Natural Extracts Market Rising At A CAGR Of 8.9% From 2021 to 2028


 San Francisco, 28 June 2021: The Report Natural Extracts Market Size, Share & Trends Analysis Report By Product (Essential Oils, Oleoresins, Herbal Extracts, Natural Colors, Dried Crops), By Application, By Region, And Segment Forecasts, 2021 - 2028

The global natural extracts market size is expected to reach 18.95 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.9% from 2021 to 2028. The increasing consumer awareness regarding the benefits of natural products, coupled with the changing lifestyles and the growing consumer disposal income, is fueling the market growth.

The COVID-19 spread across geographies impacted the market by causing supply chain disruptions and industrial shutdowns in 2020. However, it created a significant demand for nutraceutical and pharmaceutical supplements and functional food and beverage products that supported the market growth.

The pharmaceuticals and nutraceuticals application segments are likely to offer prominent opportunities as the demand for naturally healthy and nutritional supplements is increasing. Immunity-boosting supplements are expected to favor the market growth, especially post the COVID-19 impact. Essential oils are expected to witness considerable growth in the forecast period owing to their demand in the flavors and fragrances application. Global adoption of aromatherapy as a stress-releasing and relaxing activity is likely to boost product sales in the near future. Europe accounted for the largest revenue share in 2020.

The market is likely to witness lucrative opportunities from other applications, such as cleaning formulations, disinfectants, and mosquito repellents. Lemon, clove, peppermint, bergamot, cinnamon, cilantro, orange, lavender, lime, and melaleuca are some of the popularly used essential oils in cleaning and home applications. These oils help break down toxins, clean and purify the air, support healthy respiratory function, and relieve seasonal discomfort. Tea tree and eucalyptus essential oils are widely used for bathroom cleaning applications owing to their antifungal and antibacterial properties, which are effective in controlling the spread of staph germs, influenza, and pneumonia. Thyme oil is used in kitchen cleaners owing to its antiseptic and antibacterial properties, thus enabling the control of bacteria.

The highest natural extracts demand has been witnessed in Europe and North America from the food and beverage and personal care and cosmetics application segments, mainly in the form of flavors and fragrances. The expanding markets of India and China in the Asia Pacific region are likely to promote market growth in terms of raw material availability, economical manufacturing, and emerging application markets in the countries.

Access Research Report of Natural Extracts Market @ https://www.grandviewresearch.com/industry-analysis/natural-extracts-market

Natural Extracts Market Report Highlights

  • The dried crops product segment held the largest revenue share of almost 40.0% in 2020 and is expected to dominate the market over the forecast period due to the rising demand for dried crops in various end-use industries
  • The essential oils product segment is expected to witness considerable growth from 2021 to 2028 owing to their applications in flavors, fragrances, and aromatherapy
  • In terms of revenue, the nutraceuticals application segment is anticipated to grow at the fastest rate of 9.4% over the forecast period
  • Manufacturers focus on R&D initiatives to offer new and better products to the customers. Companies develop partnerships with other manufacturers to manufacture potential products to meet the specific demands of the customers
  • The market has been characterized as a fragmented market as it includes several players operating in the market at the global and regional levels

 List of Key Players of Natural Extracts Market

  • Symrise
  • Indesso Aroma
  • Kancor
  • Synthite Industries Ltd.
  • com
  • Vidya Herbs
  • Plant Lipids
  • Ransom Naturals Ltd.
  • India Essential Oils
  • G. Industries
  • Flavex Naturextrakte GmbH
  • Arjuna Natural Pvt. Ltd.
  • Firmenich SA
  • Robertet Group
  • Sami Spices
  • Falcon
  • Blue Sky Botanics
  • dōTERRA
  • Naturex
  • OmniActive Health Technologies

Access Press Release of Natural Extracts Market @ https://www.grandviewresearch.com/press-release/global-natural-extracts-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more