Global Herbal Extract Market 2023-2027

Global Herbal Extract Market 2023-2027
The herbal extract market is forecasted to grow by USD 29.19 bn during 2022-2027, accelerating at a CAGR of 12.97% during the forecast period. The report on the herbal extract market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for food and beverages with herbal ingredients, the growth of herbal medicine, and growing consumer awareness of the side effects of allopathic medicines.

Technavio's herbal extract market is segmented as below:

By ApplicationPharmaceuticalsPersonal careOthersBy TypeLiquidPowderBy Geographical LandscapeAPACNorth AmericaEuropeMiddle East and AfricaSouth AmericaThis study identifies the increasing prevalence in customized herbal blends as one of the prime reasons driving the herbal extract market growth during the next few years. Also, the availability of plant-based alternatives in food and beverages and manufacturers leveraging digital platforms and e-commerce channels will lead to sizable demand in the market.

The report on the herbal extract market covers the following areas:Herbal extract market sizingHerbal extract market forecastHerbal extract market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading herbal extract market vendors that include Dohler GmbH, Herbal Creations, Herbochem, India Essential Oils, K. Patel Phyto Extractions Pvt. Ltd., Kalsec Inc., MB Holding GmbH and Co. KG, Mountain Rose Herbs, Naturalin Bio Resources Co. Ltd., Naturex SA, Organic Herb Inc., Ransom Naturals Ltd., SA Herbal Bioactives LLP, Sami Spices, Shaanxi Jiahe Phytochem Co. Ltd., Starwest Botanicals.com Inc., Synergy Flavors Inc., Synthite Industries Pvt. Ltd., Vidya Herbs Pvt. Ltd., and Natures Way Brands LLC. Also, the herbal extract market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.