Global Botanical Extracts Market Industry Size, Share, Analysis, Trend & Forecast 2017-2022

Botanical-Extracts

Growing at an expected CAGR of 8%, the world biology Extracts Market is predicted to succeed in USD 5,883.4 million by 2022. Factors like growing awareness of health and upbeat advantages of natural health merchandise, discovery of health advantages of botanicals extracts and its demands etc. have propelled the market to its growth. Challenges still stay within the style of its substitute, synthentic flavour, that is predicted to abate the expansion a little.
Market Overview

Global Botanical Extracts Market is expected to reach USD 5,833.4 million by 2022, supported by a CAGR of 8.8% during the forecast period of 2017 to 2022. The botanical extracts market is mainly driven by the growing awareness of health and wellness and trend towards the natural health products, strict regulations regarding inclusion of synthetic flavours, growing population in developing countries discovering the health benefits of botanicals, increase in demand for convenience food, and growing demand of botanical extracts in herbal medicinal products. Moreover, increasing investments in emerging economies, and the emergence of new application areas with changing consumption trends provides significant opportunities within the food and beverage markets. However, the availability of substitutes such as synthetic flavour is expected to hinder the growth of this market to some extent.

Market Segmentation

The global botanical extracts market is mainly segmented by source (spices, herbs, flowers, and tea leaves), by form (powder and liquid), and by the application (food, beverages, cosmetics, and pharmaceuticals). With their versatile functional properties, the application areas of botanical extracts have been increased significantly in cosmetics and personal care products.


Geographic Overview

Geographically, the global botanical extracts market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. North America accounted for the major share in the global botanical extracts market in 2016, followed by Europe, and Asia-Pacific. The major share of the North American region is mainly attributed to the increasing functional food consumption, growing health consciousness, and changing diseases pattern in the region. On the other hand, Asia-Pacific region is projected to grow at the fastest CAGR during the forecast period, mainly due to increasing disposable income, growing urbanization, increasing prevalence of various chronic diseases such as diabetes, and rising demand for healthy & natural products.

Key players

The key players in the global botanical extracts market are Frutarom Industries Ltd., Blue Sky Botanics Ltd., Ransom Naturals Ltd., Prinova Group LLC., Pt. Indesso Aroma, Synergy Flavors, Inc., Haldin Pacific Semesta, PT, Kalsec Inc., Synthite Industries Ltd., Döhler GmbH, BI Nutraceuticals, Nutra Green Biotechnology Co. Ltd., Kuber Impex Ltd., and Mb-Holding GmbH & Co. Kg.


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Resin Capsules Market According To Market Research Industry Growth, Trends, Share and Size, Forecast 2022

Resin-Capsules

Resin capsules market to grow at a CAGR of 4.46% between 2017 and 2022

Resin capsules market size is projected to grow at a CAGR of 4.46% during the forecast period and reach USD 1,256.2 million by 2022. The resin capsules market has generally been characterized by the rise in prices and increase in competition from producers in less developed countries, especially China, which has been aggressively manufacturing and exporting resin capsules. Continuous changes in the landscape of resins employed in the manufacture of resin capsules have shifted the focus of market players toward constant innovations in technologies that can ensure the beneficiation. Advancements in terms of product innovations and technologies are expected to create strong investment opportunities for resin capsule manufacturers. Fluctuations in the prices of raw materials used in resin capsules are expected to be the major restraint for market players, whereas shorter shelf-life of resin capsules is expected to pose a challenge to the growth of the market during the forecast period.

The polyester segment accounted for the largest share in the resin capsules market in 2016

The polyester dominated the resin capsules market in 2016 and is projected to retain the leading position through 2022. This can be attributed to the high demand from the mining and construction industries, owing to reasons such as price efficiency, performance, and in particular, their superior UV resistance in comparison to other resin types.

The mining industry accounted for a considerably higher market share in the resin capsules market

The resin capsules market has been segmented on the basis of end-use industry—mining, construction, manufacturing, and others (oil & gas and marine). The mining industry led the market for resin capsules in 2016; however, the construction industry is projected to grow at the highest CAGR from 2017 to 2022. Continuous demand for minerals and rare earth metals has propelled the growth mining activities, which drives the demand of resin capsules. The mining industry utilizes resin capsules for rock bolting and cable bolting. It also uses resin capsules to support roofs and sidewalls in underground excavations.

Asia-Pacific to witness the fastest growth during the forecast period

The Asia-Pacific region is projected to register the highest CAGR, globally, between 2017 and 2022. China was the largest market for resin capsules in the Asia-Pacific region, in 2016. The Chinese market is projected to grow at the highest CAGR during the forecast period. The rapid expansion of economies in this region is driving the growth of the mining industry. As a result, the mining capacity of various metals and minerals is increasing, thereby boosting the demand for resin capsule.

Bharat Book is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.