Natural Extracts Market Estimated At USD 18.95 Billion By 2028
San Francisco, 20 Dec 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...