DBMR has recently updated the Phytomedicines and Herbal Extracts Market research report gives the knowledge of all the above factors with transparent, wide-ranging, and supreme quality market studies. This market report also provides a list of major competitors along with the strategic insights and analysis of the key factors influencing this industry. For a booming business, it is quite necessary to get knowledgeable about consumers’ demands, preferences, attitudes, and their varying tastes about the particular product. The report endows a wide-ranging statistical analysis of the market’s constant developments, capacity, production, production value, cost/profit, supply/demand, and import/export. A range of markets, marketing strategies, trends, future products, and rising opportunities are taken into consideration while studying the market and generating market reports.
Market Analysis and Size
Data Bridge Market Research analyses that the phytomedicines and herbal extracts market was valued at USD 8.26 billion in 2021 and is expected to reach the value of USD 15.23 billion by 2029, at a CAGR of 7.95% during the forecast period of 2022 to 2029.
Over the years, the health and wellness industry has become a dominant lifestyle value among consumers, profoundly changing consumer behaviour toward naturally sourced micronutrients. Natural products are now viewed as healthier alternatives to synthetic products by consumers. Phyto medicines and herbal extracts have a wide range of applications in a variety of industries, including cosmetics, pharmaceuticals for therapeutic properties, and food and beverage industries due to their beneficial components.
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Leading Key Players Operating in the Phytomedicines and Herbal Extracts Market Includes: Givaudan (Switzerland), Sensient Technologies Corporation (US), Symrise (Germany), Kangcare (China), PT. INDESSO AROMA (Indonesia), PT. Haldin Pacific Semesta. (US), VidyaHerbs (India), Tokiwa Phytochemical Co. Ltd. (Japan), NATIVE EXTRACTS Pty Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (China), Synthite Industries Ltd. (India), Döhler, International Flavors & Fragrances, Inc. (Germany), Martin Bauer Group (Germany), Arjuna Natural Pvt Ltd (India), Organic Herb Inc. (China), Plant Extracts International Inc (US)
North American countries are among the leading importers of plant extracts from Asian countries. This is expected to be fuelled further by the development of new plant-based pharmaceuticals, as well as an increase in the beverage industry, where consumer preferences are shifting away from carbonated soft drinks and toward alternative beverages with natural flavour loadings. Consumer demand for fortified food products, supplements, and personal care products that provide health benefits and help with rising healthcare costs is driving growth in industrial consumption of plant extracts; the concept of healthy ageing and the rising trend of health-conscious diets are driving this market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Phytomedicines and Herbal Extracts Market Scope
The phytomedicines and herbal extracts market is segmented on the basis of source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Source (Leaves, Fruits, Flowers, and Bulbs, Rhizomes & Roots, Barks & Stems, and Seeds, Pods, and Berries)
By Application (Pharmaceuticals & Dietary Supplements, Food & Beverages, Cosmetics, Personal Care Products and Toiletries)
Browse the Complete Table of Contents at @ https://www.databridgemarketresearch.com/toc/?dbmr=global-phytomedicines-and-herbal-extracts-market
COVID-19 Impact on Phytomedicines and Herbal Extracts Market
Strict containment measures imposed by various governments, as well as preventive measures to mitigate the impact of the outbreak, have resulted in significant transportation restrictions, causing a global ripple effect. Transportation is critical in any market’s supply chain because it is responsible for transferring raw materials to manufacturers and then distributing the finished product from manufacturers to the retail market. The pandemic had brought global transportation to a halt in order to halt the spread of the virus. Product delivery has been delayed due to low working efficiency and lockdown in various regions. Many logistics companies were operating at low efficiency with few working staff, causing supply chain disruption.
Recent Development
- Diana Food, a subsidiary of Symrise AG (Germany), opened another R&D lab in Quebec in June 2019 to supplement a nearby office where Diana produces nourishing elements for use in a variety of wellbeing arrangements. Polyphenols are extracted from privately sourced materials such as cranberries and blueberries and studied for their potential use in health-related contributions such as dietary supplements.
- Vidya Herbs (India) launched Sunca, a sunflower extract with 40% chlorogenic acids, in May 2019. The concentrate has been clinically proven to aid in the management of lipid digestion. It is caffeine-free and has a fixable problem.
- In May 2019, Givaudan (Switzerland) agreed to buy Golden Frog (Vietnam) to expand its product portfolio in natural flavours, concentrates, and basic oils for the food and beverage industry. The organisation primarily serves the ASEAN advertise with its Vietnam-based regular fixings, which incorporate herbs, flavours, natural product and vegetable concentrates, and fundamental oils.
Report Coverage :
It envisages Porter’s five forces analysis for precise market prediction.
It incorporates a SWOT analysis of the market.
It highlights various restraints to market growth and suggests strategies to overcome them.
It showcases the various strategies adopted by key market players to acquire growth.
It highlights the latest industry developments.
Some Of The Major Highlights Of Toc Covers:-
Introduction
Assumptions and Research Methodology
Executive Summary
Market Overview
Key Insights
Phytomedicines and Herbal Extracts Market Analysis and Forecast, By Product
Phytomedicines and Herbal Extracts Market Analysis and Forecast, By Detector
Phytomedicines and Herbal Extracts Market Analysis and Forecast, By Technology
Phytomedicines and Herbal Extracts Market Analysis and Forecast, By Application
Phytomedicines and Herbal Extracts Market Analysis and Forecast, By End-user
Phytomedicines and Herbal Extracts Market Analysis and Forecast, By Region
North America Phytomedicines and Herbal Extracts Market Analysis and Forecast
Europe Phytomedicines and Herbal Extracts Market Analysis and Forecast
Asia Pacific Phytomedicines and Herbal Extracts Market Analysis and Forecast
Latin America Phytomedicines and Herbal Extracts Market Analysis and Forecast
Middle East & Africa Phytomedicines and Herbal Extracts Market Analysis and Forecast
Competitive Landscape
Continued…
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Highlights of this Study Market Research Report:
To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
Key parameters which are driving this market and restraining its growth
What all challenges manufacturers will face as well as new opportunities and threats faced by them.
Learn about the market strategies that are being adopted by your competitors and leading organizations
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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About Data Bridge Market Research, Private Ltd
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