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Botanical Extract Market Size & Growth Report by Fact MR
The global botanical extract market (식물 추출물 시장) is anticipated to reach a value of US$ 13.5 billion by the end of 2033, growing at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. Botanical extracts have gained immense popularity due to their health benefits and diverse applications across industries, driving market growth. As consumer preferences evolve, the botanical extract market is expected to continue expanding, presenting opportunities for manufacturers, suppliers, and retailers to cater to the demand for natural and sustainable products. Asia Pacific and Europe are set to be key regional markets in this business.
Want Full Report? Enquire Here-https://www.factmr.com/report/botanical-extract-market
Key Takeaways from Market Study
The global botanical extract market was valued at US$ 5.7 billion in 2022, with worldwide demand expected to increase to US$ 6.16 billion by 2023. Projections indicate that the market will reach US$ 13.5 billion by the end of 2033, expanding at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. The powder segment, in particular, is anticipated to grow at a CAGR of 7.5%, potentially reaching a market size of US$ 7.8 billion by the end of the forecast period. The food and beverages sector is a significant driver, having accounted for 49% of the market share in 2022.
The global botanical extract market (식물 추출물 시장) is anticipated to reach a value of US$ 13.5 billion by the end of 2033, growing at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. Botanical extracts have gained immense popularity due to their health benefits and diverse applications across industries, driving market growth. As consumer preferences evolve, the botanical extract market is expected to continue expanding, presenting opportunities for manufacturers, suppliers, and retailers to cater to the demand for natural and sustainable products. Asia Pacific and Europe are set to be key regional markets in this business.
Want Full Report? Enquire Here-https://www.factmr.com/report/botanical-extract-market
Key Takeaways from Market Study
The global botanical extract market was valued at US$ 5.7 billion in 2022, with worldwide demand expected to increase to US$ 6.16 billion by 2023. Projections indicate that the market will reach US$ 13.5 billion by the end of 2033, expanding at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. The powder segment, in particular, is anticipated to grow at a CAGR of 7.5%, potentially reaching a market size of US$ 7.8 billion by the end of the forecast period. The food and beverages sector is a significant driver, having accounted for 49% of the market share in 2022.
Botanical Extract Market Size & Growth Report by Fact MR
The global botanical extract market (식물 추출물 시장) is anticipated to reach a value of US$ 13.5 billion by the end of 2033, growing at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. Botanical extracts have gained immense popularity due to their health benefits and diverse applications across industries, driving market growth. As consumer preferences evolve, the botanical extract market is expected to continue expanding, presenting opportunities for manufacturers, suppliers, and retailers to cater to the demand for natural and sustainable products. Asia Pacific and Europe are set to be key regional markets in this business.
Want Full Report? Enquire Here-https://www.factmr.com/report/botanical-extract-market
Key Takeaways from Market Study
The global botanical extract market was valued at US$ 5.7 billion in 2022, with worldwide demand expected to increase to US$ 6.16 billion by 2023. Projections indicate that the market will reach US$ 13.5 billion by the end of 2033, expanding at a compound annual growth rate (CAGR) of 8% from 2023 to 2033. The powder segment, in particular, is anticipated to grow at a CAGR of 7.5%, potentially reaching a market size of US$ 7.8 billion by the end of the forecast period. The food and beverages sector is a significant driver, having accounted for 49% of the market share in 2022.
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