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natural extracts have several applications in various industries like cosmetics, food & beverages, and pharmaceutical.
POTLAND, UNITED STATE, September 20, 2022 /EINPresswire.com / -- The global market for natural extracts is witnessing substantial growth from the past few years. The benefits which the natural extracts provide and the rise in application are the factors that lead toward the growth of the market.
Substances that are obtained or drawn out by different processes from the raw material are known as extracts. While, natural extracts are those extracts that get extracted from natural sources like fruits, plants, and vegetables. Natural extracts are very healthy for the body and have various functionalities like they can be used as colorants, flavors, medicines, anti-infecting, edible oils, and many other such uses. Also, natural extracts have several applications in various industries like cosmetics, food & beverages, and pharmaceutical. Out of these, pharmaceutical and food & beverage industries are the largest customers of the global plant extract market.
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COVID-19 Scenario Analysis:
The COVID-19 outbreak is likely to have a positive impact on the natural extract market.
This market is anticipated to witness an upward surge as people are demanding more for immunity-boosting supplements, during the pandemic situation.
Furthermore, a decline in the meat, poultry, and seafood product, makes the customer shift toward plant-based products.
However, meeting the demand has become a major concern for the natural extract manufacturers, because of the current lockdown situation.
Disruption in the supply chain and halt on import-export activities has become a major concern for the natural extract market, during the COVID-19 pandemic.
Although due to the medicinal properties, a lot of experimentation is being conducted on natural extracts, to find the cure for Corona Virus.
Top Impacting Factors:Market Scenario Analysis, Trends, Drivers and Impact Analysis
When compared with synthetic products, consumers view natural products as a healthier alternative. With this, growing awareness about the side effects of synthetic food products drives the global natural extract market. Natural extracts have medicinal value and many health benefiting properties, like wound healing, antidiarrheal, antioxidant, antimicrobial, and anti-cancerous properties. These properties fuel the growth of the natural extract market.
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However, the unavailability of raw material and high price fluctuations in the raw material hinder the global market growth for natural extracts. Also, there has been a lot of cases regarding adulteration in natural extracts through various means. Such conducts have affected the reputation for the natural extract industry, thereby hampering the market growth globally.
Although rise in research & development activities in the natural extract industry, increase in demand for organic food, surge in demand for dietary food supplements are expected to propel the growth of the global natural extract market. Along with this, the development of the pharmaceutical industry and the adoption of Homeopathy & Ayurveda create several lucrative opportunities for this market. The growing vegan population has also strengthened the growth of the plant extract market, globally.
Key Benefits of the Report:
This study presents the analytical depiction of the global natural extracts industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global natural extracts market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global natural extracts market growth scenario.
Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global natural extracts market analysis based on competitive intensity and how the competition will take shape in the coming years.
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