According to the latest report by IMARC Group, titled “Botanical Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global botanical ingredients market grew at a CAGR of around 5% during 2015-2020. Looking forward, IMARC Group expects the global botanical ingredients market to exhibit moderate growth during 2021-2026. Botanical ingredients refer to components of a personal care or cosmetics product prepared using organisms, such as yeast, algae, or bacteria. These organisms undergo DNA editing for metabolic enhancement. Botanical ingredients are more environmentally friendly and cost-effective than components processed using petrochemicals. They act as sustainable substitutes to formulate plant-based extracts that can slowdown the aging process and counteract oxidative damages. As a result, botanical ingredients are being extensively used in cosmetic companies to evaluate natural active components' activity on the skin.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
Shifting consumer preferences towards safe, advanced, and potent cosmetic solutions to produce new cosmetic formulas, ranging from collagen to hyaluronic acid, are primarily driving the demand for botanical ingredients. Furthermore, increasing number of research activities and the rising demand for sustainable and organic personal care items are also catalyzing the demand for botanical ingredients in hybrid skincare products. Additionally, botanical ingredients are also gaining traction in the food and beverages sector to improve enzyme applications and add flavors. Moreover, the pharmaceutical industry is also utilizing botanical ingredients to formulate active components from natural sources.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Ambe Phytoextracts Pvt Ltd.
- Bell Flavors & Fragrances
- Berje Inc.
- International Flavors & Fragrances Inc.
- Lipoid Kosmetik AG
- New Directions Aromatics Inc.
- Prakruti Products Pvt. Ltd.
- PT. Indesso Aroma
- Rutland Biodynamics Ltd.
- Saba Botanical of Usa Inc.
- The Green Labs LLC
- The Herbarie at Stoney Hill Farm Inc
Breakup by Source:
- Herbs
- Leaves
- Spices
- Flowers
- Others
Breakup by Form:
- Powder
- Liquid
Breakup by Application:
- Food and Beverages
- Dietary Supplements
- Cosmetics and Personal Care
- Pharmaceuticals
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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