According to Goldstein Research, world herbal extracts market is expected to reach USD 18.0 billion by 2024, growing at a compounded annual growth rate of 7.09 % over the forecast period 2016-2024. Herbal extracts market globally has its increasing foothold. The key driver of the herbal extracts market is the easy availability, affordability and no side effects from its application. Global herbal extracts market segmentation has been carried out on the basis of ingredients, the form of extract, extraction method, application, and region. Based on application, pharmaceuticals account for the largest market share in the global herbal extracts market followed by food and beverages segment.
Global herbal extracts market is majorly driven by North America, with a market share of 42.1% in 2016. People in North America are more attracted towards using the herbal products as compared to other parts of the world. Further, North America is followed by Asia Pacific herbal extracts market owing to the abundance of herbs and their different extraction methods in the region.
Market Segmentation
On the basis of our in-depth analysis, Global Herbal Extracts Market can be segmented as follows:
- By Ingredients
- Amla
- Aloe Vera
- Guggal
- Vetiver
- Rosemary
- Garlic
- Turmeric
- Mint
- Others (fennel, eucalyptus, clary sage, etc)
- By Form of Extract
- Capsule
- Tablet
- Powder
- Softgel
- Liquid
- By Extraction Method
- Supercritical fluid extraction
- Sonication extraction
- Soxhlet extraction
- Microwave-assisted extraction (MAE)
- Marinated extraction
- Steam-distillation extraction
- Hydro-distillation extraction
- Ultra-high pressure extraction
- Hot water extraction
- Accelerated solvent extraction (ASE)
- By Application
- Cosmetics
- Haircare
- Skin care
- Fragrances
- Food
- Food Supplement
- Sport Drinks
- Health Drinks
- Pharmaceuticals
- Anti-inflammatory
- Detoxification
- Treatment of several illnesses
- Cosmetics
- By Region
- North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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Market Trends, Drivers, & Challenges
“Global Herbal Extracts Market Outlook 2024” contains a detailed overview of the global herbal extracts market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by ingredients, the form of extract, extraction method and application.
Further, for the in-depth analysis, Global Herbal Extracts Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asDoehler GmbH, Synthite Industries Ltd., Kalsec Inc., Naturex SA, Superior Supplement Manufacturing Inc., Maat Nutritionals, Matsun Nutrition, Kingherbs ltd., Savesta, Green Earth Products Pvt. Ltd., Plant Extracts International Inc., Organic Herb Inc., BerryPharma AG, FT Technologies, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global herbal extracts market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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