Natural Extracts Market Overview:
The global Natural Extracts Market size was valued at USD 1.52 billion in 2020, and it is expected to reach USD 2.3 billion by 2030, growing at a compound annual growth rate (CAGR) of 11% from 2023 to 2030.
Rising Health Consciousness Consumers are seeking natural and healthier alternatives in their products, leading to a demand for natural extracts rich in bioactive compounds with potential health benefits.
Functional Foods and Nutraceuticals Natural extracts are used to enrich foods and supplements with bioactive components, contributing to the trend of functional foods and nutraceutical products.
Pharmaceutical Applications many natural extracts have shown potential therapeutic properties, leading to their use as active ingredients in pharmaceutical drugs and herbal medicines.
Natural Extracts Market - Report Coverage:
The “Natural Extracts Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Natural Extracts market.
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Natural Extracts Market - Top Trends:
Clean Label and Transparency: Consumers are increasingly demanding products with clean labels, containing recognizable and natural ingredients. Natural extracts are sought after as they fit well with this trend, aligning with consumers' desire for transparency and simplicity in food and personal care products.
Plant-Based and Vegan Products: The rise of plant-based diets and lifestyles has driven the demand for natural extracts that can replace animal-derived ingredients in food, beverages, cosmetics, and other products.
Functional and Nutraceutical Ingredients: Natural extracts rich in bioactive compounds, vitamins, and minerals are being incorporated into functional foods, supplements, and nutraceuticals, offering potential health benefits beyond basic nutrition.
Adaptogens and Stress Relief: Natural extracts with adaptogenic properties are being used in products aimed at stress reduction, mental well-being, and overall health support.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Incinerator Market Report. The top 10 companies in this industry are listed below:
- Naturex (Givaudan)
- Firmenich
- Symrise
- Givaudan
- Robertet
- InFarm
- International Flavors & Fragrances (IFF)
- Frutarom (IFF)
- Sensient Technologies
- Archer Daniels Midland Company (ADM)
Scope of Report:
Report Metric | Details |
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Base Year Considered | 2022 |
Forecast Period | 2023 – 2030 |
CAGR | X |
Market Size in 2030 | X billion |
Segments Covered | Product Type, By Distribution Channel, By Technology, By End-Use and By Geography |
Geographies Covered | North America (U.S., Canada), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, and Rest of South America), Rest of the World (Middle East and Africa). |
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The Natural Extracts Market is forecast to grow at X CAGR during the forecast period 2023-2030.
Natural Extracts Market size is estimated to reach $X billion by 2030
The Top Companies in the Natural Extracts Market are Naturex, Firmenich ,Symrise, Givaudan, Robertet,InFarm and others