the global botanical extracts market in the coming years.
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Global botanical extract market, By Type (Spice Extracts, Herb Extracts, Flower Extracts, Tea Extracts, Fruit Extracts, and Marine Plant Extracts), Form (Powder, Liquid, and Leaf Extracts), Product Type (Organic and Conventional), Application (Food Products, Sports Nutrition, Beverages, Pharmaceutical, Nutraceutical, Personal Care & Cosmetics, Aromatherapy, Animal Feed, and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Russia, Poland, Turkey, Sweden, Denmark, Rest of Europe, Japan, China, Australia, South Korea, India, Malaysia, Thailand, Indonesia, Vietnam, Singapore, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, UAE, Kuwait, Qatar, Oman and Rest of the Middle East and Africa, Brazil, Argentina And Rest Of South America) Industry Trends and Forecast To 2028
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Global botanical extract market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Botanical Extract market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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