About Lovage Extract
Lovage or levisticum officinale is a perennial plant found altogether in Europe in all elements of southwestern Asia. The lovage extract manufacture contains a celery aroma that is employed in soups as and flavorer agent. The leaves will be utilized in salads, or to form soup or season broths, and therefore the roots will be consumed as a vegetable or grated to be used in salads. Its Flavor and smell are somewhat just like celery. The seeds will be used as a spice, just like fennel seeds. The celery aroma and taste of the lovage extract are utilized in the food and drinks industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market for love is extracted is fragmented by global key players owing to the rising demand for lovage extract over celery extract for different applications like flavoring, healthcare applications, and fragrance applications. The players should focus on product innovation with lovage extract and invest in research and development for the market growth. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Changsha Vigorous-Tech Co., Ltd (China), Carrubba Inc. (United States), Aunutra Industries Inc. (United States), Bio Botanica Inc. (United States), Frutarom Ltd. (Israel), Horner International Co. (United States), Vege Tech Co. (United States), Flavex Naturextrakte (Germany), Danièle Ryman (United Kingdom), Albert Vieille SAS (France) and Knorr (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lovage Extract market by , Application (Spices, Alternative Medicines, Perfume Ingredient, Flavoring Agent and Others) and Region.
On the basis of geography, the market of Lovage Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Liquid will boost the Lovage Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online will boost the Lovage Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Extract, the sub-segment i.e. Shoot Extract will boost the Lovage Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Product Innovation with Lovage Extract for Premixes, Spices, and Ready to Cook Meals
Market Growth Drivers:
Higher Yield than Celery Plant and Rising Application of Lovage Extract in Flavours and Increasing Demand for the Cheaper and Efficient Alternative of The Celery
Challenges:
Availability of Substitutes in Market and Side Effects due to Overconsumption of Lovage Extract like High Blood Pressure
Restraints:
Lack of Awareness about Lovage Extract
Opportunities:
Rising Usage of Lovage Extract as A Condiment Possessing Medicinal Properties for a Medical Product and Irrigation Therapy for Swelling and Rising Product Applications in Soaps and Cosmetics
In 2021, Knorr launched its Zero Salt Bouillon cube made from vegetables, spices, and herbs such as lovage, nutmeg, rosemary, and turmeric to enhance the flavors in foods and bring an umami Flavor to cooking. Lovage Extract available will provide savory and tangy flavors to the product and will enhance the overall flavorings of added products.
Key Target Audience
Lovage Extract Manufacturers, Distributor/Provider, Research Institutes, End-User Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.