Description
Botanical Extracts Market is poised to grow at a significant CAGR of 9.3% over 2022-2028. Some of the key factors influencing the market growth include rise in awareness regarding the side-effects of synthetic flavors, an increase in the application of botanical extracts, growing awareness and health concerns among consumers, increase in the demand for convenience food, rise in the demand for convenience food and long shelf life of botanical extracts. However, availability of substitutes and varying prices of herbs & spices are hampering the market growth. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global botanical extracts market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global botanical extracts products.