Botanical Extracts Market is Projected to Hit $ 12.07 Billion, Globally, by 2030 at 6.06% CAGR

The Global Botanical Extracts Market size is expected to grow from USD 6.06 billion in 2022 to USD 12.07 billion by 2030, at a CAGR of 6.06% during the forecast period (2023-2030).
Botanical extracts are used as an ingredient in the food & beverages industry to amend flavor, aroma, or nutritive quality. Botanical extracts also enhances properties like shelf life, and flavour and they help in reducing microbial spoilage. They are extracted from the plant tissue, generally by treating with a solvent such as water or alcohol. The increasing applications of botanical extracts in food & beverage industry, comsetics, and personal care products, due to its properties like antimicrobial and antioxidant is the major driving force for the development of the market. This market is greatly altered by the changes in preferences and consumption patterns of consumers who are looking for natural flavors in their food instead of synthetic ingredients.

Leading players involved in the Botanical Extracts Market includes:
Frutarom Ltd. (Israel),Kalsec Inc (U.S.),Döhler GmbH (Germany),Nexira (France),Haldin Natural (Indonesia),Synergy Flavors (U.S.),Bell Flavors & Fragrances (U.S.),Nutra Green Biotechnology Co.Ltd. (China),Blue Sky Botanics (U.K.),Fytosan (France),BI Nutraceuticals (U.S.),Ransom Naturals Limited (UK),International Flavors and Fragrances Inc (USA),Synthite Industries Limited (India),Martin Bauer Group (Germany) and other major players.

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