African botanical extract market was valued at USD 3950 Million in 2018 and is projected to grow at CAGR 9.2 % from 2019 which is expected to grow 6330 million by 2030.
African Botanical extract are the plant extracts which are utilized in various food and beverages applications. African botanical extracts are popular due to its highly effective health and nutritional properties. Baobab, Roseship, Kola nut, Hoodia these extracts has the healthy characteristics which improve the different body functions such as weight management, immune system, and others. African region is popular in the world due its botanical diversity as well as African region is rich source of various healthy plants. African plant extract plays an essential role in neutraceutical industry, pharmaceutical industry, and cosmetic industry
Increase in awareness regarding the side effects of allopathic medicine is expected to boost the African botanical extracts market growth. Furthermore, increase in usage of botanical extracts in food and beverages industry is expected to propel the growth of African botanical extract market. Botanical extracts provide different types of nutritional advantages to the food products with better flavor and taste. Also, these extracts are used in cosmetic products due to its anti-inflammatory and anti-oxidant properties. Furthermore, in the pharmaceutical industry these extracts are majorly used in medicines which are associated with mental health, joint health, stress relief, digestive health, and for other body functions. Moreover, rise in demand for healthy and nutritional ingredients in food and beverages industry is expected to drive the African botanical extract market growth, during this forecast period.
However, availability of substitute and alternatives in the market is the major restraint which expected to hamper the growth of African botanical extract market. Also, stringent government regulations and policies will affect the African botanical extract market growth.
African botanical extract market is segmented into type such as Baobab, Aloe Vera, Hibskus, Rosemary, Honeybush, Vanilla, Rooibos, by source such as Spices, Herbs, Flowers, and Leaves. Further, Africal botanical extract market is segmented into application such as Food & Beverages (Bakery & Confectionery, Dairy Products, Soups & Sauces, Meat Products, Beverages, and Others), Dietary Supplements, Cosmetics, and Pharmaceuticals.
Various key players are discussed in this report such as BOTANICA NATURAL PRODUCTS, AfriNaturals, Lipoid Kosmetik AG, Prinova Group LLC, Zuplex, Carrubba INC, Afriplex, Botanical Extracts EPZ Ltd., Dohler, and Others.
By Type Baobab Aloe Vera Hibskus Rosemary Honeybush Vanilla Rooibos Others
By Source Spices Herbs Flowers Leaves
By Application Food and Beverages Bakery & Confectionery Dairy Products Soups & Sauces Meat Products Beverages Others Dietary Supplements Cosmetics Pharmaceuticals
1.1. Market Taxonomy
2. African Botanical Extract Market Demand (in Value or Size in US$ Mn) Analysis and Forecast
3. Market Background
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
4. African Botanical Extract Market Snapshot
5. African Botanical Extract Market Analysis, By Type
5.1. Y-o-Y Growth Comparison, By Type
5.2. African Botanical Extract Market Share Analysis, By Type
5.3. African Botanical Extract Market Size and Forecast, By Type
5.3.1 Baobab
5.3.2 Aloe Vera
5.3.3 Hibskus
5.3.4 Rosemary
5.3.5 Honey Bush
5.3.6 Vanilla
5.3.7 Rooibos
5.3.8 Others
6. African Botanical Extract Market Analysis, By Source
6.1. Y-o-Y Growth Comparison, By Source
6.2. African Botanical Extract Market Share Analysis, By Source
6.3. African Botanical Extract Market Size and Forecast, By Source
6.3.1 Spices
6.3.2 Herbes
6.3.3 Flowers
6.3.4 Leaves
7. African Botanical Extract Market Analysis, By Application
7.1. Y-o-Y Growth Comparison, By Application
7.2. African Botanical Extract Market Share Analysis, By Application
7.3. African Botanical Extract Market Size and Forecast, By Application
7.3.1 Food & Beverages
7.3.1.2 Bakery & Confectionery
7.3.1.3 Dairy Products
7.3.1.4 Soups & Sauces
7.3.1.5 Meat Products
7.3.1.6 Beverages
7.3.1.7 Others
7.3.2 Dietary Supplements
7.3.3 Cosmetics
7.3.4 Pharmaceuticals
8. African Botanical Extract Market Analysis, By Region
8.1. Y-o-Y Growth Comparison, By Region
8.2. African Botanical Extract Market Share Analysis, By Region
9. North America African Botanical Extract Market Analysis and Forecast (2017-2030)
9.1 Introduction
9.2 North America African Botanical Extract Market Analysis, By Type
9.3 North America African Botanical Extract Market Analysis, By Source
9.4 North America African Botanical Extract Market Analysis, By Application
9.5 North America African Botanical Extract Market Analysis, By Country
9.5.1 USA
9.5.2 Canada
9.5.3 Mexico
10. Europe African Botanical Extract Market Analysis and Forecast (2017-2030)
10.1 Introduction
10.2 Europe African Botanical Extract Market Analysis, By Type
10.3 Europe African Botanical Extract Market Analysis, By Source
10.4 Europe African Botanical Extract Market Analysis, By Application
10.5 Europe African Botanical Extract Market Analysis, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11. Asia Pacific African Botanical Extract Market Analysis and Forecast (2017-2030)
11.1 Introduction
11.2 Asia Pacific African Botanical Extract Market Analysis, By Type
11.3 Asia Pacific African Botanical Extract Market Analysis, By Source
11.3 Asia Pacific African Botanical Extract Market Analysis, By Application
11.4 Asia Pacific African Botanical Extract Market Analysis, By Country
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 Rest of Asia Pacific
12. Latin America African Botanical Extract Market Analysis and Forecast (2017-2030)
12.1 Introduction
12.2 Latin America African Botanical Extract Market Analysis, By Type
12.3 Latin America African Botanical Extract Market Analysis, By Source
12.4 Latin America African Botanical Extract Market Analysis, By Application
13. Middle East & Africa African Botanical Extract Market Analysis and Forecast (2017-2030)
13.1 Introduction
13.2 Middle East & Africa African Botanical Extract Market Analysis, By Type
13.3 Middle East & Africa African Botanical Extract Market Analysis, By Source
13.4 Middle East & Africa African Botanical Extract Market Analysis, By Application
14. Competition Analysis
14.1 Competition Dashboard
14.2Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15. Company Profiles
15.1 BOTANICA NATURAL PRODUCTS
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financial
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 AfriNaturals
15.3 Lipoid Kosmetik AG
15.4 Prinova Group LLC
15.5 Zuplex
15.6 Carrubba INC
15.7 Afriplex
15.8 Botanical Extracts EPZ Ltd
15.9 Dohler
15.10 Others
