Rise of health consciousness among the youth and other demographics are likely to spur market demand over the forecast period. High demand for functional foods and beverages which contain the required ingredients for preventing chronic diseases. Awareness of the health benefits of herbal extracts can positively impact market growth. Furthermore, demand for skin care products with the inclusion of natural ingredients can create growth opportunities for the herbal extracts market.
Herbal extract is based on herbs as raw materials in accordance with the needs of the extracted ground, through physical and chemical extraction and separation process, directed to obtain and concentration herbs in one or a variety of active ingredients, without changing its active ingredient structure and formation of products.
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The report provides the major drivers that are responsible for the market growth as well as restraints that hamper the market. Moreover, the report includes an analysis of the upcoming opportunities. This analysis of the dynamic factors in the market help market players to understand the major reasons behind the ups and down in the market.
Top Leading Players In Market : Martin Bauer,Indena,Euromed,Naturex,Bio-Botanica,Maypro,Sabinsa,Pharmchem (Avocal Inc.), Natural,Xi’an Shengtian
By Type, covers Saw Palmetto Extract, Milk Thistle Extracts, Horse Chestnut Extracts, Pygeum Extracts, Others
By Applications, can be divided into Health Care Industry, Pharmaceutical Industry, Others
By Region North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Scope of the Report:
For development, milk thistle and saw palmetto have been in the popular herbal supplements and remedies list for many years. For the past years, fast development has been witnessed in saw palmetto and milk thistle market, while in the future. We suggest that the growing of these two markets would still be in progress, but with more modest speed. The production of horse chestnut grows evenly during the following years, due to peopleâ€™s less attention on function of horse chestnut. Comparatively, pygeum is more popular than the above three products. However, the rare of raw material source hinders the development of pygeum extracts. Basically, the development of pygeum rivals milk thistle and saw palmetto these years.
For the market, Europe is the biggest market of herbal extracts, followed by United States. Each year, large amount of herbs and herbal extracts are imported to Europe and United States, to satisfy the growing demand of herbal supplements and remedies in these areas. Since pygeum is only produced in Africa, Europe and China manufactures imports pygeum from Africa, and provides pygeum extracts to Euorpe and United States market; saw palmetto is mostly grown in United States, also mostly consumed in United States; Europe is the biggest market of milk thistle extracts, followed closely by United States; Also, Europe is the biggest production base and market of horse chestnut.
For manufactures, the herbal extract market is relatively concentrated: Martin Bauer is the leading player in global herbal extracts market, with hundreds of products to satisfy the market in Europe and North America. Other leading players like Indena, Euromed and Naturex are also taking an important share in this field. It is worth noting that China manufacturer has playing an increasing important part in herbal extracts market, exporting products to Europe and North America market. Leading China players are TY Pharmaceutical, Natural Field and Xiâ€™an Herbking.
For trading, the import and export business of herbal extracts is frequent. Since Europe manufacturer produce a major share of global products, Europe companies export considerable amount of products to North America and Australia. China is also an important exporter of herbal extracts, aiming at United States market.
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