The global botanical extracts market is highly competitive, with many established players competing to capture market share. Key players in the market include Sabinsa Corporation, Frutarom Industries Ltd., Bio-Botanica Inc., Naturex SA, and Martin Bauer GmbH & Co. KG, among others.
Sabinsa Corporation is a leading player in the botanical extracts market, with a focus on developing and manufacturing natural ingredients for the food, supplement, and pharmaceutical industries. The company offers a wide range of botanical extracts, including turmeric, black pepper, ashwagandha, and gymnema.
Frutarom Industries Ltd. is another major player in the botanical extracts market, offering a wide range of natural ingredients and flavors for the food, beverage, and pharmaceutical industries. The company’s botanical extracts portfolio includes ginger, green tea, rosemary, and lemon balm, among others.
Bio-Botanica Inc. is a leading supplier of botanical extracts and natural ingredients for the cosmetic, personal care, and pharmaceutical industries. The company’s product portfolio includes a range of botanical extracts, including aloe vera, chamomile, and witch hazel.
Naturex SA is a global leader in the botanical extracts market, offering a wide range of natural ingredients for the food, beverage, and dietary supplement industries. The company’s product portfolio includes botanical extracts such as green coffee, hibiscus, and guarana.
Martin Bauer GmbH & Co. KG is a leading supplier of herbal and fruit infusions, botanical extracts, and tea extracts. The company offers a wide range of botanical extracts, including elderberry, echinacea, and ginkgo.
Other key players in the botanical extracts market include Kalsec Inc., Indena S.p.A, Organic Herb Inc., and Biomax Life Sciences Ltd.
In recent years, the botanical extracts market has witnessed a significant number of mergers and acquisitions, partnerships, and collaborations among key players. For instance, in 2018, Frutarom Industries Ltd. was acquired by International Flavors & Fragrances Inc. (IFF), a leading player in the flavors and fragrances industry. The acquisition is expected to strengthen IFF’s position in the botanical extracts market.
Similarly, in 2017, Sabinsa Corporation announced a partnership with ChemBridge Corporation to develop and manufacture new botanical extracts for the pharmaceutical industry. The partnership is expected to provide new opportunities for both companies in the rapidly growing botanical extracts market.
In addition to mergers and acquisitions, key players in the botanical extracts market are also focusing on new product development, innovation, and expanding their product portfolios. For instance, in 2019, Naturex SA launched a new range of botanical extracts, including red vine, lemon verbena, and guava, to meet the growing demand for natural ingredients in the food and beverage industry.
Furthermore, players in the botanical extracts market are increasingly adopting sustainable and ethical sourcing practices to meet consumer demand for environmentally friendly and socially responsible products. Many companies are partnering with local farmers and communities to source their raw materials and ensure sustainable and fair production practices.
Overall, the botanical extracts market is expected to continue growing at a significant rate in the coming years, driven by factors such as increasing demand for natural ingredients, rising awareness of the health benefits of botanical extracts, and growing demand for functional foods and nutraceuticals. Key players in the market are expected to continue innovating and expanding their product portfolios to meet the evolving needs of consumers and the industry.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
