Industry Background:
Organic Herbal Extracts requires extensive process of removing essential vitamins, nutrients and extracts from the herbal products through a cold press process. This process involves both dried as well as fresh herbs. The extract of such herbs is mixed with organic certified alcohol base. The alcoholic base helps in longer preservation and to maintain integrity of herbal extracts. The organic herbal extracts market is expected to grow owing to growing veganism as well as rising popularity of the herbal medicines and diets. North America and Asia Pacific are the two most prominent markets of the organic herbal extracts.This growth is primarily driven by Rising Culture of Veganism and Vegetarianism
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | -2027 |
Volume Unit | N |
Value Unit | Value (USD Million) |
Key Companies in Study | Martin Bauer Group (Germany), Döhler (Germany), Naturex SA (France), Herbochem (India), Changsha Langyuan Bio-Tech Co., Ltd (China), MRT Organic Green Products (India), Beloor Bayir Biotech Ltd (India), Phyto Herbal (India), Bioforce USA (United States) and Organic Herb Inc. (China) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Globally, a noticeable market trend is evident Spices Account for Larger Market Share. Major Vendors, such as Martin Bauer Group (Germany), Döhler (Germany), Naturex SA (France), Herbochem (India), Changsha Langyuan Bio-Tech Co., Ltd (China), MRT Organic Green Products (India), Beloor Bayir Biotech Ltd (India), Phyto Herbal (India), Bioforce USA (United States) and Organic Herb Inc. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2018, Givaudan, Switzerland based multinational flavor and fragrance manufacturer has announced acquisition of 40.6% stake in Naturex, which is a France based botanical company specialised in plant based extraction. The acquisition is aimed at Givaudan’s strategic move towards plant based flavors and fragrances.
In 2020, Euromed S.A., a Spain based herbal extraction company has announced launch of its new range of organic herbal extracts which are derived from organic certified herbs. The newly launched series of extracts are certified with Earth Harmony Organic Extract logo. The move is aimed at tackling the growing sustainability issue and meet with EU’s sustainability goals.
Market Drivers
- Rising Culture of Veganism and Vegetarianism
- Rise of Plant Based Natural Ingredients Market
Market Trend
- Spices Account for Larger Market Share
Restraints
- Lack of Mechanisms to Certify the Organic Consistency of the Product
Opportunities
Flavors and Fragnance Market has Huge Opportunities to Grow
Challenges
Rising Competition due to Emergence of Small Local Players
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Organic Herbal Extracts Study Sheds Light on
The Organic Herbal Extracts Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Organic Herbal Extracts industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Organic Herbal Extracts industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.