(EMAILWIRE.COM, September 04, 2024 ) Pune, 04, September 2024: The Herbal Extract Market was valued at USD 48.24 billion in 2023 and is expected to reach USD 86.84 billion by 2032, with a CAGR of 6.75%. Herbs can be used as an aqueous solution of herbs and alcohol. Dried herbs and fresh herbs are mixed with alcohol, after which the active ingredient is removed, and only the herbal oil is mixed with the alcohol. This process is called extraction, hence the name of herbalism. For example, an extract made from mint and alcohol is called “mint extract”. Most commercial extracts have a plant to alcohol ratio printed on the label. When dry herbs are used to make the extract, it is usually 1 part dry herb to 4 parts liquid (alcohol plus water). When using fresh herbs, the usual ratio is 1:1. This does not show how much of that herb is in the bottle, but the ratio used to make the extract. Example, dry plant strength: 1:4, meaning the mixture used to produce the extract is 4 parts water, (alcohol and water) and one part dry plant. This is not the same ingredient list found in most commercial extracts. The herb is sold as a dietary supplement and alternative medicine, and is used to flavor baking and other recipes such as vanilla extract. Herbal extracts are often referred to as tinctures by herbalists and alternative medicine experts.
Herbal Extract Market Dynamics
The growing demand for organic products, including herbal extracts, is due to many factors affecting new consumers. There is a growing awareness of the health benefits associated with using natural and specialty ingredients in personal care, beauty products and food and beverages. Consumers are becoming increasingly aware of the harmful effects of synthetic chemicals often found in common goods, leading them to seek safer, more environmentally friendly alternatives. In addition, the social movement is broader in nature and work. Greater investment in R&D has led to growth in adoption. A strong focus on R&D encourages the exploration of plant varieties, innovative extraction methods and advanced preparation methods. As a result, these activities will produce a range of new plant extracts characterized by higher potency, better bioavailability and specific applications. These improved manufacturing prospects not only make it easier to create different product categories, but also open up many opportunities for market growth. Every step of the way R&D opens doors to untapped opportunities and nurtures the ecosystem of herbal extracts.
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Herbal Extract Market Regional Insights
Asia Pacific dominated the Herbal Extract Market in 2023 and is expected to continue its dominance over the forecast period. The region boasts a few of the world’s richest biodiversity hotspots, counting the Himalayas, the Western Ghats, and Southeast Asian rainforests, which give a tremendous and different supply of raw materials for herbal extracts. This natural abundance is complemented by a long-standing convention of herbal pharmaceutical practices such as Ayurveda, Traditional Chinese Medicine (TCM), and Indonesia’s Jamu, which have fastidiously reported the restorative uses of different plants and herbs, forming a solid establishment for the market. Also, developing buyer mindfulness and acknowledgment of common and organic items, fueled by expanding wellbeing awareness, are driving request for herbal extracts in applications extending from individual care to nutraceuticals. The quick financial development in nations like China and India has extended the center course, coming about in higher expendable salaries and a greater eagerness to spend on premium, normal items.
Herbal Extract Market Segment Analysis
By Form
Turmeric
Rosemary
Ginseng
Aloe
Nutmeg
Sage
Garlic
Cranberry
Based on the component, the market is segmented into Turmeric, Rosemary, Ginseng, Aloe, Nutmeg, Sage, Garlic, and Cranberry. Turmeric are expected to dominate the Herbal Extract Market during the forecast period. Turmeric dominates the market. This is helped by increasing its use for skin care, as it helps control skin aging. Due to its anti-inflammatory properties, it also has wide applications in the medical field. Curcumin is a component of turmeric, which is probably a type of ginger. It does not dissolve in water; Either way, it is soluble in alcohol. It has excellent antioxidant and anti-inflammatory properties. Curcumin is an extract from turmeric with anti-inflammatory and antioxidant properties that have made it popular in the cosmetic, medical and food sectors. Curcumin, also known as turmeric, is widely used in cosmetic formulations. Turmeric can play an important role in various Indian Ayurvedic treatments. It is used in the treatment of eczema and acne, as well as reducing the rate of aging and preventing and correcting dry skin.
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By Form
Solid
Liquid
By Application
Personal Care & Cosmetics
Food & Beverages
Animal Feed
Pharmaceuticals
Nutraceuticals and Others
GLOBAL HERBAL EXTRACT MARKET BY REGION
NORTH AMERICA
USA
Canada
Mexico
EASTERN EUROPE
Russia
Bulgaria
The Czech Republic
Hungary
Poland
Romania
Rest Of Eastern Europe
WESTERN EUROPE
Germany
United Kingdom
France
The Netherlands
Italy
Spain
Rest Of Western Europe
ASIA PACIFIC
China
India
Japan
South Korea
Malaysia
Thailand
Vietnam
The Philippines
Australia
New-Zealand
Rest Of APAC
MIDDLE EAST & AFRICA
Turkey
Bahrain
Kuwait
Saudi Arabia
Qatar
UAE
Israel
South Africa
SOUTH AMERICA
Brazil
Argentina
Rest of South America
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Herbal Extract Key Competitors include:
Naturex (France)
Indena S.P.A. (Italy)
Martin Bauer Group (Germany)
Bio-Botanica Inc. (United States)
Kalsec Inc. (United States)
Frutarom Industries Ltd. (Israel)
Sabinsa Corporation (United States)
Nutraceutical Corporation (United States)
Arjuna Natural Extracts Ltd. (India)
Organic Herb Inc. (China)
Döhler Gmbh (Germany)
Phytomed Herbal Solutions (South Africa), and other major players.
Key questions answered in the Herbal Extract Market report are:
Which market segment dominated the global Herbal Extract market in 2023?
What are the current global trends in the Herbal Extract market?
What future industry applications and trends are emerging in the Herbal Extract market?
What growth strategies are companies adopting to expand their presence in the Herbal Extract market?
Who are the leading companies in the Herbal Extract market, and what are their product portfolios?
What are the primary challenges that the Herbal Extract market may face in the future?
Which region had the largest share of the Herbal Extract market in 2023?
How is the regulatory environment influencing the Herbal Extract market?
Key Offerings:
Market Size, Share, Size & Forecast by Different Segments | 2024−2032
Herbal Extract Market Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Trend Analysis
Pestle Analysis
Porters Five Forces Analysis
Industry Value Chain Analysis
Ecosystem
Regulatory Landscape
Price Trend Analysis
Patent Analysis
Technology Evolution
Investment Pockets
Herbal Extract Market Segmentation
Competitive Landscape Profiles of selected key players in a strategic perspective
Competitive landscape Competitive Benchmarking, Herbal Extract Market Share by Manufacturer (2023), Industry BCG Matrix, Heat Map Analysis, Mergers & Acquisitions
Analyst Viewpoint and Conclusion
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