Short Description
Asia-Pacific Botanical Extract Market, By Type (Spice Extracts, Herb Extracts, Flower Extracts, Tea Extracts, Fruit Extracts, and Marine Plant Extracts), Form (Liquid, Powder, and Leaf Extracts), Product Type (Organic and Conventional), Application (Nutraceutical, Food Products, Pharmaceutical, Personal Care & Cosmetics, Beverages, Aromatherapy, Sport Nutrition, Animal Feed, and Others), Country (Japan, China, South Korea, India, Taiwan, Thailand, Singapore, Indonesia, Malaysia, Philippines, Australia, New Zealand, Vietnam, and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Definition
Botanical extracts are extracted from natural sources such as spices, herbs, flowers, fruits, tea, and others. Botanical extracts are used as ingredients in the food & beverage industry to modify flavor, aroma, or nutritive quality. Botanical extracts also impart properties such as enhanced flavor and extended shelf life and also reduce microbial spoilage. They are extracted from the tissue of a plant, usually by treating it with a solvent such as alcohol or water.
The increase in various botanical extracts such as spice & herb extracts and other ingredients in different food products to enhance the flavor is an important driver for the market growth. The recent trend indicates increasing demand for botanical extracts as investments in public and private food and beverage, pharmaceutical, and cosmetics & personal care industries continue to grow. The factors driving the market growth are increasing health awareness among the population and botanical extracts.
Market Segmentation
The Asia-Pacific botanical extract market is categorized into four notable segments based on type, form, product type, and application
Based on type, the market is segmented into spice extracts, herb extracts, flower extracts, tea extracts, fruit extracts, and marine plant extracts
Based on form, the market is segmented into powder, liquid, and leaf extracts
Based on product type, the market is segmented into organic and conventional
Based on application, the market is segmented into food products, sport nutrition, beverages, pharmaceutical, nutraceutical, personal care & cosmetics, aromatherapy, animal feed, and others
Market Players
The key players operating in the Asia-Pacific botanical extract market are:
Givaudan
Kerry Group plc
DSM
Sensient Technologies Corporation
Ingredion Incorporated
McCormick & Company, Inc.
Provital
Martin Bauer Group
Organic Herb Inc
Kalsec Inc.
Symrise
Synthite Industries Ltd.
International Flavors & Fragrances Inc.
Carrubba, Inc
Blue Sky Botanics
DHLER GmbH
Bio Botanica, Inc.
Bio-gen Extracts Private Limited
Plantnat
Native Extracts Pty Ltd
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