Global Natural Extracts Market Size, Share, Development, Growth and Demand Forecast, 2022-2031

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Kenneth Research, in its repository of market research reports, have recently added a report on Global Natural Extracts Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global Natural Extracts Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Natural Extracts Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Natural Extracts Market is valued approximately USD 9.50 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.1 % over the forecast period 2021-2027. Natural Extracts are basically ingredients derived or extracted from natural sources like plants, fruits, seeds etc. Natural Extracts are removed from plant tissues and then treated with solvents in order to be used for specific purposes. The increasing awareness about the side effects of conventional products, increasing demand of organic substances and the health benefits offered by them will drive the market growth of Natural Extracts across the forecast period. The organic and gluten free nature of the health conscious people is growing a shift towards more and more use of natural extracts, as it helps them to stay fit and likely to prevent diseases.. Also, the natural extracts provides various beauty and skin care benefits, thus attracting huge attention of the young generation crowd. According to a survey by Organic Trade Association (OTA), in 2020, the sale of organic products increased from 50.1 million to 55.1 million in the period 2019-2020. According to report of Fragrance and flavour Department Center, India, the estimated production of Essential oils is $4 billion. However, the high cost and fluctuation in the availability of raw materials restraint for the growth of the market over the upcoming period of 2020-2027. But the rising R&D initiatives and increasing trends of organic lifestyle is likely to influence the market growth during the forecast period.

The regional analysis of global Natural Extracts market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share because of the rising demand for premium quality products as well strong presence of market players in the region. Whereas, Asia-Pacific is also expected to show high growth rates over the forecast period 2020-2027. Factors such as rising disposable income, changing lifestyle of people and growing awareness about organic products are growing scope to boost the Natural Extracts market across Asia-Pacific region.

Major market player included in this report are:

OmniActive Health Technologies
Synthite Industries Ltd.
VedaOils.com
Symrise
PT. Indesso Aroma
Naturex
Robertet Group
Plant Lipids
dōTERRA
Ransom Naturals Ltd

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Essential Oils
Oleoresins
Herbal Extracts
Natural Colours
Dried Crops
Others

By Application:
Personal Care and Cosmetics
Food and Beverages
Animal Feed
Pharmaceuticals
Nutraceuticals
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Natural Extracts Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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