Natural Extracts Market Scope:
Global Natural extracts Market was valued at USD 11.1 Billion in 2022 and is expected to grow from USD 12.09 Billion in 2023 to reach USD 23.91 Billion by 2031, at a CAGR of 8.9% during the forecast period (2024-2031)
Natural Extracts Market Driver
Growing consumer awareness about the harmful effects of synthetic chemicals and the increasing preference for natural and organic products is a major driver of the natural extracts market. Consumers are becoming more health-conscious and are looking for products that are free from synthetic chemicals and additives. Natural extracts are perceived as safe and healthy alternatives to synthetic chemicals, which is driving their demand in various application segments such as food and beverages, pharmaceuticals, personal care and cosmetics, and nutraceuticals. The trend towards clean-label products and increasing demand for sustainable and environmentally friendly products is also contributing to the growth of the natural extracts market.
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Natural Extracts Market Size research report 2024 offers an in-depth assessment of revenue growth, market definition, segmentation, industry potential, and influential trends for understanding the future outlook and current prospects for the market.
This report is quite popular as the different industries use the Natural Extracts Market demand analysis. It helps to understand how much consumer demand exists for a particular product or service for the period of 2024 – 2031. The best thing about this analysis is that it allows the management to determine if their business could effectively enter a market. It also helps the company to generate enough profits that could be beneficial to advance its business operation. It is essential for the business to understand the market demand for a particular product and service to help them make an effective business decision. And market demand analysis is the perfect process that helps to understand the customer demand for a product or service in a target market.
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Key players covered in the report:
- Symrise AG
- Givaudan SA
- International Flavors & Fragrances Inc.
- Firmenich SA
- Takasago International Corporation
- Kerry Group plc
- Sensient Technologies Corporation
- Archer Daniels Midland Company
- Robertet SA
- Döhler GmbH
- Nexira SAS
- Naturex SA
- Kalsec Inc.
- Frutarom Industries Ltd.
- Vidya Herbs Pvt. Ltd.
- Synthite Industries Ltd.
- Biolandes SAS
- PT Indesso Aroma
- Plant Extracts International Inc.
- Martin Bauer Group
Recent Developments
- Kalsec, Inc. announced the introduction of a new range of natural extracts in June 2023. The new line, which is intended for use in a variety of food and beverage applications, contains extracts of ginger, turmeric, and black pepper.
- Naturex stated in May 2023 that it would be increasing its natural extract production capacity. It is anticipated that the expansion will cater to the increasing need for natural extracts in the beverage, food, and cosmetics sectors.
- In March 2023, Chr. Hansen, a global producer of natural ingredients, announced the launch of a new range of natural extracts called Fermentech™. These extracts are produced using a fermentation process and are intended for use in the food and beverage industry.
- In November 2023 L’Oréal Groupe announced an exclusive, industry-first partnership with Cosmo International Fragrances to bring a Green Sciences-based extraction process to revolutionize the art of fine fragrance creation.
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Research Methodology
For precise determination of the market potential, the Natural Extracts Market is studied using Porter’s Five Force Model and a SWOT analysis has been conducted for a better understanding of the business environment.
Major Table of Contents for Research Report:
- Introduction
- Executive Summary
- Market Dynamics
- Key Market Growth Insights
- Market Analysis, Insights, and Forecast, 2024-2031
- Competitive Landscape
- Revenue Growth, Natural Extracts Market Industry Share Analysis, By Key Players
- Company Profiles
- Conclusion
Key Questions Answered:
- What is the size of the Natural Extracts Market in terms of revenue, sales volume, or number of users/customers?
- Who are the key players in the Industry, and what are their market shares?
- What are the trends and drivers shaping the Natural Extracts Market, and what are the challenges and opportunities?
- What are the different segments of the Natural Extracts Market, and how are they expected to grow?
- What are the key products and services offered in the Natural Extracts Market?
- What are the pricing strategies and competitive landscape of the Natural Extracts Market?
- What is the production and production value of the global Natural Extracts Market?
- What are the growth factors driving the market demand?
- What are the future prospects and growth potential of the Natural Extracts Market?
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