NEW YORK, June 26, 2017 /PRNewswire/ --
Highlights
· The botanical
extracts market is projected to grow at a significant rate
· The botanical
extracts market is projected to grow at a CAGR of 9.0% from 2017,
to reach USD 6.03 billion by
2022.
· The demand for
botanical extracts is projected to be on the rise, owing to
increase in demand for convenience food, rise in demand for clean
label trend across food & beverage industry, and growth in
awareness about the side effects of synthetic flavors among
consumers.
· Increase in
acceptance of international cuisines is another significant driver
for the global botanical extracts market. However, the availability
of substitute products in the form of synthetic flavors is the main
restraint to the market.
· The beverage
application is projected to be the faster-growing in the botanical
extracts market
· The beverage
segment is projected to grow at a higher rate between 2017 and
2022, in terms of both volume and value, among all other
applications.
"The botanical extracts market is projected to grow at a
significant rate"
The botanical extracts market is projected to grow at a CAGR of
9.0% from 2017, to reach USD 6.03
billion by 2022. The demand for botanical extracts is
projected to be on the rise, owing to increase in demand for
convenience food, rise in demand for clean label trend across food
& beverage industry, and growth in awareness about the side
effects of synthetic flavors among consumers. Increase in
acceptance of international cuisines is another significant driver
for the global botanical extracts market. However, the availability
of substitute products in the form of synthetic flavors is the main
restraint to the market.
"The beverage application is projected to be the faster-growing
in the botanical extracts market"
The beverage segment is projected to grow at a higher rate between
2017 and 2022, in terms of both volume and value, among all other
applications. Manufacturers are replacing ingredients that
consumers perceive to be "artificial", "unhealthy", or "processed"
with the clean label trend progressively becoming the new standard
for many soft drink creators. There has been a significant change
in trend among consumers, who have begun focusing on the right
balance between health and taste. Extracts are used for flavoring,
as consumers are seeking reduced sugar content in beverages without
compromising on taste.
"Europe is estimated to be the
fastest-growing region in the market"
Europe is estimated to be the
fastest-growing region, in terms of both value and volume, in the
global botanical extracts market, in 2017. It comprises developed
economies such as Germany,
France, the U.K., and some
countries, which include Spain,
Italy, Poland, Russia, and Sweden, which are the fastest-growing markets
for botanical extracts in the region. Some of the major players in
the region includes Döhler GmbH (Germany) and Ransom Naturals (U.K.). Ransom
Naturals' product offerings are in line with the U.K.'s food &
beverage trend. North America will
be the largest market for botanical extracts in the forecasted
period.
Break-up of primaries:
- By Company Type: Tier 1 – 55 %, Tier 2 – 20%, and Tier 3 –
25%
- By Designation: C level – 65%, Directors – 10%, and Manager Level
– 25%
- By Region: North America - 25%,
Europe – 25%, Asia-Pacific – 30%, and RoW – 20%
Research Coverage
The botanical extracts market has been segmented on the basis of
source, application, form, and region. In terms of insights, this
research report has focused on various levels of analyses—industry
analysis, market share analysis of top players, and company
profiles, which together comprise and discuss the basic views on
the competitive landscape, emerging & high-growth segments of
the global botanical extracts market, high-growth regions,
countries, and their respective regulatory policies, government
initiatives, drivers, restraints, opportunities, and
challenges.
Reasons to buy this report:
• To get an overview of the global botanical extracts market
• To get an overview of the key players of the botanical extracts
industry and product portfolios & key strategies adopted by key
players to gain market presence
• To gain insights of the major regions in which the botanical
extracts market is growing
• To gain knowledge about the development of various botanical
extracts
Read the full report:
http://www.reportlinker.com/p04950102/Botanical-Extracts-Market-by-Source-Application-Form-and-Region-Global-Forecast-to.html
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