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Natural Extracts Market Size, Share, Trends & Industry Growth Analysis Report to 2024-2032

The global natural extracts market size was evaluated at $11.95 billion in 2021 and is slated to hit $26 billion by the end of 2030 with a CAGR of nearly 9.1% between 2022 and 2030.

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➤ The global market is expected to experience development due to the thriving farming sector and the increase in consumer disposable income.

The growth of the global natural extracts market will be lucratively influenced by the thriving agricultural sector, escalating customer disposable income, and the increase in imports and exports. The global business trends will be expedited by the extensive use of natural extracts in fragrances, personal care products, cosmetics, foods, beverages, and pharmaceuticals. The global industry’s potential for growth will be bolstered by increasing consumer awareness of the advantages of natural extracts, advancements in biotechnology, and changing lifestyles. Furthermore, a number of food businesses are transitioning from the use of artificial flavors to the incorporation of natural ingredients into their products. This has led to an increase in product demand, which has in turn stimulated market growth.

➤ The global market’s expansion may be impeded by fluctuations in raw material costs.

The global natural extracts market is expected to be impeded by a variety of factors, including fluctuations in raw material costs and disruptions in the supply chain and distribution network.

➤ A thriving agricultural sector will enable the global market to access new avenues of growth.

It is anticipated that the global natural extracts industry will have access to new development opportunities in the years ahead as a result of the thriving agriculture sector. The global market will be presented with new opportunities for growth as a result of the increasing preference of consumers for natural food flavors.

➤ The global market has encountered a significant challenge due to the inadequate allocation of funds for research on natural extracts.

The global natural extracts market has faced a challenge in terms of development due to the massive extraction of minerals from the core of the earth and the lack of funding for research activities related to natural extracts.

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The Global Natural Extracts Market is segmented based on product, application and region

Global Natural Extracts Market: Product Segment Analysis

● Herbal Extracts
● Essential Oils
● Natural Colors
● Oleoresins
● Dried Crops

Global Natural Extracts Market: Application Segment Analysis

● Personal Care & Cosmetics
● Food & Beverages
● Animal Feed
● Pharmaceuticals
● Nutraceuticals
● Others

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The global Natural Extracts market profiles key players such as:

● Flavex Naturextrakte GmbH
● Robertet Group
● Arjuna Natural Pvt Ltd
● Firmenich SA
● India Essential Oils
● Sami Spices
● Kancor
● Synthite Industries Ltd
● Symrise AG
● Ransom Naturals Ltd
● A.G. Industries

➤ Europe is expected to maintain the largest market share during the forecast period.

The global market surge is expected to be led by the European region in the next eight years as a result of the flourishing aromatherapy industry and the increasing use of essential oils in European countries. Additionally, Europe is a significant exporter of pharmaceutical products that incorporate natural extracts. Additionally, the European market has been significantly influenced by the substantial demand for pharmaceuticals and nutraceuticals that has resulted from the rapid aging of the population.

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