Botanical Extracts Market By Global Industry Size, Share, Trends, Opportunity and Forecast 2027 - TechSci Research
Global Botanical Extracts Market is estimated to grow at brisk CAGR during 2022-2027.The primary factor influencing the growth in global botanical extracts market is the shifting consumer preference towards natural formulations in food & beverage items. The growing realization of health impacts from artificial flavors, scents and colors in food products is probing the growth in botanical extracts across the globe. Innovative product launches are successfully gaining traction among health-conscious customers, thereby driving the global botanical extracts market at a robust pace, through 2027. Global botanical extracts market is segmented by application, by form, by source and by geography. By geography, it is further segmented into Asia Pacific, North America, Europe, Middle East & Africa, and South America. North America accounted for the significant revenue shares in the global botanical extracts market in 2021 and the trend is likely to continue until 2027 as well. This is d...