Botanical Extracts Market Growth Projections to 2030

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Botanical Extracts Market Size to Cross 11 Bn by
2032
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Overview of Botanical Extracts Market

• The global botanical extracts market is likely to
  exhibit significant growth trends and account for
  a sizeable valuation by 2030, driven by the
  integration of new extraction techniques to
  deliver products in highly concentrated and
  natural forms.
• The players in the market have been emphasizing
  on employing extraction methods that, while
  ensuring significant commercial growth, support
  environmental sustainability. For instance, in
  September 2022, PLT innovation partner Nektium
  Pharma rolled out a cultivation program and
  announced that it would start offering its
  Rhodiolife Rhodora rosea ingredient derived from
  a cultivated source of root materials.
• The program aims to achieve a phytochemical and
  physical profile comparable to formerly supplied
  wildcrafted material. It will also address issues
  that turn up with all wildcrafted botanicals
  periodically, including the security of supply,
  harvest size, sustainability, and the
  phytochemical composition of wild-harvested
  materials.

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• The tea leaves segment is projected to surpass
  USD 2 billion by 2030. Tea leaf botanical
  extracts offer a spectrum of benefits ranging
  from regulating blood pressure, supporting
  digestive health, and improving metabolic
  functions to soothing inflammation, and
  protecting the skin from sun exposure. The proven
  benefits of botanical extracts sourced from tea
  leaves in promoting weight loss and enhancing
  mental alertness may open new growth avenues for
  the industry.
• The liquid botanical extracts market segment is
  likely to depict a strong CAGR throughout the
  forecast period and record a sizeable valuation
  by 2030. Liquid herbal extracts are versatile,
  simple to make, easy to consume, and have greater
  potency than the other forms. They are easily and
  rapidly absorbed, utilized, and digested by the
  body, thus ensuring immediate benefits
  post-consumption. Besides, the higher
  concentration of antioxidants and other potential
  ingredients compared to original herbs and other
  forms of extracts may propel liquid botanical
  extracts sales over the coming years.

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• The others segment is expected to exhibit over
  5.5 CAGR during the forecast period and record a
  valuation worth USD 500 million by 2030. The
  increasing utilization of botanical extracts in
  manufacturing several products, including fabric
  detergents, dishwashers, fabric conditioners,
  tissues, and air care products, will drive the
  segment expansion in the foreseeable future.
  These extracts offer emotive notes to different
  cleaning formulations and improve their
  performance.
• The Middle East Africa botanical extracts
  industry was worth USD 100 million in 2021 and is
  projected to cross USD 200 million by 2030. The
  escalating RD efforts by regional pharmaceutical
  companies to study problems related to modern
  medicine such as antimicrobial resistance and
  find an effective cure for diseases such
  as cancer will fuel the regional industry. In
  addition, the proliferating FB sector and
  growing health awareness will drive product
  demand across the MEA region.
• Leading players in the botanical extracts market
  include Lipoid-Kosmetik, Nektium, Ambe NS Agro
  Products Pvt. Ltd., Berkem, Blue Sky Botanics
  Ltd., Synergy Flavors, Ransom Naturals Ltd.,
  Kalsec Inc., Synthite Industries Ltd., Döhler
  GmbH, Nutra Green Biotechnology Co., Ltd., Kuber
  Impex Ltd., Mb-Holding GmbH Co. Kg

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